Net worth of Rs 6500 cr, living in a Rs 70 cr house, this Indian earned it all from a ' Day Job'!
Produced by: Tarun Mishra Designed by: Muskan Arora
Introduction to Ignatius Navil Noronha
Ignatius Navil Noronha, the CEO of DMart, stands out among India's wealthy individuals for his leadership and strategic prowess, despite not being a company founder.
Modest Leadership at DMart
Despite his significant wealth, Navil Noronha maintains a low profile and is known for his humility, with a smaller office space compared to other CEOs.
Academic Background and Career Journey
Navil Noronha holds degrees from SIES College and NMIMS. His career at DMart began in his twenties, under the mentorship of renowned investor Radhakishan Damani.
Experience at Hindustan Unilever
Before joining DMart, Navil Noronha gained valuable experience at Hindustan Unilever as a sales executive, contributing insights to DMart's growth.
Contributions as CEO of DMart
As CEO of DMart, Navil Noronha is credited with pioneering strategies that have reshaped the FMCG sector, including the innovative 48-hour supplier policy.
Notable Investments and Net Worth
Despite shying away from media attention, Navil Noronha made headlines for investing in a luxurious Mumbai apartment worth Rs 70 crore, contributing to his estimated net worth of Rs 6500 crore.
Stake in Avenue Supermarts Limited
Reports indicate that Navil Noronha holds a 2 per cent stake in Avenue Supermarts Limited, further solidifying his position as one of India's richest CEOs.
Financial Success and Salary
With a remarkable rise in the company's stocks and a reported salary of over Rs 4.5 crore in FY 2021-22, Navil Noronha's financial success underscores his influential role in the business world.