Quick Info
| Profession | Businessman, Stockbroker, Investor |
|---|---|
| Nationality | Indian |
| Date of Birth | 12/07/1955 |
| Age | 71 years |
| Birthplace | Bikaner, Rajasthan |
| Zodiac Sign | Cancer |
Latest News about Radhakishan Damani
01/01/2025
Radhakishan Damani's company Derive Trading and Resorts Pvt. Ltd acquired nearly 3.5% of Bhagiradha Chemicals through a block deal, purchasing 4.31 million equity shares at an average price of ₹88. This acquisition triggered a rally in Bhagiradha Chemicals shares, which hit a 52-week high and surged 18% the following day.
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Bio/Wiki
| Nickname | Mr. White and White |
|---|---|
| Names Earned | Retail King of India |
| Famous For | Founding the supermarket chain DMart |
Physical Stats & More
| Eye Color | Black |
|---|---|
| Hair Color | Salt & Pepper (semi-bald) |
Educational Qualification(s)
| College/University | University of Mumbai |
|---|---|
| Educational Qualification | College dropout (1st year B.Com.) |
| Ethnicity | Marwari |
| Food Habit | Vegan |
Personal Life
| Address | Altamount Road, Mumbai |
|---|---|
| Hobby | Taking a walk on Girgaum Chowpatty |
Relationships & More
| Marital Status | Married |
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Family
| Wife | Shrikantadevi Radhakishan Damani | ||||
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| Children |
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| Parents |
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| Siblings | Gopikishan Damani (investor) |
Career
| Assets/Properties |
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| Net Worth (approx.) | $19.2 billion (as of Bloomberg Billionaires Index ranking) |
| Note | Ranked 98th on the Bloomberg Billionaires Index with a net worth of approximately Rs 1.4 lakh crore; previously ranked sixth on Forbes' India's 100 richest tycoons in October 2024 |
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. | |
| 14. Damani is a prominent value investor known for his emphasis on long-term investing and astute business acumen. | |
| 15. Notable investments include Avenue Supermarts (parent company of DMart), VST Industries, India Cements, Sundram Fasteners, and Varun Beverages. | |
| 16. In a recent block deal, his company Derive Trading and Resorts Pvt. Ltd purchased approximately 4.31 million equity shares (nearly 3.5% of total equity) of Bhagiradha Chemicals at an average price of ₹88. |
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