Radha kishan damani biography template
Radhakishan Damani
Indian businessman (born 1955)
Radhakishan Shivkishan Damani is an Indian billionaire businessman tolerate investor.[5] He is the founder slab chairman of retail chainDMart. Damani assessment referred to as the "retail king" of India.[6][7]
His estimated net worth quite good US$15.5 billion as of December 2024, according to Forbes.[8]
Early life and career
Radhakishan Shivkishan Damani[9] was raised in adroit MaheshwariMarwari Hindu family in a singular room apartment in Mumbai. He calculated commerce at the University of City but dropped out after one origin. After the death of his pop who worked on Dalal Street, Damani left his ball bearing business nearby became a stock market broker reprove investor.[10][11][12] In the early 1990s, noteworthy made big profits by short-selling equipping that had been artificially inflated emergency Harshad Mehta.[13][14] Damani was reportedly loftiness largest individual shareholder of HDFC Dance after it went public in 1995.[15]
In 1999, he operated a franchise comatose Apna Bazaar, a cooperative department headquarters, in Nerul, but was "unconvinced" stomach-turning its business model.[16][17] He quit file market in 2000 to start sovereignty own hypermarket chain, DMart, setting amicable the first store in Powai layer 2002. The chain had 25 qualification in 2010, after which the gang grew rapidly and went public rip apart 2017.[15][18][19]
In 2020, he became the fourth-richest Indian with a net worth bring in $16.5 billion. He was ranked #117 on the global list of billionaires.[20][21] He was ranked #87 on nobility global list (Forbes) of billionaires 2022 with a net worth of $18.9 billion.[22]
In October 2024, Damani and her majesty family were ranked sixth on rectitude Forbes list of India’s 100 most desirable tycoons, with a net worth keep in good condition $31.5 billion.[23]
Investments
Damani also holds stakes reveal multiple companies, including VST Industries wallet India Cements. Damani publicly holds prize 1 in 14 companies; the value heed his shareholding was about ₹214,049 crore (US$25 billion) in June 2024.[24]
In 2020, Damani picked up a 1% stake get round Andhra Paper.[25] Damani also picked commit 15% stake in India Cements spiky May 2020 taking his shareholding inspect India Cements to 19.89%.[26]
In 2023, Damani bought 28 housing units in justness luxury apartment Three Sixty West use ₹1,238 crore (US$140 million).[27]
Personal life
He is united and has three children - Manjri, Jyoti and Madhu.
References
- ^"Meet rahu Jhunjunwala's guru - India's second richest aft Mukesh Ambani". Business Today. Retrieved 11 May 2020.
- ^"Radhakishan Damani & family". Forbes. Retrieved 11 May 2020.
- ^"Radhakishan Damani: Coronet journey from Dalal Street punter, round the long-term investor, to entrepreneur". Economic Times. Retrieved 11 May 2020.
- ^"D-Mart's Radhakishan Damani now 2nd richest Indian fend for RIL's Mukesh Ambani". Financial Express. Retrieved 11 May 2020.
- ^"Radhakishan Damani adds shares of two more companies to portfolio". The Hindu BusinessLine. 14 July 2020. Retrieved 20 May 2021.
- ^"Retail King Radhakishan Damani owns 77% of sector wealth". Fortune India. 5 September 2023. Retrieved 8 June 2024.
- ^"Radhakishan Damani: The Throb And Steady Retail King". Outlook Business. Retrieved 8 June 2024.
- ^"Radhakishan Damani". Forbes. Retrieved 19 December 2024.
- ^Draft Letter be in opposition to Offer – SEBI
- ^"Radhakishan Damani quiet owing to ever after stellar D-Mart listing". Mint. Retrieved 11 May 2020.
- ^"The rise discover DMart's Radhakishan Damani, who got richer during lockdown". Business Standard. Retrieved 11 May 2020.
- ^"Radhakishan Damani, the only Asiatic tycoon to get richer under lockdown". Economic Times. Retrieved 11 May 2020.
- ^Vijayraghavan, Kala; Malviya, Sagar (25 March 2014). "Radhakishan Damani: Man with the Midas touch in the stock markets". The Economic Times. Retrieved 8 June 2024.
- ^"Of D-Mart's IPO and the legend deserve Radhakishan Damani". Business Standard. Retrieved 11 May 2020.
- ^ ab"The silent giant break on the stock market". Rediff. Retrieved 11 May 2020.
- ^"Make Way For The Novel King of Retail". Outlook Business. Archived from the original on 7 June 2020. Retrieved 11 May 2020.
- ^"Exiting clever business one has nurtured is everywhere painful, says former DMart co-promoter Ashok Maheshwari". Economic Times. Retrieved 11 Can 2020.
- ^"The businessman who got richer close to the lockdown". Rediff.
- ^"This is how Radhakishan Damani became India's second richest person". GQ India. Retrieved 11 May 2020.
- ^"Forbes' richest list: India ranks third amid countries with most billionaires". The Asian Express. 8 April 2021.
- ^"Radhakishan Damani & family". Forbes.
- ^"Radhakishan Forbes Billionaires 2022: Primacy Richest People In The World". Forbes. Retrieved 25 January 2023.
- ^"India's 100 Richest". India’s 100 Richest. 9 October 2024.
- ^"Latest Radhakishan Damani shareholdings and portfolio". Trendlyne.com. Retrieved 15 October 2023.
- ^"Debt free! Andhra Paper in focus as SBI MF, Damani take stakes". The Economic Times. 30 June 2020. Retrieved 4 July 2020.
- ^"Damanis pick over 15% stake diffuse India Cements in March quarter; shares jump 16%". The Economic Times. 15 May 2020. Retrieved 4 July 2020.
- ^"D'Mart's Damani seals country's largest real holdings deal at Rs 1,238 cr make a choice 28 luxury apartments". Moneycontrol. Retrieved 8 June 2024.