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Meet Radhakishan Damani: India’s Warren Buffet Who Became A Billionaire Overnight

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Radhakishan Damani,Radhakishan Damani story, Radhakishan Damania autobiography, Radhakishan Damani biography,

Known as “India’s Warren Buffet,” Radhakishan Damani was a not such a popular name till yesterday. Back to the year 2000, he founded the supermarket retail chain D-Mart, and this now valued at above $6 billion (approximately Rs. 40,000 crores) and this makes him richer than Anil Ambani and Rahul Bajaj.

Radhakishan had no intentions to enter the stock market. He started his career as a simple trader in a small ball bearings company until he was forced to shut down his business and join his brother’s stockbroking firm.

Getting inspired from Chandrakant Sampat, the ace investor, Damani went on to formulate a strategy of his own. From the beginning, he used to believe in long term results. This helped him achieve which is not so possible for a common man. Within a short span of time, he went on to the big league of Dalal Street in Mumbai. Eventually, he created a massive fortune in the early 1990s.

For his all time because of white and white get up, he was known as Mr. White. It was in the late 90s people came to know about his rivalry with Harshad Mehta who was also a Dalal Street giant. He eventually won the battle to become the legend in the stock market investors society.

According to the reports of The Times Of India, this 61 year old Radhakrishnan now owns 82.36 % of the parent company Avenue Supermarts. His wealth now is estimated around Rs. 32,934 crores. Besides these, he has stakes in Jay Shree Tea, GE Capital Transportation Industries, Sundaram Fasteners, Samtel Ltd., Somany Ceramics, VST Industries, TV 18 and also 3M India.

The D-Mart supermarket chain is now completely owned and marketed by Avenue Supermarts Limited (ASL.)

Radhakishan is now worth $5.4 Billion (Rs. 35,775 crores) which pushes him to the list of top 15 Indian billionaires globally.

Now hailed as the Warren Buffet of India, Radhakishan Damani properties include the 156 room Radisson Blu Resort in Alibag and also a popular beach front getaway near Mumbai. Damani stands as a source of inspiration for many in the country.

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Nazara Technologies has sold its entire 71.54% stake in Sports Unity Private Limited, the company behind the multiplayer quiz game ‘Qunami’, for INR 7.15 lakh. This divestment, effective March 25, 2025, signifies a strategic shift for Nazara, which had previously acquired a controlling interest in Sports Unity in 2019 for INR 7.5 crore.

The decision to offload the stake comes as Sports Unity has faced financial difficulties, reporting no active business operations and a negative net worth of INR 0.45 crore at the end of FY24. This move aligns with Nazara’s broader strategy to streamline its operations and concentrate on more profitable ventures within the gaming sector.

This sale follows Nazara’s recent divestment of a 94.85% stake in another subsidiary, Open Play, to Moonshine Technologies for INR 104.33 crore. Despite reporting record quarterly revenue of INR 544.7 crore in Q3 FY25, Nazara experienced a 53.5% decline in net profit year-over-year.

Nazara continues to focus on enhancing its portfolio through strategic acquisitions and investments in high-potential gaming platforms while navigating the competitive landscape of the gaming industry.

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Bengaluru’s Hypergro.ai Raises Rs 7 Crore to Enhance AI-Powered Advertising Solutions

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Hypergro.ai, a Bengaluru-based marketing technology startup, has raised Rs 7 crore in seed funding led by Silverneedle Ventures, with participation from Huddle, TDV Partners, HME Ventures, Dholakia Ventures, FiiRE, and angel investors. Founded in 2022 by Rituraj Biswas, Neha Soman, Abhijeet Kumar, and Arijit Mukhopadhyay, the company aims to revolutionize digital marketing by addressing challenges like high Customer Acquisition Costs (CAC) and low Return on Ad Spend (ROAS).

 

The startup leverages AI to create hyper-personalized video ads using user-generated content (UGC). The fresh capital will be used to enhance Hypergro.ai’s AI capabilities, expand operations, and build a specialized team focusing on data analysis, predictive algorithms, and automation.

 

Since its inception, Hypergro.ai has collaborated with over 70 brands, including several from Shark Tank India. The company’s innovative approach has led to its selection for Google’s Startups Accelerator: AI First (India) program in July 2024, providing access to critical training, mentorship, and state-of-the-art AI tools.

 

Hypergro.ai’s platform now supports a community of over 300,000 creators across India and has partnered with more than 100 brands, significantly enhancing its AI model’s accuracy and improving revenue generation for clients. As it continues to expand and refine its AI-powered marketing solutions, Hypergro.ai is set to transform the digital advertising landscape, offering businesses more effective and efficient customer acquisition and engagement strategies.

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