#Radhakishan Damani stocks

[topinvestors]

Radhakishan Damani portfolio, corporate shareholdings and investments

Started investing at the age of 32, Damani’s investing preference include long term view, buying quality stocks with strong fundamentals, diversifying the portfolio & rebalancing the portfolio on a prompt basis. Apart from investing, he has also created a successful retail company Avenue Supermarket which runs more than 200 DMart stores in India. These are the shares held by RadhaKishan Damani as…

[kamana-mishra]

Radhakishan Damani Portfolio, Shareholdings & Investments: An In-Depth Look

Radhakishan Damani, a legendary figure in the Indian stock market, is best known as the founder of Avenue Supermarts, the parent company of the DMart retail chain. His investment strategies, characterized by patience and a keen eye for value, have earned him a reputation as one of India's most successful investors. In this article, we explore the key components of Damani's portfolio, shareholdings, and investments, with detailed insights from Finology Ticker.

Understanding Radhakishan Damani’s Investment Approach

Damani’s investment philosophy is rooted in identifying companies with strong fundamentals, competent management, and significant growth potential. He tends to hold his investments for the long term, allowing the benefits of compounding to enhance his returns. His portfolio is a blend of established, stable companies and promising growth stocks.

Key Holdings in Radhakishan Damani’s Portfolio

1. Avenue Supermarts Ltd. (DMart)

Sector: Retail

Description: DMart is the cornerstone of Damani's portfolio. The company operates a highly efficient chain of hypermarkets and supermarkets across India, known for its customer-centric approach and low-cost operations. DMart’s impressive financial performance and consistent growth make it a flagship investment for Damani.

2. VST Industries Ltd.

Sector: Tobacco

Description: VST Industries is a major player in the tobacco sector, producing a wide range of tobacco products. Damani’s investment in VST Industries highlights his preference for companies with stable revenue streams and regular dividend payouts.

3. India Cements Ltd.

Sector: Cement

Description: India Cements is one of the largest cement manufacturers in India. With its extensive production capacity and distribution network, the company has a significant presence in the market. Damani’s long-term stake in India Cements reflects his confidence in the infrastructure and construction sectors’ growth prospects.

4. Trent Ltd.

Sector: Retail

Description: Trent operates several retail brands, including Westside and Zudio. The company’s diverse product offerings and strategic growth plans make it an attractive investment in Damani’s portfolio.

5. Blue Dart Express Ltd.

Sector: Logistics

Description: Blue Dart is a leading logistics and courier service provider in India. Known for its extensive network and reliable services, Blue Dart is a strategic investment for Damani, leveraging the growing demand for logistics solutions.

6. Sundaram Finance Ltd.

Sector: Financial Services

Description: Sundaram Finance offers a variety of financial products, including loans, insurance, and asset management. The company’s prudent management and consistent performance align with Damani’s investment philosophy.

7. 3M India Ltd.

Sector: Diversified

Description: 3M India operates in multiple sectors, including healthcare, consumer goods, and industrial products. The company’s innovative approach and diversified revenue streams make it a valuable part of Damani’s portfolio.

8. United Breweries Ltd.

Sector: Beverages

Description: Known for its flagship brand Kingfisher, United Breweries is a dominant player in the alcoholic beverages market. Its strong market position and consistent growth have made it a significant holding in Damani’s portfolio.

Insights from Finology Ticker

Finology Ticker provides a comprehensive overview of Radhakishan Damani's portfolio, shareholdings, and investments. The platform offers detailed information on the performance and financial metrics of the companies in his portfolio, including current share prices, market capitalization, price charts, and balance sheets. This data allows investors to analyze Damani’s investment strategies and the rationale behind his stock selections.

Conclusion

Radhakishan Damani’s portfolio is a reflection of his disciplined investment strategy and deep understanding of market dynamics. His focus on companies with strong fundamentals and growth potential has consistently delivered impressive returns. For investors and market enthusiasts, studying Damani’s portfolio, as detailed on Finology Ticker, provides valuable insights into effective investment strategies and potential market opportunities. By examining his shareholdings and investments, one can gain a better understanding of the principles that drive long-term success in the stock market.

