Radhakishan Damani Portfolio 2024: Radhakishan Damani, a luminary in the Indian stock market and the founder of DMart, has become synonymous with success in both retail and investing. As of 2024, his portfolio stands as a testament to his strategic acumen. In this blog post, we delve into the intricacies of Radhakishan Damani’s 2024 portfolio, exploring details about his net worth, age, personal life, and the investment strategies that have propelled him to the pinnacle of India’s richest individuals.
Personal Details of Radhakishan Damani
Understanding the person behind the portfolio adds depth to the narrative. Here are key personal details about Radhakishan Damani:
- Full Name: Radhakishan Shivkishan Damani
- Date of Birth: 12th July 1955 (Age: 68)
- Occupation: Business Owner, Investor
- Marital Status: Married
- Children: 3
Radhakishan Damani Portfolio Snapshot 2024
Over the last couple of decades, Radhakishan Damani has meticulously crafted a stock portfolio worth approximately Rs. 2 lakh crore, solidifying his position among the wealthiest individuals in India. As of September 2023, some key holdings in his portfolio include:
- Avenue Supermarts Ltd.
- Holding Value: Rs. 160,343.2 Cr
- Holding Percentage: 67.20%
- VST Industries Ltd.
- Holding Value: Rs. 1,550.5 Cr
- Holding Percentage: 30.70%
- India Cements Ltd.
- Holding Value: Rs. 1,342.1 Cr
- Holding Percentage: 20.80%
- Trent Ltd.
- Holding Value: Rs. 1,150.4 Cr
- Holding Percentage: 1.50%
- Sundaram Finance Ltd.
- Holding Value: Rs. 842.9 Cr
- Holding Percentage: 2.40%
- United Breweries Ltd.
- Holding Value: Rs. 515.0 Cr
- Holding Percentage: 1.20%
- 3M India Ltd.
- Holding Value: Rs. 496.4 Cr
- Holding Percentage: 1.50%
- Blue Dart Express Ltd.
- Holding Value: Rs. 195.6 Cr
- Holding Percentage: 1.30%
- Sundaram Finance Holdings Ltd.
- Holding Value: Rs. 52.6 Cr
- Holding Percentage: 1.90%
- Aptech Ltd.
- Holding Value: Rs. 47.8 Cr
- Holding Percentage: 3.00%
Radhakishan Damani’s Journey
Radhakishan Damani journey from a small town in Maharashtra to becoming the second richest person in India is nothing short of inspiring. After starting his investment career following his father’s passing, Damani made a mark by short-selling stocks during the Harshad Mehta scam.
He founded DMart in 2000, launching the first store in Powai in 2002. The retail giant went public in 2017, witnessing a remarkable increase in valuation from Rs. 18,000 crore during the IPO to Rs. 2,90,000 crore in June 2023.
Radhakishan Damani Net Worth
As of my last knowledge update in January 2022, Radhakishan Damani net worth was estimated to be over $20 billion. However, it’s important to note that net worth figures can change over time due to various factors such as market fluctuations, business developments, and investments.
For the most current and accurate information on Radhakishan Damani net worth in 2024, I recommend checking reliable financial news sources, Forbes billionaire rankings, or the latest financial reports related to his businesses and investments. Net worth figures are subject to change, and the most recent data will provide the most accurate representation of his current financial standing.
Investment Strategy of Radhakishan Damani
Radhakishan Damani investment strategy is built on enduring principles that have guided his success:
- Value-Oriented Approach:
- Damani adopts a value-investing approach, emphasizing long-term earnings growth over short-term market fluctuations. He seeks out companies with proven track records and competitive advantages.
- Fundamental Bottom-Up Research:
- His strategy involves meticulous fundamental bottom-up research to identify businesses with robust structural positioning, sustainable competitive advantages, and long-term growth potential.
- Diversification Across Sectors:
- Damani actively diversifies his portfolio across various sectors, ensuring a balanced approach to mitigate risk and capitalize on opportunities.
- Risk Management:
- Incorporating risk management techniques, Damani avoids highly leveraged or speculative investments and maintains a cash reserve to navigate market uncertainties.
FAQs on Radhakishan Damani Portfolio:
- What is Radhakishan Damani Portfolio Net Worth?
- As of October 2023, Radhakishan Damani’s portfolio holding’s net worth is close to Rs. 1,80,000 crore.
- Who is the 2nd Richest Person in India?
- Radhakishan Damani, also known as RK Damani, has become the 2nd richest person in India after DMART’s stock price surged significantly following its IPO in 2017.
- Who is Radhakishan Damani’s Brother?
- Gopikishan Damani is Radhakishan Damani’s brother.
- How Many Children Does Radhakishan Damani Have?
- Radhakishan Damani has three daughters.
- What are Radhakishan Damani’s Best Investments?
- Some of Radhakishan Damani’s notable investments include ‘GE Capital Transportation Industries,’ ‘VST Industries,’ ‘Samtel Ltd,’ ‘Schlafhorst Eng (I),’ ‘Somany Ceramics,’ ‘Jay Shree Tea,’ ‘3M India,’ ‘Century Textile and Industries,’ ‘Trent,’ ‘VB Holdings,’ ‘TV Today Network,’ and ‘Jubilant FoodWorks Limited.’
Worth considering: Dolly Khanna Portfolio 2024, Net Worth, Small Cap, Blog, and Personal Insights
Conclusion
Radhakishan Damani’s journey from a small-town investor to a business magnate and investor extraordinaire is a story of resilience, strategic foresight, and disciplined investing. As we navigate through 2024, his portfolio continues to reflect a balance of diversity and value-driven choices, positioning him as a guiding force in India’s financial landscape. Keep an eye on Damani’s portfolio for insights into the mind of a visionary investor.
