DMart

Last updated

Avenue Supermarts Limited
DMart
Company type Public
ISIN INE192R01011
Industry Retail
Genre Supermarket
FoundedMay 15, 2002;22 years ago (2002-05-15)
Founder Radhakishan Damani [1]
Headquarters Powai, ,
India
Number of locations
365 (March 2024)
Area served
India
Key people
Products
  • Grocery & Staples
  • Daily Essentials
  • Dairy & Frozen
  • Home and furniture
  • Home Appliances
  • Bed & Bath
  • Clothing
  • Footwear
  • Toys
  • Crockery
  • Luggage
  • Health and beauty
  • Sporting goods and fitness
  • Fruits & Vegetables
RevenueIncrease2.svg50,935 crore (US$6.1 billion) (FY24) [2]
Increase2.svg3,461 crore (US$410 million) (FY24) [2]
Increase2.svg2,536 crore (US$300 million) (FY24) [2]
Total assets Increase2.svg21,177 crore (US$2.5 billion) (FY24) [2]
Number of employees
12,108 permanent (2023)
48,793 contractual (2023) [3]
Website www.dmartindia.com

Avenue Supermarts Limited, d/b/a DMart, is an Indian retail corporation that operates a chain of supermarkets in India. [4] It was founded by Radhakishan Damani in 2002 when its first store was opened in Powai, Mumbai. [5] [6] As of March 2024, it has 365 stores across 12 states and union territories in India. [7]

Contents

The company has its headquarters in Mumbai. [8] As of March 2023, DMart had a total of 12,108 permanent employees and 48,793 employees hired on contractual basis. [3]

History

A DMart store in the suburbs of Udupi. D-Mart.jpg
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. [9] [10]

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. [11]

Subsidiaries

See also

Related Research Articles

<span class="mw-page-title-main">Reliance Industries</span> Indian multinational conglomerate

Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue, and the 100th largest company worldwide. It is India's largest private tax payer and largest exporter, accounting for 7% of India's total merchandise exports. The company has relatively little free cash flow and high corporate debt.

<span class="mw-page-title-main">Apollo Tyres</span> Indian tyre manufacturing company

Apollo Tyres Limited is an Indian multinational tyre manufacturing company headquartered in Gurgaon, Haryana. It was incorporated in 1972, and its first plant was commissioned in Perambra in Chalakudy, Kerala. The company now has five manufacturing units in India, one in the Netherlands and one in Hungary. The company generates 69% of its revenues from India, 26% from Europe and 5% from other countries. Apollo announced its entry into the two-wheeler tyre segment with contract manufacturing in March 2016.

<span class="mw-page-title-main">Aditya Birla Fashion and Retail</span> Indian clothing retail company

Aditya Birla Fashion and Retail Limited (ABFRL) is an Indian fashion retail company headquartered in Mumbai. It emerged after the consolidation of the branded apparel businesses of Aditya Birla Group, comprising ABNL's Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL), in May 2015. Post consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd.

Bharti Enterprises Limited is an Indian multinational conglomerate, headquartered in Delhi. It was founded in 1976 by Sunil Bharti Mittal. Bharti Enterprises owns businesses spanning across telecommunications, manufacturing, insurance, real estate, hospitality, and food. The group's flagship company, Bharti Airtel, is a telecom service provider with operations in more than 18 countries across Asia, Africa and Europe. The company ranks amongst the top two mobile network operators globally by number of subscribers.

<span class="mw-page-title-main">Bharat Petroleum</span> Indian central public sector undertaking

Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking (PSU) under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai. BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. BPCL was ranked 309th on the Fortune list of the world's biggest PSUs in 2020, and 1052nd on Forbes's "Global 2000" list in 2023.

<span class="mw-page-title-main">Hindustan Petroleum</span> Subsidiary of Oil and Natural Gas Corporation

Hindustan Petroleum Corporation Limited (HPCL) is an Indian public sector undertaking in petroleum and natural gas industry, headquartered in Mumbai, and a subsidiary of the Oil and Natural Gas Corporation (ONGC), which is owned by the Ministry of Petroleum and Natural Gas, Government of India.

Yes Bank is an Indian private sector bank, headquartered in Mumbai, catering to retail customers, MSMEs, and corporate clients. Its network is spread across 300 districts in India and comprises 1,198 branches, 193 BCBOs and 1,287+ ATMs.

<span class="mw-page-title-main">Reliance Retail</span> Indian retail company

Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries. Founded in 2006, it is the largest retailer in India in terms of revenue. Its retail outlets offer foods, groceries, apparel, footwear, toys, home improvement products, electronic goods, and farm implements and inputs. As of 2023, it has over 245,000 employees at 18,000 store locations in 7,000 towns. Apart from physical stores, the company also sells products on its e-commerce channels.

Ashiana Housing Ltd. (AHL) is an Indian real estate development company established in 1986 and headquartered in New Delhi, India. The firm is a real estate company that was recognized by Forbes as Asia's 200 Best Under A Billion in 2010 and 2011.

Onward Technologies is an Indian multinational software technology outsourcing company specializing in digital and ER&D services for the transportation & mobility, industrial equipment, heavy machinery, and healthcare & med-tech industries.

