Company’s Profile Founded by Mr.Kishore Biyani Incorporated in 1987 Head quarters in Mumbai Employees over 30,000 people Has over 1000 stores in 61 cities of india Net income – Rs.9.6018 billion(US$140 million)as of March 2014-15
About Future Group Future Group is an Indian private conglomerate company. The company is known for having a significant prominence in India retail and faishon sectors , with popular supermarket chains like Big bazaar & food bazaar ,lifestyle stores like Brand factory,Central etc. and also for having notable presence in integrated foods and FMCG manufacturing sectors.
How did it grow …. 1987 Company incorporated as Manz Wear Private Limited. Launch of Pantaloons trouser, India’s first formal trouser brand. 1992 Initial public offer (IPO) was made in the month of May. 1994 Future Group India was established with a vision to provide diverse services in Indian and Global markets. 1997 Pantaloons – India’s family store launched in Kolkata. 2001 Big Bazaar , ‘ Is se sasta aur accha kahi nahin ’ - India’s first hypermarket chain launched in Jogeshwari,Mumbai. 2002 Food Bazaar , the supermarket chain is launched. 2007 Future Group crosses $1 billion turnover mark.
Companies Pantaloon Retail (India) Ltd. Future Brands Ltd. Future Media (India) Ltd. Future Logistics Solutions Ltd. Convergem Communications (India) Ltd. Pantaloon Food Product(India) Ltd. Future Knowledge Services Ltd. Future Capital Holdings Ltd. Future Generali India Insurance Company Ltd. Future Generali India Life Future bazaar India Ltd. Weavette Textiles Ltd. Staples Future Office Products Pvt. Ltd. Pan India food solutions pvt.Ltd . Talwalkars Pantaloon Fitness Pvt.Ltd . Indus League Clothing Etam Future Fashions Ltd. Galaxy Entertainment Corporations Ltd. Future venture India Ltd. Food Mart retail
About Kishore Biyani King of India’s Retail Graduated in commerce from HR college ,Mumbai Belongs to business family(cloth trading) From manufacturing to retail Retailer by Karma but nationalist by Dharma
Brands under Future Group
Mission We will be the trendsetters in evolving delivery formats . Make consumption affordable for all customer segments – for classes and for masses. 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.
Vision The main vision of future group is “ Sone Ki Chidiya ”. Which means the “The Golden Bird.” Future Group’s vision is to, “deliver Everything, Everywhere, Everytime to Every Indian Consumer in the most profitable manner.” The group considers ‘Indian-ness’ as a core value and its corporate credo is - Rewrite rules, Retain values.
Founder’s Board Kishore Biyani Group CEO Anil Biyani Director Rakesh Biyani Director Sunil Biyani Director Vijay Biyani Director
Organisation Structure
Impact of Environment
Pantaloons Pantaloons India is one of the leading retailer stores of India, which operates numerous formats of retail both in the lifestyle and value segment of the consumer market in India. Pantaloon India is the subsidiary company of the Future Group, which is considered as a business venture.
E-Zone E-zone Was Established In 2005 Keeping The Competences And Ethics Of India. Part Of Home Solution Retail(India ) Ltd . E-zone Has 28 Stand Alone And 12 Shop-in-shop Outlet Across India. E-zone Is Not Only About Show Casing The Electronics Product And Gadgets But Providing A Complete Shopping Experience Through “Touch And Feel”.
Big Bazaar Big Bazaar was introduced in 2001 with its first store in Kolkata. Big Bazaar is a chain of hypermarkets in India, with more than 100 stores in various place like Bengaluru/ Hyderabad etc.
Promotion Strategy Saal ke sabse saste 3 din Future card(3% discount) Advertising(Print Ads,TV Ads,Radio ) Brand Endorsement by M.S.Dhoni Point-of-purchase Promotions Wednesday Bazaar
Central It is based on the concept of “ One Stop Shop”. It is a showcase, seamless mall and the first of its kind in India. Launched in May 2004 at Bengaluru . Offers everything for the urban aspirational shopper to shop, eat and celebrate. Ensure the best brands in the Indian market are made available to the Indian customer.
Suggestions Need to focus more on CRM and improve in store assistance Invest in supply chain infrastructure More brands should be included Exchange offers should be made clear as customers are not clear of how to use them Aggressive expansion plan to open in tire II cities