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.jpg) A DMart store inTirupati | |
| DMart | |
| Company type | Public |
| ISIN | INE192R01011 |
| Industry | Retail |
| Genre | |
| Founded | 15 May 2002; 23 years ago (2002-05-15) |
| Founder | Radhakishan Damani |
| Headquarters | Powai,, India |
Number of locations | 415 (March 2025) |
Area served | India |
Key people |
|
| Revenue |  ₹59,358 crore (US$7.0 billion) (2025) |
| ₹4,487 crore (US$530 million) (2025) | |
| ₹2,707 crore (US$320 million) (2025) | |
| Total assets | ₹24,891 crore (US$2.9 billion) (2025) |
| Total equity | ₹22,230 crore (US$2.6 billion) (2025) |
Number of employees | 13,971 permanent and 59,961 contractual (2024) |
| Website | www |
| Footnotes / references Financials as of 31 March 2025[update].[1][2] | |
Avenue Supermarts Limited,d/b/aDMart, is an Indianretail corporation that operates a chain ofsupermarkets andhypermarkets. The company was founded byRadhakishan Damani and is based inMumbai. As of March 2025, DMart has 415 stores across 12states and union territories in India.[3]
In March 2024, the company had a total of 13,971 permanent employees and 59,961 employees hired on contractual basis.[4]
Incorporated in 2000 byRadhakishan Damani, DMart opened its first store inPowai,Mumbai, in 2002.[5][6] In its early years, the company adoptedeveryday low price strategy[6] and pursued "slow expansion", growing to 29 stores acrossMaharashtra andGujarat in 2010. Unlike other Indian supermarkets which typicallyleased 4,000 sq ft properties, DMart operated much larger stores, ranging up to 30,000 sq ft, most of which it owned.[7][8]
In 2013, DMart reported having 65 stores across Maharashtra and Gujarat, along with one store each inHyderabad andBangalore as it began expanding to other states. At the time, DMart became the third largest retail company by revenue, afterReliance Retail andFuture Group.[9]
In October 2016, DMart had 112 stores, having expanded toTelangana,Andhra Pradesh,Karnataka,Madhya Pradesh andChhattisgarh.[10][11] In December 2016, the company started itse-commerce venture called DMart Ready, allowing users to order groceries and household products online.[12][13]
The company launched itsinitial public offering (IPO) in March 2017 and got listed on theNational Stock Exchange andBombay Stock Exchange. On its listing date 22 March 2017, it became the 65th most valuable Indian firm.[14] By 2018, it enteredTamil Nadu,Rajasthan,Punjab,Delhi NCR andDaman.[15]
In 2021,The Ken noted that DMart's newer stores ranged between 50,000 and 60,000 sq ft, nearly twice the average size of its existing stores.[16] In 2022, DMart surpassed 300 stores, with three-fourths located in itscluster-states of Maharashtra, Gujarat, Telangana, Andhra Pradesh and Karnataka.[17][15]
