That ₹1 Lakh Investment in the 90s? It’s ₹80 Crore Today. Here’s How.
Okay, so you know how everyone’s always chasing the next big stock tip? Well, here’s a story that’ll make you rethink everything. Some guy on Reddit—Sourav Dutta, I think—shared how his dad’s tiny ₹1 lakh investment in JSW shares back in the 90s is now worth a mind-blowing ₹80 crore. Yeah, you read that right. Eighty. Crore. And honestly? It’s not even about luck. It’s about what happens when you forget you own something valuable.
The “Oops, I Became Crorepati” Story
So here’s the deal. Some anonymous guy inherited his father’s dusty old demat account—you know, the kind we all ignore—and found these JSW shares bought for peanuts in the 90s. Fast forward 30 years, and boom: retirement sorted. The crazy part? His dad probably just forgot about them during all those market crashes and economic dramas. Makes you wonder what’s hiding in your family’s paperwork, right?
Why JSW Was the Golden Ticket
Let me break it down. JSW wasn’t always this steel giant. Back in the 90s, it was just another player. But then three things happened:
- 1994: They listed at ₹50 (adjust for splits, blah blah—point is, it was cheap).
- 2000s: Went on a buying spree—grabbed Ispat Industries like it was a discount samosa.
- Now: Into everything from solar power to cement. Classic desi diversification.
And here’s the kicker: that ₹1 lakh became ₹80 crore because the stock grew at 35% yearly. For context? Fixed deposits would’ve given you ₹10 lakh. Sensex? Maybe ₹30 lakh. But this? This is why people obsess over stocks.
The Real Lesson? Don’t Be Clever
Look, we all think we’re Warren Buffett when the market’s up. But this story proves something way simpler:
- Hold. Just hold. The 2008 crash? Didn’t matter. Demonetization? Whatever.
- Back the right horse. JSW had Sajjan Jindal—dude knew how to play the long game.
- Time > Timing. Nobody bought at the “perfect” moment. They just stayed.
Can You Replicate This? Maybe. Here’s What to Hunt For
Let’s be real—80,000x returns won’t happen often. But if you’re looking for the next big bet, eye these sectors:
- Renewable energy: India’s going green, and someone’s gonna profit.
- Semiconductors: Everyone wants chips. Like, the computer kind.
- AI stuff: Because obviously.
Key things? Scalable business. Clean books. And—this is crucial—management that doesn’t treat shareholders like ATMs.
What the “Experts” Are Saying (And By Experts, I Mean Twitter)
Some fintech guy (@fintech_shark, because of course) tweeted: “This is India’s growth in one stock. Most people sell too damn early.” Meanwhile, Reddit’s flooded with folks digging through attics for old share certificates. Hilarious and tragic at once.
So… Now What?
Here’s my take: this isn’t about copying the JSW play. It’s about the mindset. Either:
- Dig up old investments—your dad’s PPF account might surprise you.
- Start a SIP and pretend it doesn’t exist for 20 years.
- Or just chill. The best investments often happen when you stop micromanaging.
Final thought? That ₹80 crore didn’t come from genius. It came from inertia. Maybe there’s a lesson in that.
FAQs (Because People Always Ask)
How to check old shares?
Bug KFintech or CDSL with your dad’s PAN card. Prepare for paperwork hell.
How to find multibaggers?
Look for companies that don’t suck. Low debt. Good profits. You know, the basics.
Is this normal?
Ha. No. But 20% yearly returns for 20 years? That’s life-changing money too.
