DMart will be no pushover for Reliance

An early peek into how Ambani versus Damani is going to play out⁠—offline and online⁠—now that Biyani looks to be folding.

Altamount Road is the billionaire boulevard in Mumbai, home to many of India’s wealthiest. The 27-floor palace of Mukesh Ambani, India’s wealthiest person, is about a four-minute walk from the home of Radhakishan Damani, currently the second-wealthiest Indian, who lives on the 30th floor of Prithvi Apartments.  

As a shift in India’s organized retail sector plays out, a clash between the two billionaires is imminent.

For weeks now, the air in newsrooms has hung heavy with the rumour of an imminent sale of Kishore Biyani’s retail empire to Reliance Retail, owned by Reliance Industries Ltd, Ambani’s oil-to-telecom conglomerate. Last …


Varun Sood

Varun is a Bengaluru-based journalist and former writer at The Morning Context. In his thirteen-year stint as a print journalist, he had worked with a number of publications, including Business Standard, the Financial Times, The Economic Times and Mint.