This post was most recently updated on December 23rd, 2022
Radhakishan Damani is an Indian businessman and entrepreneur. He is the founder of the retail chain D-Mart. As of 2022, he has a net worth of more than $20 billion, making him the richest person in India. He is also a philanthropist and has donated to various causes, including education and healthcare.
Latest Radhakishan Damani Portfolio Stock Holdings 2022
Stocks that are part of the latest Radhakishan Damani Portfolio:
|STOCK||HOLDING VALUE (RS.)||SEP 2022 HOLDING %|
|Avenue Supermarts Ltd.||169,378.6 Cr||67.50%|
|VST Industries Ltd.||1,620.3 Cr||32.30%|
|India Cements Ltd.||1,330.5 Cr||20.80%|
|Trent Ltd.||705.4 Cr||1.50%|
|Sundaram Finance Ltd.||605.7 Cr||2.40%|
|Blue Dart Express Ltd.||243.3 Cr||1.40%|
|Metropolis Healthcare Ltd.||73.5 Cr||1.10%|
|Aptech Ltd.||38.4 Cr||3.00%|
|Sundaram Finance Holdings Ltd.||36.7 Cr||1.90%|
|Astra Microwave Products Ltd.||23.9 Cr||1.00%|
|BF Utilities Ltd.||17.3 Cr||1.30%|
|Advani Hotels & Resorts (India) Ltd.||15.2 Cr||4.20%|
|Mangalam Organics Ltd.||8.9 Cr||2.20%|
Radhakishan Damani history
Radhakishan Damani portfolio has different stocks in it; before we look into his portfolio, let’s look at some interesting facts about him.
Radhakishan Damani is a famous investor and a self-made billionaire in India. He is also the 2nd richest person in India after Mukesh Ambani. He has made his way from a small town Karad in Maharastra to become one of the most respected value investors in the Indian share market.
Radhakishan pursued commerce at the University of Mumbai, but did not complete his degree and dropped out just after one year. He started his investment career after the death of his father who worked at Dalal street.
Radhakishan Damani started his stock market career by short-selling stocks which were at inflated prices during the Harshad Mehta scam. It is also believed that Radhakishan Damani was the largest investor in HDFC bank after it went public in 1995.
Radhakishan Damani Personal Details
Here are Radhakishan Damani Personal Details:
- Full Name: Radhakishan Shivkishan Damani
- Born: 12 July 1955
- Occupation: Business Owner, Investor
- Marital status: Married
- Children: 3
What is Radhakishan Damani’s story?
Radhakishan Damani started his life in a small place Karad in Maharashtra. He entered investing in the Indian stock market when he was 20 years old following his father. He made a lot of money by short-selling stocks in the Harshad Mehta scam. He is known for his value stock picking in stocks like Gillette, Sundaram finance, VST industries, etc.
Radhakishan Damani is also the largest shareholder of DMART(Avenue Supermart). Radhakishan Damani’s net worth is approx 200000 cr in 2022 which makes him the 2nd richest person in India.
Radhakishan Damani and the Triple-Rs
Radhakishan Damani and the triple-Rs is a famous story in the Indian stock market.
Harshad Mehta and the ‘triple-Rs’ first invested in ‘Apollo Tyres,’ an Indian tire company. The ‘triple-Rs’ soon realized that Harshad had bid high valuations for a tire company and hence began shorting the stock, according to their learnings from Manek. The stock market battle between them continued for the next 2 years and was revealed in 1992 when Harshad Mehta was accused of a huge scam. Radhakishan ultimately won the battle and hence gained prominence in the stock market.
What is Radhakishan Damani, triple-Rs vs Harshad Mehta story?
From the late 1980s to the early 1990s, this period is considered the dark phase of the Indian stock market, Radhakishan Damani combated Harshad in the stock market. To defeat the most powerful trader of ‘Dalal Street’ of that time, RK Damani, along with a chartist named Raju and a young rookie investor, formed a non-descript group that was locally called the ‘triple-Rs.’
Harshad and the ‘triple-Rs’ first invested in ‘Apollo Tyres,’ an Indian tire company. The ‘triple-Rs’ soon realized that Harshad had bid high valuations for a tire company and hence began shorting the stock, according to their learnings from Manek. The stock-market battle between them continued for the next 2 years and was revealed in 1992 when Harshad was accused of a huge scam. Radhakishan ultimately won the battle and hence gained prominence in the stock market.
In 1998, Radhakishan and Harshad locked horns in the stock-market arena again. They now had eyes on the stocks of three companies, namely, ‘Videocon,’ ‘BPL,’ and ‘Sterlite.’ Eventually, the prices fell by over 60%, and Radhakishan made huge profits.
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How Radhakishan Damani started DMART?
In 1999, Radhakishan Damani started a cooperative departmental store called ‘Apna Bazaar’ but he was not convinced by the business model of ‘Apna Bazaar’ . in 2000 he quit his career in the stock market to launch DMART . Radhakishan Damani launched the first store of DMART in 2002 in Powai.
Radhakishan Damani then took DMART public in 2017. Interesting to note that the valuation of DMART at the time of IPO was just 18000 cr, today in October 2022 market cap of DMART is 290000 cr. So the return on investment in DMART IPO is almost 15 times in a few years!
Radhakishan Damani Portfolio FAQs
What is Radhakishan Damani's net worth?
As of October 2022, Radhakishan Damani Portfolio Holding's net worth is close to 200000 cr.
Who is 2nd richest person in India?
Radhakishan Damani also known as RK Damani has become 2nd richest man in India after DMART's stock price shot up manyfold after the IPO in 2017.
Who is Radhakishan Damani's brother?
Gopikishan Damani is Radhakishan Damani's brother.
How many children Radhakishan Damani has?
Radhakishan Damani has three daughters.
What are Radhakishan Damani's best investments?
Some of Radhakishan Damani's most prominent Investments have been for 'GE Capital Transportation Industries,' 'VST Industries,' 'Samtel Ltd,' 'Schlafhorst Eng (I),' 'Somany Ceramics,' 'Jay Shree Tea,' '3M India,' 'Century Textile and Industries,' 'Trent,' 'VB Holdings,' 'TV Today Network,' and 'Jubilant FoodWorks Limited.'
Is Manjri Chandak Radhakishan Damani's daughter?
Yes, Manjri Chandak is Radhakishan Damani's daughter. Manjri Chandak is also a director at Avenue supermarts.
What are the recent investments of Radhakishan Damani?
Radhakishan Damani Damani has recently picked up a stake in BF utilities, Andhra papers, and Astra microwave products.
What is the income of Radhakishan Damani?
Radhakishan Damani is a major stakeholder in Avenue Supermart(D-Mart). he enjoys dividends from D-mart stock. Apart from this, he has investments in several other stocks which help him generate trading profits as well as dividend income.
What is the full form DMart?
Dmart stands for Damani Mart. Dmart is based on Radhakrishna Damani's surname.
How does DMart earn profit?
Dmart works on a super dealer basis. It buys goods in bulk from manufacturers, and it gets a discount on those goods because of the volume it buys. It then passes on those discounts to its customers, which is why you can find such good deals at DMart.
What is Radhakishan Damani education?
Radhakishan Damani studied commerce at the University of Mumbai but dropped out after one year.