Stocks & Funds

Unveiling the Stocks India’s Richest Investor is Placing Big Bets On

DMart founder holding stocks

The founder of DMart, Radhakrishna Damani, began his career as an investor and continues to do so today, with holdings across 14 companies and a net worth of 1,62,010 crore.

His holdings are worth more than those of Jhunjhunwala & family, who sit second on the list of India’s richest investors.

His 67% stake in Avenue Supermarts, which he founded in 2001 and publicized in 2017, provides around 96% of his wealth. While the DMart stock has been beaten down in the last year, he still has stakes in many companies worth over 500 crore – making him rich even as his stakes in DMart have grown.

Holdings of Radhakrishna Damani in listed companies

Avenue Supermarts₹1,55,774 crore
India Cements₹1,518 crore 
VST Industries₹1,631.2 crore 
Trent₹1,081 crore
Sundaram Finance₹673.2 crore
United Breweries₹488.8 crore
3M India₹488 crore
Blue Dart Express₹197.2 crore
Sundaram Finance Holdings₹51.4 crore 
Aptech₹38.5 crore
BF Utilities₹22.8 crore
Andhra Paper₹22.1 crore
Advani Hotels & Resorts₹15.6 crore
Mangalam Organics₹7.9 crore 
Source: Kotak securities


Multibagger Mr White

A well-known recluse, 68-year-old Damani started his career as a stock broker but soon realized that to make ‘his own money’ he had to become a trader and investor.

In his portfolio, he still holds India Cements, VST Industries, and Sundaram Finance, all multibaggers he had picked early on.

Avenue Supermarts, which owns DMart, saw its marketcap rise 7.2 times since listing, enabling him to break into Hurun’s Global Top100 rich list, last year.

Damani is also one of the rare investors who has turned into a successful entrepreneur.

Richest abode

Despite knowing little about his lifestyle, he is living the life a billionaire deserves. In the last two years, he has bought some of Mumbai’s most expensive homes.

Zapkey data indicates he paid a whopping 1,001 crore for a 90-year-old house in Malabar Hill in 2022.

Damani bought the most expensive property in Mumbai this year, spending 1,238 crore on Oberoi Three Sixty West in Worli – indicating his love of real estate and stocks.

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I'm Shruti Mishra, Editorial Director @Newsblare Media, growing up in the bustling city of New Delhi, I was always fascinated by the power of words. This love for words and storytelling led me to pursue a career in journalism. In this position, I oversee the editorial team and plan out content strategies for our digital news platform. I am constantly seeking new ways to engage readers with thought-provoking and impactful stories.


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