PR Sundar is an Overseas Citizen of India (OCI), known as a stock market analyst, share trading advisor and social media financial influencer. He provides consulting and training about futures and options (F&O) trading on various social media platforms
Contents
Wiki/Biography
Purisai Rajamani Sundar was born on Saturday, 28 March 1964 (age 58 years; as in 2022) in Purisai, Tamil Nadu, India. His zodiac sign is Aries. Sundar completed his schooling in a Tamil-medium corporation school. Due to poor financial condition of his home, he was sent to a charitable trust hostel in Chennai. He attended the University of Cambridge in England, where he earned a Bachelor of Business Administration degree. Sundar completed his Master of Science degree in Mathematics from Chennai.
PR Sundar showcasing his primary school in Purisai, Tamil Nadu
Physical Appearance
Height (Approx): 5′ 9″
Hair Color: Salt and Pepper
Eye colour: 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 10 November, Sundar got married to Mangaiyarkarasi Sundar. Together, they have a son, Ashwin Sundar, who is a YouTuber, content creator and a stock market trader.
PR Sundar with his son Ashwin Sundar (middle) and wife Mangaiyarkarasi Sundar
CASTEISMAND
PR Sundar is a Tamilian.
livelihood
as a teacher
After Sundar completed his post-graduation, he was appointed as a mathematics teacher in a school in Gujarat. In 1993, he got a chance to shift to Singapore to teach mathematics in a school. He returned to India in 2005 after spending almost 12 years in Singapore. Apart from teaching, Sundar decided to start his own business as an alternative income source. A relative of Sundar advised him to appear for the NSE Academy Certification in Financial Management (NCFM) examination. While preparing for the exam, he soon developed interest in the stock market and started investing through stock trading and IPO (Initial Public Offering).
As a stock market analyst and trader
In 2007, Sundar started investing in the stock market. Initially, he invested in the companies Aban Offshore (formerly known as Aban Lloyd), Kokuyo Camlin Limited (formerly known as Camlin Limited) and L&T (Larsen & Toubro). Since May 2016, he has been working as a Sales and Marketing Specialist at CBA Capital in Bengaluru, Karnataka. On 30 June 2017, Sundar was appointed as the director of Manson Consultancy Pvt Ltd, which is primarily involved in financial intermediation and consulting services. In June 2020, Sundar was appointed as an account manager at CryptoTrade Network in Warsaw, Mazowiecki, Poland. He served there for 2 years and one month till June 2022. PR Sundar has a self-titled YouTube channel, where he posts stock market related videos; The channel has more than 1 million subscribers. As of September 2022, significant investments in his portfolio were made in SP Apparels Ltd, Kalyani Investment Company Ltd, 21st Century Management Services Ltd, HCL Technologies Ltd, India Motor Parts & Accessories Ltd and RPP Infra Projects Ltd.
controversies
Trolled for earning money from training instead of trading
Sundar, who initially earned through stock trading, was advised by his broker to start giving training classes about stock market strategies. For a two-day workshop he charged around Rs 50000 and for his mentorship program he charged around Rs 20 lakh. Sundar was heavily trolled by netizens for earning huge sums of money from YouTube advisory videos about stock market training courses instead of actual stock market trading. In an interview, he expressed displeasure at the criticism he received for earning more money through training rather than trading and said,
How does it matter? At the end of the day, we just want to make money. Is there any government rule that says a person should not make more money in training than in trading? Both are independent businesses. Does it matter if Virat Kohli is earning more money from advertisements than playing cricket? The money is coming through all legitimate channels.”
Criticized for objectionable comments
In November 2022, PR Sundar was heavily criticized for using vulgar and offensive language while arguing with a user on his Twitter handle. Sundar’s conversation with a user about the mark-to-market (MTM) concept on his trading (mark-to-market is an accounting method for determining the fair value of an asset or liability based on the current market price) is a Changed into. A heated debate followed Sundar’s controversial remarks on women and their virginity, following which he was strongly criticized for his unacceptable and wrong choice of words.
Unfollowing and blocking him @PRSundar64 An arrogant person has already suffered a lot. (Nothing personal) Extremely immoral and disgusting, money and fame have taken over his mind. I have not blocked even a single troller or critic so far. pic.twitter.com/HZQkTl73yT
– Harish Sharma (@hsvashistha16) 27 November 2022
Later, Sundar posted a video on his YouTube channel in which he apologized for using derogatory words and said,
I lost my patience. I am sorry. People say that I should not have used some unparliamentary words and I agree with that. Of course, needless to say that’s not what I meant. I tweeted him only for the purpose of argument so that he can understand the concept. Otherwise I did not know whether he had a daughter or not.
Investigation started by SEBI
In November 2022, the Securities and Exchange Board of India initiated an investigation against PR Sundar, his son and their company Manson Consultancy Pvt Ltd for providing consultancy services in relation to investment instruments without registration with SEBI. As per SEBI guidelines, if any person is found engaged in providing investment advisory services without being registered with SEBI, appropriate action can be taken against him under the SEBI Act, 1992. In an interview, Sundar spoke about the investigation. SEBI further said,
This is a two year old incident when I was associated with a SEBI registered consulting company. Instead of taking payment from the company, my firm collected payment on their behalf. We received the first show cause notice in May 2022 and the second in this month. We are assisting SEBI in all details.
car collection
PR Sundar owns a Mercedes Benz S Class and a Jaguar XF.
PR Sundar with his Mercedes Benz S Class car
PR Sundar with his Jaguar car
property/property
Sundar owns a four-storey penthouse worth Rs 30 crore in Tamil Nadu and an apartment near Burj Khalifa in Dubai.
A glimpse of PR Sundar’s penthouse in Tamil Nadu
Facts/General Knowledge
- Sundar primarily works in options trading and is involved in option sales rather than buying and selling of stocks. (An option is a contract drawn up by a seller that gives the buyer the right to buy or sell a particular asset at a specific price in the future) They believe that investors with large capital should invest in selling options . In an interview, he presented reasons for investing in options instead of stocks and said,
When you are buying and selling stocks, the probability of winning is 50 percent, but when you are selling options, the probability is 80 percent. This is a game of probability. For my skills and temperament, the best way to make money is only through options, not futures or cash markets.
- As of 2022, Sundar has more than 5 lakh followers on his Twitter account.
- Sundar is associated with various social works and charitable programs. In 2021, amid COVID-19, he donated over Rs 1 crore to the Prime Minister’s National Relief Fund and the Tamil Nadu Chief Minister’s Public Relief Fund. Sundar is the founder of Mangai Foundation, which provides financial assistance to children, elderly and single female parents.
Categories: Biography
Source: vcmp.edu.vn