Ajit Jain

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Ajit Jain (born 1951 in Orissa, India) is an Indian born employee of Berkshire Hathaway who currently heads several reinsurance businesses.[1] He was raised in India's coastal state of Orissa. He is a strict vegetarian because of his religion, Jainism. Ajit Jain is an older cousin of Anshu Jain, who was the former Co-CEO of Deutsche Bank.


In 1972, he graduated from the IIT Kharagpur with BTech degree in Mechanical Engineering.[2][3]


From 1973 to 1976, Jain worked for IBM as a salesman for their data-processing operations in India. He was named "Rookie of the Year" in his region in 1973.[4] He lost his job in 1976 when IBM discontinued their operation in India because they declined to allow any Indian ownership of the company, as was then required by law.[4]

In 1978, he moved to the United States, where he earned an MBA from Harvard University and joined McKinsey & Co.. He returned to India in the early 1980s and married. They then moved back to the United States, as his wife preferred to live there.[5]

In 1986, he left McKinsey to work on insurance operations for Warren Buffett. Jain was invited by his former boss, Michael Goldberg, who had left McKinsey & Co to join Berkshire Hathaway in 1982.[4] At the time, he said he knew little about the insurance business.[6]

In the annual letter to shareholders on 2014, it is suggested that both he and Greg Abel could be appropriate successors for Warren Buffett as CEO of Berkshire Hathaway.[7][8] Jain lives in the New York City area, in the U.S. state of New York.[9]


In 2005, Ajit Jain established the Jain Foundation, a non-profit organization located in Seattle, Washington, the mission of which is to cure limb-girdle muscular dystrophies caused by dysferlin protein deficiency, a condition that Jain's son has.[10][11] Plavi Jain Mittal, who earned her PhD in molecular biology from Brandeis University,[12] was the initial President and CEO.[10][12] In May 2017, Mittal formed In-Depth Diagnostics, a non-profit organization providing free whole-genome sequencing and analysis to people with rare diseases.[13]

See also[edit]


  1. ^ S, Anusha; Krishnan, Janaki (2003-06-27). "Warren Buffett testing Indian market". Rediff. Archived from the original on 2007-03-10. Retrieved 2007-03-24. 
  2. ^ "Ajit Jain leads pack to take over from Warren Buffett". Hindustan Times. 2012-05-08. 
  3. ^ Holm, Erik; Ng, Serena (2012-05-05). "In Ajit Jain, Some See Next Buffett". The Wall Street Journal. pp. B1–B2. Retrieved 2015-04-05. 
  4. ^ a b c Miles, Robert P. (2001). The Warren Buffett CEO: Secrets from the Berkshire Hathaway Managers. New York: John Wiley & Sons. pp. 69–70. ISBN 0-471-44259-3. 
  5. ^ "Ajit Jain: Berkshire's next Oracle?". Rediff India Abroad. 2009-03-06. Retrieved 2010-05-15. 
  6. ^ Urban, Rob (2006-07-11). "Jain, Buffett Pupil, Boosts Berkshire Cash as Succession Looms". Bloomberg News. Retrieved 2006-07-23. 
  7. ^ "Berkshire Hathaway Shareholder Letter for 2014" (PDF). his successors would not be 'of only moderate ability.' For instance, Ajit Jain and Greg Abel are proven performers 
  8. ^ "Ajit Jain may head Buffett firm". The Asian Age. Press Trust of India (PTI). 2015-03-02. Archived from the original on 2015-04-02. 
  9. ^ Steve Jordon (May 2, 2015). "Meet Ajit Jain, the man in charge of Warren Buffett's profit machine". Omaha World-Herald. Retrieved April 24, 2016. 
  10. ^ a b "It's personal: Big business searches for cures". Fortune. 2011-11-10. Retrieved 2014-07-27. 
  11. ^ "Jain Foundation Steps Up Efforts to Find Cure for Muscular Dystrophy". Genetic Engineering & Biotechnology News. 2013-10-16. Retrieved 2014-07-27. 
  12. ^ a b "Biography of MDCC Members". Muscular Dystrophy Coordinating Committee. NIH. 
  13. ^ Kanagawa, Katie (22 June 2017). "Feature Interview: Dr. Plavi Mittal, Founder & CEO, In-Depth Diagnostics". CEHG blog. 

Further reading[edit]

  • Matthews, Jeff, "Secrets in Plain Sight: Business and Investing Secrets of Warren Buffett," eBooks On Investing, 2012.