Radhakishan damani caste

1. Keep an eye on the long term Like Warren Buffett, Damani too has been a value investor who would take canny view of the long term. When he turned an entrepreneur, he retained the same approach and built D-Mart without relying on any quick shortcuts. For instance, he never leases property for his stores but buys it. In the long term, it saves him from a big rental outgo. This was a key factor behind the profitability of D-Mart. 3. Value your people Damani began with buying a franchise of Apna Bazar. That was when he began building personal relations with vendors and suppliers. He values both and they never let him down. The stores never go out of stock. 4. Buy low, sell cheap Damani knew what he was doing: offering people consumer products of daily use at heavy discounts. That became his only goal. One of his methods was to pay his suppliers and vendors within days instead of weeks which was the industry norm. They provided the goods at a cheaper rate to him in lieu of early payment. He passed on the cost benefits to his customers, which ensured consistent footfall. 5. Go local Even though D-Mart is the most successful grocery retail chain of the country, Damani has confined it to the western states. One reason is his reliance on local supplies instead of elaborate supply chains. 6. Go slow Though D-Mart started 16 years ago, it still has 119 stores in a few states, a small number compared to those owned by Ambani and Biyani. Instead of rapid expansion, Damani adopted a ...

Radhakishan Damani’s House: A Vintage Paradise Worth ₹1,001 Crores Last Updated -- March 1st, 2022 With an unreal and surreal surge in the share prices of DMart during the 2020 COVID lockdown, Radhakishan Damani has been a hot topic in the financial news. Currently throned as the fifth richest person in India, Damani has added another feather to his cap by pinning down property worth ₹1,001 crores. Radhakishan Damani’s new house is the most expensive transaction in the history of the Indian residential real estate market. So, without further ado, let’s explore a little about his stunning new property in Mumbai’s poshest locality. Table of contents • • • • • • • • • • Radhakrishnan Damani's House in Mumbai Radhakishan Damani’s new house, ‘Madhu Kunj’ sprawls over an area of 1.5 acres and has a built-up area of more than 60,000 square feet. The property was formerly owned by Varsha Mehta, Jayesh Shah, and Saurabh Mehta jointly. Radhakishan Damani’s House Address and Location Radhakishan Damani’s new house is situated in the Malabar Hill area in South Mumbai’s Narayan Dabholkar Road It is touted as one of the most expensive and exclusive residential areas in the South of Mumbai. The apartments in this area cost around ₹70,000-₹80,000 or more per square feet (the price depends on the building). Also known as the VIP neighbourhood, bungalows like Ramtek, Meghdoot, and Shivgiri also grace the area. Radhakishan Damani’s Bungalow Price Radhakishan Daman...

Express News Service NEW DELHI: Radhakishan Damani might have had a very humble beginning. But the man who left behind a past that included stints in the ball-bearing business and the stock market - as broker and investor - to start hypermarket chain D-Mart has enjoyed a meteoric rise in recent years. Tuesday saw the 67-year-old break into the top-100 richest club at the 98th position on the Bloomberg Billionaires Index. A day later, on Wednesday, he moved past Eduardo Saverin, the Brazilian co-founder of Facebook and angel investor, to the 97th position -- his wealth rising further from $19.2 billion to $19.3 billion. Fuelling this rapid climb has been the surge in the shares of Avenue Supermarts, which runs the D-Mart chain. They have shot up by 491% on the BSE since the company went public in March 2017. On Wednesday, they closed at Rs 3,649.80, marking a 0.43% spike in share price in one day, a 9.55% spike in one month and a 61.03% spike in one year. In fact, such has been the dizzying rise of Avenue Supermarts on the bourses that its market capitalisation has zoomed from around Rs 40,000 crore in March 2017 to Rs 2.37 lakh crore at the end of Wednesday session. Radhakishan Damani and his family own a nearly 75% stake in the company (the maximum limit allowed by market regulator SEBI). This has seen their wealth balloon from nearly Rs 33,000 crore when the company got listed to almost 1.80 lakh crore now. According to Bloomberg, 60% of the 75% promoters' stake is owned...

