DMart MD and CEO Neville Noronha to step down in January 2026
Neville Noronha, MD and CEO of retail chain DMart, will step down from the position in January 2026, parent company Avenue Supermarts announced in an exchange filing. Noronha, who joined DMart in 2004, chose not to extend his contract after more than two decades at the firm. The Board has appointed Anshul Asawa as CEO Designate from March 15, 2025, and he will assume full responsibilities as MD and CEO with effect from February 1, 2026.
The appointment
- Effective
- January 2026
- Announced
- 11 January 2025
Key details
- Announced by
- Avenue Supermarts in an exchange filing on Saturday
- Successor
- Anshul Asawa, appointed CEO Designate from March 15, 2025
- Successor's full role effective
- February 1, 2026
- Successor's background
- IIT Roorkee and IIM Lucknow alumnus; 30-year stint at Unilever; currently country head of Unilever in Thailand and general manager for home care business in Greater Asia
Background
Noronha joined DMart in 2004 and spent more than two decades at the firm.
About DMart
Indian hypermarket chain.
- Headquarters
- Mumbai, Maharashtra
- Founders
- Radhakishan Damani
Funding on record
IPO · ₹1,870 crore
More from DMart
Other recent people moves
- Exit
Clensta co-founder and CBO Ashish Mishra steps down
- Exit
Nawaz Modi Singhania resigns as director on Raymond board
- Exit
Solv CEO Amit Bansal objects to 'wrongful termination' amid Jumbotail merger
Based on company announcements, filings and reporting by ET Retail. Details were checked against the source on 14 Nov 2026; we add nothing the source does not state.
Key facts
- Company
- DMart
- Person
- Neville Noronha
- New role
- CEO
- Type
- Exit
- Date
- 11 Jan 2025
- Source
- Media reports
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