| The Company was incorporated as Avenue Supermarts Private Limited on May 12, 2000, at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956. Subsequently, the name of the Company was changed to Avenue Supermarts Limited due to conversion from a private company to a public company pursuant to a special resolution passed by the Shareholders at an extraordinary general meeting held on February 1, 2011. Pursuant to the aforesaid change of name, a fresh certificate of incorporation was issued to the Company by the RoC on May 3, 2011. As of the date of this Red Herring Prospectus, the Company has 2,176 Shareholders.
Major events and milestones in relation to the Company
The table below sets forth the key events in the history of the Company:
2001
-The Company was incorporated as Avenue Supermarts Private Limited
2003
-The Company opened its first store in Powai, Mumbai
2005
-The Company entered into a scheme of amalgamation for transfer of undertakings of Koop Consumer Services Private Limited, Amodini Real Estates Private Limited and Shoppers Delight Private Limited to the Company.
2007
-The Company opened its first store in Gujarat
2010
-The store count of the Company crossed 25 stores and the audited consolidated revenues exceeded Rs.10,000 million
2011
-The Company opened stores in Andhra Pradesh and Karnataka
2012
-The Company was converted from a private company to a public company and the name of the Company changed to Avenue Supermarts Limited
-The store count of the Company crossed 50 stores
2014
-The store count of the Company increased to 75 stores
2015
-The Company opened stores in Madhya Pradesh and Chhattisgarh. The audited consolidated revenues of the Company exceeded Rs. 50,000 million
2016
-The Company opened 21 stores, highest in any financial year. The store count of the Company increased to 110 and the consolidated revenues exceeded Rs. 75,000 million
2017
-The Company opened stores in the National Capital Region, Rajasthan and Daman
2018
-Avenue Supermarts - Incorporation Of A Wholly-Owned Subsidiary Named Reflect Wholesale And Retail Pvt. Ltd.
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