Radhakishan Damani: Portfolio, Net Worth, Journey

Rather than just having money to invest, being a billionaire needs effort and planning. It is not required to be born into a wealthy family to be able to live a affluent life.

There are countless examples of this remark throughout the world, including Radhakishan Damani, who is well-known in India.

Radhakishan Damani is one of India’s wealthiest and most accomplished individuals. He is regarded as one of India’s top 10 wealthiest people, currently ranking fifth. On the global list of billionaires, he was ranked number 117.

Radhakishan Damani owns a retail store called DMart. There are over two hundred and thirty DMart stores all over India.

Radhakishan Damani – Biography

Source: outlookindia.com

Full Name  Radhakishan S. Damani 
Date of Birth  1st January 1954
Radhakishan Damani  Net Worth > $ 15.4 Billion
Age  67
Place of Birth  Bikaner, Rajasthan, India 
Occupation  Businessman and Investor 
Owns  DMart 
Net Worth  $16.5 billion 
Marital Status  Married 
Children  3

Radhakishan Damani – About

Radhakishan Damani was born in a Marwari household on March 15, 1954, and is currently 67 years old. He spent his childhood and formative years in a Bombay apartment with only the bare requirements of life.

Following his father’s death, his life changed dramatically. His father used to work in Mumbai’s three Dalal Street.

After only a year of college, he dropped out of commerce. Damani used to reside in a single-room apartment in Bombay with few amenities.

Radhakishan Damani began his career with a ball-bearing trading business which he soon left to enter the stock market.

He started his career working for the stock exchange. There, he worked as a stockbroker. He concluded that if he wanted to profit from the market, he needed to invest his own funds.

As a result, he was able to begin his road to becoming one of India’s top investors. After HDFC bank allegedly went public in 1995, Radhakishan Damani was thought to be the largest investor.

RK Damani managed an Apna Bazaar franchise in 1999, but he wasn’t interested in it because he thought the business structure was inconvenient.

Radhakishan Damani made a lot of money in the stock market, but he eventually quit to build his DMart hypermarket network.

In 2002, the first DMart store opened in Powai, Mumbai. By 2010, the grocery business has grown to 25 locations. Soon after, the company began to grow fast and went public in 2017.

When it comes to value, D-Mart is among the top 20 corporations in the country. Today, Maharashtra, Karnataka, Andhra Pradesh, Telangana, Madhya Pradesh, Gujarat, Tamil Nadu, Punjab, Rajasthan, and Chhattisgarh are among the states where DMart is popular.

There are more than 200 supermarket and hypermarket chains across India. RK Damani made a fortune in the stock market.

He was a firm believer in profiting from various market movements and techniques. His success was due to his ability to trade with great flexibility.

Despite being a billionaire, Radhakishan Damani leads a very simple life, rarely giving interviews and avoiding public meetings and media coverage. He also does not consider himself to be particularly well-educated.

RK Damani is said to have taught Rakesh Jhunjhunwala, a famous investor regarded as India’s Warren Buffett, his stock trading tactics and techniques.

Radhakishan Damani  Net Worth

Radhakishan Damani’s net worth is currently estimated to be at $15.4 billion, making him one of the country’s wealthiest persons.

How has Radhakishan Damani’s net worth changed over time?

A statistical analysis of his net worth suggests a significant increase as follows:

March 2017 $2.3 B

March 2018 $10.0 B

March 2019 $11.1 B

April 2020 $13.8 B

Radhakishan Damani Portfolio

The establishment of Radhakishan Damani’s retail store, DMart, was one of his greatest successes.

DMart is a supermarket that may also be classified as a hypermarket chain with locations all over India.

The company’s headquarters are located in Mumbai. DMart is known for having a large and diverse selection of basic things.

DMart supermarkets sell a wide range of utilitarian products, including cosmetics, games, toys, stationery, food, toiletries, clothing, kitchenware, footwear, household appliances, and much more.

Avenue Supermarts Limited (ASL) owns and operates the DMart retail supermarket and hypermarket chain.

Radhakishan Damani developed several more companies, including DMart Premia, Dutch Harbour, D Homes, and others, all of which are owned by Avenue Supermarts Limited (ASL).

The revenue earned by DMart can be rounded off to roughly 24,930 crores INR, which is about US$3.5 billion, based on information generated in 2020.

DMart was created to supply customers with the best products at the best pricing. D-Mart’s popularity stems from the fact that the majority of its products are inexpensive.

This is the primary reason for the company’s success, as cheaper pricing and higher quality brought more customers to DMart.

Radhakishan Damani is known to have a portfolio of more than twenty shares worth roughly Rs. 125,923 crore.

Radhakishan Damani’s investment portfolio includes the following stocks:

Stock/Company* Holding Value* Holding Percentage*
Avenue Supermarts Ltd. 140,646.5 Cr 65.20%
India Cements Ltd. 755.9 Cr 12.70%
VST Industries Ltd. 1,642.7 Cr 30.20%
Trent Ltd. 471.6 Cr 1.50%
United Breweries Ltd. 460.4 Cr 1.20%
Sundaram Finance Ltd. 20.7 Cr
3M India Ltd. 407.7 Cr 1.50%
Blue Dart Express Ltd. 231.6 Cr 1.70%
Metropolis Healthcare Ltd. 230.2 Cr 1.60%
BF Utilities Ltd. 25.6 Cr 1.30%
Sundaram Finance Holdings Ltd. 20.7 Cr
Astra Microwave Products Ltd. 15.7 Cr 1.00%
Mangalam Organics Ltd. 14.7 Cr 2.20%
Andhra Paper Ltd. 12.7 Cr 1.30%
* This may change from time to time.

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