About Radhakishan Damani
Have you heard about Radhakishan Damani? Indian business magnate and billionaire investor Radhakishan Damani is the founder of Avenue Supermarts Limited, which manages the well-known Indian supermarket chain DMart. Indian business magnate and billionaire investor Radhakishan Damani is the founder of Avenue Supermarts Limited, which manages the well-known Indian supermarket chain DMart. In a small village in the Indian state of Gujarat, he was born in 1954.
Damani established Avenue Supermarts Limited in 2002, and the company has since grown to become one of India’s largest retail chains. The organisation’s lead image, DMart, offers many items at cutthroat costs and has turned into number one among Indian purchasers. Under Damani’s administration, Road Supermarts has seen great development and extension, opening up to the world in 2017 and becoming one of the most significant corporate stores in India. Damani is one of India’s wealthiest individuals, with an estimated net worth of $19 billion in 2021.
Radhakishan Damani Education
Radhakishan Damani, the founder of Avenue Supermarts Limited, was born on January 8, 1954, in a Marwari family in Bikaner, Rajasthan, India. He grew up in a modest household and faced financial challenges from a young age. After completing his schooling, Damani moved to Chennai to pursue a degree in Commerce from the University of Madras. During his college years, he began investing in the stock market and quickly developed a passion for it.
Radhakishan Damani Family
Damani’s first job after college was at his family’s ball-bearing business in Mumbai. However, he found the work unfulfilling and decided to pursue his interest in the stock market full-time. He started off as a stockbroker and eventually founded his own brokerage firm, D-Mart Financial Services, in 1992. In 2000, Damani founded Avenue Supermarts Limited, the company that operates the popular D-Mart retail chain in India. The first D-Mart store was opened in Powai, Mumbai, and the company has since expanded to over 200 stores in more than 75 cities across India.
As the founder of Avenue Supermarts Limited, Radhakishan Damani is also a well-known investor with stakes in various companies. Among these are VST Industries, a tobacco firm, and India Cements, a producer of cement. In 2020, Damani increased his investment in India Cements to 19.89% after acquiring a 15% stake in May of that year. He has also acquired a 1% stake in Andhra Paper. Damani has publicly disclosed holdings in six stocks, with a total value of approximately ₹102,077 crores as of 2021.
Radhakishan Damani Facts
Also with his investments in the stock market, Radhakishan Damani is also a major player in the Indian real estate market. He has significant holdings in Mumbai’s prime real estate areas such as Lower Parel and Worli.
Radhakishan Damani is known for his expertise in the stock market. He is often referred to as “Mr. White and White” due to the fact that he is wearing only white shirts and white trousers. He is also known for his disciplined investment approach and his ability to pick winning stocks.
Radhakishan Damani Net Worth
Today, Damani is one of the most successful investors and businessmen in India and his net worth is around $27.6 billion, as of 2023. Even with his success, Damani has remained grounded and focused on his work.
Personal Information
| Full Name | Radhakishan Shivkishan Damani |
| Father’s Name | Shivkishan Damani |
| Mother’s Name | Not Mention |
| Siblings | Gopikishan Shivkishan Damani |
| Date Of Birth | 12 July 1955 |
| Age | 68 Years |
| Birth Place | Bikaner, Rajasthan, India |
| Height | 5’ 3” |
| Education | College Dropped out |
| Net Worth | $27.6 Billion |
| Profession | Businessman |
| Relationship Status | Married |
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