3 C PRESENTATION ON FUTURE GROUP (BIG BAZAAR)
COMPANY PROFILE
Background and inception of the company
Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, is one of Indias leading business houses with multiple businesses spanning across the consumption space. While retail forms the core business activity of Future Group, group subsidiaries are present in consumer finance, capital, insurance, leisure and entertainment, brand development, retail real estate development, retail media and logistics.
Pantaloon Retail is the flagship company of Future Group, a business group catering to the entire Indian consumption space and its an Indias leading retailer that operates multiple retail formats in both the value and lifestyle segment of the Indian consumer market. Headquartered in Mumbai (Bombay), the company operates over 12 million square feet of retail space, has over more than 1000 stores across more than 71 cities in India and employs over more than 30,000 people.
The companys leading formats include Pantaloons, a chain of fashion outlets, Big Bazaar, a uniquely Indian hypermarket chain, Food Bazaar, a supermarket chain, blends the look, touch and feel of Indian bazaars with aspects of modern retail like choice, convenience and quality and Central, a chain of seamless destination malls. Some of its other formats include Brand Factory, Blue Sky, all, Top 10 and Star and Sitara.
A subsidiary company, Home Solutions Retail (India) Limited, operates Home Town, a large-format home solutions store, Collection i, selling home furniture products and eZone focussed on catering to the consumer electronics segment. Pantaloon Retail was awarded the International Retailer of the Year 2007 by the US-based National Retail Federation (NRF) and the Emerging Market Retailer of the Year 2007 at the World Retail Congress held in
Future group manifesto
Future the word which signifies optimism, growth, achievement, strength, beauty, rewards and perfection. Future encourages us to explore areas yet unexplored, write rules yet unwritten; create new opportunities and new successes. To strive for a glorious future brings to us our strength, our ability to learn, unlearn and re-learn our ability to evolve.
We, in Future Group, will not wait for the Future to unfold itself but create future scenarios in the consumer space and facilitate consumption because consumption is development. Thereby, we will effect socio-economic development for our customers, employees, shareholders, associates and partners. Our customers will not just get what they need, but also get them where, how and when they need.
We will not just post satisfactory results, we will write success stories. We will not just operate efficiently in the Indian economy, we will evolve it. We will not just spot trends; we will set trends by marrying our understanding of the Indian consumer to their needs of tomorrow. It is this understanding that has helped us succeed. And it is this that will help us succeed in the Future. We shall keep relearning.
VISION, MISSION AND QUALITY POLICY
Future group VISION: To deliver everything. Everywhere, every time, to Every Indian customer in the most profitable manner.
Future group MISSION:
We share the vision and belief that our customers and stakeholders shall be served only by creating and executing future scenarios in the consumption space leading to economic development. We will be the trendsetters in evolving delivery formats, creating retail realty, making consumption affordable for all customer segments for classes and for masses.
We will be the trendsetters in evolving delivery formats, creating retail realty, making consumption affordable for all customer segments for classes and for masses. We shall infuse Indian brands with confidence and renewed ambition. We shall be efficient, costconscious and committed to quality in whatever we do.
Various formats and Retail Brands of FVRL
Future value retail India limited has created a well niche brand out of its retail formats; it has not only created retail formats but has created brands which we believe have significant value and top of the mind recall in a consumers mind. Its private labels are also adding significant brand value. Going forward with increasing sales promotion and massive store expansion it is just going to increase the brand value in the mind of the consumers. It has transformed the
Brands of FVRL
Competitors Information
Raheja Group
Super market Hypermarket Department store [shoppers stops] Speciality store [crossword]
Tata
group
Department store[Westside] Hypermarket [Star India bazaar] Other formats[landmark, Croma,thanishq]
P G Group
Super market [Food world] Hypermarket [Spencers] Speciality store [Health& glow]
Aditya
Birla Group
Super market Department store[more]
Reliance
Retail
Convenience stores Supermarkets Specialty stores Hypermarkets
Bharti
Wal-Mart
Cash-and-carry Hypermarkets Supermarkets Convenience stores
Piramal
Group
Discount Store [TruMart] Department Store [Piramyd Megastore]
Vishal
Retail
Customers
Mr kishore biyani in his magazine its happening in india has classified indian population into three groups. INDIA-I (poverty level) INDIA-II (middle class) INDIA-III (luxury class)
And his target customers are INDIA-II or the middle class people. According to the research conducted by the future group it is said that 60% of the indian population is middle class. Middle class people have a tendency of looking for a quality products with low price.
To meet their needs and expectation future group has evolved with the some of their brands like big bazaar food bazaar etc. In these outlets they provide the quality products at a lower price. To attract their customers they even promote the mall culture.
THANK YOU
