Professional Documents
Culture Documents
Future Group
Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, is
one of India’s leading business houses with multiple businesses spanning
across the consumption space. While retail forms the core business
activity of Future Group, group subsidiaries are present in consumer
finance, capital, insurance, leisure and entertainment, brand
development, retail real estate development, retail media and logistics.
Led by its flagship enterprise, Pantaloon Retail, the group operates over
16 million square feet of retail space in 73 cities and towns and 65 rural
locations across India. Headquartered in Mumbai (Bombay), Pantaloon
Retail employs around 30,000 people and is listed on the Indian stock
exchanges. The company follows a multi-format retail strategy that
captures almost the entire consumption basket of Indian customers. In
the lifestyle segment, the group operates Pantaloons, a fashion retail
chain and Central, a chain of seamless malls. In the value segment, its
marquee brand, Big Bazaar is a hypermarket format that combines the
look, touch and feel of Indian bazaars with the choice and convenience of
modern retail.
Corporate statement
“Future” – the word which signifies optimism, growth, achievement, strength, beauty, rewards and
perfection. Future encourages us to explore areas yet unexplored, write rules yet unwritten; create new
opportunities and new successes. To strive for a glorious future brings to us our strength, our ability to
learn, unlearn and re-learn, our ability to evolve.
We, in Future Group, will not wait for the Future to unfold itself but create future scenarios in the
consumer space and facilitate consumption because consumption is development. Thereby, we will effect
socio-economic development for our customers, employees, shareholders, associates and partners.
Our customers will not just get what they need, but also get them where, how and when they need.
We will not just post satisfactory results, we will write success stories.
We will not just operate efficiently in the Indian economy, we will evolve it.
We will not just spot trends, we will set trends by marrying our understanding of the Indian consumer to
their needs of tomorrow.
It is this understanding that has helped us succeed. And it is this that will help us succeed in the Future. We
shall keep relearning. And in this process, do just one thing.
Group Vision
Future Group shall deliver Everything, Everywhere, Everytime for Every Indian Consumer in the most
profitable manner.
Group Mission
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 ensure that our positive attitude, sincerity, humility and united determination shall be the driving
force to make us successful.
Core Values
• Respect & Humility: to respect every individual and be humble in our conduct.
• Simplicity & Positivity: Simplicity and positivity in our thought, business and action.
Company timeline
Major Milestones
1987 Company incorporated as Manz Wear Private Limited. Launch of Pantaloons trouser, India’s
first formal trouser brand.
1991 Launch of BARE, the Indian jeans brand.
1992 Initial public offer (IPO) was made in the month of May.
1994 The Pantaloon Shoppe – exclusive menswear store in franchisee format launched across the
nation. The company starts the distribution of branded garments through multi-brand retail
outlets across the nation.
1995 John Miller – Formal shirt brand launched.
1997 Company enters modern retail with the launch of the first 8000 square feet store, Pantaloons in
Kolkata.
2001 Three Big Bazaar stores launched within a span of 22 days in Kolkata, Bangalore and
Hyderabad.
2002 Food Bazaar, the supermarket chain is launched.
2004 Central - India’s 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 India’s first real estate investment fund Kshitij to build a chain of shopping malls.
2006 Future Capital Holdings, the company’s 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.
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.
Big Bazaar crosses the 100-store mark, marking one of the fastest ever expansion of a
hypermarket format anywhere in the world.
Future Group acquires rural retail chain, Aadhar present in 65 rural locations.
Board of director
Gopikishan Biyani, is a commerce graduate and has more than twenty years of experience in the textile
business.
Mr. Rakesh Biyani, Wholetime Director
Rakesh Biyani, is a commerce graduate and has been actively involved in category management; retail
stores operations, IT and exports. He has been instrumental in the implementation of the various new
retail formats.
Shri Shailesh Haribhakti, is a Chartered Accountant, Cost Accountant, and a Certified Internal Auditor. He
is the Deputy Managing Partner of Haribhakti & Co., Chartered Accountants and past president of Indian
merchant Chambers. He is on the Board of several Public Limited Companies, including Indian
Petrochemicals Corporation Ltd., Ambuja Cement Eastern Ltd. etc. He is on the Board of Company since
June 1, 1999.
S. Doreswamy, is a former Chairman and Managing Director of Central Bank of India and serves on the
board of DSP Merrill Lynch Trustee Co and Ceat Limited among others.
Anil Harish, is the partner of DM Harish & Co. Associates & Solicitors and an LLM from University of Miami.
He also serves on the board of Mahindra Gesco, Unitech, IndusInd Bank and Hinduja TMT, among others.
Affliation company
2009
CNBC Awaaz Consumer Awards 2009
• Most Preferred Multi Brand Food & Beverage Chain - Big Bazaar
Future Group was awarded the Most Admired Retail Company of the year by
the Indian Retail Forum at a glittering ceremony organised in Mumbai. Mr
Kishore Biyani also won Retail Face of the Year.
Big Bazaar, the value format of Future Group bagged the Best Retailer Of
The Year ( Hypermarket).
