Avenue Supermarts, parent company of DMart, has appointed Unilever’s Anshul Asawa as its new CEO.

Neville Noronha, the CEO of Avenue Supermarts (DMart) for over two decades, will step down from his position on January 1, 2026. He will be succeeded by Anshul Asawa, who is currently the General Manager of Unilever’s Greater Asia region. Asawa has been appointed as the CEO designate and will take over on February 1, 2026. Noronha joined DMart in 2004 and has led the company’s growth from 5 stores to over 380 stores, with an annual turnover of over Rs 50,000 crore. During his tenure, he has implemented various organizational capability programs and has been instrumental in the company’s success. Asawa has a strong background in sales and marketing, having held senior leadership roles at Unilever in India and globally. He has experience in leading channel transformation and customer agendas, and has driven accelerated growth in new channels through new portfolio and route to market.