Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


April 19, 2015 12:10 PM ET

Food Products

Company Overview of Future Consumer Enterprises Ltd.

Company Overview

Future Consumer Enterprises Ltd. engages in the development, designing, branding, and distribution of fast moving consumer goods under the brand Tasty Treat, Clean Mate, Care Mate, Premium Harvest and Fresh and Pure. The company was formerly known as Future Speciality Retail Limited. The company was incorporated in 2008 and is based in India.

,  

India

Founded in 2008

Key Executives for Future Consumer Enterprises Ltd.

Chief Executive Officer
Compensation as of Fiscal Year 2014.

Future Consumer Enterprises Ltd. Key Developments

Future Group Seeks Asset Sales

Future Group seeks to sell stake in various assets in 2015 to reduce debt. Future Group intends to sell stake in an insurance joint venture. "We have enough time to exit the insurance business," said Kishore Biyani, Founder of Future Group, adding that he is waiting for the foreign direct investment regulations and then will assess all the opportunities. Biyani is also looking at sale of remaining 17% - 18% stake in Pantaloons Fashion & Retail Limited (BSE:535755) to a private equity firm. "The transaction, if completed, could be worth about INR 225 crore," Biyani said. Assets that Biyani could potentially sell to raise funds include 70% equity in Future Supply Chain Solutions Ltd., holdings in Future's two insurance ventures, two equal joint ventures with Apollo Textile Mills Limited (KASE:APOT) and Gold Mohur Mills Ltd. in Mumbai, 10% stake in Future Consumer Enterprises Ltd., 15% - 18% in Future Lifestyle Fashions Limited (BSE:536507) and a joint venture with the US-based Staples, Inc. (NasdaqGS:SPLS). "I am under no pressure to sell. The INR 1,600 crore rights issue will get me into a comfortable position," added Biyani.

Similar Private Companies By Industry

Company Name Region
Orana India Pvt Ltd Asia
Mysore Sugar Company Limited Asia
VALENTINE Asia
Lotte Foods India Private Limited Asia
Gee Pee Ceval Proteins & Investment Ltd. Asia

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Future Consumer Enterprises Ltd., please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.