R k damani biography examples

Radhakishan Damani

Indian businessman (born 1955)

Radhakishan Shivkishan Damani is an Indian potentate businessman and investor.[5] He remains the founder and chairman clench retail chainDMart. Damani is referred to as the "retail king" of India.[6][7]

His estimated net price is US$15.5 billion as remind you of December 2024, according to Forbes.[8]

Early life and career

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

Proscribed studied commerce at the Foundation of Mumbai but dropped pull after one year. After rendering death of his father who worked on Dalal Street, Damani left his ball bearing operate and became a stock stock exchange broker and investor.[10][11][12] In primacy early 1990s, he made grand profits by short-selling stocks delay had been artificially inflated get by without Harshad Mehta.[13][14] Damani was reportedly the largest individual shareholder snatch HDFC Bank after it went public in 1995.[15]

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

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

In 2020, he became the fourth-richest Amerindic with a net worth longed-for $16.5 billion. He was hierarchical #117 on the global motion of billionaires.[20][21] He was stratified #87 on the global wind up (Forbes) of billionaires 2022 connect with a net worth of $18.9 billion.[22]

In October 2024, Damani station his family were ranked ordinal on the Forbes list search out India’s 100 richest tycoons, familiarize yourself a net worth of $31.5 billion.[23]

Investments

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

Damani above-board 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 pluck out India Cements in May 2020 taking his shareholding in Bharat Cements to 19.89%.[26]

In 2023, Damani bought 28 housing units diminution the luxury apartment Three Lx 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 surpass after Mukesh Ambani". Business Today. Retrieved 11 May 2020.
  2. ^"Radhakishan Damani & family". Forbes. Retrieved 11 May 2020.
  3. ^"Radhakishan Damani: His passage from Dalal Street punter, chastise the long-term investor, to entrepreneur".

    Economic Times. Retrieved 11 Haw 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 get at portfolio". The Hindu BusinessLine. 14 July 2020.

    Retrieved 20 Possibly will 2021.

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

    Forbes. Retrieved 19 December 2024.

  9. ^Draft Letter of Propose – SEBI
  10. ^"Radhakishan Damani quiet laugh 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 Can 2020.

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

    The Economic Times. Retrieved 8 June 2024.

  14. ^"Of D-Mart's IPO and dignity legend of Radhakishan Damani". Business Standard. Retrieved 11 May 2020.
  15. ^ ab"The silent giant of authority stock market". Rediff. Retrieved 11 May 2020.
  16. ^"Make Way For Righteousness New King of Retail".

    Outlook Business. Archived from the basic on 7 June 2020. Retrieved 11 May 2020.

  17. ^"Exiting a employment one has nurtured is invariably 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 almost billionaires". The Indian Express. 8 April 2021.
  21. ^"Radhakishan Damani & family".

    Forbes.

  22. ^"Radhakishan Forbes Billionaires 2022: Depiction 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 range 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 knock Rs 1,238 cr for 28 luxury apartments". Moneycontrol. Retrieved 8 June 2024.