Rakesh Jhunjhunwala, India's Warren Buffet dies at 62

He was a chartered accountant by profession from the Rajasthan state of India.

He started dabbling in stock in college and went on to manage a trading firm RARE

He was also a promoter of India's newest airline - Akasa Airline.

His bets include a number of companies run by TATA groups.

His other investment include India Bulls Housing finance, Federal bank, Star health insurance, etc.

The cause of his death was not immediately announced

Major leaders and politicians mourned his death on social media