DMart’s Noronha wealthiest CEO in India
With more than Rs 3,100 crore of net worth, Ignatius Navil Noronha, CEO of Avenue Supermarts that runs D-Mart stores, has emerged as the richest professional in the country.
Who is India’s richest non-promoter professional? He is neither a tech whizkid, nor a new-age banker. And neither is he an alumnus of the mighty IIT+IIM combo. Instead, he is in a line of business that’s as traditional as it gets – groceries, largely.
With more than Rs 3,100 crore of net worth, Ignatius Navil Noronha, CEO of Avenue Supermarts that runs D-Mart stores, has emerged as the richest professional in the country. His boss Radhakishan Damani, the reclusive founder of Avenue Supermarts, is now India’s second richest person, with a net worth of $17.8 billion, next only to Mukesh Ambani. Ramakant Baheti, CFO of DMart with shares worth Rs 666 crore, is now India’s third-richest on the list of top professionals. Of course, the net-worth stats are purely based on the stock they own in the companies they lead, and these calculations don’t include salary and other compensation elements.
With more than Rs 3,100 crore of net worth, Ignatius Navil Noronha, CEO of Avenue Supermarts that runs D-Mart stores, has emerged as the richest professional in the country.
Who is India’s richest non-promoter professional? He is neither a tech whizkid, nor a new-age banker. And neither is he an alumnus of the mighty IIT+IIM combo. Instead, he is in a line of business that’s as traditional as it gets – groceries, largely.
With more than Rs 3,100 crore of net worth, Ignatius Navil Noronha, CEO of Avenue Supermarts that runs D-Mart stores, has emerged as the richest professional in the country. His boss Radhakishan Damani, the reclusive founder of Avenue Supermarts, is now India’s second richest person, with a net worth of $17.8 billion, next only to Mukesh Ambani. Ramakant Baheti, CFO of DMart with shares worth Rs 666 crore, is now India’s third-richest on the list of top professionals. Of course, the net-worth stats are purely based on the stock they own in the companies they lead, and these calculations don’t include salary and other compensation elements.
No comments:
Post a Comment