[riverwoodcapital1]

Radhakishan Damani's Investment Secrets: A Deep Dive into His Portfolio

💼🔎 Ever wondered about the investment strategies of the legendary Radhakishan Damani? Here's your chance to peek into his portfolio! Join us as we unravel the secrets behind Damani's successful investments in our latest article - 'Radhakishan Damani's

Who is Radhakishan Damani? Radhakishan Damani is a prominent Indian investor who has made a name for himself in the investing world by following a disciplined and value-oriented investment approach. Damani is the founder of Avenue Supermarts, which operates DMart, India’s largest retail chain. He is widely regarded as one of the most successful investors in India and has amassed a significant…

[sharebazaar-intensifyresearch]

Radhakishan Damani portfolio stock Avenue Supermarts surges 15% after Q3 business update

Intensify Research services is a Top SEBI registered Research analyst indore committed to empowering investors with the most reliable stock market insights. Our team of expert analysts uses advanced tools and strategies to provide you with high accuracy stock market tips that enhance your chances of success. To visit- Intensifyresearch.com

[equitymarketadvisor]

5 Effective Investment lessons by Top Investors

Value investing is a smart way to invest in stocks, it’s like buying something for less than its actual worth. This move protects your hard earned money from losing its value, even if the company isn’t doing as well as you expected it to perform, overtime, it leads to big profits because then money starts growing faster, this strategy focuses on investing in companies that are strong and have a good future.

Our top investors, time and again, from generations, have taught us the importance of investing and along with that some lessons that can help us from entering the market blindly to reduce the chances of major losses and to not treat it like a gambling game to in turn lose everything just because of impulsiveness.

Patience is the most important virtue, that everyone is well aware of, but are you patient enough to know some of the greatest lessons by the most important investment gurus Like sebi registered equity advisor.

Lesson 1: Risk comes from not known what you are doing — BY Warren Buffet

A majority of investors start trading in stocks without having a proper knowledge. of hoe these asset classes really work. Warren Buffet has time and again advised investors to avoid chasing everything that shines and focus on what they are able to understand.

Running after every trending business might lead to bigger losses and in turn lack of confidence in one’s knowledge and understanding. Buffet himself used this strategy where he stayed away from tech stocks and it was in 2016 when he truly understood the business and bought a stake in Apple,

Lesson 2: The earlier you start off on equities the better- BY Benjamin Graham

The sooner you start investing in equities the more time you have to earn returns. And the more time you have then more returns are earned by your returns.

This tactic is called the power of compounding, and that works perfectly in case of equities.

Lesson 3: Develop your judgement- Radhakishan Damani

Its might not be a very good trait to judge other people, but its most certainly acceptable to judge stocks. Equity investing is all about judging the market and developing a perspective. If you are unable to have an opinion of your own, then you can’t climb the ladder. Damani is good at judging the behavior of the stock prices and is a patient listener. He attends to the advice of everyone but acts according to his judgment and instinct of course the knowledge he has gained through years of experience in stock market

Lesson4: Adopt the theory of reflexivity- By George sorro

According to this theory, Investors’ perceptions of what is happening in the markets influence their actions, which in turn influences their perceptions

So basically George Sorro believes that market prices aren’t just based on facts and figures. People’s opinion and guesses about what will happen can also make prices go up and down, when prices change, it can affect people’s thoughts, and then those thoughts can make prices change again. This can cause markets too much or too little, showing that they might not always be perfect

Lesson 5: Be best friends with TIME

‘Compounding is a miracle. So, even the modest investments made in one’s early 20’s are likely to grow into staggering amounts over the course of an investment lifetime”- John Bogle

Bogle always advised investors to start investing as early as possible to become successful at investing. He was of the view that if you start early then u are allowing your returns to compound over time and your money can grow exponentially all by itself.

He has advised on trying to time the market and instead focus on long term investment, Bogle emphasized that spending time in the market is crucial for achieving investment success.

[altiusinvestech]

Key Factors Behind Radhakishan Damani’s Investment Decisions

Introduction 

Damani is a name with a sagacity of the Indian stock market. His investment decisions and strategies are not just successful but serve as a blueprint for aspiring investors.

