Success story of Mr. Radhakrish Damani and his life how he became the king of the dala steet. And how he became the owner of the bigest retail chain D-MART.
2. INTRODUCTION
• R.K Damani an Mumbai based investor is an
self based Billionaire and owner of the
country’s third-largest mega-retail stores’
chain, ‘D-Mart.’
• He started his career as Business trader after
his father’s death.
• His few years in market went as a speculator.
• He closely followed the marketing strategies
of Manu Manek one of the most dreaded
market operators of the time.
• R.K Damani began his success story as a
humble trader and now rules 'Dalal Street.’
• 'Forbes' has ranked him as the 12th-richest
person in India.
3. BEGINNING OF HIS
CAREER
• He started his career as a trader in the business
of ball bearings.
• R.K Damani closed his business and joined his
brother, who was already part of the
stockbroking business.
• His first move was to observe and learn the
functioning of the stock market. He began
speculating and made his first stock-market
investment at the age of 32.
• He enriched his experience of the stock market
by watching Manu Manek.
• This later helped him overpower Harshad
Mehta, the mastermind of the 1992 'Securities
Scam.
4. THE RISE IN THE STOCK MARKET
• He focused on the fundamentals of the company
and long-term investments and started investing
in various MNCs and other banking companies.
• The period of 1999-2000 saw a huge technology
boom and he adopted varios new trading
technology.
• He transformed himself into a value investor and
also had the prominent investments in:-
• VST Industries
• Jay Shree Tea
• 'GE Capital Transportation Industries
5. D-MART
• In 2002, he began ‘D-Mart' with only one
store in suburban Mumbai.
• He now has about 160 stores across the
country.
• D-Mart's 'Initial Public Offering' (IPO) listing
was made under its parent name, 'Avenue
Supermarts.
• The success of ‘D-Mart' lies on its three
pillars: its consumers, its sellers, and its
employees.
6. SPECIALITIES OF
D-MART.
• Setup malls at dense
Residential Complex.
• Buys their own retail state
for setting Up of Malls.
• Pays its vendor within two
days.
• Keeps store size small.
8. SOME IMPORTANT
TIPS FROM
MR. R.K DAMANI
• Keep an eye on the long term.
• Value your people.
• Buy low, sell cheap
• Go slow
• Go local
• Avoid credit
• Let your work speak