Introduction
Radhakishan Damani is an entrepreneur, investor, and the founder of DMart, one of India’s well-known retail chains. He is a self-made billionaire whose wealth has been built through investments and the growth of Avenue Supermarts, the company that operates DMart.
His mentor was Chandrakant Sampat, who helped him understand how to cope with various risky situations in the stock market. The financial condition of his family was not very strong after his father’s death, so he decided to invest in the stock market.
He spent much of his time understanding market speculation and observing market movements. His close observation of the market helped him understand fluctuations and identify opportunities through careful investing.
Radhakishan Damani also holds stakes in several companies. His net worth changes with market conditions and was estimated at around $14.3 billion as of September 2026, according to Forbes’ real-time profile.
Radhakishan Damani Wiki/Bio
| Field | Details |
|---|---|
| Real Name | Radhakishan Damani |
| Nick Name | Radhakishan, Mr. White and White |
| Date of Birth | 12 July 1955 |
| Age | 71 years (as of 2026) |
| Birthplace | Bikaner, Rajasthan, India |
| Hometown | Mumbai, Maharashtra, India |
| Nationality | Indian |
| Profession | Entrepreneur, Investor |
| Religion | Hinduism |
| Marital Status | Married |
Physical Appearance
| Category | Details |
|---|---|
| Hair Color | Salt and Pepper |
| Eye Color | Black |
Education and Qualification
| Category | Details |
|---|---|
| School | Local School in Bikaner |
| College | University of Mumbai |
| Qualification | First-year B.Com, College Dropout |
| Hobby | Walking at Girgaum Chowpatty |
Radhakishan Damani studied commerce at the University of Mumbai but left college after his first year. He later focused on business and the stock market.
Radhakishan Damani Family
| Family Member | Name |
|---|---|
| Father | Shivkishanji Damani |
| Mother | Name Not Known |
| Brother | Gopikishan Damani |
| Sister | None |
| Wife | Shrikantadevi Radhakishan Damani |
| Children | Three Daughters |
Radhakishan Damani’s father, Shivkishanji Damani, was associated with the stock market business. After his father’s death, Damani faced financial difficulties and decided to follow in his father’s footsteps by entering the stock market.
He and his wife, Shrikantadevi Damani, have three daughters: Manjiri Damani Chandak, Jyoti Kabra, and Madhu Chandak.
Radhakishan Damani Early Life
Radhakishan Damani was born on 12 July 1955 in Bikaner, Rajasthan. His family later lived in Mumbai, where he studied commerce.
He initially worked as a trader in ball bearings and was not particularly interested in the stock market. After the death of his father, the financial condition of the family became difficult, and he decided to enter the stock market.
He closed his own business and began helping his brother, who was already involved in stockbroking. In the beginning, Damani focused on learning how the market worked rather than immediately trying to become a successful investor.
He spent considerable time observing market movements and studying speculation. His approach gradually changed as he learned more about investing and market behaviour.
Radhakishan Damani Career
Radhakishan started his career as a trader in ball bearings before entering the stock market. After his father’s death, he became involved in stockbroking and investing.
At the beginning of his stock market journey, he focused on understanding market movements and learning how different situations affected share prices. He initially worked as a speculator but later moved towards a more long-term investment approach.
In the early 1990s, Damani made significant gains from short-selling during a period of major market activity. He also studied the strategies used by market operators and investors of that period.
Over time, he became known for his investment approach and built a portfolio with stakes in several companies.
Radhakishan Damani and Harshad Mehta
The late 1980s and early 1990s were a significant period in the Indian stock market. He became involved in the market during a period when speculation and short-selling were important parts of trading activity.
Damani was among the investors who took positions against stocks associated with the market rally during the Harshad Mehta era. He used short-selling strategies and made profits when some heavily valued stocks declined.
The market turmoil surrounding the Harshad Mehta securities scam also influenced Damani’s investment approach. Over time, he moved towards long-term investments and began investing in banking companies, consumer businesses, and multinational companies.