He founded Dmart, a major retail corporation, and became renowned as a seasoned investor in the Indian equity market. His portfolio has been studied and envied by many. To read more about Radhakishan Daman's portfolio and net worth, read our blog on Altius Investech.

The blog would highlight his strategic moves contributing to the notable success while offering valuable insights to investors.

Long-term investment mindset

With his long-term investment horizon, unlike traders focusing on short-term gains, Damani has invested in various companies for numerous years.

The philosophy and approach of purchasing and holding onto stocks from fundamentally strong companies lets him earn benefits from steady growth, dividend payouts, and appreciation of long-term capital.

Avenue Supermarts, the parent company of DMart, highlights a great example demonstrating the exponential growth attained from long-term holdings. 

Damani has also invested in Chennai Super Kings – an IPL franchise backed by India Cements Limited. With an illustrious history, they have participated in a record 10 finals, won a record five IPL titles in 2010, 2011, 2018, 2021, and 2023, and qualified for the playoffs 12 times out of the 14 seasons they have played in, which is more than any other franchise.

To have your hands-on gains that we can vouch for, buy csk unlisted shares from Altius Investech starting from just ₹ 153. 

Value in Investments

Damani looks out for companies that are undervalued as per their actual worth. Buying the stocks at prices lower than their real, intrinsic value, makes him position himself for considerable gains once the market corrects the undervaluation. The method needs a deeper understanding of the fundamentals of business, involving debt levels, competitive advantages, and revenue streams.

No to High-debt companies

A significant factor in his investment strategies is an aversion to organizations with high debt levels. Instead, he seeks companies with stronger cash flows and manageable debt. The conservativeness shields his investments from risks linked with high leverage, especially during economic downturns, causing stable returns.

Market Timing

What needs to be acknowledged is the way Damani times his entry or exit from businesses, impeccably. He willingly buys stocks when the market shows pessimistic values and sells as per his interest. For example, his entry into some specific apparel or cement stocks during the time of market lows let him reap considerable gains with the recovery of these sectors.

Market Cycles

Damani’s interpretation and understanding of the market cycles significantly contribute to his success. Through effective studies levied on investor behavior and market patterns, he can anticipate market dynamic shifts. The capability of reading the market makes him adjust his strategies as per the prevailing economic scenario.

Business Fundamentals

The decisions he makes in his processes analyze business procedures to invest only in companies having strong management, sustainable advantages, and clear strategies for growth. Instead of market speculation, he identifies companies offering potential and stability, irrespective of conditions of market volatility.

Diversification

With important holdings in the investments and retail sectors, Damani’s portfolio remains diverse across different industries. Diversification helps in the mitigation of risks as poor performance of one stock or sector is compensated by the gains or stability of the rest. This counts as a classic strategy that served him well over the decades.

Network and Mentorship

A close-knit group consisting of seasoned investors as friends and mentors, including the famous Rakesh Jhunjhunwala, gives him a network providing him with robust exchanges of strategies and ideas, and refining his investment tactics and decisions. 

Conclusion

Several disciplined approaches happen to focus on value investing, fundamental analyses, and cautious approaches for debt as well as market timing, making a huge figure to emulate in the world of investment.

Investors who intend to mirror his success must understand and implement these principles as a step forward in earning significant returns in the volatile world of trading stocks. To further diversify and grow your investment, consider investing in unlisted shares on Altius Investech, a platform known for its promising opportunities.

[startupcircle]

The Richest People in India: Icons of Wealth and Influence

India's economic landscape is diverse and vibrant, fueled by its vast population and entrepreneurial spirit. The richest people in India are not just symbols of immense wealth but also of innovation, resilience, and strategic brilliance. This blog explores the lives, achievements, and contributions of these titans of industry, whose influence extends far beyond their bank accounts.

Mukesh Ambani: The Telecom and Petrochemicals Titan

Mukesh Ambani, the chairman and largest shareholder of Reliance Industries, is synonymous with wealth and success in India. Reliance, under his leadership, has diversified into various sectors, including petrochemicals, refining, oil, and telecommunications. The launch of Reliance Jio in 2016 was a game-changer, providing affordable high-speed internet to millions of Indians and disrupting the telecom market.

