Radhakishan Damani: Net Worth, Age, DMart Empire & Strategy

Radhakishan Damani is one of India’s most low-key yet powerful billionaires. Known for his deep understanding of stock markets and business operations, he transformed from a quiet investor into the retail king of India with his iconic brand, DMart.

Radhakishan Damani’s net worth is eclipsed by his reputation for integrity, patience, and humility. A reticent man who lets his investments and businesses speak for themselves.

Key Information at a Glance:

Nationality: Indian

Primary Industries: Retail, Investment, Real Estate

Key Companies Founded/Associated With: DMart (Avenue Supermarts), Derive Trading

Notable Achievements / Impact:

Founded DMart, India’s most profitable retail chain
Created immense shareholder value post DMart IPO
Mentor of India’s ace investor Rakesh Jhunjhunwala
Created one of India’s most coveted retail business models

Net Worth: $18.3 billion (Forbes, 2025)

Awards & Recognition: In the top 10 richest Indians, respect for simplicity and long-term value investing

Early Life & Influences

Radhakishan Damani was born on July 12, 1955, in Bikaner, India, and Radhakishan Damani’s age is 69 (as of 2025). After his father died, he dropped out of college to work in the stock market. Growing up in a Marwari family, he learned thrift, risk assessment, and business foresight, which ultimately became the core of his philosophy.

The Entrepreneurial Journey / Rise to Prominence

Damani, who started as a stock market investor in the 1980s. By the 1990s, he was known as a cautious and conservative trader who bet on the long term. His big moment was in 2002, when he set up DMart in Mumbai — a no-frills, high-efficiency retail model that would challenge the dominance of big chains.

DMart has been expanding across India, with Damani also having a strong belief in value creation. The 2017 IPO was big news, generating huge wealth for investors and transforming Damani into a household name.

Important Innovations & Contributions

The DMart founder, who created India’s most efficient and profitable supermarket chain
Was at the center of the disruption of retail in India with his lean-cost, high-throughput model
Strategically establish real estate to support retail operations from the ground up.
Inspired a generation of investors with the Damani investment style—value-driven, long-term focused
Keeps its portfolio diversified — look for blue-chip and high-growth company holdings on the Radhakishan Damani share list.

Leadership Style & Philosophy

Damani is celebrated for his simplicity, discipline, and foresight. A mentor to Rakesh Jhunjhunwala, he rarely makes public appearances or gives interviews. He used to say, “Wealth is the product of being right and sitting tight.” His patience and focus on quality make him a role model in Indian investing circles

Legacy & Enduring Impact

With DMart and through savvy investing, Radhakishan Damani has transformed how India shops and invests. His children, Manjri Chandak, Madhu Chandak, and Jyoti Kabra, keep a low profile, much like him, as he continues to build silently but steadily.

Challenges & Controversies

Unlike many tycoons, Damani has managed to avoid any major run-ins. His only diet worry: how to keep pace with the rapidly changing Indian retail market. However, with DMart’s business model and a loyal customer base, he is doing just fine.