Full Name: Radhakishan Shivkishan Damani
Father: Shivkishanji Damani
Date of Birth (DOB): 1954
Age: Around 70 years (as of 2024)
Place of Birth: Bikaner, Rajasthan, India
Net Worth: Approximately $23 billion (as of 2024, fluctuates with stock market changes)
Family Members: 5
Children: Manjri Chandak (Daughter)
Spouse: Shrikantadevi
We will tell the tale of Mumbai-based investor and businessman Radhakishan Damani in this success article. The self-made millionaire owns Dmart, the third-biggest network of mega-retail stores in the nation. Chandrakant Sampat, a first-generation investor, is regarded by Radhakishan Damani as his mentor. He asserts that Sampat taught him how to handle dangerous business circumstances. He began his professional life as a company trader, but after his father passed away, a financial difficulty at home prompted him to turn to stock market investing. Radhakishan spent some of his early years on the stock market observing and speculating. He paid great attention to the stock market tactics employed by the Manu Manek, one of the most feared market participants at the time, during this phase. It was only after he defeated the notorious Indian stockbroker Harshad Mehta that Radhakishan was able to establish himself in the industry. Radhakishan became one of the nation’s top stock market investors in the late 1980s and early 1990s after making significant investments in multinational businesses. After making large investments in global corporations, Radhakishan rose to prominence as one of the country’s leading stock market investors in the late 1980s and early 1990s. Among the top-performing equities in his portfolio are “Blue Dart,” “India Cements,” “Sundaram Finance,” and “VST Industries.”
Early Life and Education
Radhakishan was born into an Indian Marwari family in 1954. Shivkishanji, his father, worked in the stock market as well.
Radhakishan left the “University of Mumbai,” where he was pursuing a B.Com., to begin his commercial career.
Radhakishan Damani Career
Radhakishan began his professional life as a ball bearing merchant. He wasn’t interested in the stock market at the time. Furthermore, he entered the stock market as a result of his father’s premature passing.
After closing his company, Radhakishan joined his brother, who was already a stockbroker. At that time, Radhakishan was in his late 20s and lacked any real-world experience in the industry. Furthermore, Radhakishan Damani started by watching and learning how the stock market operated. At the age of 32, he started to speculate and made his first stock market investment.
Radhakishan Damani’s understanding of the stock market was enhanced by his observation of Manu Manek, the notorious market operator who dominated “Dalal Street” in the 1980s.
A thorough analysis of the Manel’s operating tactics was conducted by Radhakishan Damani. His practical use of Manek techniques required several years. Later, this assisted him in defeating Harshad Mehta, the mastermind of the 1992 securities fraud, regarded as one of the largest in Indian stock market history.
Radhakishan Damani – Awards & Achievements
Despite his reputation for keeping a quiet profile, Radhakishan Damani has gained a great deal of acclaim for his contributions to the Indian stock and retail markets as well as his economic success. Here are a few of his major accomplishments:
Achievements:
- Founder of DMart (Avenue Supermarts) – Established in 2002, DMart has grown into one of India’s largest and most successful retail chains, competing with global giants like Walmart and Reliance Retail.
- Stock Market Guru – Before entering the retail sector, he was a highly successful investor and mentor to many traders, including India’s top investor, Rakesh Jhunjhunwala.
- One of India’s Richest Individuals – Regularly featured on Forbes’ India’s Richest list, his net worth has consistently placed him among the top 10 richest people in India. As of 2024, his estimated net worth is around $23 billion.
- Successful DMart IPO (2017) – The IPO of Avenue Supermarts was one of the most successful in Indian stock market history, with shares surging over 100% on listing day.
- DMart’s Market Capitalization – Under his leadership, DMart’s market cap crossed ₹3 lakh crore ($36+ billion), making it one of India’s most valuable retail companies.
- Real Estate Investments – Apart from DMart and stock market success, he has made significant investments in real estate, including buying a large property in South Mumbai.
Awards & Recognition:
- While Radhakishan Damani has not publicly received many formal awards (due to his private nature), his business success and financial influence have earned him widespread respect in the corporate world.
- He has been acknowledged by Forbes, Bloomberg, and Business Today as one of India’s most powerful and influential business leaders.
