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Radhakishan Damani (RD) - Journey from Dalal street to a billionaire
Many of u might have not read about this underrated billionaire bcoz he maintains low profile .
There’s a saying for him that “wo itni khamoshi se kaam karte hai ki unki kamyabi shor macha deti hai”.
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He made huge profits from it
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Well have u ever thought why DMart offers high discounts as compared to other stores ?
This credit goes to the strategy applied by Radhakrishan Damani
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1. Almost every store is owned by DMart , that means they don't have to pay for rent. And with this startegy they have never faced shutdown of any store of theirs since their inception
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5. Slotting fee - This is the another reason why they are able to offer high discounts.
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6. Operational Cost - If u have ever visited DMart u may have noticed that they don't have fancy interiors.
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7. Vendor relationship-
The FMCG industry has a payment norm of 12-21 days, but Dmart pays its vendors on 11th day itself. This helps him stay in the good books of the vendors and avoids stock outs.
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More from AKASH
LEO SZILARD - THE MAN WHO OWNED THE PATENT ON ATOMIC BOMB & CHANGED THE WORLD
Leo Szilard, an almost unknown scientist in today's times, made some surprising important contributions to science and society. Give in ur 10 mins to this thread bcoz ur mind is about to be blown.
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Szilard owned the patent on the atomic bomb - (https://t.co/MLq4JXPxVs). Pause for a minute and let that last statement sink in - there was a patent on the atomic bomb and this man owned it. The neutron was discovered in 1932 by James Chadwick and soon after, Szilard invented
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and patented the idea of a neutron based nuclear chain reaction in 1933-34, which also describes the resulting explosion.
In his university days, Szilard took courses from Einstein, who also highly praised Szilard's doctoral thesis.
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In the late 1920s, they worked together to develop refrigerators with no moving parts and they shared a few patents on those. Yes - Einstein had patents on refrigerators. Unfortunately, these refrigerators never became a commercial success,
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though a form of such refrigerators are still used today in nuclear power plants. Einstein and Szilard were very good friends throughout their lives. After discovery of fission in 1938,
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Leo Szilard, an almost unknown scientist in today's times, made some surprising important contributions to science and society. Give in ur 10 mins to this thread bcoz ur mind is about to be blown.
1/

Szilard owned the patent on the atomic bomb - (https://t.co/MLq4JXPxVs). Pause for a minute and let that last statement sink in - there was a patent on the atomic bomb and this man owned it. The neutron was discovered in 1932 by James Chadwick and soon after, Szilard invented
2
and patented the idea of a neutron based nuclear chain reaction in 1933-34, which also describes the resulting explosion.
In his university days, Szilard took courses from Einstein, who also highly praised Szilard's doctoral thesis.
3/
In the late 1920s, they worked together to develop refrigerators with no moving parts and they shared a few patents on those. Yes - Einstein had patents on refrigerators. Unfortunately, these refrigerators never became a commercial success,
4/
though a form of such refrigerators are still used today in nuclear power plants. Einstein and Szilard were very good friends throughout their lives. After discovery of fission in 1938,
5/