Radhakishan Damani

Businessman, Stockbroker, Investor

Indian Bikaner, Rajasthan

Quick Info

ProfessionBusinessman, Stockbroker, Investor
NationalityIndian
Date of Birth15/03/1954
Age72 years
BirthplaceBikaner, Rajasthan

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Bio/Wiki

NicknameMr. White and White
Names EarnedRetail King of India
Famous ForFounding the supermarket chain DMart

Physical Stats & More

Eye ColorBlack
Hair ColorSalt & Pepper (semi-bald)

Educational Qualification(s)

College/UniversityUniversity of Mumbai
Educational QualificationCollege dropout (1st year B.Com.)
EthnicityMarwari
Food HabitVegan

Personal Life

AddressAltamount Road, Mumbai
HobbyTaking a walk on Girgaum Chowpatty

Relationships & More

Marital StatusMarried

Family

WifeShrikantadevi Radhakishan Damani
Children
  • Manjri Damani Chandak
  • Jyoti Kabra
  • Madhu Chandak
Parents
FatherShivkishanji Damani (stockbroker)
MotherName
SiblingsGopikishan Damani (investor)

Career

Assets/Properties
  • a 156-room Radisson Blu Resort in Alibag, Maharashtra
  • a beachfront getaway home close to Mumbai
Net Worth (approx.)$31.5 billion (as of October 2024)
NoteIn October 2024, he and his family were ranked sixth on the Forbes list of Indiaโ€™s 100 richest tycoons

Some Lesser Known Facts

1. Radhakishan Damani is a renowned Indian entrepreneur known as the Retail King of India.
2. He decided to leave college early to pursue his business endeavors.
3. His initial financial venture took place when he was 32 years old.
4. Radhakishan Damani was a member of a trio named 'triple-R' alongside Rakesh Jhunjhunwala.
5. He supported small investors by purchasing their underappreciated shares.
6. RD has invested in companies such as VST Industries, HDFC, and Sundaram Finance.
7. He has successfully anticipated market downturns and global economic crises.
8. In 2002, he established DMart, which has expanded to 216 outlets as of 2020.
9. The IPO for DMart was introduced in March 2017.
10. Radhakishan Damani is recognized for his modest fashion sense, typically seen in white shirts and pants.
11. He was inspired by value investor Chandrakant Sampat and shifted focus to long-term investing in companies like Century Textiles, Indian Cement, and VST Industries.
12. He became the largest individual shareholder of HDFC Bank following its IPO in 1995.
13. He made significant profits through short-selling during the Harshad Mehta scam in 1992.
Information on this page is collected from public sources and may not be 100% accurate. Report an error
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