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Avenue Supermarts Limited, d/b/a DMart, is an Indian retail corporation that operates a chain of supermarkets and hypermarkets. The company was founded by Radhakishan Damani and is based in Mumbai .
He is the founder and chairman of retail chain DMart. Damani is referred to as the "retail king" of India. [6] [7] His estimated net worth is US$23.7 billion as of August 2024, according to the Bloomberg Billionaires Index, and $22 billion according to Forbes. [8] [9]
- Radhakishan Damani - Personal Life
- Radhakishan Damani - Education
- Radhakishan Damani - Professional Life
- Radhakishan Damani - Stock Broker
- Radhakishan Damani V/S Harshad Mehta
- Radhakishan Damani - Founder of Dmart
- Radhakishan Damani - Bright Star Investments Private Limited
- Radhakishan Damani - Investments
- Radhakishan Damani - FAQs
Radhakishan was born to a Marwari family and lives in Mumbai, Maharashtra, India. His father, Shivkishanji Damani worked as a broker in Dalal Street, which is an address of the Bombay Stock exchange. He also took interest in stock brokerage. His wife and his brother assists him in his business errands. He has three daughters, one among them, Manjri...
Radhakishan studied Bachelor of Commerce from the University of Bombay. After one year, he dropped out from the college to start his own business.
Radhakishan initially worked for his ball bearing production business. He then worked as a stock broker and an investor. He had made investments in several companies, holding a substantial stake in those firms. He established the chain of hypermarkets in India called DMart in 2002, and the company rapidly grew and today, it has a strong audience ba...
After the death of his father, he became a stock market broker and an investor.He made profits by short-selling stocks that were inflated by illegal means by the Indian stockbroker, Harshad Mehta in 1990s. In 1995, he individually became the largest shareholder of HDFC Bank after it went public. After the famous Harshad Mehta Scamcame into highligh...
Radhakishan combated Harshad Mehta, one of the most powerful trader of Dalal Street of that time. There was a dark phase in the Indian stock market from the late 1980s to the early 1990s. Radhakishan made a group with two of his friends and named it the triple-R's. Harshad and the triple R's invested in an Indian company called Apollo Tyres. They b...
In 2002, Radhakishan established the first store of DMart in Powai, Mumbai. By 2010, the company already had 25 stores and the company elevated to new heights after it went public in 2017. As of 2020, it has214 DMart storesacross India. The company became public after theIPO listing as Avenue Supermarkets Limited.It eventually made a record opening...
Radhakishan was appointed as the Director of Bright Star Investments Private Limited on 15 March, 1996. The company was incorporated on 20 September 1989, based in Mumbai. It is classified as a private firm and operates as a financial service firm. The company is basically a service provider that provides investment, equity, commodities, mutual fun...
Radhakishan holds a stake in a substantial range of companies, including the tobacco firm VST Industries to the cement producer company India Cements. He holds a 1% stake in Andhra Paper. He also has 15% stake inIndia Cements and it increased to 19.89% in May 2020. His investment portfolio displayed 10 stocks with the total value of $10.05 billion ...
Who is Radhakishan Damani?
Radhakishan Damaniis an Indian businessman who is known for establishing DMart. He is an active Investor and manages his portfolio through his investment firm, Bright Star Limited.
Who is the founder of DMart?
Radhakishan Damani is the founder of the DMart.
What is the net worth of Radhakishan Damani?
The Radhakishan Damani net worth is $18.9 billion as of 2021 according the Forbes.
- 67 (2021)
- January 1954
- Bikaner, Rajasthan, India
- Indian
Apr 3, 2017 · It’s all come full circle for a man who started DMart in 2002 out of a store in Powai. Industry watchers say that, in the initial years, Damani would visit wholesalers and work on striking long...
Oct 6, 2021 · D-Mart Owner RK Damani Success Story: Radha Kishan Damani or RK Damani is a Mumbai based billionaire investor, businessman, and owner of the mega-retail chain stores “D-Mart” in India. The veteran investor Rakesh Jhunjhunwala considers him as his guru (mentor) in the Indian share market. Here are some interesting facts about RK Damani.
Mar 21, 2017 · NEW DELHI: Radhakishan Damani, the 61-year-old founder and promoter of retail chain D-Mart, was a legendary investor and share trader before he became a legendery entrepreneur. The stunning success of D-Mart is credited entirely to Damani.
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Oct 2, 2023 · As the founder and owner of DMart, Radhakishan Damani has reshaped the retail industry with his savvy business strategies and unwavering dedication to customer satisfaction, all while delivering quality products at affordable prices.
