My take on POM

A Video to elaborate on learning from Principles of Organization and Management 

FUTURE GROUP

   

FOUNDER & C.E.O. – MR. KISHOR BIYANI

• Kishore Biyani is the Managing Director of Pantaloon Retail (India) Limited and the Group Chief Executive Officer of Future Group.

• Kishore Biyani led the company’s foray into organized retail with the opening up of the Pantaloons family store in 1997. This was followed in 2001 with the launch of Big Bazaar, a uniquely Indian hypermarket format that democratized shopping in India.

• The year, 2006 marked the evolution of Future Group, that brought together the multiple initiatives taken by group companies in the areas of Retail, Brands, Space, Capital, Logistics, Media & Brand Factory.

                                                        FUTURE GROUP

 

Future Group is Pioneer in the India’s retail space, various formats are household names in more 

than  85 cities and 60 rural locations across the country.The company’s stores cover around 15 

million square feet of retail space and attract around 220 million customers each year. Future Group 

employs 35,000 people directly from every section of our society. Its Products and services supplied 

by over 30,000 small, medium and large entrepreneurs and manufacturers from across India.

VISION:

We shall deliver Everything, Everywhere, Everytime for Every Indian Consumer in most 

profitable manner. 

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 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.

VALUES:

• Indianness: Confidence in ourselves.

• Leadership: To be a leader, both in thought and business.

• Respect & Humility: To respect every individual and be humble in our conduct.

• Introspection: Leading to purposeful thinking.

• Openness: To be open and receptive to new ideas, knowledge and information.

• Valuing and Nurturing Relationships: To build long term relationships.

• Simplicity & Positivity: Simplicity and positivity in our thought, business and action.

• Adaptability: To be flexible and adaptable, to meet challenges.

• Flow: To respect and understand the universal laws of nature.

IMPORTANT MILESTONES:

 

1987 :   The company is incorporated under the name of Manz Wear Private Limited.

1992 :   Pantaloon Retail India Ltd makes an Initial public offer (IPO).

1994 : The Pantaloon Shoppe, Future Group’s exclusive menswear store in a franchisee format is launched across the nation. The company starts distribution of branded garments through multi-brand retail outlets across the nation.

2007 :  Future Group crosses $1 billion turnover mark.

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.

2008  :  Big Bazaar crosses the 100-store mark, marking one of the fastest ever expansion of a hypermarket format anywhere in the world. Total operational retail space crosses 10 million square feet mark.

Future Group acquires rural retail chain, Aadhar present in 65 rural locations.

2010  :  Future Group launches products in key FMCG categories through Sach, a brand co-created with Sachin Tendulkar.

  

BUSINESS LINE

  GROUP OF COMPANIES

 

 

The Way They Do The Business:

Knowing India the Indian way 
•Embracing Indianness to conduct business across various socioeconomic and demographic
 segments 
•Integrating the traditional approach into modern-day retail to identify critical customer-value
 levers and game-changing trends in Indian retail

Driving Inclusive Growth 
•Thriving in an ecosystem that facilitates collaboration and inclusive growth as a sustainable
 economic growth model for India 
•Creating fresh employment, impacting livelihoods, empowering local communities and 
fostering mutual growth

Accelerating Innovation 
•Driving innovation with solutions that reconcile the interests of our business, the 
environment and other stakeholders 
•Leveraging powerful research as a co-creation engine to harness consumption 
opportunities created by emerging urbanization and lifestyle trends.