Radhakishan Damani will compete with Mukesh Ambani, will open 1200 new stores of D-Mart, 50 stores have been opened since March till date

D-Mart founder Radhakishan Damani plans to open new stores to compete with Mukesh Ambani’s Reliance Retail. according to reports Mukesh Ambani(To compete with Mukesh Ambani, Radhakishan Damani will increase the number of D Mart stores by 5 times. He also started working on his plan.

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The company plans to open 1200 new stores

Mukesh Ambani(Radhakishan Damani will compete with Mukesh Ambani, D-Mart currently has 284 stores across the country, which has been decided to increase to 1500. Accordingly, the company plans to open 1216 new stores. Neville Noronha, Chief Executive Officer of Avenue Supermarts Limited gave this information. However, he did not specify the timeline and how much investment would be made for it.

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D-Mart to open 135 new stores by 2024

According to a report earlier this month by Mumbai-based brokerage Motilal Oswal, Avenue Supermart may add 135 D-Mart stores by March 2024. Radhakishan Damani will compete with Mukesh Ambani, the opening of the new store of D-Mart can also make a difference to the business of Reliance Retail. Reliance Retail currently has 12,711 stores. Noronha said, “The big players in the market can do their job without worrying about each other. No need to worry about the next 20 years. The development in this area is looking good.” D-Mart has opened 50 new stores since March this year.

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The first store opened in Mumbai in 2002

From pulses to oil, D-mart has become the first choice for grocery buyers at affordable prices. It started in 2002 in Powai area of ​​Mumbai, where Radhakishan Damani will compete with Mukesh Ambani, D-Mart opened its first store. In 1999, Damani started the franchise of ‘Apna Bazaar’ in Nerul, Navi Mumbai, but he was not satisfied with the model.

Jhunjhunwala also considered Damani as his guru.

Success Story Banana The company was founded by Damani, a successful investor, who also considered the big bull of the stock market, Rakesh Jhunjhunwala as his mentor. People also know him as ‘RD’. Due to his preference for white clothes, many people also call him ‘Mr. White and White’.

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