Class 12 dropout to Rs 711-cr Juhu tower owner: Dinesh Thakkar's rise
Dinesh Thakkar has recently made headlines for acquiring a whole residential tower in Juhu, Mumbai, for a whopping ₹711 crore. Hailing from a family deeply rooted in business, he initially dabbled in textile trading before venturing into stockbroking. After facing hefty losses, Thakkar established Angel One in 1996 with investor backing. This venture symbolizes the evolution of India's investment…
Dinesh Thakkar, a Class 12 graduate and founder of Angel One, has made headlines for purchasing an entire residential tower in Mumbai’s Juhu for ₹711 crore. This extraordinary acquisition follows Thakkar's journey from a textile business to stock market involvement, surviving the 1992 securities scam, and building a prominent retail broking platform.
Initially, Thakkar entered the stock market after borrowing money from friends, resulting in a loss of ₹6 lakh. He later developed a keen interest in the broking business, leading to the establishment of Angel Broking in 1996. The purchase of the entire residential tower, named 'Angelus,' marks a significant shift in Thakkar's entrepreneurial journey, reflecting India's transformation from traditional stockbroking to digital investing.
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