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KISHORE BIYANICEO & MD OF FUTURE GROUP
SUBMITTED BY: FACULTY:
SANDEEP PAUL PROF.SRILALITA
MBA(IB)-1ST
YEAR
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SEC-B
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INTRODUCTION
Born on-August 9th1961.
Place-Mumbai, maharastra (india).
Occupation-CEO and MD of Future Group.
Spouse-Sangita biyani..
About Kishore Biyani
Kishore Biyani , belongs to a trading family from Rajasthan
settled in Mumbai for more than 60 years now. He was born
in a family of traders. He was never interested in studies and
always had ambition of making it big in business. After
completing his graduation in commerce he did not join the
family trading business but rather than tried out different
things on his own, like readymade garments, textile
production, creating brands before he ventured in retail
business of selling garments.
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Kishore Biyani, replaced conventional wisdom with guts
and instincts to create Future Group, a $1 billion company
that includes Pantaloon Retail, a department store group;
Big Bazaar, the companys name for hypermarkets; Food
Bazaar supermarkets, and Central Mall, a more upscale
aggregation of merchandise. Known for his insights into
Indian consumer behavior, Biyani also represents an enigma
to the countrys emerging retail players, both domestic and
foreign.
Mr.Biyanis Kingdom:
Mr.biyanis kingdom is not unexpected.Indias own
Samwalton(The legendry promoter of wallmart is quick to
seize any advantage.Even size has not made a difference to
Biyanis vaulting ambitions and he is on an even faster
trajectory of growth.He has booked over 4.5 million square
feer of space across the country and will utilise 3 million
square feet by this years end in 23 Indian cities.
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He might have over 6000 employees and 300 managers ,
but the buck stops only with him.He keeps a close watch
over his empire with the assistance of his two brothers who
are directors in the company.Every time a store opens,
managers have to rush daily reports for the first 45 days,
and it is not unusual for Biyani to be fixing any lacunae
either over phone or personally in the store.
For better implication of ideas weekly targets are fixed and
reviewed every month.Few months ago he snapped up
Indus League Clothing, a garments company in which he
picked up 68% equity for Rs.23 crore(240 million).
Companies under future group:
Future media(India)Ltd. Future Logistics
Solution Ltd.
ConvergemCommunications(India)L
td.
Pantaloon FoodProduct(India) Ltd.
Future KnowledgeServices Ltd.
Future Capital HoldingLtd.
Future Generali IndiaInsurance Company Ltd.
Pantaloon Retail(India)Ltd.
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Home Solutions Retails
India Ltd.
Future Brands Ltd. Futurebazaar India Ltd. Weavette Texstyles Ltd. Staples Future Office
Products Private Ltd.
Talwalkars PantaaloonFitness Private Ltd.
Converge M. Indus league Clothing. Food Mart Retail. Future Venture India
Ltd.
Galaxy EntertainmentCorporation.
Etam Future FashionLtd.
BIYANIS JOURNEY
Biyani has not always played in the big league.Having quit
the family business, which supplied denim to Arvind Mills,
In 1987 he collected Rs.7 lakh and set up a small plant
which produced 200 trousers a day.
In the crowded market Biyani learned his first lesson to be
heard, You need to shout louder than the Rest.As a
result, though the turnover for his bare brand was only
Rs.7 lakh in the first year, he spent Rs.16 lakh advertising
it.
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He also added John Miller Shirts to his portfolio.The shift
from manufacturing to retail was the critical point in
Biyanis career.Distribution costs were the reason brands
were snuffed out in the marker, so Biyani decided to
rewrite the rules of the game.
In 1993, he experimented with a small store format and
Pantaloon shoppe was launched in panjim, Goa.
Kishore made a big gamble when he started Pantaloon
Fashion House Retail ready to wear garments.The initial
years were really difficult for him in establishing his brand.
But he was very much optimist, from the shoppe to the
large store format in 1998 in Kolkata and he was proved
right when the Kolkata Pantaloon store became a raging
success and biyani stepped on the turf as a super Retailer.