Synopsis With a wealth of Rs 1.75 lakh crore, the 67-year-old Mumbai-based business magnate moved up two ranks to take the fifth spot in the rich list which is dominated by Gautam Adani and Mukesh Ambani. In the last five years, the wealth of Damani has increased by 280 per cent or Rs 1,28,800 crore. Data from the rich list shows that he earned Rs 57 crore every day and his wealth jumped 13 per cent in the last one year period. In the last five years, the wealth of Damani has increased by 280 per cent or Rs 1,28,800 crore. Data from the rich list shows that he earned Rs 57 crore every day and his wealth jumped 13 per cent in the last one year period. Damani controls Avenue Supermarts, a Mumbai-based retail chain specializing in low-priced consumer goods. The publicly traded business sells food, clothing and other consumer products in more than 200 DMart shops across India. “What makes the Indian wealth creation story truly inspirational is that 67 per cent of the list is self-made, up from 54 per cent five years ago. Also, 79 per cent of the new faces this year are self-made as well. The wealth creation engine of first-generation entrepreneurs and professional managers is on full throttle and is an important driver for India’s GDP to swiftly reach the $5 trillion mark,” said Anas Rahman Junaid, MD and Chief Researcher, Hurun India. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

Radhakishan Damani is a famous Mumbai-based entrepreneur and investor. He is a self-made billionaire and is the CEO and owner of India's 3rd largest mega-retail stores’ chain named 'DMart.' He reckons the 1st generation investor named Chandrakant Sampat as his guru and mentor. He has trained himself in such a way that he claims that he has learned the art of dealing with volatile business situations from his mentor. He began his career as a small business trader. He, however met a financial crisis at his own house after his father’s demise made him to become an investor in stock-market. Some of his initial years in the market were spent in speculation and observation. It was during this time that he closely monitored the stock-market strategies which were used by Manu Manek who was then the most prolific market operators of the time. Radhakishan gained a great foothold in the stock-market business after the fall of the tainted Indian stockbroker named Harshad Mehta. It happened during the late 1980s and continued till the early 1990s. He started investing heavily in multinational companies stocks and finally earned the tag of the famous stock-market investors in India. He currently holds stakes in some of the finest companies such as the tobacco firm 'VST Industries,''United Breweries,' and 'Blue Dart Express Ltd' among others. Stocks of'VST Industries,''India Cements,''Blue Dart' and'Sundaram Finance,' were among his top gaining stocks.Forbes has ranked him as the 2nd ric...

Bio/Wiki Names Earned The Big Bull, The King of Dalal Street [1] Profession(s) Investor, Trader, Businessman, Chartered Accountant Physical Stats & More Eye Colour Black Hair Colour Salt & Pepper Personal Life Date of Birth 5 July 1960 (Tuesday) Age (at the time of death) 62 Years Birthplace Hyderabad, Telangana [2] Date of Death 14 August 2022 Place of Death Breach Candy Hospital, Mumbai Death Cause Heart Attack Zodiac sign Cancer Nationality Indian Hometown Mumbai College/University • Sydenham College of Commerce & Economics, Mumbai • The Institute of Chartered Accountants of India Educational Qualification(s) • B.Com from Sydenham College of Commerce & Economics (1985) • Chartered Accountant from The Institute of Chartered Accountants of India [3] Religion Hinduism [4] Ethnicity Marwari [5] Political Inclination Bharatiya Janata Party [6] Address Il Palazzo, Little Gibbs Rd, Malabar Hill, Mumbai Hobbies Reading, Watching Food Shows Controversy In 2020, Mr Jhunjhunwala was investigated by SEBI for alleged insider trading in the shares of Aptech, an IT education firm owned by him and his family. The board sent a show-cause notice stating that it was going to freeze Mr Jhunjhunwala's bank accounts. The investigating officer was looking into the time period between February 2016 and September 2016, during which he made the alleged profits. [7] Relationships & More Marital Status Married Marriage Date 22 February 1987 (Sunday) Family Wife/Spouse Children Daughter- Nishtha Jh...