Kishore Biyani, the owner of Big Bazaar, had big dreams for his business as he was from a business family. Biyani's grandfather owned a clothing business, which is why Kishore was into the business from a very early age, as was his family, all involved in their clothing business.
Over the past two decades he has created and leads some of India's most popular retail chains like Big Bazaar, Central, Brand Factory, Foodhall, fbb, among others.
Big Bazaar, founded by Kishore Biyani in 2001, quickly became one of India's largest retail chains. The business model of Big Bazaar was centered on offering a wide range of products at affordable prices, targeting the middle and lower-middle-class segments of Indian society.
Founded in 2001, Big Bazaar is one of the oldest and largest hypermarket chains of India, housing about 300+ stores in over 120 cities and towns across the country.
Lack of Adaptation towards altering Customer Preferences: One of the key factors resulting in decline of Big Bazaar was its inability to adapt to the altering choices of customers. The rapid growth of e-commerce and digital shopping domains disrupted the old retail landscape.
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What is the story behind Big Bazaar?
Big Bazaar - Startup Story
Kishore Biyani, the owner of Big Bazaar, had big dreams for his business as he was from a business family. Biyani's grandfather owned a clothing business, which is why Kishore was into the business from a very early age, as was his family, all involved in their clothing business.
For example, EasyDay had 1007 stores across India and includes standalone stores not part of Big Bazaar. Overall, Future Retail (the company that owned Big Bazaar) generated an annual revenue of ₹20,000+ crore and operated around 1,511 stores in 428 cities, covering approximately 16.14 million sq. ft.
Lifestyle is a fashion retail store chain owned by Dubai-based conglomerate Landmark Group. Lifestyle's inventory consists of Indian and western apparels, footwear, handbags, beauty products, and fashion accessories for men, women, and children.
After conquering the retail industry, Kishore Biyani desired to venture into every business which directly dealt with the consumer, but this proved to be downfall because his unplanned expansion resulted in mounting debt which ultimately swelled to over Rs 12000 crore.
New Delhi: Retail mogul Kishore Biyani stands as a prominent figure in Indian entrepreneurship, credited with pioneering the concept of retail supermarkets.
Kishore Biyani was born in August, 1961 and is married to Sangita and they have two daughters. He recently authored a book, 'It Happened In India' that captures his entrepreneurial journey and the growth of modern retailing in India.
Future Group promoter Kishore Biyani has reportedly settled dues worth Rs 571 crore to lenders of Bansi Mall Management Company by making a one-time settlement of Rs 476 crore.
Rakesh Biyani is a Joint Managing Director of Future Retail Limited. He has been associated with the company for over 20 years. In his executive role as the Joint Managing Director, Rakesh Biyani leads the management and expansion of the company's flagship formats, Central, Big Bazaar and Food Bazaar.
Radhakishan Damani. Radhakishan Shivkishan Damani is an Indian billionaire businessman and investor. He is the founder and chairman of retail chain DMart.
EasyBuy Owned by Landmark Group a multinational retailer with a strong presence in India, known for brands like Lifestyle and Max opening soon in Sastiri road, Trichy.
By embedding fintech solutions, Bazaar is focused on enhancing its value proposition and creating new revenue streams that are driving it toward profitability. The acquisition aligns with global trends, where e-commerce platforms increasingly incorporate financial services to foster customer loyalty and boost margins.
Roman Sharf's net worth is tied directly to his share of the Luxury Bazaar company. As a partner, his net worth rises and falls with the success of the company. Roman has also made significant investments in real estate, his huge collection of antique firearms, gold, silver, and vintage watches.
Big Bazaar was started in 2001 by Kishore Biyani in India. It has grown to 133 stores across various formats like Big Bazaar, Food Bazaar, and Electronic Bazaar.
