Radhakishan Damani | Gulf Business
Industry Titans

Radhakishan Damani

Chairperson, VST Industries

Dubbed the retail king, Radhakishan Damani is an influential Indian investor, entrepreneur, and founder of DMart, a chain of hypermarkets in the South Asian nation. The renowned founder of Avenue Supermarts, which runs almost 336 DMart stores in India, started his journey in Mumbai in 2002.

Damani also controls other investment ventures via his company, Bright Star Investments. He holds stakes in VST Industries and India Cement, and his property portfolio includes the 156-room Radisson Blu Resort in Alibag, a popular beachfront getaway near Mumbai.

VST Industries is a Hyderabad-based tobacco company established in 1930. It is one of the leading producers of cigarettes in India and is known for its brands such as Charminar, Charms, and Total. Damani has also invested in Chennai Super Kings – an IPL franchise backed by India Cements.

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