Avenue Supermarts Limited
DMart
Company typePublic
ISININE192R01011
IndustryRetail
FoundedMay 15, 2002; 21 years ago (2002-05-15)
FounderRadhakishan Damani[1]
HeadquartersPowai, ,
India
Number of locations
350 stores (14 December 2023)
Area served
India
Key people
Products
RevenueIncrease 42,968 crore (US$5.4 billion)[2] (2023)
Increase 3,639 crore (US$460 million)[2] (2023)
Increase 2,378 crore (US$300 million)[2] (2023)
Total assetsIncrease 18,106 crore (US$2.3 billion)[2] (2023)
Total equityIncrease 15,383 crore (US$1.9 billion)[2] (2023)
OwnerRadhakishan Damani (74.65% stake)[3]
Number of employees
12,108 permanent (2023)[4]
48,793 contractual (2023)[4]
Websitewww.dmartindia.com

Avenue Supermarts Limited, d/b/a DMart, is an Indian retail corporation that operates a chain of supermarkets in India.[5] It was founded by Radhakishan Damani in 2002 when its first store was opened in Powai, Mumbai.[6][7] As of 14 December 2023, it has 341 stores across 14 states in India.[8]

The company has its headquarters in Mumbai.[9] As of 31 March 2022, DMart had a total of 10,713 permanent employees and 58,597 employees hired on contractual basis.[10]

History

This section needs expansion. You can help by adding to it. (January 2023)
A DMart store in the suburbs of Udupi.

In December 2016, the company started its e-commerce venture called DMart Ready, allowing users to order groceries and household products online.[11][12]

The company launched its initial public offering (IPO) in March 2017 and got listed on the National Stock Exchange and Bombay Stock Exchange. On its listing date 22 March 2017, it became the 65th most valuable Indian firm.[13]

Subsidiaries

See also

References

  1. ^ "Radhakishan Damani has a string of challenges ahead of him and falling profits at DMart don't help".
  2. ^ a b c d e "DMart Annual Report". 2023.
  3. ^ https://www.moneycontrol.com/india/stockpricequote/retail/avenuesupermarts/AS19
  4. ^ a b "Avenue SupermartsLtd. Financial Statements". moneycontrol.com.
  5. ^ Sonavane, Ravindra N. (11 June 2018). "D-Mart parent joins Rs1 trillion market cap club". www.livemint.com. Retrieved 11 June 2018.
  6. ^ "DMart: The Juggernaut Continues To Roll For India's Value Shop". Forbes India. Retrieved 16 January 2023.
  7. ^ "Radhakishan Damani has a string of challenges ahead of him and falling profits at DMart don't help". Business Insider. Retrieved 15 September 2020.
  8. ^ "D-Mart parent looks to open 40 stores in FY24, shares a key area of concern". CNBC TV18. 27 July 2023. Retrieved 31 July 2023.
  9. ^ "Corporate Presentation Jan 2020" (PDF). www.bseindia.com. 16 January 2020. Retrieved 25 March 2020.
  10. ^ "Annual Report 2018-19" (PDF). www.dmartindia.com. 23 July 2019. Retrieved 25 March 2020.
  11. ^ "Avenue Supermarts to fully acquire e-commerce unit". DNA India. Retrieved 16 January 2023.
  12. ^ "DMart Ready FY22 revenue sees 2-fold rise at Rs 1,667.21 cr; loss widens to Rs 142.07 cr". Business Today. 26 July 2022. Retrieved 16 January 2023.
  13. ^ "D-Mart: Will today's winner Radhakishan Damani of D-Mart face these four challenges of tomorrow?". The Economic Times. Economictimes.indiatimes.com. 23 March 2017. Retrieved 19 July 2018.
  14. ^ "Avenue Supermarts Directors Report | Avenue Supermarts Director Details". The Economic Times. Retrieved 15 May 2022.