UPDATE ON AUG 19, 11:34 PM IST
Radhakishan Damani has joined the list of 100 richest people in the world with a net worth of Rs 1.42 lakh crore as per the Bloomberg Billionaires Index.
Radhakishan Damani, the founder of leading retail company D-Mart, is now among the 100 richest people in the world. According to the Bloomberg Billionaires Index, Damani has slipped to the 98th position with a net worth of Rs 1.42 lakh crore ($19.2 billion). The Bloomberg Billionaires Index is a daily ranking of the world's richest people.
Along with Damani, this Indian is also included in this list. Apart from Radhakishan Damani, Reliance's owner Mukesh Ambani, Adani Group's Gautam Adani, Wipro's founder Azim Premji, Shapoorji Pallonji Group's Pallonji Mistry, HCL Technologies founder Shiv Nadar and ArcelorMittal Group's Lakshmi Mittal are in the list. are also included.
Damani's company's revenue stood at Rs 5,032 crore in the June quarter The company's standalone net profit jumped 132 per cent to Rs 115 crore in the first quarter of FY22. Whereas in the same quarter a year ago, the company's profit was Rs 50 crore. The company's revenue grew 31 per cent to Rs 5,032 crore in the June quarter.In the June 2020 quarter, this figure was Rs 3,833 crore. The EBITDA (earnings before interest, taxes, devaluation and amortization) of the company stood at Rs 221 crore during this period. A year ago it was Rs 109 crore. The company's EBITDA margin stood at 4.4 per cent, up from 2.8 per cent last year.
Market capitalization is Rs 2,36,538.17 crore At present, the share of Avenue Supermarts is at the level of 3651.55 on BSE. It had gained 19.05 points (+0.52 per cent) in the previous session. The market capitalization of the company is Rs 2,36,538.17 crore.The country's most expensive bungalow was bought for 1001 crores It is known that recently Radhakishan Damani had bought a bungalow worth Rs 1,001 crore in Malabar Hills area of South Mumbai. Damani got the registration done on March 31 by paying 3% stamp duty. Even after the exemption, he had given stamp duty of 30 crores.He has paid Rs 1.60 lakh per square foot for this one and a half acre bungalow. Damani had also bought a property worth Rs 500 crore in 2020 under CCI Projects in Sanjay Gandhi National Park, 8.8 acres of land.