Radhakishan Damani Biography
(Indian Investor, Business Magnate and the Founder of ‘DMart’)
Birthday: August 16, 1954 (Leo)
Born In: Bikaner, India
Radhakishan Damani is a Mumbai-based investor and entrepreneur. The self-made billionaire is the owner of the country’s third-largest mega-retail stores’ chain, 'DMart.' Radhakishan considers the first-generation investor Chandrakant Sampat as his mentor. He claims he has learned the techniques of dealing with risky business situations from Sampat. He started his career as a business trader, but a financial crisis at his home after his father’s death led him to become a stock-market investor. A few of Radhakishan’s initial years in the stock market were spent in observation and speculation. During this phase, he closely followed the stock-market strategies used by Manu Manek, one of the most dreaded market operators of the time.
Radhakishan gained a foothold in the business only after he overpowered the infamous Indian stockbroker Harshad Mehta. During the late 1980s and the early 1990s, Radhakishan invested heavily in multinational stocks and eventually became one of the leading stock-market investors in the country. He now holds stakes in companies such as the tobacco firm 'VST Industries,' the beer maker 'United Breweries,' and the logistics service provider 'Blue Dart Express Ltd.' Some of his best-performing stocks from his portfolio are 'VST Industries,' 'Sundaram Finance,' 'India Cements,' and 'Blue Dart.'
'Forbes' has ranked him as the 12th-richest person in India. Rakesh Jhunjhunwala, the Indian investor and trader who is regarded as the "Warren Buffet of India," considers Radhakishan his mentor. Always dressed in spotless white clothes, Radhakishan began his success story as a humble trader and now rules 'Dalal Street.'