Avenue Supermarts Announces Key Management Changes, Reappoints Director and Appoints Chief Operating Officer
Avenue Supermarts Limited has announced significant changes in its senior management structure following a Board meeting held on July 11, 2026. The board approved several key appointments and role transitions intended to strengthen the company's operational leadership.The updates include the re-appointment of Mr. Bhaskaran N as a Whole-time Director, along with the appointment of Mr. Lalit Ahuja as Chief Operating Officer. Additionally, Mr. Parvez Vandrewala’s designation has been modified in line with the company's evolving structure.
Re-appointment and Profile of Mr. Bhaskaran N
Mr. Bhaskaran N has been re-appointed as a Whole-time Director and Chief Operating Officer of Avenue Supermarts Limited. His appointment is scheduled for a term beginning October 17, 2026, and ending May 31, 2028.Mr. Bhaskaran N brings over 32 years of experience across corporate secretarial functions, operations, supply chain management, and human resource management. Prior to joining the company in 2008 as Vice President - HR, he gained experience with TCL India Holdings Private Limited and Birla Sun Life Distribution Company Limited. He joined Avenue Supermarts and initially focused on building the staples business and developing the supply chain function, and currently manages retail operations within the company.
Details regarding Mr. Bhaskaran N’s re-appointment:
| Particulars | Details |
|---|---|
| Reason for change | Re-appointment as Whole-time Director and Chief Operating Officer. |
| Term of appointment | October 17, 2026, to May 31, 2028. |
| Profile highlights | Holds a post-graduation in Human Resource Management from XLRI-Xavier School of Management, Jamshedpur, and has extensive experience in operations and supply chain management. |
Appointment of Chief Operating Officer Mr. Lalit Ahuja
The company announced the appointment of Mr. Lalit Ahuja as Chief Operating Officer and Senior Management Personnel, effective July 13, 2026.Mr. Lalit Ahuja holds a Bachelor of Science degree in Electronics from Delhi University and is an alumnus of IIM Bangalore. He possesses 28 years of extensive experience across various prominent companies, including Philips India, General Mills, Dabur, Godrej Consumer Products, Mars, and Apple. Previously, he spent over a decade at Zydus Wellness where he served as Senior Vice President (Sales) and Business Head for the Sub-Continent.
Details regarding Mr. Lalit Ahuja’s appointment:
| Particulars | Details |
|---|---|
| Reason for change | Appointment as Chief Operating Officer, Senior Management Personnel. |
| Date of appointment | July 13, 2026. |
| Profile highlights | Extensive experience (28 years) from companies such as Philips India and Mars. |
Change in Role for Mr. Parvez Vandrewala
Mr. Parvez Vandrewala will transition roles from Chief Operating Officer to Head - Centre of Excellence effective November 1, 2026. He will continue his tenure as Senior Managerial Personnel within the company following this change in designation and role.DMART Stock Price Movement
Avenue Supermarts Limited shares slipped on Friday, settling at ₹4075 after shedding 0.11% from the previous session's close. The stock traded a volume of 752,660 shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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