Ambani's ability to foresee market trends and his willingness to invest heavily in new ventures have cemented his position as the richest person in India. His impact on the Indian economy is profound, with Reliance Industries contributing significantly to the country's GDP.

Gautam Adani: The Infrastructure Mogul

Gautam Adani, the founder and chairman of the Adani Group, is another prominent figure among the richest people in India. The Adani Group's interests span ports, energy, mining, and infrastructure, making it one of the largest conglomerates in the country. Adani's rise to wealth is a testament to his strategic vision and relentless pursuit of growth.

Adani Ports & SEZ Limited is India's largest private port operator, while Adani Green Energy is one of the leading renewable energy companies in the country. Adani's investments in infrastructure and energy have played a crucial role in India's development, particularly in enhancing the country's logistical capabilities and promoting sustainable energy.

Shiv Nadar: The IT Pioneer

Shiv Nadar, the founder of HCL Technologies, is a pioneer in India's IT industry. His journey from establishing a hardware company to leading a global IT services giant is inspirational. HCL Technologies, under Nadar's leadership, has become a major player in the global technology landscape, offering a wide range of services from IT consulting to infrastructure management.

Nadar's contributions extend beyond business. He is also a noted philanthropist, with a significant focus on education through the Shiv Nadar Foundation. His commitment to social causes and education underscores his belief in the power of knowledge and innovation to transform lives.

Cyrus Poonawalla: The Vaccine Visionary

Cyrus Poonawalla, the chairman of the Poonawalla Group, which includes the Serum Institute of India, is a key figure in global healthcare. The Serum Institute is the world's largest vaccine manufacturer by volume, producing life-saving vaccines for diseases such as polio, measles, and COVID-19. Poonawalla's strategic foresight in scaling vaccine production has had a profound impact on global health, particularly in developing countries.

His contributions to healthcare have earned him a place among the richest people in India, and his work continues to save millions of lives worldwide. The success of the Serum Institute highlights the critical role of the pharmaceutical industry in addressing public health challenges.

Radhakishan Damani: The Retail King

Radhakishan Damani, the founder of DMart, has revolutionized the retail sector in India. Known for his frugal approach and focus on customer satisfaction, Damani has built DMart into one of the most successful and profitable retail chains in the country. His business model emphasizes cost efficiency and high-volume sales, which have driven DMart's growth.

Damani's journey from a stock market investor to a retail magnate is a story of strategic thinking and business acumen. His ability to understand consumer behavior and his commitment to offering value have made DMart a household name in India.

Lakshmi Mittal: The Steel Sultan

Lakshmi Mittal, the chairman and CEO of ArcelorMittal, the world's largest steelmaker, is a major figure in the global steel industry. Mittal's rise from modest beginnings in India to leading a global steel empire is a tale of vision, resilience, and strategic acumen. His ability to acquire and turn around troubled steel plants has been a key factor in ArcelorMittal's success.

Mittal's influence extends beyond his business achievements. He is also involved in various philanthropic activities, particularly in education and healthcare. His story is a powerful example of how determination and strategic thinking can create global impact.

Savitri Jindal: The Industrial Powerhouse

Savitri Jindal, the matriarch of the Jindal Group, oversees one of India’s largest conglomerates with interests in steel, power, and infrastructure. As the wealthiest woman among the richest people in India, Jindal’s leadership has been instrumental in the group's expansion and success. Her journey exemplifies the impactful role of women in India’s industrial growth.

The Jindal Group's commitment to innovation and sustainable practices has positioned it as a leader in the industrial sector. Savitri Jindal's ability to maintain and grow the business after the passing of her husband, Om Prakash Jindal, showcases her resilience and business acumen.

Kumar Mangalam Birla: The Diversification Dynamo

Kumar Mangalam Birla, chairman of the Aditya Birla Group, leads a diversified portfolio that includes metals, cement, textiles, and telecom. Birla’s strategic acquisitions and emphasis on innovation have been key to the conglomerate’s success. His leadership style and business acumen firmly place him among the richest people in India.

Birla's approach to business focuses on long-term sustainability and value creation. His commitment to innovation and strategic growth has enabled the Aditya Birla Group to thrive in competitive markets both in India and globally.

