May 6, 2020   |   by admin

This story is part of Forbes’ reporting on India’s Richest See full coverage here. India’s retail king Kishore Biyani re-enters the list. Retailing pioneer Kishore Biyani is the founder and group CEO of the $ billion (revenue) retail giant Future Group. The group includes hypermarket chain Big. Kishore Biyani is Chairman/CEO at Future Group. See Kishore Biyani’s compensation, career history, education, & memberships.

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There were postponements in planned expansion and downsizing in some areas. He was, however, facing a threat from the much larger resources of conglomerates such as Aditya Birla Group and Reliance Industriesboth of whom had signalled an intention to hlstory into the retail sector. And just like Kishore had mentioned in his book: From Wikipedia, the free encyclopedia. Stocks in the news: And that turned out to be a logistical nightmare.

Today, the Future Group has more than 70 Million sqft of retail space in 90 cities and 60 rural locations, and is lishore in plans to add in more 9 Million sqft in the years to come.

This page was last edited histoey 8 Octoberat Led by its flagship enterprise Pantaloon Retail, today operates around 16 million square feet of retail space in over 85 cities and towns and 65 rural locations across India.

Books that moved business leaders and entrepreneurs in 29 Dec, It had said the acquisition would boost its e-commerce enablement capabilities and expand the p The business, which supplied a few retail outlet, adopted the brand name of Pantaloon and soon expanded into retail itself using a franchise model. But the major fall came when the economic downturn hit the company really bad.

Inspiring Success Story of Kishore Biyani – Founder and CEO of the Future Group

Future Group has acquired e-commerce firms such as Koovs and FabFurrnish and has been rolling out initiatives to divert online consumers to stores. Coming from a family of businessmen or should we say that business literally flowing in his blood and bloodline, starting from his grandfather; Kishore was never really keen about studies and merely pushed himself towards graduation.


RISE In a short span he reached to the peak of demand from the market and sold more than 30, to 40, metres of the material each month. Hence, in Augustthe first Pantaloons department store opened for public. He appointed a cousin, Rakesh Biyanimore methodical and patient than himself, to take over his responsibility for the retail business and in particular to resolve issues with the poor supply chain and internal distribution logistics that had resulted from rapid expansion.

CSR Compendium Hsitory lives of many. He has admitted since that this expansion across the country created logistical problems for the company, especially with regard to managerial oversight of its franchisees. Turnover in was 47 billion rupees.

National Entrepreneurship Awards hlstory FALL Now as much as things were going great and success seemed to be touching his feet, the company took a bad hit. Living people Businesspeople from Mumbai.

Kishore Biyani

Another venture, Future Fresh is into the supply of fruits and vegetables and is sourcing from across the world, from New Zealand to Canada. Retrieved from ” https: Biyani, who has admitted to making “whimsical decisions”, had ignored the prevailing opinion historh modelling retail businesses on those in the West and had instead concentrated on concepts that were familiar to India. It was around this time, in Novemberthat he married Sangita Rathi and also made his first venture into business on his own account, commissioning the manufacture of some fashionable fabric for sale to garment manufacturers.

Kishore Biyani has received several awards some of which include: The idea is to give consistency and quality in fruits and vegetables in the long run coupled with world class technology and processes. Now as much as things were going great and success seemed to be touching his feet, the company took a bad hit.

Soon after that; Kishore began working on his next big project — Big Bazaar, a hypermarket with a dose of chaos stores that were crowded, noisy and a bit messy on purpose. Cyan Default Red Orange. He has said that “I spent the better part of the day outside college with friends, wandering around new places and understanding and interpreting the real world.


How did he begin?

Their executive staff found it impossible to visit each of their stores to monitor the quality of service, which weakened some of the older shops and on the other end, the franchisees who worked on a commission basis, focused more on immediate profits rather than customer service.

By using this site, you agree to the Terms of Use and Privacy Policy. Jeff Bezos’ retail deal may have a buyout clause for Kishore Histlry 27 Nov, It was so drastic that Pantaloon had to postpone the opening of hjstory many as 30 of their stores. Kishore Biyani, Bhavish Aggarwal to brainstorm on funding challenges, hkstory battles 24 Aug, Hence, to fix the mess, Kishore began exploring the idea of transforming Pantaloon into large-format retail stores of his own in and that is when he stumbled upon a 10, sq ft property in Kolkata.

His elder daughter Ashni is a director of Future Ideas, Group’s innovation and incubation cell and younger daughter Avni Biyani is Concept Head of a premium food destination, Foodhall. Growing up in the Malabar Hill area of Mumbai, Biyani attended the city’s HR College but thought little of his studies, preferring instead to rely on a gut instinct and observation in business.

Global alliance can bring money, not technology: And byKishore plans to transform the Future Group into a technology company as well, and by that, it means the company would be more of an analytics company than a retail one. The retail giant head and multi-billion dollar start-up boss will be sharing the stage at Isha Yoga Centre in Coimbatore.