Avenue Supermarts Limited Company Profile: Products, Promoters and Clients

Avenue Supermarts Limited Company Description

Avenue Supermarts Ltd is a supermarket chain, which focuses on providing goods at affordable prices to its customers. It offers a range of product categories such as groceries, staples, packaged foods, home and personal care products, toys, bed, bath, crockery and home appliances.

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Q1. What are the Products and Services offered by Avenue Supermarts Limited?

The company bifurcates their offering into three segments-

• Foods: The foods segment includes groceries, diary, staples, processed foods, frozen products, snacks, beverages, confectionery, fruits, vegetables and cooking oils.
• Non-Foods (FMCG): This segment includes home care products, personal care products, toiletries and other over-the counter products.
• General Merchandise and Apparel: This segment includes Bed, bath accessories, toys, games, crockery, plastic goods, garments, footwear, utensils, and home appliances.

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Q2. Who are the Promoters of Avenue Supermarts Limited?

Mr. Radhakishan Damani: He is the founder and promoter of the company. He is also an veteran investor and philanthropist.

Mr. Neville Noronha: He is the CEO and Managing Director of the company. He has pursued his management degree from NMIMS. He has worked with Hindustan Unilever Ltd, prior to joining the company.

Mr. Ramakant Baheti: He is the Director, Finance and Chief Financial Officer of the company. He is also an qualified Chartered Accountant.

Q3. Who are the Clients of Avenue Supermarts Limited?

Avenue Supermarts Ltd is targeting the Indian retail market through its network of 371 retail chains located across Maharashtra, Gujarat, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Madhya Pradesh, Rajasthan, Punjab, NCR, Chhattisgarh and Daman. 

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(By Lakshya)