January 12, 2025: In a significant shake-up, Avenue Supermarts’ long-serving CEO Neville Noronha exits after two decades at the helm of DMart, paving the way for Unilever’s Anshul Asawa to take the reins as the new chief executive.

Avenue Supermarts, the parent company of DMart, has announced that its CEO and Managing Director, Neville Noronha, will step down after a 20-year tenure. Noronha has decided not to renew his role as CEO and MD, and his term will conclude in January 2026. Unilever’s Anshul Asawa has been appointed as the CEO Designate to take over the reins. This leadership transition is significant for DMart, one of India’s largest retail chains. The company has been a major player in the Indian retail market, and Noronha’s departure marks the end of an era. Asawa, who has experience working with Unilever, will bring new perspectives and expertise to the company. The news is significant for investors, business professionals, and anyone interested in the retail industry. This development is part of the company’s efforts to adapt to changing market conditions and ensure its continued growth and success.