The famous Indian entrepreneur, investor, and the 4th richest man of India, Radhakishan Damani is the founder of D-mart. His journey from Dalal Street to D-mart was not an easy one. RK Damani is a self-made billionaire. He is often known as ‘Mr. White and White’ and is a top-most investor of the Indian market. He belonged to a middle-class family from Bikaner, Rajasthan.
To start his first stockbroking business, he stepped out of his Bachelor’s Degree in Commerce. Soon he realized that to earn money from the market, he needs to invest and trade his money in the stock market and became a stock trader in the Indian stock market.
Rk Damani was a flexible trader who made huge profits from stock trading. In Mumbai, he used to work in a small ball-bearing trading business before entering the stock market.
In the 1990s, when stocks were inflated due to illegal means by Harshad Mehta, he made profits from short-selling stock. Radhakishan Damani was the largest individual shareholder of HDFC Bank. In 1999, he operated a franchise of Apna Bazaar which was a cooperative department store in Nerul but he was unsure of the business model.
When he had achieved great heights in the stock market business, he quit it in 2000 and he decided to be a part of the retail industry. In 2002, RK Damani started his own hypermarket chain, D-mart. He set up the first store in Powai and now he has 234 D-Mart stores across India.
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