Radhakishan Damani

RADHAKISH
AN DAMANI
INTRODUCTION
- RADHA KISHAN DAMANI OR RK DAMI IS A MUMBAI BASED BILLIONAIRE INVESTOR, BUSINESSMAN, AND OWNER OF THE MEGA-RETAIL CHAIN STORES “D-MART” IN INDIA.
-BORN IN 1954.
- HIS FATHER WAS ALSO A PART OF STOCK MARKET BUSINESS
-THE VETERAN INVESTOR RAKESH JHUNJHUNWALA CONSIDERS HIM AS HIS GURU (MENTOR) IN THE INDIAN SHARE MARKET.

-HE DROPPED OUT OF COLLEGE WHILE PURSUING B COM FROM
THE UNIVERSITY OF MUMBAI.
-BEFORE ENTERING THE STOCK MARKET, RK DAMANI HAD A

SMALL ‘BALL-BEARING’ BUSINESS. HOWEVER, AFTER THE DEATH
OF HIS FATHER, HE STARTED WORKING AS A STOCKBROKER IN HIS
FAMILY BUSINESS. HE WAS 32 AT THAT TIME.
STOCK MARKET
CAREER
- STARTED AS A STOCKBROKER
ALTHOUGH RK DAMANI STARTED HIS CAREER AS A STOCKBROKER, HE SOON UNDERSTOOD THAT IF HE
WANTS TO MAKE REAL MONEY FROM THE MARKET, THEN HE NEEDED TO TRADE HIS OWN MONEY IN THE
MARKET. AND SOON HE STARTED TRADING IN THE INDIAN STOCK MARKET.
-RK DAMANI MADE A LOT OF PROFITS FROM HIS TRADING IN STOCKS.
HE WAS A VERY FLEXIBLE TRADER AND BELIEVED IN MAKING PROFITS USING DIFFERENT MARKET SWINGS.
HOWEVER, AFTER GETTING INFLUENCED BY VALUE INVESTOR CHANDRAKANT SAMPAT, LATER RK DAMANI
CHANGED HIS APPROACH. HE SHIFTED TO LONG-TERM VALUE INVESTING.
HIS INVESTMENTS
-RK DAMANI MADE A LOT OF MONEY BY INVESTING AND HOLDING MULTI-

BAGGERS STOCKS. A FEW BEST-PERFORMING STOCKS FROM HIS PORTFOLIO ARE
VST INDUSTRIES, SUNDARAM FINANCE, INDIAN CEMENT, AND BLUE DART.
-HE ALSO INVESTED IN VST INDUSTRIES AT AN AVERAGE OF RS 85 AND IT IS

CURRENTLY TRADING AT RS 3,400. FURTHER, INDIA CEMENT GAVE A RETURN OF
+115% TO HIS PORFOLIO.
-SOME OTHER COMPANIES IN HIS PORTFOLIO ARE FOOD
& INNS LTD, SIMPLEX INFRASTRUCTURE LTD,
MANGALAM ORGANICS, SPENCER’S RETAIL, BF
UTILITIES, PROZONE INTY PROPERTIES, KAVA LTD, ASTRA
MICROWAVE PRODUCTS, ETC.
OTHER FACTS ABOUT RK DAMANI
-RK DAMANI CONSIDERS HIMSELF AS BOTH A TRADER AND AN INVESTOR. HE TRADES IN MARKET SWING AND INVESTS WHEN HE’S GETTING LONG-TERM VALUE.
-PERSONALLY, MR. DAMANI LIVES A VERY SIMPLE LIFE. HE IS KNOWN AS ‘MR. WHITE AND WHITE’ BECAUSE MOST OF THE TIME HE WEARS A SIMPLE WHITE SHIRT AND WHITE TROUSERS. BESIDES, HE AVOIDS
MEDIA AND PUBLIC GATHERINGS.
-NET WORTH: $15.5 BILLION.
-INDIA’S 4TH RICHEST MAN.

