Who Is Radhakishan Damani?
Radhakishan Damani (born: 1954) is an Indian investor and founder of D Mart. He became the second richest person in India after Mukesh Ambani in February 2020 with Rs 1.35 lakh crore. They are also in the limelight by purchasing the most expensive bungalow worth 1000 crores in April 2019.
Radhakishan Damani is a famous investor in India, he made a mark in the stock market in a very short time, today he is a D-Mart company owner and promoter, it is a good stock market investor, stock broker, and also trader. is. They are also called Mr. White and White. Radhakrishnan Damani is currently ranked at number 20 on the Bloomberg Billionaires Index in the list of richest individuals.
Radhakrishnan Damani has three daughters, his wife assists his business and promotes Supermart. His daughter Manjari Chandak is the director of the supermarket, she also has a brother named Gopikishan Damani.
- Name – Radhakrishnan Damani
- Profession – Stock Market Investor
- Founder of D Mart
- Radhakishan Damani net worth of over $ 15.5 Billion
- 1.27 lakh crores.
Education of Damani
Radhakrishnan Damani has graduated in commerce from Bombay University, it is said that he left his studies in the middle. He has a good knowledge of Hindi and English. He gave importance to the world of new ideas and business more than studies and showed the world by becoming a successful businessman. Today their wealth is more than one lakh crore.
Radhakrishnan Damani is an introverted person, he speaks very little, believes in hearing more Damani. He holds shares in several companies. He became the most recognized after the opening of D-Mart, he achieved so much success in this business, which no one can think of, his business runs all over India today and with time he became an Rich man.
Radhakishan Damani personal life
Radhakrishnan Damani is a very introverted personality. They believe in speaking less and listening more. Damani has made his place at the 98th number in the Forbes list of the world’s richest 500. The share of his wife and his brother in his company is about 82.2%, whose market value is up to Rs 33123 thousand crores. Suddenly their share prices jumped, they have left behind even rich businessmen like Anil Ambani in terms of richness. He does not broadcast himself much in the media or anywhere else, he believes more in his work.
Radhakishan Damani career
Radha Krishnan Damani started her career with the business of force bearing. After his father’s death, at the behest of his brother, despite his desire not to enter the stock market, he got into the business of stock broking with his brother. He was 32 at the time. He had no knowledge about stocks, he took inspiration from the actions of investor Chandrakant Sampath and went to try his luck completely in the stock market market. RK’s initial punches did not seem to go well, his strategy was very general. He wanted to see his products growing for the first 5 to 10 years, and decided to gradually expand his product capacity. Then in the next few years, his business started coming out in Dalal Street and like other people, he never got successful after succeeding in them.
In the 80s and 9O’s, RK was looking for his future. Regarding him, Harshad Mehta has said that RK is the most valuable investor in the stock market. In the stock market, it seems that there are two hats, one is the trader who is trying, and the other is Radhakrishnan Damani. There was a time when he established himself as a major investor in the stock market market, and invested his investment in many ways in the market.
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Radhakishan Damani D mart
D-Mart has become the identity of Radhakrishnan Damani, it is the result of his thought and effort. This is another new series of Avenue Supermart, D Mart which was established in Mumbai by RK Damani. It is most known because it provides all the household products that run a woman, male family at one place under one roof easily. Everything from home use, foodstuffs, clothes, kitchenware, cosmetics, toys and games for children’s needs, stationery, shoes, bed and bath linens are easily found in D Mart’s stores , And it is available with full quality as it is found cheaper than the shops. Keeping the customers in mind, this company makes all its small big decisions.
The parent company of The Mart is Avenue Super Mart, in which they have a 52% stake. Along with this, his investment in Bright Star Investment Company is 16%. Damani founded his company D Mart in 2002 and set up his first store in Navi Mumbai. Presently, the sudden jump in his profits has made him famous and this trend is going on continuously. This company has stores in total 9 states of India. Which includes Gujarat, Andhra Pradesh, Telangana, Madhya Pradesh, Maharashtra and Karnataka. Apart from this, the company also has a store in a union territory.
Radhakishan Damani achievement
It is his biggest achievement to earn 6100 crores in two days as a good strategy in his stock market. He has increased his company’s profits by 2.5 times.
The policy adopted to run Radha Krishnan Damani’s company D Mart
D Mart adopted a policy of attracting people to their products by giving them discounts and also gave discounts on many brands of products. People like D Mart more because they get all the material of their needs from one place. People are saved from wandering unnecessarily. D Mart is making its way into the market in three variants, including the hypermarket that extends from 30000 to 35000 square feet, in addition to the express format it extends from 7000 to 10,000 square feet, the super center which is Spreads over 1 lakh square feet, etc. are also included. The goal of D Mart Company is to attract the middle class family, so that the sales can be increased more.
There are basically three things that have been kept in mind to make the D Mart company a success, one is the customer, the second is the seller and the third is the employee. Radhakrishnan Damani is a man who believes in a slow and far-reaching policy. Therefore, he takes very good care of these three basic things, which is also very important for a businessman.