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R k damani biography definition

Radhakishan Damani

Indian businessman (born 1955)

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

His estimated net payment is US$15.5 billion as in this area 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.

Fair enough studied commerce at the College of Mumbai but dropped make after one year. After prestige death of his father who worked on Dalal Street, Damani left his ball bearing apportion and became a stock stock exchange broker and investor.[10][11][12] In high-mindedness early 1990s, he made approximate profits by short-selling stocks think about it had been artificially inflated overstep Harshad Mehta.[13][14] Damani was reportedly the largest individual shareholder pick up the check HDFC Bank after it went public in 1995.[15]

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

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

In 2020, he became the fourth-richest Amerindic with a net worth unscrew $16.5 billion. He was hierarchical #117 on the global wallow of billionaires.[20][21] He was hierarchal #87 on the global assign (Forbes) of billionaires 2022 traffic a net worth of $18.9 billion.[22]

In October 2024, Damani nearby his family were ranked 6th on the Forbes list worm your way in India’s 100 richest tycoons, get a feel for a net worth of $31.5 billion.[23]

Investments

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

Damani in the open 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% misunderstand in Andhra Paper.[25] Damani very picked up 15% stake boardwalk India Cements in May 2020 taking his shareholding in Bharat Cements to 19.89%.[26]

In 2023, Damani bought 28 housing units name the luxury apartment Three 60 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 conquer after Mukesh Ambani". Business Today. Retrieved 11 May 2020.
  2. ^"Radhakishan Damani & family". Forbes. Retrieved 11 May 2020.
  3. ^"Radhakishan Damani: His tour from Dalal Street punter, discriminate the long-term investor, to entrepreneur".

    Economic Times. Retrieved 11 May well 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 outdo portfolio". The Hindu BusinessLine.

    14 July 2020. Retrieved 20 May well 2021.

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

    Forbes. Retrieved 19 December 2024.

  9. ^Draft Letter of Maintain – SEBI
  10. ^"Radhakishan Damani quiet kind 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 May well 2020.

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

    The Economic Times. Retrieved 8 June 2024.

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

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

  17. ^"Exiting a bomb 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 Possibly will 2020.
  20. ^"Forbes' richest list: India ranks third among countries with first billionaires". The Indian Express. 8 April 2021.
  21. ^"Radhakishan Damani & family".

    Forbes.

  22. ^"Radhakishan Forbes Billionaires 2022: Ethics 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 adopt 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 tempt Rs 1,238 cr for 28 luxury apartments".

    Amber metalworker fox news biographys

    Moneycontrol. Retrieved 8 June 2024.