Uday Kotak: The Banking Baron

Uday Kotak, the founder and CEO of Kotak Mahindra Bank, has revolutionized the banking sector in India. Starting with a small finance company, Kotak’s visionary approach has transformed it into one of the leading banks in the country. His innovative financial solutions and customer-first approach have earned him a significant place among the richest people in India.

Kotak Mahindra Bank's success is built on a foundation of prudent management and strategic expansion. Uday Kotak's ability to anticipate market needs and his commitment to ethical banking practices have made him a respected figure in the financial industry.

Dilip Shanghvi: The Pharma Leader

Dilip Shanghvi, the founder of Sun Pharmaceuticals, has made a significant impact on the global pharmaceutical industry. Sun Pharmaceuticals is one of the largest generic drug manufacturers worldwide, thanks to Shanghvi’s strategic vision and focus on research and development. His contributions to healthcare and his substantial wealth secure his position among the richest people in India.

Shanghvi's approach to business emphasizes innovation, quality, and accessibility. Sun Pharmaceuticals' growth under his leadership has been driven by a commitment to providing affordable medicines to people around the world, reinforcing the importance of the pharmaceutical industry in global health.

Conclusion

The richest people in India are a diverse group of individuals whose wealth is matched by their influence and contributions to the economy. From transforming industries to pioneering new technologies, these business leaders have played a crucial role in shaping India's growth story. Their journeys are marked by innovation, strategic thinking, and a relentless pursuit of excellence.

As India continues to evolve, the contributions of these wealthy individuals will remain integral to the country's success. Their stories serve as inspiration for aspiring entrepreneurs and business leaders, demonstrating that with vision, resilience, and strategic acumen, remarkable success is possible.

[techwithnitin]

Avenue Supermarts: DMart stock surge boosts Radhakishan Damani's wealth by ₹2,695 crore

Avenue Supermarts, which operates the retail chain of DMart, saw its shares zoom 5.8% to hit a new one-year high of ₹4,715 apiece in today’s trading before finishing the trade at ₹4,645 apiece, up 4.13%.  Investor sentiment was buoyed by the company’s impressive business update for the fourth quarter of FY24, which garnered positive attention from market participants. The upbeat performance of…

[priyank3107]

DAY 399 - *Radhakishan Damani - A silent billionaire!!!* - A must read

Early Life:

RKD was born on 12 January 1954 in a Marvari family in Bikaner, Rajasthan.

His father, Shivkishan Damani was a stock broker. RKD completed his early schooling in Bikaner.

Later he went to Mumbai for completing his Bachelor of Commerce degree from Mumbai university.

He was a business mind person from his early days. In middle he left his commerce education and started a Ball Bearing business.

Joined broking business:

After the death of his father he left his business and joined broking business with his elder brother Gopikishan.

After spending some time in broking he realized that, to make big he has to take active part in stock market.

At the age of 32 he entered in stock market. Manu manik was his mentor in initial days. Rkd learned short selling from him.

Harshad Mehta entered in 90s. Who was the the super bull in those days. He used to manipulate the stocks.

In 90s RKD made handsome money by short selling.

Once RKD was short on the market & Harshad was long. RKD panicked coz the stocks were going up. Harshad was manipulating the scripts.

But fortunately Sucheta Dalal mam exposed the scam of Harshad and due to that entire market collapsed. RKD made huge money. It happened in 1992.

Once RKD told, he would have gone bankrupt if harshad had held the position for 7 more days. But luck favoured him.

Super investor:

He understood that, short selling is very risky & to create wealth he has to invest for long term.

Then RKD came across a great value investor Chandrakant Sampat. Sampat sir used to invest in undervalued, high quality and lesser known companies.

He inspired a lot by Sampat sir. Gave up on trading and shifted his focus on long term value investing.

He made handsome money in VST, Gillette, Colgate, Jubiliant foodwork, Nestle, HUL, 3M, Sundaram Finance, Hdfc Bank.

In 1995 he was the largest individual investor in a bank. He made killing there.

He bought VST industries at the price of 85, today its trading at 3400rs/share. He still holds this.

Super businessman:

After successful career in stock market he started his third inning as a businessman in 1999.

