Future Group

Type Industry Founder(s)

Public (BSE) Conglomerate Mr. Kishore Biyani., (MD & CEO) Discount Stores Supercenters 35,000 [1] FutureGroup.in

Headquarters Mumbai, Maharashtra, India Products Employees Website

Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, operates some of Indias most popular retail formats that include Pantaloons, Big Bazaar, Central, Home Town, Ezone and Food Bazaar. While retail forms the core business activity of Future Group, the group has developed significant presence in consumer finance, capital, insurance, brand development, retail media and logistics. The groups retail formats bring in around 250 million customer footfalls every year and provide a platform for over 30,000 small, medium and large entrepreneurs in India to sell their products and services to these customers. The group has a retail presence in 85 cities and 65 rural destinations and employs over 35,000 people directly. The groups flagship enterprise, Pantaloon Retail India Limited was founded in 1987 and is listed in the Bombay Stock Exchange and National Stock Exchange since 1991. The company along with its subsidiaries operates around 16,000,000 square feet (1,500,000 m2) of retail space in the country. Other group companies include, Future Capital Holdings, a financial services company, Future Ventures, engaged in operating and investing in allied businesses, Future Supply Chain Limited which operates a nation-wide logistics and warehousing network, Future Brands India Limited, a brand and intellectual property rights development corporation and Future Human Development Limited, an educational and manpower training company with campuses in Ahmedabad, Bangalore and Kolkata that offers degree programs in association with IGNOU. Over the years, the group has also developed successful partnerships with Indian and foreign companies. The group has partnered with Tata Group to operate the brand T24 as a telecom service provider for its customers. It also operates rural retail chain in partnership with Godrej Group. Some of the include joint ventures includes ones with Generali, an Italy-based insurance major which is among the three largest insurers in the Europe, Staples Inc, the largest office stationery retailer in the world and French fashion brand, Celio. The group also has exclusive

brand license partnerships with leading global brands like Lee Cooper, Converse, Callaway, Prince, Spalding and Wilson. Future Group believes in developing strong insights on Indian consumers and building businesses based on Indian ideas, as espoused in the groups core value of Indianness. The groups corporate credo is, Rewrite rules, Retain values.

Future Group Timeline

1987: Company incorporated as Manz Wear Private Limited. Launch of Pantaloons trouser, among Indias first formal trouser brand. 1991: Launch of BARE, the Indian jeans brand. 1994: The Pantaloon Shoppe a franchisee network is set up as an exclusive menswear chain. 1995: John Miller formal shirt brand is launched. 1997: Company enters modern retail with the launch of Pantaloons. 2001: Big Bazaar, Indias first hypermarket chain, launched in Kolkata 2002: Food Bazaar, the supermarket chain is launched. 2004: Central Indias first seamless mall -- is launched in Bangalore. 2005: Group moves beyond retail, acquires stakes in Galaxy Entertainment, Indus League Clothing and Planet Retail. Sets up Indias first real estate investment fund Kshitij to build a chain of shopping malls 2006: Future Capital Holdings, the companys financial is formed to manage over $1.5 billion in real estate, private equity and retail infrastructure funds. Plans forays into retailing of consumer finance products. Home Town, a home building and improvement products retail chain is launched along with consumer durables format, Ezone and furniture chain, Furniture Bazaar. Future Group enters into joint venture agreements to launch insurance products with Italian insurance major, Generali Forms joint venture with US office stationery retailer, Staples 2007: Future Group crosses $1 billion turnover mark Specialised companies in retail media, logistics, IPR and brand development and retail-led technology services become operational. Pantaloon Retail wins the International Retailer of the Year at US-based National Retail Federation convention in New York and Emerging Retailer of the Year award at the World Retail Congress held in Barcelona. Futurebazaar.com becomes Indias most popular shopping portal. 2008: Future Capital Holdings becomes the second group company to make a successful Initial Public Offering in the Indian capital markets.[2] Future Generali launches life and non-life

insurance products for the Indian market Big Bazaar crosses the 100-store mark, marking the fastest ever expansion of a hypermarket format anywhere in the world. Total operational retail space crosses 10,000,000 square feet (930,000 m2) mark. Future Group acquires rural retail chain, Aadhar present in 65 rural locations.