DMART

Introduction
Avenue Supermarts Limited,  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. As of 31 December 2019, it had 196 stores in 72 cities
across 11 states in India including Maharashtra, Andhra
Pradesh, Telangana, Gujarat, Madhya
Pradesh, Chhattisgarh, Rajasthan, National Capital
Region, Tamil Nadu, Karnataka, Uttar Pradesh, Daman
and Punjab.
DMart is promoted by Avenue Supermarts Ltd. (ASL). 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.
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 Industries, Marico and Bank of
Baroda. 
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.
Our Vision:
It is our continuous endeavor to investigate, identify and make
available new products/categories for the
customer’s everyday use and at the ‘best’ value than anybody
else.
Our Mission:
To be the lowest priced retailer in the area of
operation/city/region.
Our Values:
Action, Care and Truth.
Culture:
We’re strong believers in deriving excellence in customer
service through systematic ‘On the Job’training and rigor
at work. We value simplicity and humility in our people and
strongly believe that integrity and merit is the only
route to growth. We hire professionals who share our values
and unabashedly lead by example.
DMart Success story:
DMart launched its first store in Powai in 2002. It was a humble
beginning. It’s rapid expansion began in 2007.
DMart today has a well-established presence in 238 locations,
in approx. 30 cities across11 states i.e.
Maharashtra,Gujarat, Chhattisgarh, Madhya Pradesh,
Karnataka, Andhra Pradesh, Telangana, Tamil Nadu,
Rajasthan, NCR and Punjab, and we still continue to grow….
Opportunities at DMart: What can you look forward to?
· A supportive working environment
· Enriching learning experience
· An opportunity to grow while you learn
· A fulfilling career

AVENUE SUPERMARTS LTD. (DMART) - COMPANY HISTORY

Avenue Supermarts was incorporated as Avenue Supermarts
Private Limited on May 12 2000 at Mumbai Maharashtra as a
private limited company under the Companies Act 1956.
Subsequently the name of the Company was changed to
Avenue Supermarts Limited due to conversion from a private
company to a public company pursuant to a special resolution
passed by the Shareholders at an extraordinary general
meeting held on February 1 2011. Pursuant to the aforesaid
change of name a fresh certificate of incorporation was issued
to the Company by the RoC on May 3 2011.The supermarket
chain of DMart stores is owned and operated by Avenue
Supermarts Ltd. (ASL). The company has its headquarters in
Mumbai. The brands D Mart D Mart Minimax D Mart Premia D
Homes Dutch Harbour etc are brands owned by ASL. DMart is a
one-stop supermarket chain that aims to offer customers a
wide range of basic home and personal products under one
roof. Each DMart store stocks home utility products - including
food toiletries beauty products garments kitchenware bed and
bath linen home appliances and more - available at competitive
prices. The company's core objective is to offer customers good
products at great value.DMart was started by Mr. Radhakishan
Damani and his family to address the growing needs of the
Indian family. From the launch of its first store in Powai in 2002
DMart today has a well-established presence in 154 locations
across Maharashtra Gujarat Andhra Pradesh Madhya Pradesh
Karnataka Telangana Chhattisgarh NCR Tamil Nadu Punjab and
Rajasthan.In 2007 DMart entered Gujarat with its first store in
the state. In 2010 the total store count of our company crossed
25 stores and the audited consolidated revenue crossed Rs
1000 crore mark. In 2012 the store count of the company
crossed 50 stores. In 2014 the store count of our company
increased to 75 stores. In 2015 audited consolidated revenue of
the company crossed Rs 5000 crore mark. In 2016 the store
count of our company increased to 110 and the consolidated
revenues crossed Rs 7500 crore mark. On 30 September 2016
the company filed Draft Red Herring Prospectus and on 2
March 2017 filed Red Herring Prospectus with SEBI for raising
Rs. 1870 crore. The IPO was open through the book building
route from 8 March 2017 to 10 March 2017 with Price Band of
Rs 295 to Rs 299 per share. The Issue got subscribed 73.41
times leading to its Issue Price being fixed at Rs 299 per share.
The Shares got listed on BSE and NSE on 21 March 2017. The
stock debuted at Rs 604.40 on BSE which is 102.14% above
issue price.On 2 February 2018 Avenue Supermarts (ASL)
announced that the company has completed the acquisition of
4.35 crore equity shares of Rs 10 each fully paid-up of Avenue
E-Commerce Limited at a price of Rs 11.30 per equity share
aggregating to Rs 49.21 crore. Pursuant to this Avenue E-
Commerce Limited has become a wholly-owned subsidiary of
the company. Before the acquisition of additional shares ASL
held 49.21% stake in Avenue E-Commerce Limited. Earlier ASL's
Board of Directors at its meeting held on 25 January 2018 had
approved acquisition of additional 4.35 crore equity shares
constituting 50.79% of the share capital of Avenue E-Commerce
Limited an Associate Company from other shareholders for
total consideration of Rs 49.21 crore. Avenue E-Commerce
Limited is engaged in the business of online retail of food
products and groceries in India. The company clocked turnover
of Rs 1.20 crore in 2016-17.On 7 March 2018 Avenue
Supermarts (ASL) announced that the shareholding of the
company in Avenue E-Commerce Limited has reduced from
100% to 99.66% pursuant to the allotment of shares on
preferential basis by Avenue E-Commerce Limited to ASL and
other applicants of the issue
OVERVIEW
DMart is a one-stop supermarket chain that aims to offer
customers a wide range of basic home and personal products
under one roof. Each DMart store stocks home utility products -
including food, toiletries, beauty products, garments,
kitchenware, bed and bath linen, home appliances and more -
available at competitive prices that our customers appreciate.
Our core objective is to offer customers good products at great
value.
DMart was started by Mr. Radhakishan Damani and his family
to address the growing needs of the Indian family. From the
launch of its first store in Powai in 2002, DMart today has a
well-established presence in 238 locations across Maharashtra,
Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka,
Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and
Rajasthan. With our mission to be the lowest priced retailer in
the regions we operate, our business continues to grow with
new locations planned in more cities.
The supermarket chain of DMart stores is owned and operated
by Avenue Supermarts Ltd. (ASL). The company has its
headquarters in Mumbai.
* The brands D Mart, D Mart Minimax, D Mart Premia, D
Homes, Dutch Harbour, etc are brands owned by ASL.