low-profile investor-turned-overnight-billionaire

Radhakishan Damani;He was born to Shivkishanji Damani in a Marwari family in Bikaner,  HE attended a bachelor’s degree programme in commerce at the University of Mumbai (then Bombay University) but did not continue after his first year examination

After quiting education education he entered into his family business which was ball bearings,he was not satisfied by ball bearings .He entered into Stock trading and stock broking in 1992.

“He did not come from a very well-educated family, and himself was not that educated as well, but he could still build his career in stock markets

Radhakishan Damani, who started a ball bearings business before becoming an ace investor

He is know as ''silent gaint of indian stock market''

In those days,he borrowed money at 20 - 30% interest rates to take position in the market. 

''RD is very positive player about markets,he is quite reserved… he's a simple man, not one bit proud of his achievements," 

RD is greatly inspired by the legendary value investor Chandrakant Sampat, whom he had met in the early-90s. 

"He treats everybody equal; gives a lot of respect to people… RD is extremely well-networked. He is in regular touch with some of the best names in Indian stock market. Ace investor Rakesh Jhunjhunwala considers RD as his guru 

Damani keeps a low profile which affords him total dedication to his work. His slow and silent rise in a depressed sector is a mark of his single-minded focus on work. He has rarely given an interview to a TV channel or a newspaper. 

''RD's STYLE OF INVESTING:

His strategy quite often was simple. His philosophy was long term, say 5 to 10 years. He would see if the product has the potential that far in the future. Gradually, his judgement began getting right, and within the next couple of years he was standing at par with the ranks of the biggies on Dalal Street

HIS SUCCESS SECRETS ARE:

1.He has a long term vision in buying stocks and he truely believe that "Buying a stock is nothing but buying a business"

2.He always belives in going slow and achieving success

3.His passion and dedication is to work hard,so he keeps very low profile

4.He wears only white shirt and white trousers, for which he is called "Mr White and White". 

5.Damani keeps away from credit and pays sooner than his suppliers expect. 

What is Dmart? 

DMart is a one-stop supermarket chain that aims to offer customers a wide range of basic home and personal products under one roof. Each DMart store stocks home utility products - including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and more - available at competitive prices that our customers appreciate. Our core objective is to offer customers good products at great value.

Radhakishan Damani’s path from one-room flat to building retail empire

He  raised in a one-room apartment in a Mumbai tenement block, the listing catapulted Damani’s wealth beyond that of Ajay Piramal, Anil Ambani and Kapil Bhatia

"D-MART IS ALO KNOWN AS INDIA'S WALMART"

 D-Mart's IPO and the legend of Radhakishan Damani

 The initial public offer of D-Mart parent Avenue Supermarts to raise Rs 1,870 crore has been subscribed a staggering 104.48 times at the end of the three-day bidding on Friday.

The price band for the IPO has been set at Rs 295-299.


Avenue Supermarts’ shares jumped as high as Rs650 before closing at Rs641.6 on their 21 March debut, compared with an initial public offering price of Rs299. The share sale raised Rs18.7 billion, attracted bids for 106 times the quantity available, and was the best IPO performance in India in four years. The shares closed at Rs631.85 in Mumbai Thursday, valuing the company at Rs394 billion

Radhakishan Damani’s Net Worth hikes To Rs. 24,000 Cr As D-Mart IPO Breaks Records and went into sky in D-Street...

With the listing at a premium of over 114 per cent, the shares controlled by 61-year-old Damani, including through his family members and investment firms, are now worth a stellar USD 5.1 billion. This makes him richer than several other well-known billionaires, including Anil Ambani, Rahul Bajaj, Ajay Piramal and Kalanithi Maran, to become the 16th richest Indian. Mukesh Ambani remains the richest with an estimated net worth of USD 27.6 billion, as per the real-time data of Forbes, known for its rich lists across the world.