Radhakishan Damani, a well-known Indian businessman, investor, and the fourth-richest man in India, founded D-mart. It was a difficult journey for him to get from Dalal Street to D-mart. A self-made billionaire, RK Damani. He is a leading investor in the Indian market and is frequently referred to as “Mr. White and White.” He belonged to a middle-class family from Bikaner, Rajasthan. He left his Commerce Bachelor’s programme to launch his first stockbroking company. He soon came to the realization that in order to profit from the market, he needed to trade and invest his money in the stock market, thus he started working as a stock trader on the Indian stock exchange.
RK Damani was a skilled trader who made significant gains from trading stocks. Before entering the stock market, he used to work in a small ball-bearing trading company in Mumbai. He gained money via shorting stocks during the 1990s stock inflation caused by Harshad Mehta’s unlawful methods. The largest individual stakeholder in HDFC Bank was Radhakishan Damani. He maintained a branch of the cooperative department store Apna Bazaar in Nerul in 1999, but he wasn’t confident in the business concept.
In 2000, after reaching great heights in the stock market company, he decided to leave it and join the retail sector. RK Damani founded the D-mart chain of his own hypermarkets in 2002. He opened his first store in Powai, and as of right now, India is home to 234 D-Mart locations.
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Also Read: From Dalal Street To D-Mart: Know The Inspiring Story Of Radhakishan Damani
