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Radhakishan Shivkishan Damani is an Indian billionaire businessman and investor, He is the founder and chairman of retail chain Avenue Supermarts Limited. Damani is often referred to as the Retail King of India.
Oct 11, 2023 · Veteran Mumbai investor Radhakishan Damani became India's retail king after the March 2017 IPO of his supermarket chain Avenue Supermart. Damani got into retailing in 2002 with one store in...
- Keep an eye on the long term. Like Warren Buffett, Damani too has been a value investor who would take canny view of the long term. When he turned an entrepreneur, he retained the same approach and built D-Mart without relying on any quick shortcuts.
- Small is big. Damani started small and did not hurry to expand. Low scale gave him a better control of supply chain and allowed him to focus on profitability right from the beginning.
- Value your people. Damani began with buying a franchise of Apna Bazar. That was when he began building personal relations with vendors and suppliers. He values both and they never let him down.
- Buy low, sell cheap. Damani knew what he was doing: offering people consumer products of daily use at heavy discounts. That became his only goal. One of his methods was to pay his suppliers and vendors within days instead of weeks which was the industry norm.
4 days ago · Veteran Mumbai investor Radhakishan Damani became India's retail king after the March 2017 IPO of his supermarket chain Avenue Supermarts. Damani got into retailing in 2002 with one store in...
Nov 15, 2022 · Radhakishan Damani is an Indian investor and entrepreneur, best known as the owner of the Indian retail giant ‘DMart.’ Check out this biography to know about his childhood, personal life, career, and achievements.
The billionaire has a history of active investments in publicly traded Indian companies, according to a Bloomberg Quint report. Cash & Other Assets reflects estimated stock holdings as well ...
Feb 13, 2020 · From Investor to a business tycoon, RK Damani has proved to ace it all. He was the man who founded 'Avenue Supermarkets' in 2000, whose famous supermarket 'DMart' is one of the largest consumer retail supermarket chains in India.
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