He was interested in a retail business. He bought a franchise of Apna Bazaar in 1999. He didn't like the model and closed it immediately.

Then he went to America to study the business model of worlds largest retail chain Walmart.

He really liked the model and decided to apply it into India more effectively.

So, in 2000 he founded Avenues super mart, the parent company of Dmart.

He launched first store in 2001 in Mumbai. Daily discounts, daily savings was their tagline.

Low interior cost. No store in a mall. Purchase in bulk increased their bargaining power.

Everyday low price. They were selling at much cheaper price than competitor.

Dmart became massive hit!!!

Low margin but high inventory turnover helped them to make superb return on capital.

Everybody wanted to sell their products in Dmart, so they started charging slotting fees.

They followed slow and steady store growth strategy. RKD focused on the profitability over growth.

Till 2011 they just has 25 stores. As they keep generating robust cash flows, they slowly expanded across the nation. Today thay have 325+ stores.

Mr. White and white:

Today he is the 8th riches person in India.

He rarely appears on media. He love staying low profile.

He always wear white shirt and white. Live simple.

Thats why street use to Call him Mr White and White.

One quote of Buffet precisely applicable for him,

*”I am a better investor because I am a businessman, and a better businessman because I am an investor."*

[tradingfuel2]

RK Damani is a renowned value investor in India. Investors seek his guidance for portfolio building and long-term wealth creation. His market reputation is solid, as everything he buys tends to be successful. He excels in selecting stocks with the potential for significant growth. Investors trust his investment expertise and buy shares based on his choices. To assist long-term investors, we will provide a list of Radhakishan Damani's portfolio holdings.

[worldspotlightnews]

Know India’s Top Investors In Share Market

Rakesh Jhunjhunwala, also known as The Big Bull, was regarded as India’s very own Warren Buffet. Before investing, Radhakishan Damani believes the company’s ethical principles should be thoroughly examined. We frequently follow eminent Indian stock market investors who have achieved phenomenal success and attempt to engage in the same kinds of ventures that they have. Incredible investing…

[tgh2023]

Top 10 Richest People In India 2023

India’s top 2 billionaires position them successfully in the list of the Top 10 richest billionaires in the world. And it’s been more than a year, hence indicating that the country has a record high number of billionaires and industrialists. 

Mukesh Ambani and Gautam Adani have become the top industrialists while Cyrus Poonawalla’s Serum Institute of India became the country’s biggest producer of Covid-19 vaccines and earned huge revenue. 

It is also important to know the contribution of Savitri Jindal, the only woman on the list of the top 10 richest people in India. 

Let’s quickly take a look at the top 10 richest people in India in 2023:

10. UDAY KOTAK

Net Worth: $13.6 Billion (as of January 2023)

Age: 63 Years

Source of Wealth: Kotak Mahindra Bank

The Indian billionaire, the Founder and Managing Director of Kotak Mahindra Group, Uday Kotak is a renowned personality and is idealised by many around the nation. He was born in 1959 in an upper-middle-class Gujarati Lohana joint family in Mumbai. 

Although he built his career as a cricketer, an immediate surgery marked the end of his cricket dreams. Recollecting the hope, he began his entrepreneurial journey by establishing his finance and bill discounting business with a seed capital borrowed from his friends and near & dear ones. As the major part of the investment that he borrowed came from Anand Mahindra, he named his agency ‘Kotak Mahindra’.

9. KUMAR BIRLA

Net Worth: $15.5 Billion (as of January 2023)

Age: 55 Years

Source of Wealth:  Hindalco Industries

Another richest billionaire on the list is Kumar Birla, the Chairman of the third largest Indian business conglomerate, Aditya Birla Group. He is also the Chairman of the Indian Institute of Management Ahmedabad and the Chancellor of the Birla Institute of Technology & Science.

He took over the Aditya Birla Group at the age of 28 due to the sudden demise of his father. He faced a lot of scepticism because of his lack of experience but with his sharp business sense, he took the company to the heights. 

8. RADHAKISHAN DAMANI

Net Worth: $16.1 Billion (as of January 2023)

Age: 68 Years

Source of Wealth: Avenue Supermarts Limited

A renowned Mumbai-based investor and entrepreneur, Radhakishan Damani is the owner of India’s third-largest mega-retail stores’ chain, ‘DMart.’ Rakesh Jhunjhunwala considers him as his mentor in the Indian share market. 

