Founder and Owner of the popular retail chain D-Mart, Radhakishan Damani, is now among India’s top 100 richest people. Damani, who grew up in a Marwari family is now ranked 98 on the Bloomberg Billionaires Index with a net worth of $ 19.2 billion.
From $12 Billion as of March 2020, to now it has increased around $7 Billion in the last 18 months. The stock price of Avenue supermarkets, the holding company that runs D-Mart, has got increased by over 64%, with a close of $ 49.3 on the BSE, which at a point during peak COVID-19, was less than 1800. In addition, the company’s digital services are making good strides, which also pools money into the business.