Kishore biyani led the companys foray into organised
retail with the opening up Pantaloons family store
followed with the launch of Big Bazaar in 2001.It blends
the look, touch and feel indian bazaars with aspects of the
modern retail like choice, convenience and quality.This was
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followed by a number of other formats including Food
bazaar, Central and Home town.
The year 2006 marked the evolution of Future Group, that
brought together the multiple initiatives taken by group
companies in the area of Retail, Brands, Space Capital,
Logistics and Media.
Now 25% of the Retail space is occupied by Future Group.
LEADERSHIP QUALITIES:
VISIONARY
He was a true visionary. He started selling readymade
garments when nobody preferred Ready to Wear shirts
and trousers. People used to buy clothes from a textile
shop, go to a tailor, give him the measurements and wait
for him to deliver the stitched trousers and shirts.Though
it was time consuming, it suited the tastes of the people
and fitted perfectly compare to the readymade garments.
Kishore made a big gamble when he started Pantaloon
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Fashion house to Ready to Wear garments.The initial years
were really difficult for him but now his vision his serving
India and society which is unchallenged.
RISK TAKER:
Risk taker Kishore Biyani did not joined his family trading
business but rather than tried out different things on his
own, like Ready Made garments, Textiles production,
creating brand before he ventured in retail business of
selling ready made garments.
First manufacturing unit then shifted to Retail he took risk
doing something new everytime.
AMBITIOUS:
He was never interested in business but did complete his
commerce graduation from HR College Mumbai and had
ambition of making it big in business, and that he have
done.
SIMPLICITY:
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Let me tell you something very special about him, Youll
never catch him in a tie and jacket. He isnt a stickler for
large cars, and has just graduated from driving a Honda
City to a Honda Accord, though hes just as content
driving around in a junior managers Maruti.so he is a very
simple personality concentrated on his goals.
OPTIMISTIC:
Till six months ago, in his own words , Kishore Biyani was
an Eternal optimist. He has transformed into a Realist.
It is my next phase in life,shrugs the Chairman of
Rs.8,600 crore Future Group, which has today moved away
from retail into financial services(Consumer finance and
Insurance), logistics and Supply Chain, Retail media and
brand development.
CONFIDENT:
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Kishore says : I am not afraid of recession, I am just
looking forward to bypass lot of technologies. I am just
finding the right products for my Consumers, whether it
may be Future Money or Central, I just need to satisfy my
customer to optimum. I sold more than 50,00,000 Persian
Carpets Last year, which was no where in Indian Markets.
This way getting the right product is keen for me now.
KISHORE ADVICE TO NEW ENTREPRENEURS:
According to him, A person who is able to work even
when he cannot measure the cause and effects is an
Entrepreneur, He advices go with your belief and dreams.
Keep on pursuing it-You must realise whether you have
the ability to think beyond, Everyone cannot be an
entrepreneur-You need to know if you are comfortable
with getting into uncharted territory.
:
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KEY POINT TO HIS SUCCESS:
1.India was the Second highest Populated Country inthe World This made his barriers a little easy, He had
the consumers in hand, he just needed to get in the
right way to drive the customers to his outlets.
2.Good Credit rating led the Biyani, to receive a goodamount of capital and support from the market.
3.India was on the move of revolution, when he enteredin this business, people not only welcomed him but
let him to lead the Retail Business.
FUTURE GROUP BUISNESS:
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BRANDS KEYFORMAT NO. OF OUTLETS
Big Bazaar Hyper market chain 97
Pantaloons Fashion store 45
Food Bazaar Super market 136
Kbs Fair price Food category 102
Future Money Consumer Finance 150
Electronic Bazaar Electronics 90Furniture Bazaar Furniture 85
Planet Sports Sports Accessories 54
Depot Books and Music 112
Lee Cooper Fashion for young 31
Shoe factory Footwear 17
AWARDS AND RECOGNITIONS:
The year 2006 was the year for Kishore Biyani. He got the
following awards this
year:
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1.Erst and Young Entrepreneur of the Year award.
2.Lakshimipat Singhania- IIM Lucknow Young BusinessLeader Award.
3.CNBC-First Generation Entrepreneur of the YearAward.
Doing Business in Indiais not easy, but its easy if youhave the right business.
Kishore Biyani