Success Story Radhakishan Damani

Success story
Radhakishan Damani |
The success story of the founder of DMart
Abstract –
Radhakishan Damani is an Indian businessman and investor. He is the founder of
DMart, a chain of supermarkets in India. There are around 234 DMart stores across
the country. Before starting his own business, Damani worked as a stock market
investor and broker. Currently, he is the 98th richest person in the world. In 2020,
Damani became the fourth richest person in India with a net worth of $16.5 billion.
He grew his company rapidly with hard work and dedication. Here’s Radhakishan
Damani’s inspiring success story.
Background
RK Damani does not consider himself a highly educated person. He dropped out of
college while pursuing B Com from the University of Mumbai. Before entering the
stock market, RK Damani had a small ‘ball-bearing business. However, after the
death of his father, he started working as a stockbroker in his family business. He
was 32 at that time.
Therefore, unlike most tech entrepreneurs who start their startup journey in their
20s, RK Damani was a little late to join this journey, still was able to make it big.
The Early life

Radhakishan was born in 1954, into an Indian Marwari family. His father,
Shivkishanji Damani, was also part of the stock-market business. Radhakishan has
a brother named
Gopikishan.
Radhakishan attended the 'University of Mumbai' to pursue BCom but dropped out
to start his career as a businessman.
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Success story
Career
Radhakishan started his career as a trader in the business of ball bearings. Back
then, he had no interest in the stock market. Unfortunately, the untimely death of
Radhakishan’s father led him to step into the stock market.
Radhakishan closed his business and joined his brother, who was already part of
the stockbroking business. Radhakishan was then in his late 20s then and had no
practical knowledge about the business. Hence, Radhakishan’s first move was to
observe and learn the functioning of the stock market. He began speculating and
made his first stock-market investment at the age of 32.
However, Radhakishan soon realized that mere speculation would not help him
establish himself in this risky business. He then began learning ways to invest and
grow capital. During that phase, Radhakishan was profoundly influenced by
Chandrakant Sampat, a value investor whom he had met in the early 1990s.
Radhakishan had a few initial failures, as he lost some of his initial bets. Since
then, he decided to make long-term investments. Soon, he began to succeed.
Radhakishan enriched his experience of the stock market by watching Manu

Manek, the dreaded market operator of that time who ruled 'Dalal Street' in the
1980s. Radhakishan analyzed the operational strategies of Manek (often referred to
as "The Cobra" by the brokers who disliked him) closely. It took him a few years
to apply Manek’s strategies practically. This later helped him overpower Harshad
Mehta, the mastermind of the 1992 'Securities Scam,' which is known as one of the
biggest scams in the history of the Indian stock market.
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Success story
Early life and career
Radhakishan Damani was born on 16 August 1954 in Mumbai, Maharashtra.

During his childhood, he lived in a single-room apartment with his family. After
finishing school, Damani attended the University of Bombay to study commerce.
However, after one year, he dropped out of college. His father worked on Dalal
Street. After his father passed away, Damani decided to leave his ball-bearing
business and work as a stock market investor and broker. In the 1990s, he made
profits by short-selling stocks that were inflated by Harshad Mehta. In addition, he
was the largest shareholder of HDFC Bank after it went public in 1995.
Post the Harshad Mehta Scam in 1992, Damani witnessed a major rise in his
income because of the short-selling profits during that time. In 1999, he started
operating a franchise of Apna Bazaar, a departmental store. However, he did not
like the business model. Hence, Damani decided to start his own business and enter
the departmental store sector. In 2000, he quit the stock market and started his own
supermarket chain, called DMart. He set up his first store in Powai in 2002. His
business grew rapidly and Damani became one of the richest people in the
country.
DMart
Radhakishan Damani is an Indian businessman and investor. He is the
founder of DMart, a chain of supermarkets in India. There are around 234
DMart stores across the country. Before starting his own business, Damani
worked as a stock market investor and broker. Currently, he is the 98th
richest person in the world. In 2020, Damani became the fourth richest person
in India with a net worth of $16.5 billion. He grew his company rapidly with
hard work and dedication. Here’s Radhakishan Damani’s inspiring success
story.
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Success story
What is DMart?
Dmart is a one-stop supermarket and hypermarket chain in India which was first
started in 2000 in Powai, Mumbai by R K Damani.
The company has its headquarters in Mumbai. D’Mart offers a wide range of
personal and basic home products under one roof.
Each DMart supermarket store stocks home utility products – including Toys &
Games, Stationery, beauty products, food, toiletries, bed and bath linen, garments,
kitchenware, home appliances, Footwear, and more.
The brands D Mart Premia, D Mart, Dutch Harbour, D Mart Minimax, D Homes,
etc are brands owned by ASL.
The main objective of D’Mart is to offer customers good products at a great value.
Today, DMart has a well-established presence in Andhra Pradesh, Maharashtra,
Karnataka, Telangana, Gujarat, Madhya Pradesh, Tamil Nadu, Punjab,
Chhattisgarh, NCR, and Rajasthan.
The supermarkets and hypermarket has more than 196 locations across the country.
DMart stores supermarket chain is owned and operated by Avenue Supermarts Ltd.
(ASL). Dmart’s success is focused on three things: Employees, Vendors and
Customers!
Stock Market Career

Although RK Damani started his career as a stockbroker, he soon understood that
if he wants to make real money from the market, then he needed to trade his own
money in the market, instead of being just a broker. And soon he started trading in
the Indian stock market.
RK Damani made a lot of profits from his trading in stocks. He was a very flexible
trader and believed in making profits using different market swings. For example,
during the Harshad Mehta scam, he made a lot of money by ‘Short-selling’ the
stocks, which was not common at that time.
However, after getting influenced by value investor Chandrakant Sampat, later RK

Damini changed his approach. He shifted to long-term value investing.
RK Damani made a lot of money by investing and holding multi-baggers stocks. A
few best-performing stocks from his portfolio are VST Industries, Sundaram
Finance, Indian Cement, and Blue Dart. He also invested in VST Industries at an
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Success story
average of Rs 85 and it is currently trading at Rs 3,466. Further, India cement gave

a return of +115% to his portfolio.
Other Facts about RK Damani

RK Damani considers himself as both a trader and an Investor. He trades in market
swing and invests when he’s getting long-term value.
Personally, Mr Damani lives a very simple life. He is known as ‘Mr. White and
White’ because most of the time he wears a simple white shirt and white trousers.
Besides, he avoids media and public gatherings.
Reference
https://sugermint.com/dmarts-radhakishan-damani-inspiring-success-story/
https://www.vrdnation.com/radhakishan-damani-life
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Success story

The Early life

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Radhakishan enriched his experience of the stock market by watching Manu

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Early life and career

Radhakishan Damani was born on 16 August 1954 in Mumbai, Maharashtra.

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Stock Market Career

However, after getting influenced by value investor Chandrakant Sampat, later RK

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average of Rs 85 and it is currently trading at Rs 3,466. Further, India cement gave

Other Facts about RK Damani

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