Radhakishan Damani, the founder of the retail chain DMart, is one of India’s most respected billionaires. As of 2025, his estimated net worth is approximately ₹1.70 lakh crore to ₹1.95 lakh crore (around $19 billion to $28 billion), with variations depending on the source and date of valuation.
The table below summarizes the different net worth figures reported for 2025, illustrating how market fluctuations and reporting timelines can affect the valuation.
| Source | Net Worth in USD (Billion) | Net Worth in INR | Context / As of Date |
|---|---|---|---|
| Trendlyne (Portfolio Value) | — | ₹195,033.7 Cr | Portfolio value as of September 2025 quarter |
| Motilal Oswal | — | ~₹1,29,000 Cr | Estimated wealth in 2025 |
| Fortune India | $26.53 | ₹227,543 Cr | Ranking as of June 30, 2025 |
| Planify | $20.5 | ~₹1.70 Lakh Cr | Estimate for 2025 |
| Forbes (via Indian Express) | $28.2 | ~₹2,31,000 Cr** | Ranking as of October 2025 |
| Bloomberg Billionaires Index | $19.0 | ~₹1,55,000 Cr** | Profile for 2025 |
| Note: INR conversions for Forbes and Bloomberg are approximate estimates based on typical exchange rates for reference purposes. |
📈 Sources of Wealth
Radhakishan Damani’s immense fortune stems from two primary pillars: his revolutionary retail business and a shrewd, long-term investment portfolio.
- DMart (Avenue Supermarts): The cornerstone of his wealth is his majority stake (around 59-61%) in Avenue Supermarts, the parent company of the DMart retail chain. Founded in 2002, DMart revolutionized Indian retail with its “Everyday Low Price” strategy, achieved through efficient supply chain management, low rental costs, and high-volume sales. The company’s highly successful Initial Public Offering (IPO) in 2017 was a major milestone that significantly boosted his wealth.
- Stock Market Investments: Before becoming a retail king, Damani was a legendary value investor on Dalal Street. His investment philosophy focuses on buying undervalued companies with strong fundamentals and holding them for the long term. His substantial portfolio includes major stakes in well-known companies. According to Trendlyne, his publicly disclosed stock portfolio was valued at over ₹195,033.7 crore as of the September 2025 quarter. Key holdings include:
- Sundaram Finance: Holding value of over ₹1,181.2 crore.
- Blue Dart Express: Holding value of ₹157.2 crore.
- 3M India: Holding value of ₹490.0 crore.
- Other significant holdings in companies like India Cements, VST Industries, and BF Utilities.
🛒 Business Model and Success Factors
DMart’s unparalleled success in a competitive market can be attributed to several key strategies:
- Everyday Low Price (EDLP) Strategy: DMart consistently offers products 5-10% cheaper than competitors, which builds strong customer loyalty and high sales volumes.
- Cost Leadership: The company maintains a low-cost structure by owning properties or securing long-term leases to reduce rental costs and running lean operations with minimal advertising spending.
- Customer-Centric Approach: By targeting the middle-income segment and focusing on their everyday needs, DMart has become a trusted household name.
💼 Investment Philosophy
Damani’s approach to investing, which has inspired a generation of investors, is characterized by:
- Value Investing: He seeks out companies that are undervalued by the market but have strong underlying business fundamentals.
- Long-Term Horizon: He is known for holding stocks for decades, ignoring short-term market noise.
- Margin of Safety: A principle inspired by Benjamin Graham, he invests with a cushion to minimize downside risk.
- Focus on Simplicity: He prefers simple, “old-economy” businesses that generate steady cash flows.
❓ Frequently Asked Questions (FAQ)
1. What is Radhakishan Damani’s net worth in 2025?
As of 2025, Radhakishan Damani’s net worth is estimated to be between ₹1.70 lakh crore and ₹1.95 lakh crore, making him one of the top 10 richest people in India.
2. How did Radhakishan Damani make his money?
He built his fortune through two main paths: first, as a successful stock market investor following value investing principles, and second, as an entrepreneur by founding and scaling the DMart retail chain into a national powerhouse.
3. What companies does Radhakishan Damani own?
His primary ownership is in Avenue Supermarts Ltd. (DMart). He also owns investment vehicles like Bright Star Investments Ltd. and holds significant stakes in various publicly traded companies such as India Cements, VST Industries, and Sundaram Finance.
4. What is Radhakishan Damani’s investment strategy?
He is a disciplined value investor. His strategy involves buying undervalued companies with strong fundamentals, ensuring a margin of safety, and holding them for the very long term.
5. Why is Radhakishan Damani called “media-shy”?
He is known for his extremely low profile, rarely giving interviews or making public appearances. He is often seen in simple, white traditional attire and prefers to let his business success speak for itself.
conclution
I hope this comprehensive article provides a clear picture of Radhakishan Damani’s net worth and business empire. If you have any more questions, feel free to ask!