Ignatius Neville Noronha stands as India’s most affluent professional CEO, boasting a net worth of Rs 7,500 crore, according to the latest IIFL Wealth Hurun India Rich List (2022). He is renowned for his instrumental role in the groundbreaking supermarket chain, DMart.
Noronha has garnered recognition for establishing new benchmarks in the FMCG sector. His visionary mindset and strategic thinking have earned him the reputation of being one of the foremost CEOs.
Noronha is widely acknowledged as a modest and diligent business leader. It is reported that his salary amounts to Rs 4.5 crore, and the majority of his wealth is derived from the significant stake he has accumulated in the listed company over the years.
A science and management graduate from SIES College of Arts, Science and Commerce and Narsee Monjee Institute of Management Studies (NMIMS), Noronha’s talent was spotted by ace investor Damani, founder of DMart, when the executive was working for legacy FMCG giant Hindustan Unilever. He joined D-Mart in 2004 as the head of the business. He shares a connection with coastal Karnataka and is fluent in the Konkani language. (Collected from the public domain)
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