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Future Retails was incorporated in 1987 as Manz Wear, which launched Pantaloons trousers. It became India?s first formal trouser brand. Later it launched Bare, a jeans brand. In 1994 it opened The Pantaloon Shoppe, a store in the franchise format exclusive for menswear. From then company started the retail chain for branded garments. It is India?s 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 16 million square feet of retail space, has over 1,000 stores across 73 cities in India and employs over 30,000 people.
Future, formerly known as Pantaloon Retail Ltd, and Future Ventures India agreed in November 2012 to demerge their fashion businesses into a new listed unit that will simplify the businesses into three main segments.
The company?s 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. The company also operates an online portal, futurebazaar.com.
Future Value Retail Limited is a wholly owned subsidiary of Pantaloon Retail (India) Limited. This entity has been created keeping in mind the growth and the current size of the company?s value retail business, led by its format divisions, Big Bazaar and Food Bazaar.
The company operates 148 Big Bazaar stores, 169 Food Bazaar stores, among other formats, in over 70 cities across the country, covering an operational retail space of over 6 million square feet. As a focused entity driving the growth of the group's value retail business, Future Value Retail Limited will continue to deliver more value to its customers, supply partners, stakeholders and communities across the country and shape the growth of modern retail in India.
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 focused on catering to the consumer electronics segment. Pantaloon Retail is the flagship company of Future Group, a business group catering to the entire Indian consumption space.
Home Solutions Retail (India) Limited
Home Solutions Retail (India) Limited (HSRIL) offers complete retailing solutions for all products and services related to home building and home improvement. The key product categories are Consumer Durable & Electronics (CDE), Furniture, Home furnishing and decor, Home improvement and Home services. HSRIL operates retail format Collection–i, Furniture Bazaar, Electronics Bazaar, Home Town and e–zone.
Future Brands Limited
Future Brands Limited (FBL) has been incorporated on November, 2006 and is involved in the business of creating, developing, managing, acquiring and dealing in consumer–related brands and IPRs (Intellectual Property Rights).
Future Media (India) Limited
Future Media (India) Limited (FMIL) was incorporated as the Group?s media venture, aimed at creation of media properties in the ambience of consumption and thus offers active engagement to brands and consumers. FMIL offers relevant engagement through its media properties like Visual Spaces, Print, Radio, Television and Activation.
Future Supply Chain Solutions Limited
Future Supply Chain Solutions Limited (FSCS) has been incorporated as a separate entity and is involved in the business of providing logistics, transportation and warehousing services for all group companies and third–parties.
Future Axiom Telecom Limited
Future Axiom Telecom Limited is a Joint Venture with Axiom Telecom LLC, UAE. The Company has a 50% stake in Future Axiom Telecom Limited (FATL) which is a joint venture Company with Axiom Telecom LLC, UAE. The Company would be engaged in sourcing and wholesale distribution of mobile handsets, accessories and in setting up service centres for mobile handsets in India.
Pantaloon Food Product (India) Limited
Pantaloon Food Product (India) Limited (PFPIL) was incorporated with the object of sourcing and backward integration of food business of the Company. PFPIL has sourcing and distribution bases at all key cities across the country.
Future Knowledge Services Limited
Future Knowledge Services Limited (FKSL) was incorporated on January, 2007 and is engaged in the business of business process outsourcing and knowledge process outsourcing.
Future Capital Holdings Limited
Future Capital Holdings Limited (FCH) was formed to manage the financial services business of Pantaloon Retail (India) Limited and other group entities. FCH is one of the fastest growing financial services company in India, with presence in Asset Advisory, Retail Financial Services and Proprietary Research. The company operates a consumer finance retail format, Future Money and manages assets worth over US$ 1 Billion through Indivision, Kshitij, Horizon and Future Hospitality Funds. FCH subsidiary companies include Kshitij Investment Advisory Company Ltd., Ambit Investment Advisory Company Ltd., and Indivision Investment Advisors Ltd.
Future Generali India Insurance Company Limited
Future Generali India Insurance Company Limited (FGIICL) was incorporated on October 30, 2006 to undertake and carry on the business of general insurance. The approval for carrying on General Insurance Business has been received from the Insurance Regulatory and Development Authority of India (IRDA) on September 4, 2007.
Future Generali India Life Insurance Company Limited
Future Generali India Life Insurance Company Limited (FGILICL) was incorporated on October 30, 2006 to establish and conduct the business of life insurance in India, which comprises of whole life insurance, endowment insurance, double benefit and multiple benefits insurance etc. The approval for carrying on Life Insurance Business has been received from the IRDA in September, 2007.
