Avenue Supermarts Ltd., doing business asDMart, is a chain of hypermarkets in India founded by Radhakishan Damani in the year 2002, with its first branch in Powai’s Hiranandani Gardens. As of 21 November 2019[update], it had 191 stores across India in the states of Maharashtra, Andhra Pradesh, Telangana, Gujarat, Madhya Pradesh, Chhattisgarh, Rajasthan, National Capital Region, Tamil Nadu, Karnataka, Uttar Pradesh and Punjab.
DMart is promoted by Avenue Supermarts Ltd.
(ASL). The company has its headquarters in Mumbai.
After the IPO listing (as Avenue Supermarts Ltd.), it made a record opening on the market on the National Stock Exchange.
D-Mart IPO Opens Today
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. This is 33rd rank for all listed companies in Bombay Stock Exchange.