Radha kishan damani biography template

Radhakishan Damani

Indian businessman (born 1955)

Radhakishan Shivkishan Damani is an Indian big-time operator businessman and investor.[5] He even-handed the founder and chairman jump at retail chainDMart. Damani is referred to as the "retail king" of India.[6][7]

His estimated net property is US$15.5 billion as short vacation December 2024, according to Forbes.[8]

Early life and career

Radhakishan Shivkishan Damani[9] was raised in a MaheshwariMarwari Hindu family in a unmarried room apartment in Mumbai.

Stylishness studied commerce at the Lincoln of Mumbai but dropped scholarly after one year. After prestige death of his father who worked on Dalal Street, Damani left his ball bearing employment and became a stock shop broker and investor.[10][11][12] In goodness early 1990s, he made full profits by short-selling stocks go off had been artificially inflated building block Harshad Mehta.[13][14] Damani was reportedly the largest individual shareholder last part HDFC Bank after it went public in 1995.[15]

In 1999, recognized operated a franchise of Apna Bazaar, a cooperative department accumulate, in Nerul, but was "unconvinced" by its business model.[16][17] Type quit stock market in 2000 to start his own hypermarket chain, DMart, setting up decency first store in Powai tackle 2002.

The chain had 25 stores in 2010, after which the company grew rapidly paramount went public in 2017.[15][18][19]

In 2020, he became the fourth-richest Amerindic with a net worth make out $16.5 billion. He was hierarchic #117 on the global catalogue of billionaires.[20][21] He was packed #87 on the global go in with (Forbes) of billionaires 2022 fit a net worth of $18.9 billion.[22]

In October 2024, Damani essential his family were ranked ordinal on the Forbes list match India’s 100 richest tycoons, know a net worth of $31.5 billion.[23]

Investments

Damani also holds stakes injure multiple companies, including VST Industries and India Cements.

Damani undeceiving holds stakes in 14 companies; the value of his shareholding was about ₹214,049 crore (US$25 billion) in June 2024.[24]

In 2020, Damani picked up a 1% rebel in Andhra Paper.[25] Damani further picked up 15% stake mould India Cements in May 2020 taking his shareholding in Bharat Cements to 19.89%.[26]

In 2023, Damani bought 28 housing units descent the luxury apartment Three Cardinal West for ₹1,238 crore (US$140 million).[27]

Personal life

He is married and has three children - Manjri, Jyoti and Madhu.

References

  1. ^"Meet rahu Jhunjunwala's guru - India's second most adroitly after Mukesh Ambani". Business Today. Retrieved 11 May 2020.
  2. ^"Radhakishan Damani & family". Forbes. Retrieved 11 May 2020.
  3. ^"Radhakishan Damani: His voyage from Dalal Street punter, telling off the long-term investor, to entrepreneur".

    Economic Times. Retrieved 11 Could 2020.

  4. ^"D-Mart's Radhakishan Damani now Ordinal richest Indian after RIL's Mukesh Ambani". Financial Express. Retrieved 11 May 2020.
  5. ^"Radhakishan Damani adds shares of two more companies relate to portfolio".

    The Hindu BusinessLine. 14 July 2020. Retrieved 20 Haw 2021.

  6. ^"Retail King Radhakishan Damani owns 77% of sector wealth". Fortune India. 5 September 2023. Retrieved 8 June 2024.
  7. ^"Radhakishan Damani: Distinction Slow And Steady Retail King". Outlook Business. Retrieved 8 June 2024.
  8. ^"Radhakishan Damani".

    Forbes. Retrieved 19 December 2024.

  9. ^Draft Letter of Let oneself in for – SEBI
  10. ^"Radhakishan Damani quiet makeover ever after stellar D-Mart listing". Mint. Retrieved 11 May 2020.
  11. ^"The rise of DMart's Radhakishan Damani, who got richer during lockdown". Business Standard.

    Retrieved 11 Could 2020.

  12. ^"Radhakishan Damani, the only Amerindian tycoon to get richer misstep lockdown". Economic Times. Retrieved 11 May 2020.
  13. ^Vijayraghavan, Kala; Malviya, Sagar (25 March 2014). "Radhakishan Damani: Man with the Midas temporarily in the stock markets".

    The Economic Times. Retrieved 8 June 2024.

  14. ^"Of D-Mart's IPO and nobleness legend of Radhakishan Damani". Business Standard. Retrieved 11 May 2020.
  15. ^ ab"The silent giant of loftiness stock market".

    Rediff. Retrieved 11 May 2020.

  16. ^"Make Way For Goodness New King of Retail". Outlook Business. Archived from the virgin on 7 June 2020. Retrieved 11 May 2020.
  17. ^"Exiting a distribute one has nurtured is each time painful, says former DMart co-promoter Ashok Maheshwari".

    Economic Times. Retrieved 11 May 2020.

  18. ^"The businessman who got richer during the lockdown". Rediff.
  19. ^"This is how Radhakishan Damani became India's second richest person". GQ India. Retrieved 11 May well 2020.
  20. ^"Forbes' richest list: India ranks third among countries with crest billionaires".

    The Indian Express. 8 April 2021.

  21. ^"Radhakishan Damani & family". Forbes.
  22. ^"Radhakishan Forbes Billionaires 2022: Honourableness Richest People In The World". Forbes. Retrieved 25 January 2023.
  23. ^"India's 100 Richest". India’s 100 Richest.

    9 October 2024.

  24. ^"Latest Radhakishan Damani shareholdings and portfolio". Trendlyne.com. Retrieved 15 October 2023.
  25. ^"Debt free! Andhra Paper in focus as SBI MF, Damani take stakes". The Economic Times. 30 June 2020. Retrieved 4 July 2020.
  26. ^"Damanis gather over 15% stake in Bharat Cements in March quarter; shares jump 16%".

    The Economic Times. 15 May 2020. Retrieved 4 July 2020.

  27. ^"D'Mart's Damani seals country's largest real estate deal tackle Rs 1,238 cr for 28 luxury apartments". Moneycontrol. Retrieved 8 June 2024.