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DMart

Avenue Supermarts Limitedd/b/a DMart, is an Indian retail corporation that operates a chain of hypermarkets in India. It was founded by Radhakishan Damani in 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 MaharashtraAndhra PradeshTelanganaGujaratMadhya PradeshChhattisgarhRajasthanNational Capital RegionTamil NaduKarnatakaUttar Pradesh, Daman and Punjab.[4][5]

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 IndustriesMarico 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.

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