Mr. Kishore Biyani founded Pantaloons in 1987 which was later renamed Future Retail. Future Retail operates various retail formats including Big Bazaar, Food Bazaar and owns brands across consumer products, lifestyle and fashion. It has a presence in over 400 cities with 1500 stores and 16 million square feet of retail space. In 2020, Reliance Industries acquired Future Retail's retail, wholesale and supply chain business for Rs. 27,513 crores.
2. Establishment Details
Founder: Mr. Kishore Biyani
Name : Manz Wear Private
oooooo Ltd. Pantaloons
Business: Stone washed
oooooooDenim trousers
1987
Renamed as Pantaloons
Fashion India Ltd(1991) and
launched its first modern retail
store in Kolkata
1997
Pantaloons Retail launched 3
Big Bazar stores within 22 days
in Kolkata, Banglore and
Hyderabad
2001
Food Bazar the supermarket
chain is launched and in 2003
BB entered in Tier 2 cities like
Nagpur
2002
Future Value Retail Limited is
formed to spearhead the
group's value retail business
through Big Bazaar, Food
Bazaar and other formats
2010
3. About the Organization
FUTURE GENRALI
FUTURE LIFESTYLE
FUTURE CONSUMER
FUTURE STYLE LAB
FUTURE RETAIL
FUTURE SUPPLY CHAIN
FUTURE ENTERPRISES
FUTURE IDEAS
FUTURE SHARP SKILLS
Brands Under Umbrella
- India based , multi-brand retail trade, household and consumer products
- 400 cities,1500 stores,16 million square feet of retail space
- 20 compact hypermarket store - Bigbazaar
- 210 supermarket – food bazar & Online stores
- Total income of Rs 20,185.37 Crore (US$ 2.89 billion) in FY19 and Rs 15,717.09 crore (US$
2.25 billion) in 9MFY20
4. Manifesto
Vision : Rewrite Rules. Retain Values
• We share the vision and belief that our customers and stakeholders shall be served only by creating and executing future scenarios in the consumption
space leading to economic development.
• We will be the trendsetters in evolving delivery formats, creating retail realty, making consumption affordable for all customer segments – for classes
and for masses.
• We shall infuse Indian brands with confidence and renewed ambition.
• We shall be efficient, cost- conscious and committed to quality in whatever we do.
• We shall ensure that our positive attitude, sincerity, humility and united determination shall be the driving force to make us successful.
Mission
• Indianness: Believing in the Indian way and in oneself
• Leadership: In thought and in business
• Respect & Humility: In dealing with everyone within & outside the organization
• Introspection: For continuous learning, self-development and personal excellence
• Openness & Adaptability: Open to new ideas, knowledge and proactive in meeting challenges emerging from changing business scenarios
• Valuing and Nurturing Relationships: With customers, business associates, stakeholders, communities and society
• Simplicity & Positivity: To foster innovation, speed and imagination
• Flow: Learn and be inspired from the universal laws of nature
Values
5. Organizational Details
Mr. Kishore Biyani |Executive Chairman
Mr. Rakesh Biyani |Managing Director
Ms. Gagan Singh |Independent Director
Mr. Ravindra Dhariwal |Independent Director
Mr. Shailendra Bhandari|Independent Director
Ms. Sridevi Badiga |Independent Director
Mr. Rahul Garg |Non Executive Director
Leadership
1. Focuses on the hypermarket, supermarket and
home solutions segment
2.Registered customer footfall of 50 million across
India as of March 31 2019
3.Integrates Indian and global brands and stores to a
common platform .
4.Multi-format retail strategy caters to various
consumption needs.
5.Has its own supply chain
6.Affordable prices, shopping experience ,product
quality ,discounts – USP
7.Various customer loyalty programs
Key Highlights
6. CSR Initiatives & Marketing Campaigns
- Inclusive environment for specially abled persons
- Partner with leading social organizations to undertake initiatives to
provide access to basic needs and clothing, combat hunger and
malnutrition, especially among children growing up in less privileged
environments
- Promoting skill training and engaging with communities in and around
warehouses and manufacturing locations.
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7. RIL – Future Group deal
• Future Group Debt burden
• On 29 August RIL announced to acquire future group’s retail, wholesale,
warehouse and Supply chain.
• Now owned by Reliance Industries Ltd
27,513 Cr
2800 Cr
24,713 Cr
12,778 Cr: to clear future group’s Debt
1200 Cr for shares in FEL
7000 Cr : for other liabilities
6000-7000 Cr to promoters of future
400 Cr for pref. equity warrants
1200 Cr investment in FEL
Reliance Retail Ventures Ltd
Reliance Retail Fashion & Lifestyle Ltd
Reliance Industries Ltd