DMart founder and ace investor Radhakishan Damani is among India’s richest stock market investors, with his family’s net worth estimated at over $20 billion, according to Forbes. Popularly known as the “retail king of India”, the billionaire publicly holds 14 stocks. Here are his top 10 stock holdings by value, based on data from Trendlyne.
Avenue Supermarts, operator of the DMart hypermarket chain, remains Radhakishan Damani’s largest holding. He held a 67% stake as of September 30, 2026, valued at more than Rs 1.38 lakh crore, according to Trendlyne data. The stock has fallen around 18% in the past month and 15% in 2026 so far. It has declined more than 26% in one year, 14% in three years and over 30% in five years.
NSE shares made their much-awaited market debut on September 24, listing at Rs 1,800 apiece on BSE. This marked a premium of less than 1% over the IPO price of Rs 1,785. Radhakishan Damani was one of the popular stakeholders in the company who sat out on the IPO, making NSE his second biggest stock holding after DMart in terms of holding value. He owns 1.6% stake worth Rs 6,527 crore.
Damani and his family acquired around a 2.4% stake in NBFC Sundaram Finance during the April-June quarter of FY27, which they kept unchanged in Q2 according to Trendlyne data. The stock has dropped around 151% in the past month and more than 25% in 2026 so far. It has gained 25% in three years and 57% in five years.
Damani and his firm Bright Star Investments held a 29% stake in cigarette maker VST Industries as of September 30, 2026, valued at over Rs 974 crore. The stock has fallen around 2% in the past week, 5% in a month and 22% in 2026 so far. It has declined 23% in one year and 33% in three years.