Radhakishan Damani Portfolio – Holdings & Net Worth

Radhakishan Damani, also known as “Retail King of India”, is the founder of D-Mart, India’s leading retail chain. Apart from being a successful entrepreneur, Damani has built a reputation as a strategic investor in the Indian stock market. As of April 2026, Radhakishan Damani’s portfolio comprises 11 publicly disclosed stocks and 9 active stocks with a combined value of nearly ₹198,327.8 cr. Radhakishan Damani’s portfolio shows his preference for diversified long-term investments in fundamentally strong stocks.  In this article, we will explore his investment portfolio, focusing on his major holdings, asset allocation, and investment strategies.

List of Stocks in Radhakishan Damani Portfolio 2026

Radhakishan Damani’s portfolio in 2026 includes the stocks of the following companies.

Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Who is Radhakishan Damani?

RK Damani is an Indian billionaire investor and businessman who founded Avenue Supermarts Ltd., the parent company of D-Mart. 

Damani was born in Mumbai in 1955 and overcame humble beginnings to pursue a career in the stock market after his father’s passing. He gained popularity by profiting from short-selling stocks in the 1990s and became a major shareholder of HDFC Bank. In 2002, he established D-Mart, a supermarket chain with over 300 stores in India. 

Here are some of the awards and recognitions that Radhakishan Damani has received:

• Padma Bhushan, the third-highest civilian award in India (2018)
• Ernst & Young Entrepreneur of the Year Award (2017)
• Forbes India Business Leader of the Year Award (2016)
• Economic Times Businessman of the Year Award (2015)

Overview of Radhakishan Damani Holdings 

Here is the overview of the top Radhakishan Damani holdings:

• Avenue Supermarts Ltd: Avenue Supermarts, the parent company of D-Mart, operates a successful retail chain offering a wide variety of products. It has become a big player in India’s retail market, known for its affordability and quality.
• VST Industries Ltd: VST Industries holds a leading position in the tobacco industry, and it specialises in the manufacturing of cigarettes and other tobacco products. The company is known for its strong market presence and high-quality products.
• 3M India Ltd: 3M India Ltd is a subsidiary of 3M Company, USA, and operates across four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. 
• United Breweries Ltd: United Breweries Ltd is an India-based company engaged in the manufacturing, purchasing and selling of beer and non-alcoholic beverages. It operates through two segments: Beer and Non-Alcoholic Beverages, with beer accounting for the majority of its revenue.
• TSF Investments Ltd: TSF Investments Ltd (formerly Sundaram Finance Holdings Ltd) is an exempted core investment company and a subsidiary of Sundaram Finance Ltd, part of the TSF Group. The company primarily focuses on strategic investments in the auto component and manufacturing sectors, along with fintech and financial services enablers.

Sector-Wise Breakdown of Radhakishan Damani Portfolio 

RK Damani’s portfolio spans multiple sectors, with holdings concentrated across retail, tobacco, industrial manufacturing, beverages, finance, logistics, chemicals, hospitality, education and utilities.

• Retail: Retail remains the dominant sector in his portfolio, driven by his holding in Avenue Supermarts Ltd, the company behind D-Mart, valued at ₹1,95,682.1 cr. This single holding accounts for the bulk of his total portfolio value. 
• Tobacco: Tobacco is the second-largest sector allocation, represented by his 29.1% stake in VST Industries Ltd, valued at ₹1,177.5 cr.
• Industrial and Manufacturing: Industrial and Manufacturing exposure comes through 3M India Ltd, a diversified conglomerate operating across safety, electronics, healthcare and consumer segments. His holding in the company is valued at ₹524.1 cr.
• Beverages: Beverages is represented by United Breweries Ltd, the maker of Kingfisher and other beer brands, with a holding valued at ₹477.9 cr.
• Finance: Finance exposure comes from TSF Investments Ltd (formerly Sundaram Finance Holdings), a core investment company focused on the auto component and manufacturing sectors, with a holding of ₹163 cr.
• Logistics: Logistics is represented by Blue Dart Express Ltd, one of India’s leading express delivery companies, valued at ₹145.7 cr.
• Chemicals: Chemical sector exposure spans two companies: Bhagiradha Chemicals and Industries Ltd and Mangalam Organics Ltd.
• Hospitality: Hospitality is represented by Advani Hotels and Resorts (India) Ltd, valued at ₹21 cr, while Education exposure comes through Aptech Ltd at ₹15.5 cr. Utilities rounds out the portfolio through BF Utilities Ltd, valued at ₹18.7 cr.

Radhakishan Damani Net Worth Trend

As of April 2026, the Radhakishan Damani net worth in rupees is estimated to be around 198,327.8 cr.  The bulk of this wealth is driven by his holding in Avenue Supermarts Ltd (D-Mart), where he remains the largest shareholder. Despite fluctuations in stock prices over the years, D-Mart continues to be the single largest contributor to his overall net worth.

Beyond his equity portfolio, Damani also holds stakes in companies like VST Industries, United Breweries and TSF Investments, among others. His real estate holdings, including a bungalow in Mumbai valued at ₹1,001 cr and 28 luxury apartments valued at ₹1,238 cr, further diversify his asset base.

Radhakishan Damani Investment Strategy

Radhakishan Damani’s strategy in the stock market focused on a few key principles:

1. Value Investing: Damani looks for companies whose stock prices are below their true value, seeing them as opportunities where the market has underestimated their potential.
2. Long-Term Focus: Damani invests with a long-term view, understanding that companies need time to realise their full potential. He is willing to wait for the stock market to reflect this.
3. Concentrated Portfolio: Damani keeps a focused portfolio, concentrating on a very few stocks. Currently, only 13 companies are part of his portfolio, which allows him to do rebalancing promptly and manage risks effectively.
4. Contrarian Approach: Damani often invests in companies that are out of favour with the market. He believes these undervalued stocks can perform well over time, even if they are overlooked by others.

Learnings from Radhakishan Damani Portfolio Analysis

Here are some key takeaways from Radhakishan Damani’s investment approach:

• Focus on Strong Fundamentals: Most of the stocks in Radhakishan Damani’s Portfolio have strong fundamentals. He believes these companies are more likely to succeed in the long run, making them good investment options.
• Adopt a Long-Term Perspective: Damani understands that creating significant value takes time and is willing to hold Radhakishan Damani investments until their potential is realised. He is very patient when it comes to the stock market and takes a long-term view on investments.
• Conduct Thorough Research: Damani relies on his own research rather than relying solely on analysts or financial advisors.  Gaining a deep understanding of investment opportunities helps Damani to make informed decisions.
• Exercise Patience: During a recession or bear market situation,  Damani has stayed calm and has waited for market conditions to improve before investing
• Maintain Discipline: A disciplined investment strategy has been a key contributor to the success of Radhakishan Damani’s portfolio. He stays calm during market fluctuations and is not afraid to sell underperforming stocks.

To Wrap It Up

Radhakishan Damani’s portfolio reflects a thoughtful approach to investing, focusing on sectors with strong growth potential. However, it’s important to remember that following someone else’s strategy doesn’t guarantee success. Always do your research and consider your own financial goals and risk tolerance before investing. If you’re looking for a guided approach, you can explore ready-made model portfolios on smallcase created by SEBI-reglinked experts based on various themes and sectors.

Frequently Asked Questions About the Radhakishan Damani Portfolio

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