Where The Rich Are Investing 2017

Rajendra Majithia

The director of Urmin Group thinks making money in the stock market makes one lazy

Siddharaj Solanki

Outside of his business, Rajendra Majithia is clearly in love with equities, but prefers to take the proxy route to investing. “I am extremely uncomfortable with the fluctuation in the stock market,” he says. As director of the closely held Rs.2,000-crore Ahmedabad-based
Urmin group, Majithia prefers investing in mutual funds, where he has parked nearly one-third of his wealth. “Investing directly in stocks calls for a lot of research and it is a full-time job. Also, my own belief is that making a lot of money in the market makes you lazy,” says the 51 year old.