Navil Noronha: Meet Navil Noronha, one of the country’s richest CEOs, the house is worth ₹ 70 crores in Mumbai, know how much salary
Navil Noronha’s net worth is more than one billion dollars.
Noronha earned a salary of over ₹4.5 crore in FY22
Noronha has also worked in Hindustan Unilever
Mumbai. Ignatius Navil Noronha, chief executive officer of retail store operator DMart, may not be one of the highest-paid CEOs in India, but he is certainly one of the richest professional managers in the country. are one. His net worth is more than one billion dollars.
Owner and veteran investor Radhakishan Damani of Avenue Supermarts Ltd, which runs DMart, has given Noronha the responsibility of CEO in the company. With Noronha as CEO, Avenue Supermarts stands out among its competitors by being profitable for the last 5 years. Despite being very rich, he remains low-profile and is known as a humble CEO in the industry. In October 2021, Noronha joined the club of billionaire CEOs.
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Have also worked in Hindustan Unilever
Prior to joining DMart, Noronha was working at Hindustan Unilever as a sales executive in the areas of market research and modern trade. Noronha has about 2 per cent stake in Avenue Supermarkets. According to media reports, Noronha earned a salary of more than Rs 4.5 crore in the financial year 2021-22. He took over the responsibility of CEO of DMart in the year 2004.
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The house was bought for 70 crores
Noronha bought a house worth Rs 70 crore in Mumbai last year. He had booked two units for himself in Bandra East with a parking space of 10 cars. This property is in 9,552 sq.ft. Reportedly, he paid Rs 66 crore and stamp duty of Rs 3.30 crore for it. This property was bought jointly by Noronha and his wife Kajal Noronha.
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FIRST PUBLISHED : March 26, 2023, 07:55 IST