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Radhakishan Damani is a veteran Indian billionaire investor, businessman, and the founder of the hypermarket chain DMart. Often referred to as India's 'retail king' and one of its most respected value investors, he began his career as a stockbroker in the 1980s. Known for his low-profile and media-shy nature, Damani built his fortune through a disciplined, long-term value investing strategy, identifying and investing in undervalued companies with strong fundamentals. After accumulating significant wealth from the stock market, he diversified into retail by founding DMart in 2002, which revolutionized the sector with its 'Everyday Low Cost - Everyday Low Price' model. His journey from a humble background to becoming one of India's wealthiest individuals is a source of inspiration for many aspiring entrepreneurs and investors.
Radhakishan Damani's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Established and scaled DMart into one of India's most profitable and successful supermarket chains. The company's blockbuster IPO in 2017 was one of the most successful listings in Indian stock market history, cementing his status as a retail magnate.
Widely regarded as one of India's most astute stock market investors, often drawing comparisons to Warren Buffett for his long-term, value-oriented investment philosophy. He has built a multi-billion dollar portfolio through strategic investments in various sectors.
Served as a mentor and guide to several successful investors in India, most notably the late Rakesh Jhunjhunwala, sharing his insights and investment principles.
In 2021, Damani made headlines by purchasing a residential property in South Mumbai's Malabar Hill for ₹1,001 crore (approximately $135 million), one of the most expensive home purchases ever recorded in India.
University Of Bombay
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Avenue Supermarts Ltd, operating under the brand name D-Mart, is a prominent Indian retail corporation running a chain of hypermarkets. Founded by veteran investor Radhakishan Damani, the company is renowned for its 'Everyday Low Cost - Everyday Low Price' (EDLC-EDLP) business model. D-Mart focuses on offering a wide variety of home utility products, including food, toiletries, beauty products, garments, and more, to a price-sensitive consumer base. Its strategy involves owning its store real estate to minimize operational costs and maintaining an efficient supply chain, allowing it to offer significant discounts to customers.
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