DMart

  (Redirected from D-Mart)

Avenue Supermarts Limited, d/b/a DMart, is an Indian chain of hypermarkets in India founded by Radhakishan Damani in the year 2002, with its first branch in Powai’s Hiranandani Gardens.[3] As of 31 December 2019, it had 196 stores in 72 cities across 11 states in India including Maharashtra, Andhra Pradesh, Telangana, Gujarat, Madhya Pradesh, Chhattisgarh, Rajasthan, National Capital Region, Tamil Nadu, Karnataka, Uttar Pradesh, Daman and Punjab.[4][5]

Avenue Supermarts Limited
DMart
TypePublic
ISININE192R01011
IndustryRetail
FoundedMay 15, 2002; 18 years ago (2002-05-15)) (in Powai, Mumbai)
FounderRadhakishan Damani
HeadquartersPowai, ,
Number of locations
214[1] (June 2020)
Area served
India
Key people
ProductsSupermarket
RevenueIncrease 24,930 crore (US$3.5 billion) (2020)[2]
Increase 1,813 crore (US$250 million) (2020)[2]
Increase 1,300 crore (US$180 million) (2020)[2]
Total assetsIncrease 12,076 crore (US$1.7 billion) (2020)[2]
Total equityIncrease 10,431 crore (US$1.5 billion) (2020)[2]
Number of employees
9,456 permanent (2020)[2]
38,952 contractual (2020)[2]
Websitedmartindia.com

DMart is promoted by Avenue Supermarts Ltd. (ASL).[6] The company has its headquarters in Mumbai. As of 31 March 2019, DMart had a total of 7,713 permanent employees and 33,597 employees hired on contractual basis.[7]

After the IPO listing (as Avenue Supermarts Ltd.), it made a record opening on the market on the National Stock Exchange. After the close of the stock on 22 March 2017, its market value rose to 39,988 crore. This pegged it as the 65th most valuable Indian firm, ahead of Britannia Industries, Marico and Bank of Baroda. [8]

As of 21 November 2019, the market capitalization of DMart is close to 114,000 crore, making it the 33rd largest company listed on the Bombay Stock Exchange.

A DMart store in Tirupati.
A DMart store in Tirupati.

ReferencesEdit

  1. ^ https://www.businessinsider.in/business/news/radhakishan-damani-has-a-string-of-challenges-ahead-of-him-and-falling-profits-at-dmart-dont-help/articleshow/76936913.cms
  2. ^ a b c d e f g "Avenue SupermartsLtd. Financial Statements". moneycontrol.com.
  3. ^ "Radhakishan Damani has a string of challenges ahead of him and falling profits at DMart don't help". Business Insider. Retrieved 15 September 2020.
  4. ^ "Submission to BSE - Report on the proceedings of the company meeting and Investor relations update October 2018" (PDF). www.dmartindia.com. Avenue supermarts. Retrieved 15 October 2018.
  5. ^ "Corporate Presentation Jan 2020" (PDF). www.bseindia.com. 16 January 2020. Retrieved 25 March 2020.
  6. ^ Sonavane, Ravindra N. (11 June 2018). "D-Mart parent joins Rs1 trillion market cap club". www.livemint.com. Retrieved 11 June 2018.
  7. ^ "Annual Report 2018-19" (PDF). www.dmartindia.com. 23 July 2019. Retrieved 25 March 2020.
  8. ^ "D-Mart: Will today's winner Radhakishan Damani of D-Mart face these four challenges of tomorrow?". Economictimes.indiatimes.com. 23 March 2017. Retrieved 19 July 2018.

External linksEdit