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October 10, 2015 3:08 PM ET

Food and Staples Retailing

Company Overview of Future Group

Company Overview

Future Group, though its subsidiaries, owns and operates multi branded retail outlets. The company’s retail chains include department stores, outlet stores, sportswear, home improvement and consumer durables, supermarket, and convenience stores; and food parks. It offers life and non-life insurance services and products; supply chain and logistics service to large corporates in food and FMCG; apparels, footwear, and accessories; consumer electronics and hi-tech; automotive; and pharmacy and light engineering domain. The company provides mobile telephony services under the brand name T24 on the GSM platform; IT service focused on retail and allied consumption sectors; a range of customized pr...

Plot No. 117, Road No. 18

Opp. Army & Navy Press

MIDC, Marol

Andheri- East

Mumbai,  400 093


Founded in 1987


91 22 6708 9500


91 22 6708 9501

Key Executives for Future Group

Founder, Group Chief Executive Officer and Director
Age: 55
Managing Director of Future Supply Chain Solutions and Chief Executive Officer of Future Supply Chain Solutions Ltd.
Chief Executive Officer of Future Brands India Ltd. and Managing Director of Future Brands India Ltd.
Age: 52
Chief Executive Officer of Pantaloon Retail
Age: 59
Managing Director of Agre Developers Ltd.
Age: 45
Compensation as of Fiscal Year 2015.

Future Group Key Developments

Future Group Sign Joint Venture Agreement with Mibelle AG

Future Group has signed a joint venture agreement with Mibelle AG to develop and sell a range of consumer products exclusively for India. The first products under the Swiss-Indian label, to be manufactured in Switzerland and at the local factories in India, should be available from early 2016. The joint venture with Future Consumer Enterprise marks Mibelle's entry in the Indian market.

Future Group Looking To Acquire FMCG Brands

Kishore Biyani, founder and Chief Executive of Future Group, is looking at creating new strategies for Future Group. Kishore Biyani said that he is looking to sign joint ventures and acquire FMCG brands to perk up his consumer goods play.

Bharti And Future Group Reportedly In Advanced Talks

Bharti Retail Pvt. Ltd. and Future Group are said to be in advanced discussions for a possible merger of their retail businesses in what could lead to the biggest consolidation in the sector by a wide margin. The talks, which have been on for several months, gathered momentum recently and a deal is expected to be announced early next month, said multiple sources with knowledge of their progress. They said Bharti Retail's Easyday supermarkets, which deal in day-to-day food and grocery items, are likely to be merged with Future Consumer Enterprise. After this, the promoters of Bharti Retail - brothers Sunil, Rakesh and Rajan Mittal - are expected to get a minority stake in the combined entity or in one of the Biyani-promoted entities that controls his businesses, said the people cited above. The swap ratio and other key details are yet to be worked out, they said. One of them said due diligence is expected to be completed by end-May.

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