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July 30, 2015 1:36 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

India

Founded in 1987

Phone:

91 22 6708 9500

Fax:

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 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.

IDFC May Acquire Payment Bank

IDFC Limited (BSE:532659) confirmed that it may acquire a small stake in Future Group's Payment Bank. IDFC has clarified to Bombay Stock Exchange that "We would like to clarify that IDFC has neither made any investment nor made any firm commitment to invest in the Payment Bank of the Future Group unconditionally. However, we would like to mention that IDFC and Mr. Biyani are coming together to build an alliance, to facilitate which, IDFC may acquire a small equity stake in Future's payment bank, subject to its receiving a license from the RBI and subject to IDFC's own internal Board approvals."

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