Kishore Biyani is an Indian businessman who is the Founder & CEO of Future Group, one of India's biggest brick-and-mortar retailers. He is also the founder of retail businesses such as Pantaloon Retail and Big Bazaar.
He is the founder of some of our most loved brands Pantaloon and Big Bazaar. In today's episode, we will dive deep into Kishore Biyani's stories, ideas, and observations that led to such successful businesses. We talked about the young days that shaped him into such a brilliant person.
kishore biyani's shareholdings and portfolio as on December 31, 2023. As per corporate shareholdings filed for December 31, 2023, kishore biyani publicly holds 3 stocks with a net worth of over Rs. 7.3 Cr.
HOW KISHOR BIYANI BUILD INDIA'S FIRST RETAIL | Journey of Pantaloons | PART-1 | DIGITAILODD
What happened to Kishore Biyani?
Kishore Biyani withdraws resignation from FRL's suspended board as Chairman, Director. Earlier this week, the RP of FRL filed an application before the National Company Law Tribunal (NCLT) against the former and present directors of the company for causing a loss of Rs 14,809.44 crore to creditors.
What went wrong with Big Bazaar? Big Bazaar's battle with debts gained attention starting in 2017, and by 2019, many of its outlets had been shut down. In 2020, there was a pandemic epidemic, which destroyed even Big Bazaar's sales. Future Group eventually sold Big Bazaar to Reliance Industries as a result.
Damani is often referred to as the Retail King of India. His estimated net worth is US$18.3 billion as of January 2024, according to the Bloomberg Billionaires Index, and $17 billion according to Forbes.
Lack of Customer-Centric Approach: Successful businesses today are those that place the customer at the heart of their operations. Big Bazaar failed in this aspect, often prioritizing cost-cutting over customer satisfaction, which, in the long run, adversely affected its profitability.
Meet Ashni Biyani, who is the founder and director of Think9 Consumer, a multi-brand platform. She once led Future Consumer Ltd (FCL) as managing director for over six years. Ashni is the daughter of Future Group's Chairman Kishore Biyani.
Synopsis. Biyani, who started his business in 1987 by launching Manz Wear which later adopted the brand name of Pantaloon, has agreed to hand over the control of his retail empire to relatively new entrant Reliance Retail, a part of Mukesh Ambani-led Reliance Industries, in a Rs 24,713 crore deal.
With over 24 years of retailing experience, Pantaloons, a division of Aditya Birla Fashion and Retail Ltd. is one of the most loved fashion brands in India with 344+ stores spread across 170+ towns and cities in the country.
In terms of the Scheme the name of the company was changed from Peter England Fashions and Retail Limited to Pantaloons Fashion & Retail Limited (PFRL) and the Authorised Equity Share Capital of the company was increased from Rs 10 crore to Rs 100 crore.
Use the word pantaloon if you're looking for a more colorful term for your pants or trousers. This is an excellent word choice if you're looking for a more elegant designation than "baggy pants." We get the word from French, which got it from a foolish comic character in Italian commedia dell'arte, Pantalone.
With a strong presence across key consumption baskets and a leadership position in food, consumer electronics, and fashion retailing and with 10,415 stores covering 22 million square feet, Reliance Retail has the largest store network in the country. The company ranks first among the retail companies in India.
Kishore Biyani, the head of Future Group, also referred to as the Father of Modern Retail in India and the maverick businessman, has evolved as one of the most successful businessman of the country.
Citing unpaid payments by Future, Reliance has taken control of operations of some 200 Big Bazaar stores and has plans to seize another 250 of Future's retail outlets. Combined, they represent the crown jewels of Future's retail network and around a third of all Future outlets.
Big Bazaar has been shut down due to the financial crunch and lack of funding the owner of the company could not run the store anymore, But now Reliance Will Rebrand 200 Big Bazaar(Smart Bazaar) Outlets & Run Operations.
Biography. Darshan Mehta is the President and chief executive of Reliance Brands Limited (RBL), a subsidiary of 125 billion market-cap company and India's largest conglomerate, Reliance Industries Limited.
Mukesh and Nita Ambani expressed immense pride and joy at the opening of Jio World Plaza, led by their daughter Isha Ambani, praising her and her team for redefining luxury in Mumbai, and foreseeing it as a global exemplar.
