Radhakishan Damani Bio – The Retail King of India

Introduction

There are many people in this world who have made very huge fortunes for themselves. The billionaires have a different level of wealth in their name. Radhakishan Damani is indeed among the most prominent, influential and rich billionaires in the whole world. Specifically, Radhakishan is an Indian billionaire. He is considered to be a very inspirational businessman from the Indian entrepreneur environment. At the same time, he is also well recognized as an investor and stockbroker. The most popularity he earned throughout his journey is for establishing the successfully supermarket chain named DMart. For all the curious souls out there who desire to know more about Radhakishan, staying tuned would be good idea. This is a detailed biography blog covering different aspects of his life as well as professional journey.

Radhakishan Damani Biography – Who is he? & His professional journey

Radhakishan is indeed a very prominent individual because of the immense amount of wealth he has accumulated in his lifetime. Evidently, his official/full name is known to be Radhakishan Shivkishan Damani. According to sources, he was born on 12^th of July 1955. Accordingly, he is 69 years old as of now. His birthplace is known to be located in Bikaner, Rajasthan, India. However, he currently lives in Mumbai, Maharashtra, India. Professionally, he is an investor, stock broker and primarily a businessman. Additionally, he is also the founder as well as the Chairman of DMart. By establishing this supermarket chain he has earned the title of ‘The Retail King of India’. He is certainly one of the richest in India and one of the Top 100 billionaires of the world.

 Radhakishan Damani – Overview and personal details

Radhakishan Damani – Early life and education

As has been noted, the name given to him at birth is Radhakishan Shivkishan Damani. His birth happened in Bikaner of Rajasthan, India. He was raised by a Maheshwari Marwari Hindu family. He got raised in a single room apartment located Mumbai, Maharashtra, India. As for his education, he completed his schooling from a local institution. Thereafter, he went on to pursue his higher studies. Specifically, he got enrolled in a B Com course. And, he was attending the University of Mumbai for the same. However, he dropped out of there after 1 year and never went back to college education.

Radhakishan Damani – Career

Initially, he started with a ball bearing business. But he left that business after the unfortunate demise of his father. Thereafter, he went to become a professional investor and stock market broker. According to sources, back in the decade of 1990s Radhakishan earned a lot of profits as a stock broker. Specifically, he did so by short selling a variety of stocks which got inflated by Harshad Mehta in an unorthodox manner. moreover, back in the year 1995 when HDFC bank became public, Radhakishan was the largest individual shareholder. In 1999 he started operating a franchise store of Apna Bazzar. But, he was never satisfied with their business model. In 2000, he went on to start his own supermarket chain i.e., DMart. And, this business endeavour is a huge success. In 2002, the first store was established in Powai.

Radhakishan Damani Portfolio

Many people look up to him and get inspiration. At the same time, he has a lot of knowledge in regards to the stock market. That is why Radhakishan Damani Portfolio of investments is looked after by many individuals. Without a doubt, it is a very influential and investment portfolio which can be very informative once analysed. Hence, you can make well informed decisions with the help of his portfolio insights. His portfolio definitely includes a wide variety of holdings. Indeed, all of these major holdings of his portfolio are in successful Indian conglomerates and companies. Various credible sources showcase his most prominent investments are in Avenue Supermarts, VST Industries, India Cements, Sundram Fasteners, and Varun Beverages. He is indeed one of the pioneers of India having a good reputation as an investor. Surely, people follow his portfolio because of his strategic and value investing.

Radhakishan Damani – Physical statistics and appearance

Radhakishan Damani – Family and love life

The name of his father is Shivkishanji Damany who is also professionally a stock broker. In contrast, his mother’s identity is unknown. Evidently, he also has a brother who is named Gopikishan Damany. His brother is also an investore. As has been noted, he is a married man. The name of his wife is Shrikantadevi Radhakishan Damani. Radhakishan and Shrikantadevi have a total of three daughters together. The names of their daughters are Manjri Damani Chandak, Jyoti Kabra and Madhu Chandak respectively.

Radhakishan Damani Net Worth

According to the latest data, his net worth is estimated to be more than USD 20.3 billion as of 2024. Radhakishan Damani net worth in rupees is INR 207 crores. Radhakishan Damani house assets also need to be considered. Surely, he owns many houses and properties. However, the most prominent ones include the Radisson Blu Resort in Alibag, Maharashtra and a beachfront getaway home near Mumbai. He also owns a huge collection of vintage and supercars. Surely, he has a very huge fortune and can buy almost anything that he desires.

Social media handles

Instagram – Unknown

Twitter – Unknown

Facebook – Unknown

Conclusion

Surely, he is one of the most influential personalities to exist where businessmen and investors are concerned. Throughout his life he has a had a lot of influence over so many aspects. Indeed, he also revolutionised the supermarket scene by establishing his DMart chain. On the other hand, his investment portfolio and insights has also changed many lives. In conclusion, he is an individual who deserves as much respect and praise that can come his way.

Trivia

• He opened the first ever store of DMart back in the year 2002.
• Avenue Supermarkets i.e., the parent company of DMart went public in 2017.
• The first time he invested in stock market was back in 1980s.
• He is very fond of taking walks across different scenes.
• Radhakishan is a vegan indeed.
• His ethnicity is Marwari.
• Lastly, he is regarded as the Retail King of India.

FAQs

Q – Where was he born?

Bikaner, Rajasthan, India.

Q – Where does he live?

Mumbai, Maharashtra, India.

Q – What is the name of his father?

Shivkishanji Damani