Futurebazaar India Limited
Futurebazaar India Limited (FBIL) is set up as the e–Retailing arm of the Future Group for providing on–line shopping experience. Futurebazaar.com was launched on January 2, 2007, and has emerged as one of the most popular online shopping portals in India. It was awarded with the ?Best Indian Website? award, in the shopping category, by the PC World Indian Website Awards.
Staples Future Office Products Private Limited
Staples Future Office Products Private Limited (SFOPPL) was incorporated on January, 2007 and is involved in the business of dealing in all kinds of office supplies, office equipments and products. SFOPPL is a joint venture between the Company and Staples Asia Investment Limited (a subsidiary of Staples Inc USA). The company?s first retail outlet opened in Bangalore in December, 2007. Awards
- Indian Express Award – Marketing Excellence and Excellence in Brand Building
- Indusland Bank (India Brand Summit) – Excellence in Brand Building
- Reid & Taylor and DLF Awards – Retailer of the year
- Images Retail Awards 2004 – Most Admired Retailer of the Year
- DAKS London – Brand Builder of the Year
- Images Retail Awards 2005 – Most Admired Retailer of the Year
Retail Asia Pacific Top 500 Awards – Asia Pacific Best of the Best Retailers – Pantaloon Retail (India) Ltd – Best Retailer in India
- Hewitt Best Employers 2007 – Best Employers in India (Rank 14th)
- World Retail Congress Awards – Emerging Market Retailer of the Year 2007
- National Retail Federation Awards – International Retailer for the Year 2007
- Images Retail Awards – Most admired Retail Company of the year
The INDIASTAR Award 2008 – Food Bazaar bagged the INDIASTAR Award for Best Packaging Innovation in India, for its private label brand Fresh and Pure Chakki Atta. With this award, Pantaloon Retail (India) Limited becomes the first Indian Retailer to win the prestigious INDIASTAR Award.
CNBC Awaaz Consumer Awards 2009
- Most Preferred Multi Product Chain – Big Bazaar
- Most Preferred Multi Brand Food & Beverage Chain – Big Bazaar
Images Fashion Forum 2009
- Most Admired Fashion Group of the Year – Future Group
- Most Admired Private Label – Pantaloons, the lifestyle format
- Critic?s Choice for Pioneering Effort in Retail Concept Creation – Central
Coca–Cola Golden Spoon Awards 2009
- Most Admired Food & Grocery Retailer of the Year
- Most Admired Food Court
- Most Admired Food Professional
Brand Equity Most Trusted Brands 2012
? Big Bazaar Ranked No. 3 as The Most Trusted Brand and Is the Most Trusted Retailer of The Year for Top Service
Retail Asia Pacific Top 500 2012
? Future Value Retail Won Gold in Top 10 Retailers Award, India
Pantaloon Retail India Received Certificate oF Distinction in Top 10 Retailers Award, India
Star Retailer Awards 2012
? Retailer of The Year 2012 ? Future Group. Most Valued Retailer ? KBFP
Asia Recognition Award 2012
? Highest Sale in Asia by VF Corporation ? Central
Images Fashion Awards (IFA) 2012
? Reliance Performance Award for Best Performing Partner ? Indus League
CISO Award 2012
? Future Group was felicitated for using Information security technology in the most effective and innovative manner
Golden Spoon Awards 2012
? Most Admired Food and Grocery Retailer of the Year for its Private Labels in Big Bazaar ? Future Group
? Retail Professional of the Year for innovation in Private Brands– Mr. Devendra Chawla, President ? Food & FMCG Category
Images Fashion Awards (IFA) 2012
? Most Admired Private Label Retailer – Pantaloons
ET Retail Awards 2012
? FedEx Most Trusted Retailer of the Year Award ? Big Bazaar
? TRRAIN Retail Employee of the Year Award ? Mr. Jitendra Kalyani, Big Bazaar
Recognition by CMO Council, USA and CMO Asia
? Master Brand Award – Future Supply Chains
? Retail Icon of the Year– Mr. Anshuman Singh, MD & CEO, Future Supply Chains
Bloomberg UTV B–School Excellence Award
? Best educational institute in Retail– Future Innoversity
Consumer Survey of Product Innovation 2013
? Sach Handwash voted product of the year by Consumer Survey of Product Innovation 2013
Images Fashion Awards 2013
? The Most Admired Fashion Retail Personality of the Year ? Mr. Kailash Bhatia
The Global Innovation Award
? International Home + Housewares Retail Excellence /Global Innovation' for the year 2012–2013 ? HomeTown
Retailer Technology Awards 2013
? Future Group's IT team was felicitated with the following awards:
Retail Application of the year
IT Team of the year
Supply Chain Software Solution
Rural Marketing Association of India's (RMAI) Corporate Awards 2012
? Best marketing communication towards women, youth and children ? Future Learning
1987 – Company incorporated as Manz Wear Private Limited. Launch of Pantaloons trouser, India?s first formal trouser brand.
