Veteran Mumbai investor Radhakishan Damani became India's retail king after the March 2017 IPO of his supermarket chain Avenue Supermarts. Damani got into retailing in 2002 with one store in suburban Mumbai. Today his company has 271 DMart stores across India. Damani also holds stakes in a range of companies, from tobacco firm VST industries to cement producer India Cements. His property portfolio includes the 156-room Radisson Blu Resort in Alibag, a popular beachfront getaway close to Mumbai. Damani, together with his brother Gopikishan, who's also a billionaire, reportedly bought a house in south Mumbai in 2021 for more than $100 million.