RJ x TITAN — the real story 🔥
When most people talk about “multi-baggers”, they share the final chart.
RJ’s Titan bet is more interesting because it started when the business looked ordinary.
Back in 2002–03, RJ began buying Titan around the ₹30/share zone.
At that time, Titan’s market value worked out to roughly ₹250 Cr.
Titan’s borrowings around that period were closer to ₹440–₹470 Cr range.
Now the key part: Why did he buy?
Because he was early on a simple future:
✅ India’s shift from local jewellers to branded, trusted jewellery
✅ Rising incomes + aspiration spending
✅ Organised retail growing slowly… but surely
✅ A brand that could scale across cities and generations
In short, he didn’t just buy a stock.
He bought a behaviour change that was coming to India.
And the returns?
People say “Titan is 1000X.”
Reality is even bigger when you adjust correctly for corporate actions:
On 23 June 2011, Titan did:
➡️ 1:1 Bonus + 10:1 Split (₹10 face value to ₹1)
That means your shares became 20 times.
So a ₹30 buy price becomes roughly ₹1.50 on today’s adjusted basis.
Titan’s all-time high was around ₹4,307.80 (7 Jan 2026).
That’s roughly 2,800X+ from that adjusted cost (dividends extra).
Real lesson:
Big wealth is not made by “finding a cheap stock.”
It is made by finding a long runway business, entering early, and holding through noise.
RJ saw the future early — and then he stayed patient. ✅
— @MRCHARTIST
(Educational post. Not investment advice.)
Mr Chartist