Radhakishan Damani
Retail, investments · Mumbai
Net worth
$13.7B
Today
+$58M+0.43%Past month
+$806M+6.22%As of Nov 11, 2026, 1:50 PM EST
Veteran Mumbai investor Radhakishan Damani became India's retail king after the 2017 IPO of his supermarket chain Avenue Supermarts. Damani got into retailing in 2002 with one store in suburban Mumbai and has grown into a chain selling everything from grocery to apparel to footwear. Damani also holds stakes in a range of companies, such as tobacco firm VST industries. In June 2024, he and his younger brother sold their holding in India Cements to billionaire Kumar Birla. His property portfolio includes the 156-room Radisson Blu Resort in Alibag, a popular beachfront getaway close to Mumbai. Damani, together with his brother Gopikishan, who's also a billionaire, reportedly bought a house in south Mumbai in 2021 for more than $100 million.
Net worth over time
Principal holdings
12 positions| Company | Industry | Share | Value |
|---|---|---|---|
Avenue Supermarts BSE INDIA: 540376-IN | Fashion & Retail | 93.7% | $12.9B |
Private and other holdings | Fashion & Retail | 4.7% | $645M |
Sundaram Finance BSE INDIA: 590071-IN | Fashion & Retail | 0.5% | $70M |
VST Industries BSE INDIA: 509966-IN | Fashion & Retail | 0.5% | $69M |
3M India BSE INDIA: 523395-IN | Fashion & Retail | 0.2% | $29M |
United Breweries Ltd. BSE INDIA: 532478-IN | Fashion & Retail | 0.1% | $21M |
TSF Investments | Fashion & Retail | 0.1% | $11M |
Blue Dart Express BSE INDIA: 526612-IN | Fashion & Retail | 0.1% | $8M |
Bhagiradha Chemicals & Industries BSE INDIA: 531719-IN | Fashion & Retail | 0.0% | $4M |
Advani Hotels & Resorts (India) BSE INDIA: 523269-IN | Fashion & Retail | 0.0% | $2M |
BF Utilities Ltd. BSE INDIA: 532430-IN | Fashion & Retail | 0.0% | $2M |
Mangalam Organics BSE INDIA: 514418-IN | Fashion & Retail | 0.0% | $865K |
Also known for
- Damani was a mentor to late billionaire investor Rakesh Jhunjhunwala.
- Low profile Damani rarely makes appearances at public events and avoids speaking to the press.
- In 2023, he and his brother reportedly paid $155 million for 28 apartments in a luxury tower in mid-town Mumbai developed by fellow billionaire Vikas Oberoi.