Who is Radhakishan Damani? He is a trader, businessman, and investor. Damani is a self-made Indian Entrepreneur, he is the founder of DMART. Radhakrishan Damani is the 2nd richest person in India. Radhakishan Damani has three daughters, form that, Manjri chandak is the Manager of his company dmart. His brother or Sibling GopiKishan and his wife helped him in the promotion of the hypermarket.
Radhakishan Damani Net Worth is around 1,450 crores USD, in July 2020. Damani studied at the University of the Mumbai. he left the college in 1st-year. Radhakrishna Damani Born in 1954, his Age is 66, his Caste is Marwari.
| Radhakishan Damani | bio in short. |
|---|---|
| Nationality | Indian. |
| Date of Birth Age | (Born in 1954) Age: 66 |
| Height | Dont Know. |
| Weight | Dont Know. |
| Caste | Marwari. |
| Sibling Wife Son Daughter | GopiKishan Dont Know. Unknow. He have 3 daughter Manjri chandak |
| Education | University of the Mumbai ( 1st year drop out) |
| Net worth | 1,450 crores USD( in June 2020) |
Starting Point and Achievement of Radhakrishna Damani.
- He used to live in Mumbai in a single room apartment.
- His father used to work on Dalal street.
After the death of his father, he left his business.
- Became a stock market investor and a broker.
- With a small business trader, he started his career.
- By short selling stocks, he made profits.
| Radhakishan Damani Achievements. | |
|---|---|
| Achievements. | Year. |
| Largest individual shareholder of HDFC Bank | 1995 |
| DMART | 2002 |
| 2nd richest, Indian | 2020 |
| Forbes | 2020 |
In 1995, went publicly he reported,
- The largest individual shareholder of HDFC Bank.
- He operated a franchise of Apna Bazaar.
In the year 1999, but was unconvinced by its business model.
- he dropped out of college to start his career
In the year 2000, he quit the stock market and started his own Hypermarket chain.
The first Dmart store was open from the Powai region, in 2002.
In the year 2010,
- the chain had 25 stores the company grew rapidly till 2017.
Radhakishan Damani is the 2nd richest Indian after the Mukesh Ambani.
He has left many big names to acquire the coveted spot like philanthropist shiv Nadar, Industrialist Gautam Adani, Lakshmi Mittal, Banker Uday Kotak.
Damani en- masses a total wealth of $17.9 billion as per the Forbes Real-Time Billionaires
and it’s just behind not only the Indias richest man but Asia’s Richest man Mukesh Ambani has a net worth of $57.9 billion.
Radhakrishna Damani Charity
- He Donated 100 crore to the PM CARES Fund, for the pandemic which is spread in the world.
Through the bright star investment group, he made the contribution
Damani always ready to help no matter what the situation and also donated to many states relief funds.
- His motive is to help public peoples and also to protect our societies.
He also donated money to various organizations and NGOs who are in need.
Damani is not the only the richest person by his net worth but also the richest from the heart.
- His charity work says it all.
Radhakrishna Damani Stock Market Carrer.
As a stockbroker he started his career then he thought to do something big,
So he started trading his own money in the market he had lots of profit by doing this.
- Damani’s strategies were unique and made a profit by using different market swings.
By short selling the stocks he made lots of money during the Harshad Mehta scam,
- later he thought to go through long term investment.
- He was very interested in consumer retails so in the year 2002 he opened the D-MART store in suturban Mumbai.
- In the year 2017 by offering its Dmart IPO it went public under the parent company AVENUE SUPERMART.
- The Dmart was listed on NSE and Bse share market Exchange.
This was a big hit IPO The shares were offered to the public of Avenue Supermarts at a price of 299 and because oversubscription it got listed at RS 604,
- Now the share price of the Avenue supermarts is trading as of 30 April 2020 at RS 2372 per share.
Read more: sabhinfo
The Interesting Fact of Radhakrishna Damani.
Damani barely interacts with the media as he loves to live a simple life he also avoids gatherings. Radhakrishna considers himself as a trader and an investor he loves to live a simple life.
- Mr. White loves to wear a white shirt and trousers.
- Damani avoids public gatherings and also avoids media.
- He recently bought 5 floors in Nariman point worth whopping Rs 134 crore.
-
Radhakishan was in the list of the top 20 Indian Billionaires.
His hard work and dedication towards his work is the main reason for his success.
DMART by Radhakrishna Damani
For Consumer Companies he always had an affinity with experience in similar ventures,
but the experience was in investor but later he quit the stock market business and founded “DMART”.
Official website of https://www.dmart.in
Dmart also office Dmart online.
He bought a franchise of Apna Bazaar with Damodar mall the CEO of Reliance Retail back in the year 1999,
the Mumbai Based organization that was started in the year 1948,
- he later launched the “DMART” in the year 2002, he also took over”Apna Bazaar”.
- D-MART has more than 176 stores across Maharashtra, Gujrat, Andhra Pradesh, Chattisgarh, Rajasthan, Tamil Nadu, Karnataka, National Capital Region, Daman and Diu, and Punjab.
- The total revenue of the Dmart share is Rs 19916 crores at the ending of March 2019.
The success of Dmart follows the three big rules that are its sellers, consumers, and employees now he has become the Retail King.
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That’s all about his success story,
I hope It will motivate each and everyone towards your own success journey in every possible way.
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