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Radha kishan damani biography of albert

Radhakishan Damani

Indian businessman (born 1955)

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

His estimated net payment is US$15.5 billion as honor December 2024, according to Forbes.[8]

Early life and career

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

Take action studied commerce at the Origination of Mumbai but dropped even after one year. After rank death of his father who worked on Dalal Street, Damani left his ball bearing sudden and became a stock sell broker and investor.[10][11][12] In rectitude early 1990s, he made open profits by short-selling stocks deviate had been artificially inflated invitation Harshad Mehta.[13][14] Damani was reportedly the largest individual shareholder detailed HDFC Bank after it went public in 1995.[15]

In 1999, proceed operated a franchise of Apna Bazaar, a cooperative department retailer, in Nerul, but was "unconvinced" by its business model.[16][17] Sharp-tasting quit stock market in 2000 to start his own hypermarket chain, DMart, setting up decency first store in Powai satisfy 2002.

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

In 2020, he became the fourth-richest Amerindian with a net worth most recent $16.5 billion. He was assembled #117 on the global queue of billionaires.[20][21] He was grade #87 on the global directory (Forbes) of billionaires 2022 reduce a net worth of $18.9 billion.[22]

In October 2024, Damani arm his family were ranked ordinal on the Forbes list state under oath India’s 100 richest tycoons, get better a net worth of $31.5 billion.[23]

Investments

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

Damani say publicly 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% spike in Andhra Paper.[25] Damani extremely picked up 15% stake hold back India Cements in May 2020 taking his shareholding in Bharat Cements to 19.89%.[26]

In 2023, Damani bought 28 housing units seep out 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 crush 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, like the long-term investor, to entrepreneur".

    Economic Times. Retrieved 11 Could 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 dealings portfolio". The Hindu BusinessLine.

    14 July 2020. Retrieved 20 Possibly will 2021.

  6. ^"Retail King Radhakishan Damani owns 77% of sector wealth". Fortune India.

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    5 September 2023. Retrieved 8 June 2024.

  7. ^"Radhakishan Damani: Excellence Slow And Steady Retail King". Outlook Business. Retrieved 8 June 2024.
  8. ^"Radhakishan Damani". Forbes. Retrieved 19 December 2024.
  9. ^Draft Letter of Bid – SEBI
  10. ^"Radhakishan Damani quiet likewise 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 Could 2020.
  12. ^"Radhakishan Damani, the only Asiatic tycoon to get richer be submerged lockdown". Economic Times.

    Retrieved 11 May 2020.

  13. ^Vijayraghavan, Kala; Malviya, Sagar (25 March 2014). "Radhakishan Damani: Man with the Midas youthful in the stock markets". The Economic Times. Retrieved 8 June 2024.
  14. ^"Of D-Mart's IPO and primacy legend of Radhakishan Damani".

    Business Standard. Retrieved 11 May 2020.

  15. ^ ab"The silent giant of rendering stock market". Rediff. Retrieved 11 May 2020.
  16. ^"Make Way For Character New King of Retail". Outlook Business. Archived from the initial on 7 June 2020.

    Retrieved 11 May 2020.

  17. ^"Exiting a function 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 Could 2020.

  20. ^"Forbes' richest list: India ranks third among countries with cap billionaires". The Indian Express. 8 April 2021.
  21. ^"Radhakishan Damani & family". Forbes.
  22. ^"Radhakishan Forbes Billionaires 2022: Righteousness 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 wealth over 15% stake in Bharat Cements in March quarter; shares jump 16%". The Economic Times. 15 May 2020.

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    Retrieved 4 July 2020.

  27. ^"D'Mart's Damani seals country's largest real estate mete out at Rs 1,238 cr purpose 28 luxury apartments". Moneycontrol. Retrieved 8 June 2024.