1991 – Launch of BARE, the Indian jeans brand.
1992 – Initial public offer (IPO) was made in the month of May.
1994 – The Pantaloon Shoppe – exclusive menswear store in franchisee format launched across the nation. The company starts the distribution of branded garments through multi–brand retail outlets across the nation.
1995 – John Miller – Formal shirt brand launched.
1997 – Company enters modern retail with the launch of the first 8000 square feet store, Pantaloons in Kolkata.
2001 – Three Big Bazaar stores launched within a span of 22 days in Kolkata, Bangalore and Hyderabad.
2002 – Food Bazaar, the supermarket chain is launched.
2004 – Central – India?s first seamless mall is launched in Bangalore.
- Group moves beyond retail, acquires stakes in Galaxy Entertainment, Indus League Clothing and Planet Retail.
- Sets up India?s first real estate investment fund Kshitij to build a chain of shopping malls
- Future Capital Holdings, the company?s financial is formed to manage over $1.5 billion in real estate, private equity and retail infrastructure funds. Plans forays into retailing of consumer finance products.
- Home Town, a home building and improvement products retail chain is launched along with consumer durables format, Ezone and furniture chain, Furniture Bazaar.
- Future Group enters into joint venture agreements to launch insurance products with Italian insurance major, Generali.
- Forms joint ventures with US office stationery retailer, Staples
- Future Group crosses $1 billion turnover mark.
- Specialised companies in retail media, logistics, IPR and brand development and retail–led technology services become operational.
- Pantaloon Retail wins the International Retailer of the Year at US–based National Retail Federation convention in New York and Emerging Retailer of the Year award at the World Retail Congress held in Barcelona.
- Futurebazaar.com becomes India?s most popular shopping portal.
- Future Capital Holdings becomes the second group company to make a successful Initial Public Offering in the Indian capital markets.
- Big Bazaar crosses the 100–store mark, marking one of the fastest ever expansion of a hypermarket format anywhere in the world.
- Total operational retail space crosses 10 million square feet mark.
- Future Group acquires rural retail chain, Aadhar present in 65 rural locations.
? Future Value Retail Limited is formed as a specialized subsidiary to spearhead the group's value retail business through Big Bazaar, Food Bazaar and other formats
? Pantaloons opened its 50th flagship store in New Delhi on 27th November 2010
? Big Bazaar introduced Family Centre in Kolkata on 27th March 2010
? Big Bazaar opened its first store in Jalandar and Amravati
? Pantaloons forayed in Allahabad,Bhopal and Aurangabad
? Future Group launched 'The Great Indian Shopping Festival'
? Future Group announced the launch of mobile telephony services under the brand name T24 on the GSM platform
? Future Group entered elite gourmet retailing with the launch of its first gourmet food chain Foodhall in Mumbai on 26th May 2011
? Pantaloons launched its revamped Green Card Loyalty Programme
? Pantaloons forayed in Coimbatore, Durgapur and Vizag
? Big Bazaar opened its first store in Himachal Pradesh on 21st May 2011
? On 1st May 2012, the company introduced a new retail initiative ? Public Holiday Sale
? Foodhall the premium lifestyle food destination launched its second store in Bengaluru on 4th May 2012
? Future Sharp Skills Ltd. launched its first skill centre in Kolkata with a vision to train and provide sustainable livelihood to five lakh youth of West Bengal by 2022
? Pantaloons launched its first store in Ludhiana, Visakhapatnam, Bilaspur
? Future Group started Aadhaar Franchise
? Pantaloons joined hands with PAYBACK . Being India's largest and one of the strongest loyalty programs in Europe, PAYBACK offers were made available to all Pantaloons customers
? Big Bazaar launched its home delivery services in Mumbai
? Foodhall, the premium lifestyle food destination launched in Pune.
? Future Group successfully introduced 'Big Bazaar Direct' an assisted shopping concept where franchises will sell Big Bazaar products through a catalogue on a 'tablet'.
? Future Group officially launched India's largest State of the Art Logistical Distribution Hub at Nagpur.
? Foodhall, the premium lifestyle food destination launched in New Delhi.
? Future Sharp, the Future Group arm that trains and develops the skills of youth opened its new skill centre in Nashik.