Radhakishan S. Damani is the founder of DMart and an Indian billionaire investor and businessman. His money is also managed by his investment business, Bright Star Investments Limited.
Damani was reared in a one-room flat in Mumbai by a Maheshwari family. He enrolled at the University of Mumbai to study commerce but dropped out after a year. Damani abandoned his ball bearing company and became a stock market trader and investor after his father, who worked on Dalal Street, died. In the 1990s, he gained money by short-selling equities that had been inflated illegally by Harshad Mehta.
After HDFC Bank went public in 1995, Damani was said to be the largest individual shareholder. After the Harshad Mehta Scam made headlines in 1992, he experienced a significant increase in his earnings due to short-selling gains at the time. He ran an Apna Bazaar, a cooperative department store, franchise in Nerul in 1999, but was “unconvinced” by its business strategy.
In 2000, he left the stock market to launch his own hypermarket chain, DMart, with the first shop opening in Powai in 2002. In 2010, the chain had 25 locations; after that, the firm developed quickly and went public in 2017.
He now owns 234 DMart shops in India. Damani maintains a modest profile and offers few interviews. Rakesh Jhunjhunwala, an Indian billionaire, was also taught his stock trading techniques him. With a net worth of $16.5 billion in 2020, he became India’s fourth richest man. On the global list of billionaires, he was placed #117.
Through Social Media
Radhakishan Damani loves his followers and communicates with them via social media. So, utilise these methods to request a personal meeting with him. Radhakishan Damani was a member of the audience through relevant contacts in the broadcast media.
Requesting an appointment for a one-on-one visit is always preferable due to his habit of being highly busy all of the time. Please make sure you have a good cause for requesting an appointment with Radhakishan Damani since the requisition letter should be detailed. Send the mail to the following address:
Altamount Road, Mumbai,