Self made billionaire RadhaKrishna

Radhakrishan Damani is the 4th billionaire in India. He has 15.4 Billion Dollars according to Forbes as 17.6.2021. He is also a successful entrepreneur, trader, stockbroker and investor in India. He is called the king of the retail market in India.

 He was born on 15 March 1954 to a businessman family at Bikaner Rajasthan one of the states of India. His father's name is Shivkishanji Damani who had been working as Stockbroker in the Share market. He has a brother whose name is Gopikishan who also has been working in the share market as Stockbroker.

He took admission in  Bachelor of  Commerce at the University of Mumbai but did not complete the course. After leaving the education he started the business of trading. He purchased Ball and bearing at wholesale and sold retail.

He was married with Shrikantadevi. He has three daughters whose name is Manjri, Jyoti and Madhu.

When he was 30 years old his father died. Due to the death of his father, he closed the shop of ball and bearing. His family involved in the business of share so he started working with his brother. He started his career as a Stockbroker. He has been watching the ups and downs of share market for 12 months. He purchased the share of the company and sold the share and earn a profit.His father also had been working for 30 years in the share market so he knew the secrecy of the share market so he purchased the share of company that performance is good in the coming year. In this process, he earned maximum profit. He also for casting the ups and downs of the share market by a proper way. There are many time he lost money at the share market due to illegal trading.

Chandra Kant Sampat played an important role in the development of his career. Chandra Kant taught him how to predict the future of company.

He purchased the share of HDFC bank, Sundram Finance, ITC Company, Gillete, United Breweries,Blue Dart Express, India Cement and Andhra paper. The performance of most of the company is very well so earned maximum profit.

He has been learning many tricks, techniques from Manu Manek who was called the king of share market and applied all tricks in the share market and earned maximum profit.

He invested huge amount of money in Apna Bazar but the trading model of Apna Bazar is not liked by him so he left Apna Bazar.

He is the founder of D- Mart. It is an innovative market for Indian customers. It sells A to Z products of daily use at a genuine price under one roof. He purchased the product from manufactures at wholesale price and sold the product on a retail model. In this process, he earns profit because the price of the product is lesser than other retailers.

In other word, we can say that D mart is a combination of wholesale and retail. It purchases the product at wholesale and sells the product on a retail basis. It also saves the time energy, effort and resource of customers so it is very successful in Mumbai.

He launched the IPO of Smart in 2017. The IPO of DMart is very successful in the market. There are more than 200 DMart perform trading function inside India. At present Smart is the third largest mega retail store of India.

He also helps many people to work as stockbroker. Dinesh Bhandari and Rakesh Jhunjhunwahavehas been working under his leadership and earn maximum money from the share market.

According to experts, investors and scholars he has wisdom, patience, communication skill and for sighting skill that is essential to success in the share market and he possesses all these features so he is a very successful investor of India.

Comments

  1. A successful enterprenuer, trader, stockbroker, investor Radha Krishnan Damani is count as 4th billionaire in the world. Under the guidance of his father he was able to earn this profit and also established a mart consisting all things of daily use.

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  2. He is very honest. He struggled a lot to come this stage, Radhakishan Damani was the eighth richest Indian with a net worth.

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  3. A lifetime inspiration.

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  4. Having studied ,he started his work in different sectors .He achieved target in their sector whearas he is being bilinear according to Forbes list so young entrepreneurs learn from them how to start business in the different sectors .

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