Food Bazaar bagged the INDIASTAR Award for Best Packaging Innovation in
India, for its private label brand Fresh And Pure Chakki Atta.
With this award, Pantaloon Retail (India) Limited becomes the first Indian
Retailer to win the prestigious INDIASTAR Award.
Retail Asia Publishing Pte, the institutor of these awards, aims to set a
platform that appraise, raises and recognizes the development and growth
of retailing throughout the Asia Pacific region.
• Most Admired Food & Grocery Retail Visionary of the Year: Kishore
Biyani
• Most Admired Food & Grocery Retailer of the Year - Hypermarkets: Big
Bazaar
The Coca-Cola Golden Spoon Awards 2008, were given away for the first
time as a culmination of the ‘Food Forum India 2008’ – a two day
convention, which saw the participation of leading brands, retailers & retail
support organizations from across the globe. The awards were presented to
honour enterprise, innovation and achievement in the food retailing business
as a benchmark of excellence.
The Reid & Taylor Awards for Retail Excellence are an important feature of
the Asia Retail Congress, Asia’s single most important global platform to
promote world-class retail practices. These awards are aimed at honouring
the best, in the Asian Retail scenario. India played host to Asia Retail
Congress 2008.
2007
Images Retail Awards
Most admired retailer of the year: Large format, multi product store: Big
Bazaar
Most admired retailer of the year: Food and Grocery: Food Bazaar
Most admired retailer of the year: Home & office improvement: HomeTown
Most admired Retail Company of the year: Pantaloon Retail (India) Ltd.
2006
Retail Asia Pacific Top 500 Awards
Asia Pacific Best of the Best Retailers – Pantaloon Retail (India) Ltd
Best Retailer in India – Pantaloon Retail (India) Ltd
Asiamoney Awards
Best Managed Company in India (Mid-cap) – Pantaloon retail (India) Ltd.
DAKS London
2004
Images Retail Awards 2004
2003
Indian Express Award
Pantaloon Retail is not just an organisation - it is an institution, a centre of learning & development. We
believe that knowledge is the only weapon at our disposal and our quest for it is focused, systematic and
unwavering.
At Pantaloon Retail, we take pride in challenging conventions and thinking out of the box, in travelling on
the road less traveled. Our corporate doctrine ‘Rewrite Rules, Retain Values’ is derived from this spirit.
Over the years, the company has accelerated growth through its ability to lead change. A number of its
pioneering concepts have now emerged as industry standards. For instance, the company integrated
backwards into garment manufacturing even as it expanded its retail presence at the front end, well
before any other Indian retail company attempted this. It was the first to introduce the concept of the
retail departmental store for the entire family through Pantaloons in 1997. The company was the first to
launch a hypermarket in India with Big Bazaar, a large discount store that it commissioned in Kolkata in
October 2001. And the company introduced the country to the Food Bazaar, a unique 'bazaar' within a
hypermarket, which was launched in July 2002 in Mumbai. Embracing our leadership value, the company
launched aLL in July 2005 in Mumbai, making us the first retailer in India to open a fashion store for plus
size men and women.
Today we are the fastest growing retail company in India. The number of stores is going to increase
many folds year on year along with the new formats coming up.
The way we work is distinctly "Pantaloon". Our courage to dream and to turn our dreams into reality -
that change people’s lives, is our biggest advantage. Pantaloon is an invitation to join a place where
there are no boundaries to what you can achieve. It means never having to stop asking questions; it
means never having to stop raising the bar. It is an opportunity to take risks, and it is this passion that
makes our dreams a reality.
Come enter a world where we promise you good days and bad days, but never a dull moment!
Our culture
assion for Retail is why we are here.
At Pantaloon Retail, Empowerment is what you acquire and Freedom at Work is what you get. We believe
our most valuable assets are our People. Young in spirit, adventurous in action, with an average age of
27 years, our skilled & qualified professionals work in an environment where change is the only constant.
Powered by the desire to create path-breaking practices and held together by values, work in this people
intensive industry is driven by softer issues. In our world, making a difference to Customers’ lives is a
Passion and performance is the key that makes it possible. Out of the Box thinking has become a way of
life at Pantaloon Retail Retail and living with the change, a habit.
Leadership is a value that is followed by one and all at Pantaloon Retail. Leadership is the quality that
motivates us to never stop learning, stretching to reach the next challenge, knowing that we will be
rewarded along the way. In the quest of creating an Indian model of retailing, Pantaloon Retail has taken
initiatives to launch many retail formats that have come to serve as a benchmark in the industry.
Believing in leadership has given us the optimism to change and be successful at it. We do not predict
the future, but create it.
At Pantaloon Retail you will get an opportunity to handle multiple responsibilities, and therein, the
grooming to play a larger role in the future. Work is a unique mix of preserving our core Indian values
and yet providing customers with a service, on par with international standards.
At Pantaloon you will work with some of the brightest people from different spheres of industry. We
believe it’s a place where you can live your dreams and pursue a career that reflects your skills and
passions.
Sponsors
PFMI 2010
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