Radhakishan Damani Portfolio July 2020

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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. He started his investment career after the death of his father who worked at Dalal street.

Radhakishan Damani has 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 and the Triple-Rs

Radhakishan Damani and the triple-Rs is 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.

Radhakishan Damani Portfolio

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 June 2020 market cap of DMART 152700 cr. So the return on investment in DMART IPO is almost 9 times in years!

Rating: 5 out of 5.

Radhakishan Damani Portfolio Holdings June 2020

Stock nameHolding %Market value in crCMP
DMart51.48669162000
India Cement11.6469130
VST industries4.972353062
BF Utilities1.311.8240
Astra Microwave products Ltd.1.039.9110
Food & inns Ltd4.725212.5
Simplex infra ltd2.280.729
Spencer’s retail2.091590
Prozone intu properties ltd1.264.222
Delta corp1.172785
Kaya Ltd1.114273
Andhra Paper1.26100216
3M India1.4834520500

Have a look at other famous investor’s portfolios here:-

Rakesh Jhunjhunwala Portfolio

Porinju Veliyath portfolio

Vijay Kedia stocks portfolio

Nemish Shah stocks portfolio

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Radhakishan Damani FAQs

What is Radhakishan Damani’s net worth?

As of June 2020, Radhakishan Damani Portfolio Holdings net worth is close to 80000 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 has shot up many fold after the IPO in 2017.

What is Radhakishan Damani’s story

Radhakishan Damani has started his life from 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 80000cr in June 2020 which makes him the 2nd richest person in India.

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.’ 

What is Radhakishan Damani, triple-Rs vs Harshad Mehta story?

From the late 1980s to the early 1990s, this period is considered as 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.

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 stake in BF utilities, Andhra papers and Astra microwave products.


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