Biyani’s Retail Venture and Vision

Submitted by:Jyoti SagarMeraj AhmadSatyam KumarSwati SehgalVandana Sain

Submitted to:Mr Ishwar Asst Prof.

Mr. Kishore Biyani “King of Retail”

KB was born 9th august 1961 . He was the second son of Shri Laxmi Narayan Biyani and Smt Godavari Biyani in Mumbai.

He grew up with 12 cousins and siblings and went to Manav Mandir high school.He did his graduation from HR college in Mumbai

Birth and education

As a child he was average in studies. He loved playing cricket and watching movies.

He was always a rebel in his family questioning every social and religious norm.

At college he rarely attended classes.He never enjoyed working in his family business.

Childhood and Teenage years

He organized a successful dandia night in his locality. This is were he showed his first sparkle of entrepreneurial talent.

KB started his entrepreneurial career by selling stone wash fabric. He managed to sell lakhs of worth of fabric. This is were he made his first profit.

First Entrepreneurial Venture.

He first launched brand of fabric named wbb (white, blue and brown).The brand enjoyed a short success.

He then launched Pantaloon a retail venture dealing in men’s wear.

He then eshtablished a small fancy-yarn plant by the name of Dhruv Synthetic in partenership of Sushil Sain,Krishna Jhujunwala each contributing 3 lakhs.

At the same time took the distributorship of denims made by Arvind Mills.

Menz wears private limited was incorporated in 1987.its name was later changed to Pantaloon.

First franchise of Pantaloon opened in Goa in 1991 by the name of Pantaloon shoppe. At its height there were 72 franchises across countries.

Pantaloon went public in 1992 to raise 225 lakhs.

The journey continues

KB’s foray into retail:First Pantaloon retail outlet opened in Garihat

kolkata in 1997. It stocked apparel for men and women, stationery ,sports goods, gifts toys and household items.

Although KB wasn’t the pioneer in organized retail but his vision ,creativity and entrepreneurial talent steered him through his competitors.

The new beginning

First big bazaar opened in VIP road Kolkata

Sravanas in Chennai was the inspiration behind Big Bazaar..

An adventure called Big Bazaar

Big bazaars reflect the look and feel of indian bazaar so that no customer gets intimidated by the surrounding.

Big bazaar are consciously designed to look crowded.

Each big bazaar is different keeping in mind the test of indian customers.

All the future group retail outlets are merchandise driven rather than being operation driven.

Expenditure on advertisement and brand building.

Why Big Bazaar are big

Future group businessBRANDS KEY FORMAT NO.OF OUTLETS

Big bazaar Hyper market chain 97Pantaloons Fashion store 45

Food bazaar supermarket 136Kb’s fair price Food category 102Future money Consumer finance 150

Electronic bazaar electronics 90Furniture bazaar furniture 85

Planet sports Sports accessories 54depot Books n music 112

Lee cooper Fashion for young 31Shoe factory Footwear 17

VISIONFuture Group shall deliver Everything,

Everywhere, Everytime for Every Indian Consumer in the most Profitable.

MISSIONWe will be the trendsetters in evolving

delivery formats

• We like simplicity in our ideas.• We like to learn while we execute.• We believe customers are always right.• We take pride in our value of indianess.• We build and nurture relationship.• We believe in ourself.• We love to rewrite rules ,even as we retain

values.

Core values of future group

KISHORE BIYANI’S PHILOSOPHY

ON LEADERSHIP

•Leadership is not about delegation, its about abdication•K.B believes in open door policy.

It happened in india.

Kb’s autobiography Story of big bazaar

pantaloons and great indian consumer

One of the best selling management book

Key points to his success1] India was the Second highest Populated Country in

the 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] Capital Availability. Good Credit rating led the Biyani, to receive a good

amount of capital and support form the Market.

3] Revolution. India was on the move of revolution, when

he entered in this business, people not only welcomed him, but led him to lead the retail business

Awards and Recognitions2006 Ernst & Young Entrepreneur of the Year

award.

2006 Lakshmipat Singhania - IIM Lucknow Young Business Leader award

2006 CNBC First Generation Entrepreneur of the Year award.

“Doing Business in India, is not easy, but its easy if you have the right Business”. - Kishore Biyani.

Thank You