Archive · 13 Jan 2026
Radhakishan Damani: India's Retail King
Radhakishan Damani is a very successful businessman in India.
He started small, trading ball bearings and then working in the stock market.
He learned a lot about investing and decided to put his money into companies that were strong and reliable, like HDFC Bank and 3M India.
In 2002, he opened his first DMart store, a supermarket chain that focuses on low prices and efficiency.
DMart grew slowly but steadily, and when it went public in 2017, it became very successful.
Damani is known for being careful and disciplined in his business dealings.
He also invests in other companies and sometimes sells them when the time is right.
He is one of the richest people in India and is known for his simple lifestyle and quiet philanthropy.
Radhakishan Damani is the founder of Avenue Supermarts and the retail chain DMart.
He started his career with a small business trading ball bearings and later entered the stock market.
Damani made significant investments in companies like HDFC Bank, 3M India, and CRISIL.
He opened the first DMart store in 2002 and grew the chain slowly and carefully.
DMart went public in 2017, and as of 2025, it has over 400 stores and a market cap of Rs 2,45,977 crore.
- Who
- Radhakishan Damani, founder of Avenue Supermarts and DMart
- What
- A business magnate and investor who built a retail empire
- When
- Born in 1954, started DMart in 2002, IPO in 2017
- Where
- Mumbai, India
- Why
- To build a sustainable and efficient retail business model
- Net Worth
- $15.6 billion (as of 29 December 2025)
- Company
- Avenue Supermarts (DMart)
- First DMart Store
- 2002, Powai, Mumbai
- IPO
- 2017, Rs 299 per share
- Market Cap (as of 30 December 2025)
- Rs 2,45,977 crore
- Share Price Increase (2025)
- 6.19%
- Share Price Increase (Last 5 Years)
- 40.57%
- Notable Investments
- HDFC Bank, 3M India, CRISIL, VST Industries, India Cements