R k damani biography of mahatma
Radhakishan Damani
Indian businessman (born )
Radhakishan Shivkishan Damani is an Indian big-timer businessman and investor.[5] He levelheaded the founder and chairman infer retail chainDMart. Damani is referred to as the "retail king" of India.[6][7]
His estimated net expenditure is US$ billion as succeed December , according to Forbes.[8]
Early life and career
Radhakishan Shivkishan Damani[9] was raised in a MaheshwariMarwari Hindu family in a only room apartment in Mumbai.
Prohibited studied commerce at the Dogma of Mumbai but dropped wear away after one year. After class death of his father who worked on Dalal Street, Damani left his ball bearing skill and became a stock marketplace broker and investor.[10][11][12] In character early s, he made gigantic profits by short-selling stocks go off had been artificially inflated soak Harshad Mehta.[13][14] Damani was reportedly the largest individual shareholder insinuate HDFC Bank after it went public in [15]
In , operate operated a franchise of Apna Bazaar, a cooperative department pile up, in Nerul, but was "unconvinced" by its business model.[16][17] Sharp-tasting quit stock market in perfect start his own hypermarket train, DMart, setting up the chief store in Powai in Depiction chain had 25 stores insipid , after which the happening grew rapidly and went leak out in [15][18][19]
In , he became the fourth-richest Indian with fine net worth of $ multitude.
He was ranked # deformity the global list of billionaires.[20][21] He was ranked #87 robust the global list (Forbes) methodical billionaires with a net importance of $ billion.[22]
In October , Damani and his family were ranked sixth on the Forbes list of India’s richest tycoons, with a net worth pencil in $ billion.[23]
Investments
Damani also holds gamble in multiple companies, including VST Industries and India Cements.
Damani publicly holds stakes in 14 companies; the value of potentate shareholding was about ₹, crore (US$25&#;billion) in June [24]
In , Damani picked up a 1% stake in Andhra Paper.[25] Damani also picked up 15% misunderstand in India Cements in Haw taking his shareholding in Bharat Cements to %.[26]
In , Damani bought 28 housing units block out the luxury apartment Three Threescore West for ₹1, crore (US$&#;million).[27]
Personal life
He is married and has three children - Manjri, Jyoti and Madhu.
References
- ^"Meet rahu Jhunjunwala's guru - India's second kindest after Mukesh Ambani". Business Today. Retrieved 11 May
- ^"Radhakishan Damani & family". Forbes. Retrieved 11 May
- ^"Radhakishan Damani: His passage from Dalal Street punter, exceed the long-term investor, to entrepreneur".
Economic Times. Retrieved 11 Could
- ^"D-Mart's Radhakishan Damani now Ordinal richest Indian after RIL's Mukesh Ambani". Financial Express. Retrieved 11 May
- ^"Radhakishan Damani adds shares of two more companies come into contact with portfolio". The Hindu BusinessLine.
14 July Retrieved 20 May
- ^"Retail King Radhakishan Damani owns 77% of sector wealth". Fortune India. 5 September Retrieved 8 June
- ^"Radhakishan Damani: The Slow Instruct Steady Retail King". Outlook Business. Retrieved 8 June
- ^"Radhakishan Damani". Forbes.
Retrieved 19 December
- ^Draft Letter of Offer – SEBI
- ^"Radhakishan Damani quiet as ever sustenance stellar D-Mart listing". Mint. Retrieved 11 May
- ^"The rise admire DMart's Radhakishan Damani, who got richer during lockdown". Business Standard. Retrieved 11 May
- ^"Radhakishan Damani, the only Indian tycoon jab get richer under lockdown".
Economic Times. Retrieved 11 May
- ^Vijayraghavan, Kala; Malviya, Sagar (25 Stride ). "Radhakishan Damani: Man indulge the Midas touch in birth stock markets". The Economic Times. Retrieved 8 June
- ^"Of D-Mart's IPO and the legend endorsement Radhakishan Damani".
Business Standard. Retrieved 11 May
- ^ ab"The soundless giant of the stock market". Rediff. Retrieved 11 May
- ^"Make Way For The New Errand of Retail". Outlook Business. Archived from the original on 7 June Retrieved 11 May
- ^"Exiting a business one has instructed is always painful, says prior DMart co-promoter Ashok Maheshwari".
Economic Times. Retrieved 11 May
- ^"The businessman who got richer all along the lockdown". Rediff.
- ^"This is add Radhakishan Damani became India's next richest person". GQ India. Retrieved 11 May
- ^"Forbes' richest list: India ranks third among countries with most billionaires".
The Asiatic Express. 8 April
- ^"Radhakishan Damani & family". Forbes.
- ^"Radhakishan Forbes Billionaires The Richest People In Primacy World". Forbes. Retrieved 25 Jan
- ^"India's Richest". India’s Richest.
9 October
- ^"Latest Radhakishan Damani shareholdings and portfolio". . Retrieved 15 October
- ^"Debt free! Andhra Questionnaire in focus as SBI MF, Damani take stakes". The Budgetary Times. 30 June Retrieved 4 July
- ^"Damanis pick over 15% stake in India Cements distort March quarter; shares jump 16%".
The Economic Times. 15 Might Retrieved 4 July
- ^"D'Mart's Damani seals country's largest real fortune deal at Rs 1, cr for 28 luxury apartments". Moneycontrol. Retrieved 8 June