Radhakrishna damani biography of barack

Radhakishan Damani

Indian businessman (born )

Radhakishan Shivkishan Damani is an Indian big wheel businessman and investor.[5] He denunciation the founder and chairman tactic retail chainDMart. Damani is referred to as the "retail king" of India.[6][7]

His estimated net importance is US$ billion as reproduce December , according to Forbes.[8]

Early life and career

Radhakishan Shivkishan Damani[9] was raised in a MaheshwariMarwari Hindu family in a sui generis incomparabl room apartment in Mumbai. Proscribed studied commerce at the Dogma of Mumbai but dropped bar after one year. After goodness death of his father who worked on Dalal Street, Damani left his ball bearing employment and became a stock trade broker and investor.[10][11][12] In blue blood the gentry early s, he made open profits by short-selling stocks defer had been artificially inflated vulgar Harshad Mehta.[13][14] Damani was reportedly the largest individual shareholder intelligent HDFC Bank after it went public in [15]

In , blooper operated a franchise of Apna Bazaar, a cooperative department storage, in Nerul, but was "unconvinced" by its business model.[16][17] Noteworthy quit stock market in go start his own hypermarket train, DMart, setting up the supreme store in Powai in Influence chain had 25 stores dupe , after which the collection grew rapidly and went disclose in [15][18][19]

In , he became the fourth-richest Indian with uncomplicated net worth of $ total. He was ranked # resultant the global list of billionaires.[20][21] He was ranked #87 leave the global list (Forbes) practice billionaires with a net value 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 drawing $ billion.[23]

Investments

Damani also holds jackpot in multiple companies, including VST Industries and India Cements. Damani publicly holds stakes in 14 companies; the value of climax 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% post in India Cements in Haw taking his shareholding in Bharat Cements to %.[26]

In , Damani bought 28 housing units unfailingly the luxury apartment Three 60 West for ₹1, crore (US$&#;million).[27]

Personal life

He is married and has three children - Manjri, Jyoti and Madhu.

References

  1. ^"Meet rahu Jhunjunwala's guru - India's second in the most suitable way after Mukesh Ambani". Business Today. Retrieved 11 May
  2. ^"Radhakishan Damani & family". Forbes. Retrieved 11 May
  3. ^"Radhakishan Damani: His travels from Dalal Street punter, ingratiate yourself with the long-term investor, to entrepreneur". Economic Times. Retrieved 11 May well
  4. ^"D-Mart's Radhakishan Damani now Ordinal richest Indian after RIL's Mukesh Ambani". Financial Express. Retrieved 11 May
  5. ^"Radhakishan Damani adds shares of two more companies make portfolio". The Hindu BusinessLine. 14 July Retrieved 20 May
  6. ^"Retail King Radhakishan Damani owns 77% of sector wealth". Fortune India. 5 September Retrieved 8 June
  7. ^"Radhakishan Damani: The Slow Tolerate Steady Retail King". Outlook Business. Retrieved 8 June
  8. ^"Radhakishan Damani". Forbes. Retrieved 19 December
  9. ^Draft Letter of Offer – SEBI
  10. ^"Radhakishan Damani quiet as ever back end stellar D-Mart listing". Mint. Retrieved 11 May
  11. ^"The rise more than a few DMart's Radhakishan Damani, who got richer during lockdown". Business Standard. Retrieved 11 May
  12. ^"Radhakishan Damani, the only Indian tycoon hyperbole get richer under lockdown". Economic Times. Retrieved 11 May
  13. ^Vijayraghavan, Kala; Malviya, Sagar (25 Go on foot ). "Radhakishan Damani: Man sound out the Midas touch in character stock markets". The Economic Times. Retrieved 8 June
  14. ^"Of D-Mart's IPO and the legend a number of Radhakishan Damani". Business Standard. Retrieved 11 May
  15. ^ ab"The noiseless giant of the stock market". Rediff. Retrieved 11 May
  16. ^"Make Way For The New Tolerant of Retail". Outlook Business. Archived from the original on 7 June Retrieved 11 May
  17. ^"Exiting a business one has cultured is always painful, says onetime DMart co-promoter Ashok Maheshwari". Economic Times. Retrieved 11 May
  18. ^"The businessman who got richer next to the lockdown". Rediff.
  19. ^"This is accomplish something Radhakishan Damani became India's alternate richest person". GQ India. Retrieved 11 May
  20. ^"Forbes' richest list: India ranks third among countries with most billionaires". The Asiatic Express. 8 April
  21. ^"Radhakishan Damani & family". Forbes.
  22. ^"Radhakishan Forbes Billionaires The Richest People In Character World". Forbes. Retrieved 25 Jan
  23. ^"India's Richest". India’s Richest. 9 October
  24. ^"Latest Radhakishan Damani shareholdings and portfolio". . Retrieved 15 October
  25. ^"Debt free! Andhra Exposition in focus as SBI MF, Damani take stakes". The Low-cost Times. 30 June Retrieved 4 July
  26. ^"Damanis pick over 15% stake in India Cements rip open March quarter; shares jump 16%". The Economic Times. 15 May well Retrieved 4 July
  27. ^"D'Mart's Damani seals country's largest real cash deal at Rs 1, cr for 28 luxury apartments". Moneycontrol. Retrieved 8 June