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Radhakishan Damani Biography: Age, Career, Family and More

F4U Editorial Desk • Updated October 6, 2026 • 3 min read

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Quick Info

Date of birth1954

Age67 Years (as of 2021)

BirthplaceBikaner, Rajasthan

ProfessionBusinessman, Stockbroker, Investor

NationalityIndian

Marital statusMarried

SpouseShrikantadevi Radhakishan Damani

FamilyThree daughters: Manjri Damani Chandak, Jyoti Kabra, Madhu Chandak

Net worth$17.2 billion (as of March 2024)

Radhakishan Damani Biography

Radhakishan Damani is an Indian businessman, investor and founder of retail chain DMart. A former stockbroker from a Marwari trading family, he is known as

Early life and background

Radhakishan Damani was born in 1954 in Bikaner, Rajasthan, into a family connected to the stock market. His father, Shivkishanji Damani, worked as a stockbroker, and his brother Gopikishan Damani later became an investor. Damani attended the University of Mumbai but left during his first year of commerce studies to pursue business activities. He is identified with a Marwari background and later made Mumbai his hometown and base.

Career

Damani began his professional life on Dalal Street, following the family connection to stockbroking. In his early years as a broker and investor he developed a reputation for patient observation of market movements and learned short-selling strategies from experienced traders. He formed close trading associations in the 1980s and 1990s and built a track record of long-term equity investments across a range of Indian companies.

Over time Damani accumulated notable holdings in firms such as VST Industries, HDFC, Sundaram Finance, ITC, Gillette India, Crisil, ICRA, 3M India, Blue Dart Express, Prozone Intu Properties, Uniply Industries, India Cements and Andhra Paper. Some of these investments delivered large returns: for example, his VST Industries purchase around 2000 and early HDFC Bank shares bought in 1995 appreciated significantly by 2020.

After establishing himself in the markets, Damani shifted focus toward retail. He bought an Apna Bazar franchise in 1998 but chose to build his own format. In 2002 he founded DMart, registered as Avenue Supermarts Ltd., opening the first store in Powai. DMart expanded steadily; by 2020 the chain operated more than 200 stores across India. The company went public with an initial public offering in March 2017. The market valuation and share price of DMart rose markedly in the subsequent years.

Public profile

Damani is known for a low public profile. He rarely gives interviews and keeps a reserved presence outside the businesses he runs. Close acquaintances have given him nicknames that reflect his personal habits, including a reference to his preference for wearing white clothing.

He has been described by peers as a patient, shrewd investor who sometimes assisted smaller market participants in times of crisis, taking on positions to help those who were unable to sell. Several prominent Indian investors have acknowledged his influence on their approach to markets.

Personal life

Damani lives in Mumbai and is married to Shrikantadevi Radhakishan Damani. The couple have three daughters: Manjri Damani Chandak, Jyoti Kabra and Madhu Chandak. His personal routines have been noted as simple; he follows a vegan diet and enjoys walking at Girgaum Chowpatty. Physical descriptions in public sources note black eyes and salt-and-pepper hair.

Latest updates

As of March 2024, sources report that Damani was ranked among India’s richest individuals and that his assets include hospitality and coastal properties near Mumbai. A dramatized portrayal inspired by his life appears in the popular web series Scam 1992: The Harshad Mehta Story, where an actor depicts a character based on him.

Legacy and reputation

Damani is widely recognized for transitioning from stockbroking and long-term equity investing into one of India’s notable retail entrepreneurs. His approach—emphasizing patience, value and restraint—has been cited by contemporaries, and his work building a national supermarket chain has had a visible impact on Indian retail.

Editorial Review and Sources

This F4U profile is written from publicly available career and profile information, then reviewed for clarity before publication. If you spot an outdated detail about Radhakishan Damani, send the page URL and a reliable correction source to f4udotin@gmail.com.

Reference context: StarsUnfolded

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Recent Work

DMart (Avenue Supermarts Ltd.)

Founded DMart in 2002; grew the supermarket chain to over 200 stores by 2020 and launched the company's IPO in March 2017.

2002–2020
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Career Highlights

  1. Founded DMart (Avenue Supermarts Ltd.) and expanded it into a nationwide retail chain.
  2. Built a long-term investment portfolio with significant holdings in major Indian companies.
  3. Started career as a stockbroker on Dalal Street and became known for patient, value-driven investing.
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Net Worth

$17.2 billion (as of March 2024)

Figures are editorial estimates based on publicly available reporting and may change as new information emerges.

Reviewed by F4U Editorial Desk

F4U profile pages are prepared from public career information, checked for readability, and updated when reliable correction sources are shared with the editorial team.

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Frequently Asked Questions

When was Radhakishan Damani born?

Radhakishan Damani was born on 1954.

What is Radhakishan Damani known for?

Radhakishan Damani is known for businessman, Stockbroker, Investor.

What is Radhakishan Damani’s marital status?

Radhakishan Damani's marital status is listed as Married.

Who is Radhakishan Damani married to?

Radhakishan Damani is publicly listed as married to Shrikantadevi Radhakishan Damani.

What is Radhakishan Damani’s net worth?

Radhakishan Damani's net worth is commonly listed as $17.2 billion (as of March 2024), based on available public profile information.