Radhakishan Damani and DMart
Radhakishan Damani later moved from stock market investing into the retail business.
In 1999, Damani and his brother became involved with an Apna Bazaar franchise. After studying the retail business, Damani decided to develop his own retail model.
In 2002, he launched the first DMart store in Powai, Mumbai. The company was later operated through Avenue Supermarts Limited.
DMart expanded gradually across India and became one of the country’s major retail chains. According to Avenue Supermarts’ June 2026 business update, DMart had 503 stores as of 30 June 2026.
The official DMart website states that the first store was launched in Powai in 2002 and that the chain is owned and operated by Avenue Supermarts Ltd.
Radhakishan Damani Investment Portfolio
Apart from DMart, Damani has held investments in several Indian companies. His investment portfolio has included businesses from different sectors.
Forbes describes his source of wealth as retail and investments and notes that he holds stakes in companies including Avenue Supermarts and VST Industries.
His investment journey has been closely associated with long-term observation of businesses, market movements, and value-based investing.
Radhakishan Damani Net Worth
Radhakishan Damani’s net worth changes according to the value of his investments and the performance of Avenue Supermarts.
Forbes’ real-time profile listed his net worth at approximately $14.3 billion as of 15 September 2026. Forbes’ March 2026 India billionaires list had estimated his wealth at $15.7 billion as of 1 March 2026.
Therefore, celebrity and billionaire net worth figures should be treated as estimates rather than fixed amounts.
Radhakishan Damani House
He and his brother Gopikishan Damani purchased a property in Mumbai’s Malabar Hill area for ₹1,001 crore in 2021.
The property, known as Madhu Kunj, is located on Narayan Dabholkar Road in South Mumbai. Reports stated that the property covered around 1.5 acres and had a reported ready-reckoner value of approximately ₹724 crore. The buyers also paid around ₹30 crore in stamp duty.
The purchase became one of the most notable luxury residential property transactions in Mumbai at the time.
Radhakishan Damani Real Estate Investments
Radhakishan Damani and his family have made several high-value real estate investments.
Apart from the Malabar Hill property, reports have also linked the Damani family with other valuable properties in Mumbai and Alibag. Forbes notes that his property portfolio includes the Radisson Blu Resort in Alibag and that he and his brother reportedly acquired 28 apartments in a luxury Mumbai tower in 2023.
The Damani family’s real estate holdings have therefore become another important part of their overall asset portfolio.
Radhakishan Damani Career Highlights
- Started his professional journey as a ball-bearing trader.
- Entered the stock market after his father’s death.
- Developed experience in stockbroking, speculation, and investing.
- Became known for his investment approach and market observations.
- Entered the retail business with DMart.
- Launched the first DMart store in Powai, Mumbai, in 2002.
- Built Avenue Supermarts into a large retail business.
- Continued to hold investments across several companies and sectors.
Frequently Asked Questions
Who is Radhakishan Damani?
Radhakishan Damani is an Indian entrepreneur, investor, and the founder of DMart, which is operated by Avenue Supermarts Limited.
What is Radhakishan Damani’s age?
Radhakishan Damani was born on 12 July 1955 and is 71 years old as of 2026.
When did Radhakishan Damani start DMart?
Radhakishan Damani launched the first DMart store in Powai, Mumbai, in 2002.
Who is Radhakishan Damani’s wife?
Radhakishan Damani’s wife is Shrikantadevi Radhakishan Damani.
How many children does Radhakishan Damani have?
Radhakishan Damani and his wife have three daughters.
What is Radhakishan Damani’s net worth?
Forbes’ real-time profile listed Radhakishan Damani’s net worth at approximately $14.3 billion as of 15 September 2026. His net worth changes with market conditions.
How many DMart stores are there?
Avenue Supermarts reported that DMart had 503 stores as of 30 June 2026.
