Founder Of Dmart; Retail King
About of Dmart Founder-
Dmart Founder Radhakishan Damani is an Indian billionaire investor, entrepreneur, and the founder of Avenue Supermarts Limited. Avenue Supermarts Limited runs a popular retail chain D-Mart. Hence, he is the founder of D-Mart too.
NAME – Radhakishan Shivkishan Damani
DOB – 12 July 1955(Bikaner Rajasthan)
Occupation – Businessmen, Investor
Founder-Dmart
Where did the story of Retail King(Dmart) Damani begin?-
Radhakishan Damani, born in 1954 in a Marwari family in Bikaner, Rajasthan, is the 98th richest person in the world.
The 12th pass man, who grew up in a single room apartment, told the whole world that even the toughest path becomes easy if the courage is high.
We are talking about Radhakishan Damani, founder of leading retail company D-Mart, who has become the 98th richest person in the world today.
According to Bloomberg Billionaires Index, today he is the owner of wealth worth Rs 1.42 lakh crore. Let us know the story of this ‘retail king’ who started investing with Rs 5000.
First Dmart Store Opened –
In 2002, Damani opened the first store of D-Mart in Powai area of Mumbai. From then till today, his company’s stores have expanded continuously.
D-Mart had 55 stores in 2011-12, 62 stores in 2012-13, 75 stores in 2013-14, 89 stores in 2014-15, 110 stores in 2015-16, 131 stores in 2016-17.
There were 176 stores in 2017-18, 214 stores in 2018-19 and today the company has 238 stores in 11 states and one UT in the country.
About The Dmart Store-
Avenue Supermarts Limited, d/b/a DMart, is an Indian retail corporation that operates a chain of supermarkets in India.
It was founded by Radhakishan Damani in 2002 when its first store was opened in Powai, Mumbai.
As of March 2024, it has 365 stores across 12 states and union territories in India.
The company has its headquarters in Mumbai. As of March 2023, DMart had a total of 12,108 permanent employees and 48,793 employees hired on contractual basis
Investment-
Damani also holds stakes in multiple companies, including VST Industries and India Cements. Damani publicly holds stakes in 14 companies; the value of his shareholding was about ₹214,049 crore (US$26 billion) in June 2024.
In 2020, Damani picked up a 1% stake in Andhra Paper. Damani also picked up 15% stake in India Cements in May 2020 taking his shareholding in India Cements to 19.89%.
In 2023, Damani bought 28 housing units in the luxury apartment Three Sixty West for ₹1,238 crore (US$150 million
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Some interesting things about Damani-
- To avoid any confusion regarding clothes, Radhakishan Damani always wears white clothes. Because of this, he is famous by the name ‘Mr. White and White’.
- Recently, Damani bought a bungalow worth Rs 1,001 crore in Malabar Hills area of South Mumbai. This is the most expensive bungalow in the country.
Damani got the property registered on 31st March by paying 3% stamp duty. Even after the discount, he paid stamp duty of Rs 30 crore. He paid Rs 1.60 lakh per square foot for this bungalow of one and a half acres.
