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Not keen on title, but DMart CEO wants to stay connected after exit
Mint Mumbai
|August 22, 2025
Neville Noronha, the low-profile executive who turned DMart into India's largest listed retailer, isn't ready to walk away just yet.
Neville Noronha, the low-profile executive who turned DMart into India's largest listed retailer, isn't ready to walk away just yet. Set to step down as chief executive officer (CEO) in January 2026, Noronha has said he wants to stay connected with the company "in whatever form".
He joins a growing list of long-serving leaders at family-run firms, like Bharti Airtel's Gopal Vittal and Bajaj Finance's Rajeev Jain, who have continued in advisory or board roles even after leaving the corner office.
"I'm not particular about any title. But whenever, wherever the organization needs me, I'm available," Noronha said in DMart's once-a-year analyst interaction on 30 July, adding that it is for the promoter and the board to take a call. "But obviously, my association with DMart is beyond just the position I hold, right? I also have decent equity in the company," Noronha said.
Noronha owns 1.93% shares in Avenue Supermarts Ltd, which runs DMart, as of June 2025, according to shareholding data from the BSE.
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