Here are some lesser-known & interesting facts about the Retail King of India - Radhakishan Damani

A college drop-out, Damani joined his family's stock broking business at age 32, only to realise that the real money was in trading.

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Damani made a windfall from short-selling stocks at the same time that Harshad Mehta scam came out.

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Soon, Damani switched from trading to investing. He became a value investor, the Warren Buffet way.

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Damani founded Avenue Supermarkets and from a single D-Mart store in Mumbai, he expanded the empire to a public limited company in 2017 and 200 stores by 2022.

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In its IPO, Avenue Supermarkets had an offer price of only Rs. 299/- per share and got listed at 100% premium! Today, the stock's price is around Rs. 4,320/-

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Bumper listing of Avenue Supermarket catapulted Damani's net worth, which is valued at a whooping $27 billion today!

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Over the years, Damani invested in a range of profitable businesses including VST industries, the 156-year old Radisson Blu Resort in Alibaug, United Breweries, etc.

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Rakesh Jhunjhunwala, the ace investor, had chosen Radhakishan Damani as his mentor for learning the science of stock market behaviour.

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Some of Damani's secrets to success include: a. long-term approach b. avoiding credit c. valuing relationships.

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LEARN THE SECRET SAUCE FOR SUCCESSful investment

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