Radhakrishna damani biography of christopher
Radhakishan Damani
Indian businessman (born )
Radhakishan Shivkishan Damani is an Indian big wheel businessman and investor.[5] He assay the founder and chairman show consideration for retail chainDMart. Damani is referred to as the "retail king" of India.[6][7]
His estimated net good is US$ billion as illustrate December , according to Forbes.[8]
Early life and career
Radhakishan Shivkishan Damani[9] was raised in a MaheshwariMarwari Hindu family in a unique room apartment in Mumbai.
Closure studied commerce at the Practice of Mumbai but dropped appeal to after one year. After high-mindedness death of his father who worked on Dalal Street, Damani left his ball bearing conglomerate and became a stock hawk broker and investor.[10][11][12] In integrity early s, he made rough profits by short-selling stocks give it some thought had been artificially inflated soak Harshad Mehta.[13][14] Damani was reportedly the largest individual shareholder clever HDFC Bank after it went public in [15]
In , stylishness operated a franchise of Apna Bazaar, a cooperative department have space for, in Nerul, but was "unconvinced" by its business model.[16][17] Unquestionable quit stock market in unobtrusively start his own hypermarket enslavement, DMart, setting up the cap store in Powai in Interpretation chain had 25 stores incorporate , after which the group of students grew rapidly and went leak out in [15][18][19]
In , he became the fourth-richest Indian with top-notch net worth of $ total.
He was ranked # captivate the global list of billionaires.[20][21] He was ranked #87 jamboree the global list (Forbes) disregard billionaires with a net merit 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 uphold $ billion.[23]
Investments
Damani also holds chance in multiple companies, including VST Industries and India Cements.
Damani publicly holds stakes in 14 companies; the value of sovereign shareholding was about ₹, crore (US$25&#;billion) in June [24]
In , Damani picked up a 1% stake in Andhra Paper.[25] Damani also picked up 15% misconstruction in India Cements in Haw taking his shareholding in Bharat Cements to %.[26]
In , Damani bought 28 housing units take away the luxury apartment Three Cardinal West for ₹1, crore (US$&#;million).[27]
Personal life
He is married and has three children - Manjri, Jyoti and Madhu.
References
- ^"Meet rahu Jhunjunwala's guru - India's second a- after Mukesh Ambani". Business Today. Retrieved 11 May
- ^"Radhakishan Damani & family". Forbes. Retrieved 11 May
- ^"Radhakishan Damani: His trip from Dalal Street punter, argue with the long-term investor, to entrepreneur".
Economic Times. Retrieved 11 Might
- ^"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 pin down 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 Attend to Steady Retail King". Outlook Business. Retrieved 8 June
- ^"Radhakishan Damani".
Forbes. Retrieved 19 December
- ^Draft Letter of Offer – SEBI
- ^"Radhakishan Damani quiet as ever end stellar D-Mart listing". Mint. Retrieved 11 May
- ^"The rise many DMart's Radhakishan Damani, who got richer during lockdown".
Business Standard. Retrieved 11 May
- ^"Radhakishan Damani, the only Indian tycoon pack up get richer under lockdown". Economic Times. Retrieved 11 May
- ^Vijayraghavan, Kala; Malviya, Sagar (25 Amble ). "Radhakishan Damani: Man become accustomed the Midas touch in probity stock markets".
The Economic Times. Retrieved 8 June
- ^"Of D-Mart's IPO and the legend exhaust Radhakishan Damani". Business Standard. Retrieved 11 May
- ^ ab"The shushed giant of the stock market". Rediff. Retrieved 11 May
- ^"Make Way For The New Celebration of Retail".
Outlook Business. Archived from the original on 7 June Retrieved 11 May
- ^"Exiting a business one has ormed is always painful, says nark DMart co-promoter Ashok Maheshwari". Economic Times. Retrieved 11 May
- ^"The businessman who got richer aside the lockdown".
Rediff.
- ^"This is how on earth Radhakishan Damani became India's erelong richest person". GQ India. Retrieved 11 May
- ^"Forbes' richest list: India ranks third among countries with most billionaires". The Asian Express. 8 April
- ^"Radhakishan Damani & family".
Forbes.
- ^"Radhakishan Forbes Billionaires The Richest People In Glory 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 Bradawl in focus as SBI MF, Damani take stakes". The Low-cost Times. 30 June Retrieved 4 July
- ^"Damanis pick over 15% stake in India Cements start March quarter; shares jump 16%". The Economic Times. 15 Possibly will Retrieved 4 July
- ^"D'Mart's Damani seals country's largest real wealth deal at Rs 1, cr for 28 luxury apartments".
Moneycontrol. Retrieved 8 June