Future Group
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| Private | |
| Industry | retailing, insurance, logistics, media |
| Founder | Kishore Biyani (CEO) |
| Headquarters | Mumbai, Maharashtra, India |
| Products | Integrated foods and other FMCGs |
| Services | Supermarkets, hypermarkets, discount stores, insurance, logistics, media |
| ₹200.6018 billion (US$3.0 billion) as of March 2013 | |
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Number of employees
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35,000 |
| Divisions | Future Retail Ltd.(: ,: FRL), Future Lifestyle Fashion Ltd., Future Consumer Enterprise Ltd., Future Innoversity Ltd., Future Supply Chains Ltd., Future Brands Ltd., Future Capital Holdings Ltd. |
| Website |
www |
Future Group is an Indian private conglomerate, headquartered in Mumbai. The company is known for having a significant prominence in Indian retail and fashion sectors, with popular supermarket chains like Big Bazaar and Food Bazaar, lifestyle stores like Brand Factory, Central etc. and also for having notable presence in integrated foods and FMCG manufacturing sectors. Future Retail (initially Pantaloons Retail India Ltd (PRIL)) and Future Lifestyle Fashions, two operating companies of Future Group, are among the top retail companies listed in with respect to assets, and in with respect to market capitalization.
On May 2012, Future Group announced 50.1% stake sale of its fashion chain Pantaloons to Aditya Birla Group in order to reduce its debt of around ₹80 billion (US$1.2 billion). To do so, Pantaloons fashion segment was demerged from Pantaloons Retail India Ltd; the latter was then merged to another subsidiary—Future Value Retail Ltd—and rechristened Future Retail Ltd.
Future Group is a corporate group and nearly all of its businesses are managed through its various operating companies based on the target sectors. For e.g., retail supermarket/hypermarket chains Big Bazaar, FBB, Food Bazaar, Food Hall, Hometown etc. are operated through its retail hand, Future Retail Ltd, while its fashion outlets Brand Factory, Central, Planet Sports etc. are operated via another of its subsidiaries, Future Lifestyle Fashions. With these many fashion outlets and supermarket, the group also promotes respectively, its fashion brands like Indigo Nation, Spalding, Lombard, Bare etc., and FMCGs like Tasty Treat, Fresh & Pure, Clean Mate, Ektaa, Premium Harvest, Sach etc. It also has operating companies to cater specifically to internal financial matters and consulting within its group of companies.
Generali is an Italian insurance company, having business in India through a joint venture with Future Group under the brand name Future Generali Insurance. Future Generali operates in India having through two primary legal entities namely Generali India Life Insurance Co. Ltd.(Life Insurance) and Generali India Insurance Co. Ltd.(Non-Life Insurance). Since 2013, Future Generali held talks of a possible merger with Larsen & Toubro Ltd to form a general insurance company but a year later, on 22 April, Future Group backed out of merger leading to premature closure of the talks
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