Radhakishan Damani

• RADHAKISHAN EARLY LIFE: Radhakishan was born in 1954 in Bikaner, Rajasthan, India. His father was Mr. Shivkishanji Damani who worked as a stockbroker. His father’s passing made him enter the stock market.
  
  
• RADHAKISHAN EDUCATION: Damani studied commerce at University of Mumbai but dropped out after first year to focus on business.
  
  
• RADHAKISHAN NET WORTH & ASSETS: Damani’s net worth is estimated to be approximately Rs.1344.7 billion ($15.4 billion). This made him 133rd wealthiest individual globally. Bloomberg's Billionaires Index reports a similar figure of $16.2 billion, ranking him 128th worldwide. In Oct 2024, Damani was sixth on Forbes’ list of India’s 100 richest tycoons. Damani's wealth primarily stems from his holdings in Avenue Supermarts.
  
  
• RADHAKISHAN INVESTMENT PHILOSOPHY: Damani believes in value investing as he looks for undervalued stocks with potential growth. He prefers companies with high return on capital (ROC) and strong competitive advantages (moat). He also looks forward to long term holdings, concentrated portfolio, and contrarian investing. Damani mentored many investors, including Rakesh Jhunjhunwala.
  
  
• RADHAKISHAN KEY INVESTMENT: He is the founder of Avenue Supermarts Ltd. (DMart) with 67.50% holdings. His portfolio also includesVST Industries Ltd – 30.70%,  India Cements Ltd. – 20.80%,   Advani Hotels & Resorts (India) Ltd – 4.20%,  Aptech Ltd – 3.00% (focused on education and training), Sundaram Finance Ltd – 2.40%,  Mangalam Organics Ltd – 2.20%, Sundaram Finance Holdings Ltd – 1.90% (a leading NBFC in India), 3M India Ltd – 1.50%,  Trent Ltd – 1.50%,   Blue Dart Express Ltd – 1.30%, Andhra Paper Ltd – 1.30%
  
  
• RADHAKISHAN BUSINESS VENTURES: Radhakishan founded DMart in 2002. Avenue Supermarts went public in 2017, making Damani a billionaire overnight. He also owns Radisson Blu Resort in Alibaug, Maharashtra. He has many real estate investments across India.

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