PR Sundar is an Overseas Citizen of India (OCI) known for being a stock market analyst, stock trading advisor and social media financial influencer. He provides consulting and training on futures and options (F&O) trading on various social media platforms
Wiki/Biography
Purisai Rajamani Sundar was born on Saturday, March 28, 1964 in Purisai, Tamil Nadu, India (age 58; as of 2022). His zodiac sign is Aries. Sundar completed his education from a Tamil medium corporate school. Due to the poor financial situation of his family, he was sent to a charitable trust hotel in Chennai. He attended the University of Cambridge in England and received a bachelor’s degree in business administration. Sundar received his MSc in Mathematics from Chennai.
PR Sundar shows off his primary school in Purisai, Tamil Nadu
appearance
Height (approximately): 5′ 9″
Hair Color: Salt and Pepper
Eye color: black
family
Parents and siblings
Sundar’s father, Rajamani, worked as an unskilled laborer in the Gulf countries. Not much information is available about his mother. Sundar has seven brothers and sisters.
wife and children
On November 10, Sundar married Mangaiyarkarasi Sundar. They have a son, Ashwin Sundar, who is a YouTuber, content creator and stock market trader.
PR Sundar with son Ashwin Sundar (centre) and wife Mangaiyarkarasi Sundar
Race
PR Sundar is Tamil.
Profession
as a teacher
After completing his postgraduate studies, Sundar was appointed as a mathematics teacher in a school in Gujarat. In 1993, he had the opportunity to move to Singapore to teach mathematics in a school. He returned to India in 2005 after spending about 12 years in Singapore. In addition to teaching, Sundar decided to start his own business as an alternative source of income. One of Sundar’s relatives suggested him to appear for the NSE College Certification in Financial Management (NCFM) exam. While preparing for the exam, he quickly became interested in the stock market and began investing through stock trading and IPOs (Initial Public Offerings).
As a stock market analyst and trader
In 2007, Sundar started investing in the stock market. Initially, he invested in companies such as Aban Offshore (formerly Aban Lloyd), Kokuyo Camlin Ltd. (formerly Camlin Ltd.) and L&T (Larsen & Toubro). He has been working as a Sales and Marketing Specialist at CBA Capital in Bengaluru, Karnataka since May 2016. On June 30, 2017, Sundar was appointed as a director of Mansun Consultancy Private Limited, a company principally engaged in financial intermediation and advisory services. In June 2020, Sundar was appointed account manager at Cryptrade Network in Warsaw, Mazovia Voivodeship, Poland. He served there for two years and one month until June 2022. PR Sundar has an eponymous YouTube channel where he posts stock market-related videos; the channel has over 1 million subscribers. Significant investments in his portfolio as of September 2022 include SP Apparels Ltd, Kalyani Investment Company Ltd, Twentyfirst Century Management Services Ltd, HCL Technologies Ltd, India Motor Parts & Accessories Ltd and RPP Infra Projects Ltd.
dispute
Got trolled for making money from training instead of trading
Sundar initially made money trading stocks, and his broker suggested he start giving training courses on stock market strategies. He charges about Rs 50,000 for a two-day workshop, while his mentorship program costs about Rs 20 lakh. Sundar came under severe attack from netizens for making huge amounts of money through YouTube advisory videos on stock market training courses rather than actual stock market trading. In an interview, he expressed dissatisfaction with criticism for making more money through training rather than trading, saying:
Why is this important? At the end of the day, all we have to do is make money. Are there any government regulations that say a person shouldn’t make more money in training than in trading? The two are independent businesses. Does it matter if Virat Kohli makes more money from advertising than playing cricket? The money comes from all legal sources. ”
Criticized for making offensive remarks
In November 2022, publicist Sundar was heavily criticized for using vulgar and offensive language while arguing with users on his Twitter account. A conversation Sundar had with users about the concept of mark-to-market (MTM) for their transactions (mark-to-market is an accounting method that determines the fair value of an asset or liability based on current market prices) turned into Sundar publishing an article about women and Controversial comments about his virginity, he was subsequently heavily criticized for his unacceptable and incorrect choice of words.
Unfollow and block this content @PRSundar64 Arrogant people have been tolerated in the past. The (impersonal) highly immoral and disgusting aspects of money and fame have taken over his thoughts. So far I haven’t stopped a single villain or critic. pic.twitter.com/HZQkTl73yT
— Harish Sharma (@hsvashistha16) November 27, 2022
Sundar later posted a video on his YouTube channel in which he apologized for using disrespectful language, saying:
I’m losing my patience. sorry. People say that I should not use certain unparliamentary terms, and I do agree. Of course, it goes without saying that I didn’t mean it. I tweeted just to get him to understand the concept. Otherwise I wouldn’t even know if he has a daughter. “
SEBI launches investigation
In November 2022, the Securities and Exchange Board of India launched an investigation into its son PR Sundar and his company Mansun Consultancy Pvt Ltd for allegedly providing consulting services on investment measures without registering with SEBI. As per SEBI guidelines, if any person is found engaged in providing investment advisory services without SEBI registration, appropriate action can be taken against him under the SEBI Act, 1992. Speaking in an interview about being investigated by SEBI, Sundar said,
This was two years ago when I was associated with a consultancy firm registered with Sebi. My company doesn’t collect payments from companies, it collects payments on their behalf. We received the first show cause notice in May 2022 and another this month. We are assisting Sebi with all the details. ”
car collection
PR Sundar owns a Mercedes Benz S Class and a Jaguar XF.
PR Sundar and his Mercedes-Benz S-Class
PR Sundar and his Jaguar
assets/property
Sundar owns a four-storey penthouse worth Rs 30 crore in Tamil Nadu and an apartment near Burj Khalifa in Dubai.
A look inside PR Sundar’s penthouse in Tamil Nadu
Facts/Trivia
- Sundar primarily engages in options trading and is interested in option sales rather than stock buying and selling. (An option is a contract signed by a seller that transfers to the buyer the right to buy or sell a specific asset at a specific price in the future.) He believes that investors with large sums of money should invest in option sales. In an interview, he elaborated on his reasons for investing in options rather than stocks, saying:
When you buy or sell stocks, the probability of winning is 50%, but when you sell options, the probability of winning is 80%. This is a game of probability. With my skills and personality, the best way to make money is through options, not futures or spot markets. “
- As of 2022, Sundar’s Twitter account has more than 500,000 followers.
- Sundar is involved in various social work and charity projects. In 2021, he donated over Rs 1 crore to the Prime Minister’s National Relief Fund and the Tamil Nadu Chief Minister’s Public Relief Fund amid the Covid-19 pandemic. Sundar is the founder of the Mangai Foundation, which provides financial assistance to children, the elderly and single female parents.
Categories: Biography
Source: HIS Education