D-Mart’s Owner Radhakishan Damani Becomes Second Richest Man In India After Mukesh Ambani
D-Mart’s Owner Radhakishan Damani Becomes Second Richest Man In India After Mukesh AmbaniAspiration and affordability go hand in hand for D-Mart.

Avenue Supermarts, which is doing business as D-Mart, founder Radhakishan Damani has now become the second richest Indian after Reliance Industries ltd chairman Mukesh Ambani, reports Financial Express.

Notably, he has left behind many heavyweights to acquire the coveted spot including the likes of philanthropist Shiv Nadar, banker Uday Kotak, and industrialists Gautam Adani and Lakshmi Mittal.

As per the Forbes’ Real Time Billionaires’ Index, Damani en-masses a total wealth of $17.9 billion, and is just behind RIL chairman Mukesh Ambani who is not only India’s but Asia’s richest man having a total net worth of $57.9 billion.

It should be noted that Avenue Supermarts Ltd. is one of the most profitable grocery chains in India and has 196 store in the country. It was listed in 2017 with initial m-cap at Rs 39,988 crore, which now has sky-rocketed to Rs 1.58 lakh crore.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber