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Private company

Future Group

Logo: FutureGroup, Public domain, via Wikimedia Commons3

Indian conglomerate company

Future Group was an Indian conglomerate founded by Kishore Biyani and based in Mumbai. The company was known in Indian retail and fashion sectors, operating supermarket chains Big Bazaar and Food Bazaar, lifestyle stores Brand Factory and Central, integrated foods and FMCG manufacturing sectors. Future Retail Limited and Future Lifestyle Fashions Limited were two operating companies whose assets were among the top retail companies listed in BSE, with market capitalization among the highest on the National Stock Exchange of India.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

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Future Group was an Indian conglomerate founded by Kishore Biyani and based in Mumbai. The company was known in Indian retail and fashion sectors, operating supermarket chains Big Bazaar and Food Bazaar, lifestyle stores Brand Factory and Central, integrated foods and FMCG manufacturing sectors. Future Retail Limited and Future Lifestyle Fashions Limited were two operating companies whose assets were among the top retail companies listed in BSE, with market capitalization among the highest on the National Stock Exchange of India.2

Corporate structure

Future Group sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Future Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by Kishore Biyani.1

In May 2012, Future Group announced a 50.1% stake sale of its fashion chain Pantaloons to Aditya Birla Group to reduce its debt of around ₹8,000 crore (equivalent to ₹160 billion or US$1.7 billion in 2026). To do so, the Pantaloons fashion segment was demerged from Pantaloons Retail India Ltd, which was then merged into subsidiary Future Value Retail Ltd and later renamed Future Retail Ltd.

On 21 November 2014, Future Consumer Enterprises Limited acquired 98% of Nilgris from Actis Capital and other promoters. With that, Nilgiris is a wholly owned subsidiary of Future Consumer Enterprises Limited (FCEL).

In May 2015, Future Group acquired Bharti Retail in a deal worth around ₹500 crore (equivalent to ₹823 crore or US$86 million in 2026). Bharti Retail operated 216 convenience stores, supermarkets and hypermarkets under the brand name Easyday. Following the acquisition, Bharti Enterprises received 9% stakes in Future Retail Limited (manages retail operations) and Future Enterprises Limited (manages infrastructure, investments and assets).

In August 2019, Amazon acquired a 49% stake in Future Coupons, and indirectly obtained a 3.5% minority stake in Future Retail, ahead of an option to buy all or part of the promoters' holding in the company.

In August 2020, it was announced that Reliance Retail had reached an agreement with Future Group to acquire the latter's retail and wholesale businesses and its logistics and warehousing businesses for $3.4 billion.

The merger between Reliance Retail and Future Group was halted in October 2020, after Amazon filed a plea in the High Court for enforcement of EA awarded by the Singapore International Arbitration Center. In August 2021, the Supreme Court of India upheld Amazon's plea to restrain the merger. In December 2021, the CCI withdrew its approval for Amazon's acquisition of a minority stake in Future Coupons, stating that Amazon had misled the regulator about the purpose of its investment in the Future Group company.

From Wikipedia’s article on Future Group, shared under CC BY-SA 4.0.4

Leadership

Who has led Future Group, and when. Pick a name to see everywhere that person has worked.

Products and brands

Operations and subsidiaries

Retail

Future Retail Ltd

Future Lifestyle Fashion Ltd

Future Consumer Limited

Future Enterprises Limited

Read the full text

Swathi Tiffin Shop

Foodhall

Financial services

Future Capital Holdings (for internal financial services)

Future Generali India Life Insurance

Future Generali India Insurance

Future Ventures

Other services

Future Innoversity

Future Supply Chains

Future Brands

Brands

Future Lifestyle Fashion Ltd

Planet Sports

I AM in

Integrated foods and FMCG

Source:

FabFurnish

FabFurnish was launched as an online retailer of furniture, furnishings, décor, and kitchenware in January 2012 by Vaibhav Aggarwal, Vikram Chopra, and Mehul Agrawal. The company was headquartered in Gurgaon, NCR.

In July 2015, the brand announced a strategic restructuring, introducing Ashish Garg and Ankita Dabas as the new leaders. In April 2016, FabFurnish became a Future Group company. On 13 April 2017, the Times of India reported that Future Group was likely to close FabFurnish.

Generali Group

Generali is an Italian insurance company, operating in India through a joint venture with Future Group under the brand name Future Generali Insurance. Future Generali operates in India via two Generali India Life Insurance Co. Ltd. (Life Insurance) and Generali India Insurance Co. Ltd. (Non-Life Insurance).[Primary 1]

Staples Inc

Staples Inc., a United States–based office supply retailer, has a presence in over nine cities in India under a joint venture with Future Group.[Primary 2][7] As of April 2013, Future Group had a 60% stake in the partnership.[8]

Skechers

Skechers entered India through a JV with Future Group in 2012. Skechers ended the joint venture in February 2019 by buying 49% them out.[9]

Celio

French fashion Celio entered India in 2008 through a 50:50 joint venture with Future Group's then retail hand, Pantaloons Retail India Ltd (now Future Retail Ltd).[10] In November 2013, Celio hiked its stake in the joint venture to 65%.[11]

Clark

C&J Clark International Ltd. is a UK-based footwear and accessories retailer. Future Group entered into a 50:50 joint venture to form 'Clarks Future Footwear Ltd'. The JV launched its first (1,600 sq ft.) stand-alone store in Connaught Place, Delhi on 19 April 2011.[12]

Future Retail

These are the brands of Future Retail:

Big Bazaar

Central (Department Store)

FBB (Fashion at Big Bazaar)

Nilgiris 1905

aLL (A Little Larger)

Heritage Fresh

Easyday

WHSmith

Brand Factory

Aadhaar Wholesale

From Wikipedia’s article on Future Group, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Sources

The numbers on this page point here. Each one links to the record it came from.

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