In a story straight out of an investor’s dream, a Reddit user recently shared how his father’s ₹1 lakh investment in Jindal Vijayanagar Steel Ltd (now JSW Steel) in the 1990s has grown to a staggering ₹80 crore today.
The user posted images of the original physical share certificates, dated as far back as 1995, issued by Karvy Consultants, listing out multiple folio and certificate numbers—evidence of a once common practice before the era of dematerialised shares.
Power of Long-Term Holding
The value of these shares, which seemed modest back then, snowballed over three decades through stock splits, bonuses, and corporate restructuring, reflecting the immense wealth creation potential of long-term equity investments. What makes this even more powerful is the fact that the shares were never sold, traded, or liquidated in a rush—held purely on conviction.
JSW Steel: A Legacy Investment
JSW Steel, a part of the Sajjan Jindal-led JSW Group, has grown from a relatively lesser-known steel company into one of India’s largest and most respected steel manufacturers, with a presence across the globe. The Reddit user’s post is being hailed as a lesson in patience, compounding, and generational wealth-building.
Netizens React
Social media users were in awe of the find. Comments poured in calling it “the ultimate example of buy and hold” and “better than real estate or gold”. Some even jokingly called it the “Desi Warren Buffett story.”
A Reminder for Retail Investors
In an age where intraday trading and FOMO-driven stock decisions dominate, this story is a reminder of what thoughtful, long-term investing can achieve. Buying the right business and staying invested could possibly be the most underrated form of wealth creation in India today.