Last couple of days, nundi internet lo, TV lo, newspapers lo ekkada chusina Radhakishan Damani, the founder of DMart peru vinipinchadame kadu, kanipistundi kuda. Monnati varaku Top 10 Indian Billionaires list lo leni Damani sudden ga eeroju India’s Second Most Richest Person ga ela aiyyaru ante ee inspiring success story chadavalsindhe.
Damani started his career as Trader after B.Com dropout:
University of Mumbai lo chaduvtunna RK Damani B.Com madhyalone apesi trading business loki enter aiyyaru. Radhkishan Damani started his career as Trader in ball bearings and he had no intention to enter the stock market at that time. His father’s sudden demise at the age of 32 made him enter into the stock market business.
Later Damani started investing money as an investor. 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%.
His strategy of investing and betting on companies for the longer run made him Value Investor:
Late 80’s and 90’s lone multinational stocks lo invest cheyadam and over the period of time, he has transformed himself into a Value Investor at the stock market. Where some of his Investments include GE Capital Transportation Industries ion (1.43% stake), VST Industries (23.97% stake), Samtel Ltd (3.05% stake), Schlafhorst Eng (I) (1.05% stake), Somany Ceramics (2.79% stake), Jay Shree Tea (1.07% stake), 3M India (1.48% stake), and many more made him as a Value Investor.
After he gained huge profits by investing money Damani decided to enter consumer business:
Stock market business lo trader ga, broker ga investor ga manchi name vacchina Damani ni andaru ‘Mr. White and White’ ani pilichevaru. After that Damani decided to enter business and in 2002, Damani started DMart consumer retail chain under the Avenue Supermarts Ltd. Mumbai lo unna Powai’s Hiranandani Gardens lo first branch chesaru akkada response chusi Mumbai, Maharashtra mottham outlets open chesi affordable prices ke groceries and home needs sale cheydam start chesaru DMart outlets dwara.
DMart became a game changer in the retail market beating Future Group and Reliance Retail in the industry.
In the span of just 13 years, DMart earned huge profits with just 65 stores, which weren’t pan India. Their sales per store was somewhere close to Rs. 53 crores, while Reliance was making around Rs. 7.45 crores per store. And ikkada inko interesting point entante 1000 crores unna Future Group stores vallu Rs.14,201 turnover, 1450 stores unna Reliance Retail vallu Rs.10,800 crores gain chesthe DMart ee mark just 65 stores tho chesindi.
With thumping revenues every year & after company announced a share sale for institutional investors which changed the life of Radhakishan Damani in overnight:
DMart went on to make a huge profit every year Rs. 4,500 crore revenue in 2014, and Rs. 6450 crores in 2015. Ila every year DMart revenues growth avvadam ee roju Indian wide ga 196 stores ni successful ga run chesthu company listed with a market capitalisation of Rs 39,988 crore on March 21, 2017.
And recently Damani & Avenue Supermarket announced to sell their share values for 2.28 per cent stake (1.48 crore shares) to institutional investors. After this incident Damani’s net worth surged thanks to nearly 16 per cent jump in DMart shares over the past 10 days and earned Rs. 6000 Crores in just 2 days.
Very next Damani became a India’s Second Most Richest person crossing HCL’s Shiv Nadar ($16.5 billion), Uday Kotak ($14.9 billion) and Gautam Adani ($14.1 billion) with the total wealth of $17.9 billion, and he is just behind RIL chairman Mukesh Ambani who is not only India’s but Asia’s richest man having a total net worth of $57.9 billion.