Gopikishan Damani

Who is Gopikishan Damani? He is a Mumbai investor and the younger brother of Radhakishan Damani, with whom he controls Avenue Supermarts, the company behind the DMart supermarket chain 1. He became a stock broker in 1992 and is named with his wife among the promoters of the business 13.

Like his brother he keeps a very low public profile. The two have made some of Mumbai’s largest property purchases together, and in June 2024 they sold their India Cements holding to Kumar Mangalam Birla’s group 15.

How did Gopikishan Damani make his money?

Forbes classes his fortune as self-made, from retail and investments 1:

1. Stock broking (1992): He became a stock broker in 1992 and worked alongside his brother in the market 1.

2. DMart (2002): Radhakishan opened the first DMart in Powai, Mumbai, in 2002, and Gopikishan became one of the promoters of Avenue Supermarts 37.

3. Listing (2017): The company’s 2017 stock market listing turned the family’s holdings into billions of dollars 3.

4. Today: Forbes counts about 136 million Avenue Supermarts shares in his name, plus stakes in VST Industries, Sundaram Finance, United Breweries and other listed firms 1.

See Gopikishan Damani’s net worth.

What companies does Gopikishan Damani own?

His main asset is his stake in Avenue Supermarts, which reported revenue of ₹19,644 crore and net profit of ₹743 crore for July-September 2026 6. Bloomberg reports that the family investment company Bright Star Investments is owned by the brothers and their families 9. See Gopikishan Damani’s companies.

What is Gopikishan Damani’s net worth?

Forbes’ real-time list put Gopikishan Damani’s net worth at $5.26 billion (about ₹50,100 crore) on 5 November 2026, making him the 39th-richest Indian and 819th in the world 12.

Early life and background

Forbes gives his age as 68, which puts his birth in about 1958 1. He grew up in the same Mumbai family as Radhakishan; their father, Shivkishan Damani, worked in the stock market 7. Forbes notes that he was once given a government award as one of India’s highest taxpayers 1. The full story is in the Gopikishan Damani biography.

Who is in Gopikishan Damani’s family?

His wife, Kirandevi Damani, is listed with him among the promoters of Avenue Supermarts 8. His elder brother Radhakishan founded DMart. See Gopikishan Damani’s family.

Where does Gopikishan Damani live?

He lives in Mumbai. In March 2021 he and Radhakishan bought Madhukunj, a bungalow on Malabar Hill, for ₹1,001 crore, and in 2023 they paid a reported $155 million for 28 flats in a Worli tower developed by Vikas Oberoi 15. See Gopikishan Damani’s house and lifestyle.

Gopikishan Damani’s career at a glance

Key dates: stock broker (1992), DMart opens (2002), Avenue Supermarts listing (2017), Madhukunj purchase (2021), Worli flats (2023) and India Cements sale (2024). Each year is in the Gopikishan Damani career timeline.

Rankings Gopikishan Damani appears in

• Richest people in India: #39 on Forbes real-time, 5 November 2026

• Richest people in e-commerce and retail, with Radhakishan Damani and Falguni Nayar

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