Welspun Living Limited, previously known as Welspun India Limited, is an Indian textile manufacturing company headquartered in Mumbai. Founded by Balkrishan Goenka in 1985, the company produces home textile products such as bed linen, terry towels, rugs, and yarn. Welspun operates several brands, including Christy, Spaces and Welhome, and is led by Dipali Goenka, who serves as the CEO and managing director.

<span class="mw-page-title-main">More (store)</span> Indian grocery chain - MORE Supermarkets

MORE is an Indian food and grocery retail store chain. More operates its stores under two formats; More Supermarkets and More Hypermarkets. More also offers an online grocery service via its mobile app. More Retail was previously known as Aditya Birla Retail Limited when it was part of the Aditya Birla Group before More was sold to investors led by Samara Capital and Amazon. More Retail has a network of 878 Supermarkets in 30 cities and 42 Hypermarkets in 12 cities.

Poonawalla Fincorp Limited is an Indian non-banking financial company (NBFC) engaged in consumer and MSME financing. It is headquartered in Pune and is part of the Cyrus Poonawalla Group.

Godrej Properties Limited is a real estate company with its head office in Mumbai, India and is one of the top three developers in Delhi-NCR, Bangalore, Mumbai & Pune. A subsidiary of Godrej Industries Ltd, the company was established in 1990 under the leadership of Adi Godrej. Godrej Properties Limited(GPL) is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It operates in Chandigarh, Gurgaon, Ahmedabad, Kolkata, Nagpur, Mumbai, Pune, Hyderabad, Mangalore, Noida, Bengaluru, Chennai and Kochi.

<span class="mw-page-title-main">IndiaMART</span> Indian e-commerce company

IndiaMART InterMESH Ltd is an Indian e-commerce company headquartered in Noida which has been listed as a "notorious market" since 2018 by the USTR for selling counterfeit products and illegal pharmaceuticals. It provides B2B and customer to customer sales services via its web portal. The company began in 1996 when Dinesh Agarwal and Brijesh Agrawal founded the website IndiaMART.com, a business-to-business portal to connect Indian manufacturers with buyers.

Radhakishan Shivkishan Damani is an Indian billionaire businessman and investor. He is the founder and chairman of retail chain DMart. Damani is referred to as the "retail king" of India.

<span class="mw-page-title-main">Metropolitan Stock Exchange</span> Indian stock exchange

Metropolitan Stock Exchange of India Limited (MSE) is a stock exchange under the ownership of Ministry of Finance, Government of India. The Exchange was notified of a "recognized stock exchange" under Section 2(39) of the Companies Act, 1956 by the Ministry of Corporate Affairs, Govt. of India, on December 21, 2012. The exchange's shareholders are some of India's top public sector banks, private sector banks, and domestic financial institutions.

<span class="mw-page-title-main">MSTC Limited</span> Indian e-commerce company

MSTC Limited is a central public sector undertakings under the Ministry of Steel, Government of India. It is involved in diversified e-commerce services. Its corporate office is in Kolkata, West Bengal with regional branch offices in various other cities. The company reported a net profit of INR 112.95 crore for fiscal year 2020-21. Incorporated on 9 September 1964, MSTC has 344 employees.

<span class="mw-page-title-main">1-India Family Mart</span> Online retailers of India

1-India Family Mart is a chain of value retail stores in India operated by Nysaa Retail Pvt. Ltd. The chain has the total of 100 stores across 81 cities of East and North of India. 1-India Family Mart has established the first store in Uttar Pradesh and later has expanded operations across Bihar, Chhattisgarh, Uttrakhand, Jharkhand, Madhya Pradesh, Odisha and the North East.

<span class="mw-page-title-main">Jupiter Wagons</span> Rolling stock manufacturer

Jupiter Wagons Limited is an Indian private manufacturer of railway freight wagons, passenger coaches, wagon components, cast manganese steel crossings and castings headquartered in Kolkata, West Bengal. The company manufactures coaches for the Indian Railways and many other private companies.

References

  1. "Radhakishan Damani has a string of challenges ahead of him and falling profits at DMart don't help".
  2. 1 2 3 4 "DMart Q4 Results: Net profit rises 8% to Rs 460 crore, revenue up 21%" (PDF). bseindia. 13 May 2023. Retrieved 4 May 2024.
  3. 1 2 "Annual Report 2022-23" (PDF). DMart. Avenue Supermarts Limited.
  4. Sonavane, Ravindra N. (11 June 2018). "D-Mart parent joins Rs1 trillion market cap club". www.livemint.com. Retrieved 11 June 2018.
  5. "DMart: The Juggernaut Continues To Roll For India's Value Shop". Forbes India. Retrieved 16 January 2023.
  6. "Radhakishan Damani has a string of challenges ahead of him and falling profits at DMart don't help". Business Insider. Retrieved 15 September 2020.
  7. "D-Mart's Q4 revenue from operation rises nearly 20% to Rs 12,393.46 cr". Business Standard. Retrieved 29 April 2024.
  8. "Corporate Presentation Jan 2020" (PDF). www.bseindia.com. 16 January 2020. Retrieved 25 March 2020.
  9. "Avenue Supermarts to fully acquire e-commerce unit". DNA India. Retrieved 16 January 2023.
  10. "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.
  11. "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.
  12. "Avenue Supermarts Directors Report | Avenue Supermarts Director Details". The Economic Times. Retrieved 15 May 2022.