India’s richest investor is Radhakishan Damani. Mukesh Ambani is the wealthiest person in India. However, among the investors is RK Damani. This is a very popular name among stock traders and investors. Everyone wants to know more about this personality. However, there is very little information available on the internet.
You may also know him as the founder of the Dmart store which came under Avenue Supermart Limited. DMart, which he started, has more than 210 stores across India. One of the unique features of DMart is that none of its stores have closed so far.
One of the popular investors, known as the Big Bull, Rakesh Jhunjhunwala, says in many interviews that RKD is his role model for investing in the stock market.
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Radhakishan Damani’s Age
RK Damani was born on March 15, 1954, in Bikaner, Rajasthan, India, and received his primary education in Bikaner. His current age is 68 as of January 2024.
Early in Life
Born into a Marwari family, RKD’s family moved to Mumbai. His father’s name was Shivkishan Damani, he worked as a clerk at Dalal Street. No further information beyond this is available in the public domain. Initially, Radhakishan Damani was involved in a ball-bearing business in Mumbai. Although he initially enrolled in Mumbai University for Commerce, he left the course within a year and then started the ball-bearing business.
Seeking more fulfillment, he left the business and ventured into the share market. He briefly worked as a broker before transitioning to independent trader.
Radhakishan Damani’s Net Worth
Your first question may be about the wealth of RKD. Radhakishan damani net worth in rupees stands at 1.44 lakhs crore, with continuous growth. In terms of US dollars, this amounts to 27.4 billion dollars.
Radhakishan Damani’s Portfolio
Damani has a robust profile, carefully selecting investments after thorough study.
He started investing at the age of 32. He invested in a company whose fundamentals are good.
Radhakishan Damani’s Portfolio Till Dec 2023
| Company | Holding in Percentage | Value (in Cr) |
| 3M India Ltd. | 1.48 | 568.42 |
| Advani Hotels & Resorts (India) Ltd. | 4.18 | 22.33 |
| Andhra Paper Ltd. | 1.00 | 23.67 |
| Aptech Ltd. | 3.03 | 49.02 |
| Astra Microwave Products Ltd. | – | 0.00 |
| Avenue Supermarts Ltd. | 67.24 | 167162.94 |
| BF Utilities Ltd. | 1.01 | 22.42 |
| Blue Dart Express Ltd. | 1.29 | 225.05 |
| Mangalam Organics Ltd. | 2.17 | 7.76 |
| Sundaram Finance Holdings Ltd. | 1.88 | 72.86 |
| Sundaram Finance Ltd. | 2.37 | 968.89 |
| The India Cements Ltd. | 20.78 | 1659.54 |
| Trent Ltd. | 1.52 | 1721.64 |
| United Breweries Ltd. | – | 0.00 |
| VST Industries Ltd. | 30.71 | 1738.67 |
Radhakishan Damani Interview
I searched all over the internet but did not find any single video of RKD. However, I found one video of the Damani couple who are singing bhajan on Shree Krishna Janmashtami.
Radhakishan Damani House
There are lots of stories regarding Damani’s house on the internet. But almost all are fake and baseless. I found the right photo of his house from the outside, and according to Business Standard, the cost of this house is around 1000 Crore.
The address of this house is in the Malabar Hill area on South Mumbai’s Narayan Dabholkar Road. Apart from this, he has more than 8 properties in Mumbai city. Details are not available in the public domain
Radhakishan Damani Family
House without completes the family members. The reason for their simplicity is that after lunch they go to eat paan from a small shop near Industry in Churchgate, Mumbai.
He has three daughters from his wife Shrikantadevi Damani. Their names are as follows:
- Madhu Chandak
- Jyoti Khabra
- Manjiri Chandak
He has one brother whose name is Gopikishan Damani.
Radhakishen and his family prefer to stay away from the media and social media.
Damani likes white clothes because they don’t get confused about the clothes at the beginning of the day.
FAQ on Radhakishan Damani
Here are some frequently asked questions about Radhakishan Damani
Dmart Stores, which came under Avenue Supermarts Limited, is owned and operated by Radhakishan Damani. As of December 2023, Promoter holds 74.64% of its share. FIIS and DIIS have percentages of 7.96 and 8.45, respectively. The Indian government owns 0.06% of the shares, while the public owns the remaining 8.87%.
In March 2024, DMart’s total market cap was INR 3,00,590 crore.
Yes, Radhakishan Damani is a billionaire. According to Forbes, his estimated net worth is $17 billion as of January 2024
RKD was a commerce student at Mumbai University. but he dropped out of college and continued his family ball-bearing business. At the age of 32, he started investing in the stock market.
RK Damani has 54% in Avenue Supermart. He also holds the stock of VST Industries, India Cements, Sundaram Fasteners, Varun Beverages, and Aptech.
At the age of 32, Radhakishan Damani started investing in the stock market.
