Sachin Tendulkar stands as an iconic figure, not only for his exceptional skills on the field but also for his shrewd business acumen. Recently, Tendulkar’s financial power came to the forefront as his investments in Azad Engineering yielded staggering returns.
Sachin Tendulkar, a former player of the Indian cricket team, has proven that his success is not limited to the cricket pitch. Reports suggest that Tendulkar invested ₹5 crores in Azad Engineering, a Hyderabad-based firm specializing in defence equipment production. This strategic move turned out to be a game-changer for the cricket legend, as the value of his investment multiplied sevenfold.
Sachin Tendulkar Surpasses Mitchell Starc’s IPL Salary With His Investment
The turning point in Tendulkar’s financial portfolio came on Thursday, December 28, when Azad Engineering went public. The market responded overwhelmingly, propelling the firm’s worth to an astounding ₹4000 crore. The stock price surged by 29.21%, reaching ₹677.10 per share. Both the National Stock Exchange and the Bombay Stock Exchange witnessed significant transactions, with 1.51 crore and 7.80 lakh shares changing hands, respectively.
While Tendulkar basks in the glory of his financial triumph, another cricketing sensation, Mitchell Starc, made headlines for becoming the most expensive player in Indian Premier League (IPL) history. The seasoned Australian pacer secured a lucrative deal with the Kolkata Knight Riders franchise, fetching a staggering ₹24.75 crore.
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Interestingly, Tendulkar’s financial gains from his investment in Azad Engineering have surpassed even the record-breaking deal of Mitchell Starc. The cricketing legend reportedly earned ₹26.5 crore, showcasing not only his cricketing genius but also his prowess in the financial arena.
Sachin Tendulkar’s journey from the cricket field to the world of investments exemplifies his multifaceted success. The strategic investment in Azad Engineering has not only added substantial wealth to Tendulkar’s coffers but has also solidified his reputation as a savvy investor. As the cricketing legend continues to inspire on and off the field, his financial power serves as proof of the possibilities that lie beyond the boundary.
Sir Sachin Tendulkar carrying team India in the 90s : pic.twitter.com/7xfbvUKKKM
— Raja Babu (@GaurangBhardwa1) December 29, 2023
