Future Group Promoter Default Scare and Its Exposure To Mutual Funds » Capitalmind
Kishore Biyani’s company, a holding company of the Future Group, has recently defaulted on a loan payment. The Future group owns the well-known retail chains Big Bazaar and Nilgiris, and has been the pioneer of the organised retail chains in India.
Kishore Biyani started with a trouser brand “Pantaloons” in 1987 and expanded into multiple arms from supply-chain management to retail and wholesale stores. Future Retail is their flagship firm. Kishore Biyani owns this web of companies of Future group through four major holding companies:
Future Capital Investment Private Limited (FCIPL),
Central Departmental . . .