He was born in 1954 to an Indian Marwari family, born and brought up in Bikaner, Rajasthan. He started his career as a stockbroker but soon started stock trading in the Indian stock market. He gained a foothold in the business community only after he overpowered the Indian stockbroker Harshad Mehta.

7. DILIP SHANGHVI

Net Worth: $16.6 Billion (as of January 2023)

Age: 67 Years

Source of Wealth: Sun Pharmaceuticals

Dilip Shantilal Shanghvi is a popular Indian billionaire who is also the Founder of Sun Pharmaceuticals. After Dilip made the company public in 1994, three years later Sun Pharma made its first international acquisition when it bought Detroit-based Caraco Pharmaceutical Laboratories. Among many other acquisitions, the notable one was the purchase of Ranbaxy Laboratories in 2014.

Sun Pharma experienced multifaceted growth under the leadership of sharp-witted Dilip Shanghvi. In 2018, he became a member of the Reserve Bank of India’s central board.

6. LAKSHMI MITTAL

Net Worth: $17.9 Billion (as of January 2023)

Age: 72 Years

Source of Wealth: ArcelorMittal

Successfully securing his position among the top 10 richest persons in India, Lakshmi Narayan Mittal is an Indian billionaire who is the Executive Chairman of the world’s leading steel and mining company ArcelorMittal. He served as the CEO of the company till February 2021.

He was born in Sadulpur in Rajasthan in 1950. He began his career in his family’s steelmaking business in India before he moved to Indonesia in 1976 to set up a small steel company that over time grew to become today’s widely popular ArcelorMittal. He was awarded the Padma Vibhushan, India’s second highest civilian honour, by the President of India in 2008.

5. SAVITRI JINDAL AND FAMILY

Net Worth: $18.1 Billion (as of January 2023)

Age: 72 Years

Source of Wealth: O.P. Jindal Group

Savitri Jindal is a wonderful example of being the only richest woman in a self-proclaimed man’s world. She is the Chairperson Emeritus of Jindal Steel & Power Limited. She is also the President of Maharaja Agrasen Medical College (MAMC), Agroha established in 1998. 

After the sudden death of her husband, Om Prakash Jindal in 2005, India’s richest woman Savitri Jindal took over her husband’s steel and power conglomerate. Committed to following the values of OP Jindal, she is running the business with full vigour.  

4. CYRUS POONAWALLA

Net Worth: $21 Billion (as of January 2023)

Age: 81 Years

Source of Wealth: Serum Institute of India

Cyrus Poonawalla is the Founder and Managing Director of Cyrus Poonawalla Group, which includes the Serum Institute of India (SII), an Indian biotechnology company manufacturing highly specialised life-saving biologicals. 

In 1966, Cyrus incepted the Serum Institute of India to derive therapeutic serum from horse blood. Within two years, the institute launched its first therapeutic tetanus serum and started producing anti-tetanus vaccines. Although he faced a couple of challenges with financing and recognition of the company, Cyrus also stood to fight against all of them. 

3. SHIV NADAR

Net Worth: $25.6 Billion (as of January 2023) 

Age: 77 Years

Source of Wealth: HCL Enterprise

Another prominent name in the list of top 10 richest billionaires in India is famous billionaire industrialist and philanthropist, Shiv Nadar who is also the Founder of Hindustan Computers Limited (HCL). 

Shiv Nadar was born on 14th July 1945, to his father, Sivasubramaniya and mother, Vamasundari Devi in Tiruchendur, Tamil Nadu India. He started his career in 1967 as an engineer at Walchand Group’s Cooper Engineering (COEP) in Pune. After a few years, he quit his job to take up a business-oriented career in partnership with Ajai Chowdhry and other colleagues to establish an enterprise which came to be known as Microcomp under the brand name ‘Televista’. Later, all of them together founded HCL Tech in 1976 to manufacture microprocessors and calculators.

