Avenue Supermarts CEO Neville Noronha steps down after 20-year stint at DMart, Unilever’s Anshul Asawa to be new chief
Live MintDMart leadership transition: Avenue Supermarts, which operates the retail chain DMart, announced a top-level management reshuffle and leadership transition on Saturday, January 11, after CEO and Managing Director Neville Noronha stepped down from his position after an illustrious stint spanning over two decades. DMart leadership transition: Anshul Asawa to replace Neville Noronha Anshul is expected to take over as the MD and CEO on February 1, 2026, after Neville's term concludes, which is one year from now. Avenue Supermarts commended Neville's tenure at DMart, saying that it has been defined by transformative growth, a deep commitment to operational excellence, and the establishment of a strong corporate culture. “He has built robust managerial teams, implemented efficient systems and processes, and fostered a customer-first approach that has delivered outstanding results for all stakeholders.” Neville joined DMart in January 2004 and shepherded the retail major from its early years to its current position as one of the largest supermarket chains in the country.
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