₹7,303 crore
DMart had launched its first store in Mumbai’s Powai in 2002. Since then, the company has gone on to have a total of 234 stores across India.
BI India
Advertisement
However, most of its stores are in Maharashtra. The state, which is the home to country’s financial capital Mumbai, accounts for 35.5% of all DMart stores in the country. The retailer has bought more land in Maharashtra to invest more in the state.
A key part of the famed DMart’s model of success was this concentration. According to broking firm Elara Capital, Maharashtra, Tamil Nadu, Karnataka and Gujarat are top four states in terms of per capita retail spending and population size and nearly two out of three of DMART stores are in these four states. It worked really well during the good times.
Mukesh Ambani India's richest with $84.5 bn, Gautam Adani 2nd: Forbes prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
Radhakishan Damani, since the unreal surge of DMartâs share prices during the initial Coronavirus-imposed lockdown, has been at the centre of financial news. Moving up the list of richest Indian billionaires and even dethroning them briefly to take the top spot, Damani has witnessed an exponential growth over the past few years. This growth also meant that Damani was also listed as the 8th richest Indian billionaire on the Hurun India Rich List 2021, with a net worth of Rs 1 lakh crore ($14.5 billion). According to Financial Express, Avenue Supermarts, the mother company of DMart, reported a massive 16.2 percent year-on-year unaudited net profit jump to Rs 446.95 crore for the third quarter of FY 20-21. The total consolidated income for the company also saw a rise of 11.3 percent from Rs 6,815 crore to Rs 7,587.32 crore.
Billionaire Investor Radhakishan Damani Executes Largest Ever Residential Deal Anywhere In India; Pays Rs 30 Crore As Stamp Duty swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
DMart Founder Radhakishan Damani Purchases Two-Storey Bungalow In Mumbai For Record Rs 1,001 Cr
The market price of the property, which is located in South Mumbai’s Malabar Hill area, is Rs 724 crore and Damani has paid a stamp duty of Rs 30.03 crore, reports claimed File Photo Outlook Web Bureau 2021-04-04T15:55:32+05:30 DMart Founder Radhakishan Damani Purchases Two-Storey Bungalow In Mumbai For Record Rs 1,001 Cr outlookindia.com 2021-04-04T16:09:30+05:30
In what is being considered as the largest residential property transaction in Indian history, DMart founder Radhakishan Damani, purchased a property in Mumbai for Rs 1,001 crore.
According to a report published by Business Standard, the property has an area of 5,752.22 square metres.