Q: What is the story of DMart?

DMart was founded by Radhakishan Damani to offer quality products at affordable prices, revolutionizing retail in India with its customer-centric approach and efficient operations.

Q: What is the net worth of DMart in 2024?

As of September 2024, DMart's net assets were ₹208.67 billion , reflecting its strong growth and market presence.

Question 1

Who is Radhakishan Damani?

Accepted Answer

Radhakishan Damani is the founder of DMart and a billionaire investor with a net worth of $15.5 billion (₹165,437.7 crore) as of December 2024.

Question 2

Why is DMart so successful?

Accepted Answer

Offering competitive prices through bulk purchasing and efficient supply chain management.
Targeting middle-income customers and their everyday needs.
Maintaining a low-debt, high-cash-flow operational model.

Question 3

What is Radhakishan Damani’s contribution to Indian business?

Accepted Answer

He has revolutionised the retail industry in India with DMart, inspired countless investors with his disciplined approach to stock market investments, and set an example of how simplicity and focus can lead to monumental success.

Question 4

What is the net worth of Radhakishan Damani?

Accepted Answer

Radhakishan Damani’s net worth is $15.5 billion (₹165,437.7 crore), primarily from DMart and his stock market investments.

Question 5

How did Radhakishan Damani become rich?

Accepted Answer

Radhakishan Damani quit the stock market in 2000 to start DMart, a hypermarket chain. The company grew rapidly, went public in 2017, and made him the fourth-richest Indian with a net worth of $16.5 billion in 2020.

Question 6

Who bought the ₹1001 crore house in India?

Accepted Answer

Radhakishan Damani and his brother Gopikishan Damani purchased a ₹1001 crore property in Mumbai, one of the most expensive real estate deals in India, paying a significant stamp duty for the transaction.

Question 7

Is DMart owned by Adani?

Accepted Answer

No, DMart is owned by Radhakishan Damani's Avenue Supermarts Limited (ASL), not by Adani.

Question 8

What is the story of DMart?

Accepted Answer

DMart was founded by Radhakishan Damani to offer quality products at affordable prices, revolutionizing retail in India with its customer-centric approach and efficient operations.

Question 9

What is the net worth of DMart in 2024?

Accepted Answer

As of September 2024, DMart's net assets were ₹208.67 billion, reflecting its strong growth and market presence.

Question 10

What are Radhakishan Damani’s real estate investments?

Accepted Answer

Damani owns a ₹1,001 crore bungalow in Malabar Hill and 28 luxury apartments in Mumbai worth ₹1,238 crore.

Question 11

What is Radhakishan Damani’s investment strategy?

Accepted Answer

Radhakishan Damani focuses on long-term growth, investing in high-conviction stocks with strong fundamentals. His portfolio is concentrated in quality companies like DMart, VST Industries, and India Cements, while diversifying across retail, finance, hospitality, and education sectors to manage risk.

Sector	Round	Investments
Retail	Secondary	₹ 1992 Cr
Manufacturing	Secondary	-
Hospitality	Secondary	-
Education	Secondary	₹ 540 Cr
Utilities	Secondary	₹ 25 Cr
Logistics	Secondary	₹ 36 Cr
Cement	Secondary	₹ 29 Cr
Finance	Secondary	₹ 212 Cr
Beverages	Secondary	₹ 1190 Cr
Chemicals	Secondary	₹ 1157 Cr
Retail	Secondary	₹ 626 Cr
Finance	Secondary	₹ 6 Cr
Telecommunications	Secondary	₹ 198982 Cr
Healthcare	Secondary	₹ 102 Cr

Radhakishan Damani Snapshot

Radhakishan Damani

Radhakishan Damani Investments

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