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Billionaire Profile
Gopikishan Damani
Global Rank
#581

Image: Public domain | via Wikimedia Commons

Gopikishan Damani

CEO, Avenue Supermarts
IN
Real-Time Net Worth
$6.53B
As of December 2025
Age
67
Source
Retail, investments
Industry
fashion-retail
Citizenship
IN

Biography

Gopikishan Damani, at 67 years old, is a prominent figure in the Indian retail and investment sectors. His source of wealth primarily stems from retail and investments, alongside his brother Radhakishan Damani. He is known for his pivotal role in the success of Avenue Supermarts, the parent company of the well-known D-Mart chain. The Damani brothers are celebrated for their strategic investments and substantial real estate acquisitions in Mumbai. As of December 2, 2025, his net worth is estimated at $6.53 billion, a testament to his successful career. He is ranked #581 in the world, and #27 in India.

Wealth Over Time

In-Depth Profile

Early Life

Gopikishan Damani, along with his elder brother Radhakishan Damani, was introduced to the world of commerce early in life. Their father, Shivkishanji Damani, was a trader in stocks and commodities, which instilled in them a deep understanding of markets and investment strategies.

Rise to Success

Gopikishan Damani has largely maintained a low profile, working behind the scenes to ensure the success of D-Mart. His role in managing the operational intricacies and expanding the chain's reach has been pivotal to its growth. He embarked on his investment journey in 1992.

Key Business Strategies

D-Mart's business model reflects the Damani brothers' conservative yet effective approach to investments. Unlike many competitors, the chain follows an ownership model, acquiring real estate for its stores rather than leasing it. This not only ensures cost efficiency but also provides long-term stability.

Philanthropy

Specific philanthropy amounts are not available through the search results.

Career Milestones

1992

Investment Journey

Gopikishan Damani started his investment journey.

2000

Founded D-Mart

The Damani brothers founded Avenue Supermarts, the parent company of D-Mart.

2021

Real Estate Investment

The Damani brothers purchased a house in South Mumbai for over $100 million.

2023

Real Estate Investment

The Damani brothers acquired 28 luxury apartments in a premium tower in mid-town Mumbai for $155 million.

2024

Sale of India Cements Holding

Gopikishan and his brother Radhakishan sold their holding in India Cements to billionaire Kumar Birla in June 2024.