Radhakishan Damani is a billionaire investor among the country’s 10 wealthiest people and has moved to 8th place according to Forbes India Rich List 2020. He also emerged as the biggest gainer on this list with his wealth swelling by 700% to Rs 50,700 crore in 2019.
Damani founded the supermarket chain D-Mart in 2002. He also owns a significant stake in Avenue Supermarts (D-Mart’s owner) through his investment firm Bright Star Investments.
Damani is an avid investor and has stakes in companies such as GATI, VST Industries, Vardhman Textiles, National Peroxide, and Kansai Nerolac Paints, among others.’
Who is Radhakishan Damani?
In Bikaner, Rajasthan, on March 15, 1954, Radhakishan Damani was born to a Marwari family. Radhakishan Damani is one of the country’s few self-made billionaires.
His upbringing naturally gave him a preference for business in general. RK Damani left his Bachelor of Commerce (Bcom) programme at the “University of Mumbai” in the middle of it in order to launch his first stockbroking firm.
The wealthy investor, entrepreneur, and creator of the massive retail chain “D-Mart” in India, Radhakishan Damani, is located in Mumbai. Radhakishan is regarded as the supreme authority in Damani retail.
|Father’s Name:||Late Shivkishan Damani|
|Spouse:||Shrikantadevi Radhakishan Damani|
|Children:||Manjri Chandak, Madhu Chandak, Jyoti Kabra|
|Education:||University of Mumbai|
Stock Market Career
Radhakishan Damani immediately realized that, despite beginning his job as a stockbroker, he needed to invest and trade his own money in the stock market. in order to make money from the market. And shortly after, he began trading stocks on the Indian stock exchange.
His stock trading activities resulted in enormous earnings for him. RK Damani thought it was possible to profit from various market gyrations. He was an extremely adaptable dealer.
RK Damani invests in multi-bagger stocks and makes a nice profit. Century Textiles, Indian Cement, VST Industries, TV Today Network, Blue Dart, Sundaram Finance, 3M India, Jubilant FoodWorks, etc. are a few of his portfolio’s top-performing stocks.
After the passing of his father, RK Damani launched his stockbroking firm at the age of 32.
Every entrepreneur’s success story is frequently attributed to a mentor’s advice. Chandrakant Sampat, a first-generation investor, serves as Radhakishan Shivkishan Damani’s mentor and counselor.
The former claims that Chandrakant Sampat taught him how to handle dangerous business circumstances.
Radhakishan Damani also used a few of his early years working in the stock market for straightforward speculating and observation. During this time, the self-made billionaire carefully followed the strategies employed by Manu Manek, one of the most successful market operators of the time.
Stocks Owned By Radhakishan Damani
|S.No||Company||MAR 2022 %||JUNE 2022 %||SEP 2022 %||VALUE Cr.|
|1||3M India Ltd.||1.48||1.48||–||0|
|2||Andhra Paper Ltd.||1.26||1.26||–||0|
|4||Astra Microwave Products Ltd.||1.03||1.03||1.03||25.03|
|5||Avenue Supermarts Ltd.||74.98||67.53||57.97||144291.63|
|6||BF Utilities Ltd.||1.28||1.28||1.28||19.21|
|7||Blue Dart Express Ltd.||1.40||1.40||1.40||254.97|
|8||Mangalam Organic Ltd.||2.17||2.17||2.17||9.28|
|9||Metropolis Healthcare Ltd.||1.14||1.05||1.07||72.89|
|10||Sundaram Finance Holdings Ltd.||–||–||1.88||38.27|
|11||Sundaram Finance Ltd.||2.37||–||–||0|
|12||The India Cement Ltd.||20.82||20.79||20.79||1402.59|
|14||United Breweries Ltd.||1.21||1.23||–||0|
|15||VST Industries Ltd.||32.4||6.39||27.58||1380.62|