Kishore Biyani Ceo

8/2/2019 Kishore Biyani Ceo

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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

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Kishore Biyani Ceo