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Radhakishan Shivkishan Damani is an Indian billionaire businessman and investor. He is the founder and chairman of retail chain DMart . Damani is referred to as the "retail king" of India.
Oct 11, 2023 · Veteran Mumbai investor Radhakishan Damani became India's retail king after the March 2017 IPO of his supermarket chain Avenue Supermart. Damani got into retailing in 2002 with one store in...
- 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.
- Small is big. Damani started small and did not hurry to expand. Low scale gave him a better control of supply chain and allowed him to focus on profitability right from the beginning.
- 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.
- 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.
3 days ago · Veteran Mumbai investor Radhakishan Damani became India's retail king after the March 2017 IPO of his supermarket chain Avenue Supermarts. Damani got into retailing in 2002 with one store...
Nov 15, 2022 · Radhakishan Damani is a Mumbai-based investor and entrepreneur. The self-made billionaire is the owner of the country’s third-largest mega-retail stores’ chain, 'DMart.' Radhakishan considers the first-generation investor Chandrakant Sampat as his mentor.
Radhakishan Damani (RD) is a famous Indian businessman, who is termed as the Retail King of India. He is the fourth richest Indian as of 2021. [9] RD dropped out in the first year of his college to start his ball-bearing business, and his father and brother were stockbrokers on Dalal Street.
2 days ago · Overview. Damani controls Avenue Supermarts, a Mumbai-based retailer specializing in low-priced consumer goods. The publicly traded business sells food, clothing and other consumer products in...