2. MUKESH AMBANI

Net Worth: $88.3 Billion (as of January 2023)

Age: 65 Years

Source of Wealth: Reliance Industries Ltd

Mukesh Ambani is a widely recognized Indian billionaire industrialist who is the Chairman and Managing Director of Reliance Industries Ltd. (RIL), an MNC with diverse businesses including energy, natural gas, mass media, retail, petrochemicals, telecommunications, and textiles. 

After the death of his father Dhirubhai Ambani, the brothers Mukesh Ambani and Anil Ambani assumed joint leadership of the Reliance companies but due to feuds between the brothers, Kokilaben Ambani, their mother, split the assets under which Mukesh assumed control of the gas, oil, and petrochemicals units. He grew the business multifariously and became one of the richest persons in India.

1. GAUTAM ADANI

Net Worth: $125.6 Billion (as of January 2023)

Age: 60 Years

Source of Wealth: Adani Group

The first name on the list of richest Indians is none other than Gautam Adani. Born on 24 June 1962, Gautam Adani is the Founder and Chairman of Adani Group. The self-made billionaire operates a world-class integrated infrastructure company that includes coal trading, coal mining, ports, oil and gas exploration, multimodal transportation, transmission, power production, and gas distribution.

In May 2022, Gautami Adani’s firm picked up two well-known companies—Ambuja Cement and ACC—that Holcim owned. He is not only India’s richest person but is also the wealthiest person in the world.

Frequently Asked Questions:

Q. Who is the richest man in Asia? Gautam Adani

Q. Why Ratan Tata is not in the list of richest people in India? Ratan Tata is involved in a lot of philanthropy work through Tata Trusts. He is at the 433 position on the IIFL Wealth Hurun India Rich List 2021. 66% of the profits earned by Tata Companies is donated for philanthropic activities. 

Q. Who will become the first trillionaire on Earth? Founder of SpaceX and Tesla, Elon Musk will become the first trillionaire in the future.

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Radhakishan Damani's Investment Secrets: A Deep Dive into His Portfolio

💼🔎 Ever wondered about the investment strategies of the legendary Radhakishan Damani? Here's your chance to peek into his portfolio! Join us as we unravel the secrets behind Damani's successful investments in our latest article - 'Radhakishan Damani's

Who is Radhakishan Damani? Radhakishan Damani is a prominent Indian investor who has made a name for himself in the investing world by following a disciplined and value-oriented investment approach. Damani is the founder of Avenue Supermarts, which operates DMart, India’s largest retail chain. He is widely regarded as one of the most successful investors in India and has amassed a significant…

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DMart’s Radhakishan Damani secures top spot among superstar investors, pips Wipro's Azim Premji in net worth

DMart’s Radhakishan Damani secures top spot among superstar investors, pips Wipro’s Azim Premji in net worth

Ace investor Radhakishan Damani, the owner of Avenue Supermarts — the company that runs supermarket chain DMart, has surpassed Wipro founder Azim Premji in terms of net worth as well as portfolio value.  According to data from the stock analysis portal Trendlyne, Damani publicly holds 15 stocks in his portfolio with a net worth of Rs 1,65,663 crore, as of January 16, 2023. With three stocks in…

[latestnews23]

DMart’s Radhakishan Damani secures top spot among superstar investors, pips Wipro's Azim Premji in net worth

DMart’s Radhakishan Damani secures top spot among superstar investors, pips Wipro’s Azim Premji in net worth

Ace investor Radhakishan Damani, the owner of Avenue Supermarts — the company that runs supermarket chain DMart, has surpassed Wipro founder Azim Premji in terms of net worth as well as portfolio value.  According to data from the stock analysis portal Trendlyne, Damani publicly holds 15 stocks in his portfolio with a net worth of Rs 1,65,663 crore, as of January 16, 2023. With three stocks in…

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Radhakishan Damani Portfolio

Started investing at the age of 32, Damani’s investing preference include long term view, buying quality stocks with strong fundamentals, diversifying the portfolio & rebalancing the portfolio on a prompt basis. Apart from investing, he has also created a successful retail company Avenue Supermarket which runs more than 200 DMart stores in India. These are the shares held by RadhaKishan Damani as per the information available by the exchanges. For some companies the latest quarter results might not be available as they may file it later on.