Radhakishan Damani
Overview
- Source of Wealth
- Retail, investments
- Industry
- Fashion & Retail
- Residence
- Mumbai
- Marital Status
- Married
- Children
- 3
Assets
- 3M India98,000 shares @ --523395-IN
- Advani Hotels & Resorts (India)3,860,000 shares @ --523269-IN
- Andhra Paper0 shares @ --502330-IN
- Avenue Supermarts349,889,000 shares @ --540376-IN
- BF Utilities Ltd.381,000 shares @ --532430-IN
- Bhagiradha Chemicals & Industries2,081,000 shares @ --531719-IN
- Blue Dart Express166,000 shares @ --526612-IN
- Mangalam Organics186,000 shares @ --514418-IN
- Sundaram Finance1,554,000 shares @ --590071-IN
- Sundaram Finance Holdings2,464,000 shares @ ---
- Trent0 shares @ --500251-IN
- United Breweries Ltd.1,571,000 shares @ --532478-IN
- VST Industries32,856,000 shares @ --509966-IN
Biography
Veteran Mumbai investor Radhakishan Damani became India's retail king after the 2017 IPO of his supermarket chain Avenue Supermarts.
Damani got into retailing in 2002 with one store in suburban Mumbai and has grown into a chain selling everything from grocery to apparel to footwear.
Damani also holds stakes in a range of companies, such as tobacco firm VST industries. In June 2024, he and his younger brother sold their holding in India Cements to billionaire Kumar Birla.
His property portfolio includes the 156-room Radisson Blu Resort in Alibag, a popular beachfront getaway close to Mumbai.
Damani, together with his brother Gopikishan, who's also a billionaire, reportedly bought a house in south Mumbai in 2021 for more than $100 million.
About
Damani was a mentor to late billionaire investor Rakesh Jhunjhunwala.
Low profile Damani rarely makes appearances at public events and avoids speaking to the press.
In 2023, he and his brother reportedly paid $155 million for 28 apartments in a luxury tower in mid-town Mumbai developed by fellow billionaire Vikas Oberoi.