Radhakishan Damani is an Indian businessman and billionaire investor. He is known to have established the D Mart. Known to have an investment firm by the name Bright Star Investments Limited. In August 2021 he was presented to be one of the richest people in India.
The investor is said to belong to the state of Mumbai. Damani, is a well known financial investor and tycoon, who was brought up in a Marwari family in a single room condo in Mumbai. He concentrated on trade at the University of Mumbai however he dropped out after completing a year. At first during the 1990s during his beginning phase when he came out as a stock market broker and investor he is said to have made many short-selling profits. It was when gradually he became one of the shareholders of the HDFC bank in the year 1995. Then later around the year 1999, he faceted a franchise of a cooperate department store Apna Bazaar. Soon enough he made his quits from the stock listings and established his chain of DMart in 2002. Leading up to around 234 DMart stores in India. He is the fourth richest Indian, with a total net estimated to be around $16.5 billion making him claim a position of 117 across the globe.He is said to have become India’s retail king in March 2017 IPO, when his supermarket chain Avenue supermarket reflected with great accounts.While his flagship company Dmart has seen tremendous growth over the years is set to have a booming surge of surge $4.3 billion in 2021.
He is said to have stocks in companies like VST industries, cement manufacturers India Cements. Then around 1% stake in Andhra Paper. He also has a 15% stake in Indian cement taking his enlisting in India Cements to 19.89%. Damani holds about 6 stocks in his investment portfolio which conjure to the value of approx Rs 1,02,077cr in 2021. He is also said to own 156-room Radisson Blu Resort in Alibag.
The investor is said to have assets such as home properties worth Rs 1,001-crore. The businessman is said to have paid about 30 crores in stamp duty for the property to the Department of Registration & Stamps, Government of Maharashtra. He is also said to own cars like Audi, BMW and Rolls Royce in his collection
The investor is known for his tremendous works and listings around the nation. He is also said to have taught Rakesh Jhunjhunwala about the stock market. He is a well known and personality in India and has been acknowledged for his work.
Some of the other Indians to make into the list of best 100 most affluent people are Mukesh Ambani, Gautam Adani, Azim Premji, Pallonji Mistry, Shiv Nadar and Lakshmi Mittal.