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Email: nev*****@dma******.com
Mobile: 93620*****
Estimated Net Worth 💰 : ₹0 – ₹500+ Cr (approx. $0 – $60M)
Key Insights You Should Know About This Individual
- Neville Noronha served as the Managing Director and Chief Executive Officer of Avenue Supermarts Ltd, the parent company of DMart, starting in March 2011 and continuing for over 14 years.
- During Noronha's leadership, DMart expanded significantly from just five stores to over 380, showcasing a remarkable growth trajectory.
- Under Noronha's guidance, DMart achieved a significant milestone by surpassing ₹50,000 crore in annual turnover, highlighting the company's financial success.
- Noronha announced the decision to step down from the role of CEO and Managing Director in January 2025, marking the conclusion of a 20-year tenure at Avenue Supermarts.
- Noronha emphasized the importance of maintaining DMart's fundamental business principles, aiming to ensure continuity in the company’s operations and values.
- The transition in leadership will see Anshul Asawa from Unilever take over the CEO position, suggesting a strategic move to bring in fresh leadership while maintaining the company's established principles.
- Noronha's stewardship has cemented DMart's reputation in the retail sector, focusing on hypermarkets and supermarkets throughout India.
- The decision to not renew the role came after a period of substantial growth and transformation for Avenue Supermarts, setting a precedent for future leadership transitions.
| CIN/LLP | Company Name | Designation | Appointment Date |
|---|---|---|---|
| ABB-0698 | Kane Properties Llp | Designated Partner | 19 May 2022 |
| L51900MH2000PLC126473 | Avenue Supermarts Limited | Managing Director | 02 Jan 2006 |
| U52100MH2018PTC309999 | Reflect Healthcare And Retail Private Limited | Director | 28 May 2018 |
| U74120MH2014PLC259234 | Avenue E-Commerce Limited | Director | 11 Nov 2014 |
| U91990MH2005GAP151959 | Retailers Association Of India | Director | 16 Feb 2022 |
| CIN/LLP | Company Name | Designation | Appointment Date | End Date |
|---|
| YEAR | COMPANY | POSITION | SALARY | INCREMENT |
|---|---|---|---|---|
| 2024 | Avenue Supermarts Ltd. | Managing Director & CEO | 5.0 Cr | 10.3 % |
| 2023 | Avenue Supermarts Ltd. | Managing Director & CEO | 4.6 Cr | -0.0 % |
| 2022 | Avenue Supermarts Ltd. | Managing Director & CEO | 4.6 Cr | -0.0 % |
| 2021 | Avenue Supermarts Ltd. | Managing Director & CEO | 4.6 Cr | 0.0 % |
| 2020 | Avenue Supermarts Ltd. | Managing Director & CEO | 4.6 Cr | 0.0 % |
| 2019 | Avenue Supermarts Ltd. | Managing Director & CEO | 4.6 Cr | -0.2 % |
| 2018 | Avenue Supermarts Ltd. | Managing Director & CEO | 4.6 Cr | 31.1 % |
| 2017 | Avenue Supermarts Ltd. | Managing Director & CEO | 3.5 Cr | - |