Pantaloon Retail (India) Ltd.,
belongs to the Future Group,
founded by Kishore Biyani, who has been one of the major
forces behind the growth of organized retailing in India. While
retailing forms its core business activity, the Group has diversified into a host
of businesses and is now organized along twelve verticals.
The Group operates more than 12 million square feet of retail
space in 136 centers across India (71 urban and 65 rural) and has
around 30,000 employees. The Future Group has 22 companies under
its fold, the brief particulars of which are given in Exhibit 2.
The Future Group has a laudable mission - to make consumption
affordable for all consumer segments, to promote Indian
brands with confidence and ambition, to be efficient, cost-conscious
and committed to quality, and to be the trendsetters in evolving delivery
formats. The Group's corporate credo is "Rewrite Rules, Retain
Values." The important values espoused by the Group are Indianness,
respect and humility, introspection, openness, valuing and nurturing
relationships, simplicity and positivity and adaptability. |