Radhakishan Damani has become the most talked about face today. Radhakishan Damani was trolled a lot on different social media platforms on Wednesday.
Damani, 67, runs the chain of D-Mart. On Wednesday, the market cap of Radhakishan Damani's company Avenue Supermarts has reached Rs 2.17 lakh crore.
Born on 1 January 1957 in Bikaner, Rajasthan, Radhakishan Damani had reached Mumbai with his father while studying. While studying commerce from Mumbai University, his father died and he entered the world of business. Damani first extended his hand in the manufacture of ball bearings. But after some time he left the manufacturing work and started marketing.
Since then this cycle continues till date. In 2002, D-Mart opened its first store. Today D-Mart has 217 stores in the country. In the 18-year journey of D-Mart's business, Radhakishan Damani has given competition to Mukesh Ambani throughout the year. Damani, the father of 3 daughters, is today the sixth richest person in the country.
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Damani's company, which operates retail chain DMart, has overtaken companies such as Maruti Suzuki, Larsen & Toubro, UltraTech Cement and ONGC. Avenue Supermarts is now the 17th most valuable company in the country.
The company was listed in March 2017 and has given returns of more than 1000 per cent over its issue price in the last 4 years. The shares of DMart were issued in the price band of Rs 295-299. The company's market cap at the time of listing was less than Rs 40,000 crore. The stock was listed at Rs 604 and investors' money had doubled in a single day. The stock has gained 21 per cent so far this year.