D’MART OWNER – THE

CAREER AS A BUSINESSMAN
- RK DAMANI HAS BEEN VERY INTERESTED IN CONSUMER
RETAILS FOR A LONG TIME. THAT’S WHY HE OPENED D-
MART IN 2002 WITH ONE STORE IN SUBURBAN MUMBAI.
-IN MARCH 2017, D-MART WENT PUBLIC BY OFFERING ITS

IPO, UNDER THE NAME OF THE PARENT COMPANY-
‘AVENUE SUPERMARTS’. THE IPO WAS A BIG HIT. AVENUE
SUPERMART OFFERED ITS SHARES TO THE PUBLIC AT
A PRICE OF RS 299 AND GOT LISTED AT RS 604 AFTER
OVER-SUBSCRIPTION.
-FURTHER, BY 2019, D-MART HAS OVER 176 STORES SPREAD ACROSS MAHARASHTRA, ANDHRA PRADESH, TELANGANA, GUJARAT, MADHYA
PRADESH, CHHATTISGARH, RAJASTHAN, NATIONAL CAPITAL REGION, TAMIL NADU, KARNATAKA, DAMAN AND DIU, AND PUNJAB.
-DMART STORES GENERATED A TOTAL REVENUE OF RS 19,916 CRORES IN THE YEAR ENDING MARCH 2019 .
-CURRENTLY, THE SHARES OF AVENUE SUPERMARTS ARE TRADING AT RS 2,372 PER SHARE, AS OF 30 APRIL 2020.
STRATEGIES ADOPTED BY HIM
- KEEP AN EYE ON THE LONG TERM
LIKE WARREN BUFFET, DAMANI TOO HAS BEEN A VALUE INVESTOR WHO
WOULD TAKE CANNY VIEW OF THE LONG TERM.
-SMALL IS BIG
DAMANI STARTED SMALL AND DID NOT HURRY TO EXPAND .
-VALUE YOUR PEOPLE

DAMANI BEGAN WITH BUYING A FRANCHISE OF APNA BAZAR. THAT WAS
WHEN HE BEGAN BUILDING PERSONAL RELATIONS WITH VENDORS AND
SUPPLIERS.
-GO LOCAL
DAMANI HAS CONFINED DMART TO THE WESTERN STATES. ONE
REASON FOR ITS SUCCESS IS HIS RELIANCE ON LOCAL SUPPLIES
INSTEAD OF ELABORATE SUPPLY CHAINS.
-GO SLOW
DAMANI ADOPTED A SLOW PACE WHICH GAVE HIM HIS FOCUS ON
PROFITABILITY.
-NO FRILLS
DAMANI KNEW THE PURPOSE BEHIND HIS ENTERPRISE WAS TO SUPPLY
CONSUMER GOODS AT LOWER PRICES. HE DID JUST THAT, WITHOUT
WASTING HIS ENERGY ON FRILLS.
-AVOID CREDIT
DAMANI KEEPS AWAY FROM CREDIT
AND PAYS SOONER THAN HIS
SUPPLIERS EXPECT.
-BUY LOW, SELL CHEAP
DAMANI KNEW WHAT HE WAS DOING.HE
PASSED ON THE COST BENEFITS TO HIS
CUSTOMERS, WHICH ENSURED
CONSISTENT FOOTFALL.
THANK YOU!
-VIDIT WADHWANI
-YOMI GOSAR
-YASH RAHEJA
-SHUBHAM JAIN

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RADHAKISH

- HIS FATHER WAS ALSO A PART OF STOCK MARKET BUSINESS

-BEFORE ENTERING THE STOCK MARKET, RK DAMANI HAD A

-RK DAMANI MADE A LOT OF MONEY BY INVESTING AND HOLDING MULTI-

-HE ALSO INVESTED IN VST INDUSTRIES AT AN AVERAGE OF RS 85 AND IT IS

-NET WORTH: $15.5 BILLION.

-INDIA’S 4TH RICHEST MAN.

-IN MARCH 2017, D-MART WENT PUBLIC BY OFFERING ITS

-VALUE YOUR PEOPLE

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