Introduction
Dubbed “India’s Warren Buffett,” Radhakishan Damani founded D-Mart in 2002. It had its first store at Powai’s Hiranandani Gardens. There are 263 Dmart stores spread across Maharashtra, Gujarat, Karnataka, Telangana, Andhra Pradesh, Chhattisgarh, Madhya Pradesh, the National Capital Region, Tamil Nadu, and Rajasthan. Mr. Radhakishan Damani had initially been a stock market broker before becoming an investor. He learned a lot about businesses during his trading career, which made his business principles strong. When he bought an Apna Bazaar franchise in 1999, he could not understand and was not convinced by their business plan. Later, he went to the United States and visited Walmart, which pleased him with their system and business approach.
And set up his own hypermarket chain.D-Mart started 25 between 2002 and 2010, and currently stands over 200 by 2022. In the past ten years, D-Mart grew dramatically. In 2017, Avenue Super Marts-the owner of D-Mart-had announced that its IPO for Rs 1,870 cr would open up for subscription on March 8. After listing at its IPO, it gave its historic debut on the National Stock Exchange under the name of Avenue Super Marts Ltd. The market value of the shares increased to Rs 39,988 crore after it closed on March 22, 2017. This ranked it as the 65th most valuable company in India, surpassing Bank of Baroda, Marico, and Britannia Industries.[8] With a market valuation of around Rs 114,000 Cr as of November 21, 2019, DMart is the 33rd largest company listed on the Bombays.
Objective About D Mart Company
A chain of hypermarkets is operated by D Mart-an Indian retail corporation. Due to its being the largest retailer in India, which has opened 263 stores in 72 cities covering 11 states, the company derives its name D-Mart. By market valuation, D-Mart comes out as the 11th most valued Indian companies with a capitalization figure of 1, 58, 902.37 Cr in the BSE. Goods sold in D-Mart:
Daily and frozen groceries, essentials, fruits, and vegetables
Furniture, accessories, and home furnishings
Health and beauty, bed and bath, clothes, shoes, toys, crockery, and baggage
athletic ability and grace
With 263 locations distributed across 72 cities in 11 states, this supermarket network is the largest retail chain available in India.
