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Dmart Founder Makes It To Top 100 Richest People In The World
By: Tupaki Desk | 19 Aug 2021 6:17 AM GMT
DMart, one of the leading retailer networks in the country, is a game changer in the industry. Established in 2002, DMart went on to set up its stores in every big city across the country.
The low prices offered by the retailer network makes it the first choice for the customers and those who run small scale shops or supermarkets.
With the high success rate of DMart, its founder Radhakishan Damani found a spot in the list of the top 100 richest people in the world.
Radhakrishnan Damani stood at the 98th position on Bloomberg Billionaires Index of World's richest people with a fortune of 19.2 billion. Despite starting from a humble background, he forayed into the retail sector and created wonders.
The working hours of DMart should also be credited for the blooming success of the retail network. Starting from earlly morning six to night 10, DMart serves the customers.
This makes it available for the customers irrespective of their working hours. Some might have working hours in day time and some in night time. But all of them can reach the store.
Even after other companies like Reliance Mart and Metro have entered the space and established themselves as one of the leading firms in the business, DMart is managing to attract customers and retain the loyal customers.
Making groceries and other items for a relatively cheap price compared to others made the difference for DMart. Unlike others, DMart won't establish units on rented lands. The company purchases the land and then establishes the unit.
Ramakrishnan Damani, a college drop out had ventured into stock market and became a small size Investor. He left the stock market and forayed into the retail sector by starting DMart.
His first store was set up in Powai in Mumbai in 2002. His business started to see development slowly and the number of stores have also increased gradually. After 2010, he started to expand his business to other states as well.
DMart founder Ramakrishnan Damani had joined the likes of Mukesh Ambani, Gautam Adani, Azim Premji, Pallonji Mistry, Shiv Nadar and Lakshmi Mittal who have already made it to the list of top 100 richest people in the world.
The low prices offered by the retailer network makes it the first choice for the customers and those who run small scale shops or supermarkets.
With the high success rate of DMart, its founder Radhakishan Damani found a spot in the list of the top 100 richest people in the world.
Radhakrishnan Damani stood at the 98th position on Bloomberg Billionaires Index of World's richest people with a fortune of 19.2 billion. Despite starting from a humble background, he forayed into the retail sector and created wonders.
The working hours of DMart should also be credited for the blooming success of the retail network. Starting from earlly morning six to night 10, DMart serves the customers.
This makes it available for the customers irrespective of their working hours. Some might have working hours in day time and some in night time. But all of them can reach the store.
Even after other companies like Reliance Mart and Metro have entered the space and established themselves as one of the leading firms in the business, DMart is managing to attract customers and retain the loyal customers.
Making groceries and other items for a relatively cheap price compared to others made the difference for DMart. Unlike others, DMart won't establish units on rented lands. The company purchases the land and then establishes the unit.
Ramakrishnan Damani, a college drop out had ventured into stock market and became a small size Investor. He left the stock market and forayed into the retail sector by starting DMart.
His first store was set up in Powai in Mumbai in 2002. His business started to see development slowly and the number of stores have also increased gradually. After 2010, he started to expand his business to other states as well.
DMart founder Ramakrishnan Damani had joined the likes of Mukesh Ambani, Gautam Adani, Azim Premji, Pallonji Mistry, Shiv Nadar and Lakshmi Mittal who have already made it to the list of top 100 richest people in the world.
