Who is Radhakishan Damani?

You must have heard of the D Mart supermarket chain, right?

Well, Radhakishan Damani is the owner of D Mart.

Today, Damani is valued at about $8.66 billion, which he earned from almost nothing at all.

Radhakishan Damani began his career as a trader in ball bearings. He had no intentions of entering the stock market. After his father’s death, however, circumstances forced him into stockbroking.

It took him a while to figure his way out. A few of his initial bets tanked. Gradually, however, he figured it out.
Damani followed a simple strategy. He would take a time horizon of about 5 to 10 years, and see whether the company had the potential to grow in that time horizon.
This strategy paid off for him and he gradually built up his fortune during the late 80s and the early 90s.
Radhakishan Damani is also one of the few people to have gone up against Harshad Mehta, the big bull of the stock market, and emerged victorious.

Over a few decades, Damani evolved into one of the best value investors in the stock market. His investments included the following.

GE Capital Transportation Industries
VST Industries
Samtel Ltd
Schlafhorst Eng
Somany Ceramics
Jay Shree Tea
3M India

You know what the funny thing is, though?

After reaching such great heights in the stock market, in 2001, Radhakishan Damani suddenly quit stock trading and entered the retail industry. That was when he set up D Mart.

D Mart is a chain of supermarkets owned by its parent company, Avenue Supermarkets Ltd. D Mart has 91 stores across India and is the third largest in the industry.

Damani owns a 52% stake in D Mart

Radhakishan Damani’s story is incredible, isn’t it?

He’s actually one of India’s finest value investors.

So read up on his investing techniques. Clearly, they work

Sources: Google

To open an account and start investing, visit Zerodha.

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