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Investment mantras of DMart founder and chairman, Radhakishan Damani
2 min read | Updated on June 10, 2024, 17:53 IST
SUMMARY
From 2016 to 2024, Mr Damani managed to grow his wealth at a CAGR of 69.3%! His journey, however, is a long one, with a lot of lessons for any investor. In this article, we look at the investment mantas of Radhakishan Damani, Indian billionaire investor, businessman, and the founder and chairman of the leading retail chain DMart.
The net worth of Mr Damani is pegged at over $21 bn.
Mr Radhakishan Damani, a successful investor, started as a stockbroker at BSE in the 1980s. Renowned as the "Retail King", he is admired for his investment acumen and strategic insights. He has made significant contributions to India’s retail industry, majorly through the establishment and growth of DMart (listed as Avenue Supermarts).
His investment strategy has influenced many other successful investors, including the late Mr Rakesh Jhunjunwala. As recently as April 2024, his estimated net worth was pegged at approx. $21.2 billion.
Let's look at some of the key tenets of his investment philosophy:
Radhakishan Damani's investment portfolio as of March 24, 2024
Source: Trendlyne
What does this mean for investors?
To most investors, the framework mentioned above must seem extremely basic. While it looks easy in theory, practicing these strategies is a different ball game altogether. Qualities such as perseverance, resilience, and strategic thinking are critical to investment success. Mr Damani has created his wealth over his lifetime, and his influence on some of the most successful Indian investors of the day is a testament to the success and efficacy of his investment approach
Disclaimer: This article is for informational purposes only and must not be considered investment advice. Investors should consult with experts before making any investment decisions.
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