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Radhakishan Damani

The legend of Radhakrishna Damani: The creator of DMart

Today, Damani's brainchild DMart is a nationwide network of over 200 stores Bengaluru: Nearly two decades and a year have passed since Radhakishan Damani, India's retail magnate, established DMart, a venture that propelled his wealth to ₹1,39,053 crores. With a pre-existing...

DMart’s Q4 net profit rises 7.8% to Rs 460 crore

DMart's revenue from operations was 20.57% higher at Rs 10,594.11 crore during the quarter under review as against Rs 8,786.45 crore in the corresponding quarter last fiscal New Delhi: Avenue Supermarts Ltd, which owns and operates the retail chain DMart,...

Radhakishan Damani sells stake in Tata Group's Trent

Promoter of Avenue Supermarts, Radhakishan Damani, and persons acting in concert (PACs), have trimmed their stake in Tata Group's retail arm Trent by selling over 28.22 lakh shares in the open market for an estimated sum of over Rs...

Amid e-tail battle, D-Mart turns 2 stores into fulfilment centres

As the e-commerce battle intensifies in India, with Reliance Retail's JioMart being the latest major entrant with a massive potential to disrupt the space, Radhakishan Damani-led D-Mart also is giving a major emphasis on the online segment. DMart has shut...

Radhakishan Damani contributes Rs 100 cr to PM CARES Fund

Promoter of Avenue Supermarts, Radhakishan Damani has contributed Rs 100 crore to the PM-CARES Fund for the fight against the coronavirus pandemic. He also contributed Rs 55 crore to several state relief funds. Damani has made the contribution through his...

Patanjali's Balkrishna, D-Mart's Damani in Hurun India Rich List 2017

Acharya Balkrishna, the head of yoga expert Baba Ramdev-run FMCG company Patanjali and Radhakishan Damani of D-Mart have found their place along with Mukesh Ambani's in the Hurun India Rich List 2017. A massive rally in the stock market and...

Avenue Supermarts post 47.6 pc jump in Q1 net profit

Avenue Supermarts, which runs the D-Mart supermarkets chain, has posted a 47.6 per cent jump in its net profit at Rs 174.77 crore for the quarter ended June 30. According to a PTI report: The company had reported a net...

Top 12 Retail and Consumer Products Billionaires in India 2017

American business magazine Forbes released its annual list featuring richest people in the world on March 20, 2017. It was a record year for the richest people on earth, as the number of billionaires jumped 13 per cent to 2,043...

D-Mart strikes gold by getting the basics of retail right

While majority of retailers, both brick-and- mortar and online are reeling under pressure to make their bottomlines positive, the low-profile Mumbai-based D-Mart has breathed life into the challenging retail sector as it debuted on the stock market with a bumper...

D’Mart: Balancing the ownership vs. leasing act

The recently-closed Rs. 1,870-crore D’Mart public offering got listed at Rs. 604.40 - a 102.14% premium over its issue price of Rs. 299 per share. It received bids for 463.61 crore shares against the total issue size of 4.43...
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