Neville Noronha: The low-profile chief executive officer

'We want to keep things simple,' are words often used by Noronha

Raghavendra Kamath  |  Mumbai 

Like his boss, the reclusive stock market investor Radhakishan Damani, Ignatius Neville Noronha, managing director of Avenue Supermarts, which runs the retail chain D-Mart, shies away from the media. "We want to keep things simple and are not in a hurry to open stores," is a sentence often used by Noronha about the company's performance. But an opening rally made the Avenue stock list at twice the upper band of its IPO price and made Noronha richer by Rs 900 crore by virtue of his holding 13.7 million shares of the company. This spurt in wealth is ...

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Neville Noronha: The low-profile chief executive officer

'We want to keep things simple,' are words often used by Noronha

'We want to keep things simple,' are words often used by Noronha Like his boss, the reclusive stock market investor Radhakishan Damani, Ignatius Neville Noronha, managing director of Avenue Supermarts, which runs the retail chain D-Mart, shies away from the media. "We want to keep things simple and are not in a hurry to open stores," is a sentence often used by Noronha about the company's performance. But an opening rally made the Avenue stock list at twice the upper band of its IPO price and made Noronha richer by Rs 900 crore by virtue of his holding 13.7 million shares of the company. This spurt in wealth is ... image
Business Standard
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