P antaloon's Kishore Biyani has become India's largest retailer, but still has several aces up his John

hn Miller shirtsleeves.

In India's chaotic markets, Kishore Biyani is the unchallenged king of retail. He has the knack of catching rivals off-guard and striking where it hurts most.

And now that he's set himself the task of retaining control of the largest retail space in the country, he won't let anyone - suppliers or international

promoters included - catch him slacking.

The latest to face the wrath of the 43-year-old is South African hypermarket Shoprite, which opened shop in Mumbai [ Images ] last month through

a franchise agreement with local company Nirmal Lifestyle.

The hypermarket began retailing products from big boys Nestle [ Get Quote ], Unilever and Procter & Gamble at consumer discounts of 20-30 per cent, lower than even

Biyani's purchase prices in his Big Bazaar and Food Bazaar stores.

Instead of chewing his nails, Biyani turned confrontationist, asking why the multinationals were offering Shoprite better prices, even withdrawing Nestle products from his

stores when the company did not respond.

Two days later the Nestle products were back, but not before the company had clarified its stance. Says Biyani, "Shoprite is involved in predatory pricing. There are rules

against this in every part of the world."

But as a result of his tough stance, the three MNCs have asked Shoprite to roll back the offers or face withdrawal of supplies, he says.

Pantaloon [ Get Quote ] Man

Unlike most people, Kishore Biyani makes no bones about his simplicity. He's the man you're most likely to ignore at the Pantaloon or Big Bazaar store, as he stands in a

corner observing the way you shop. But make no mistake, what he may lack in sartorial style, he more than makes up through his observation powers.

You'll never catch him in a tie and jacket. He isn't a stickler for large cars, and has just graduated from driving a Honda City [Images ] to a Honda Accord [ Images ], though

he's just as content driving around in a junior manager's Maruti 800 [ Images ].

He is a strict vegetarian, and is currently off cheese and fried foods, but will otherwise eat anything that is green.

According to him, golf is a waste of time. Instead, he's addicted to a daily half-hour walk and does yoga twice a week.

He used to be a lawn tennis regular but gave it up citing lack of time. He can't understand the fuss about gyms and hasn't visited any.

Biyani loves films and has even produced some, but was never part of that industry. His personal preference is films by Guru Dutt, Yash Chopra [ Images ] and Sanjay

Leela Bhansali [ Images ].

He believes in taking quick decisions. The deal with Bennett, Coleman & Co was done in seven days flat. He has never met V Banga of Unilever in his life, and leaves the

task of relationship building to his managers.

Instead he spends time with property developers - Sanjay Chandra of Unitech is a pal - merchant bankers and investment bankers.

Biyani's victory isn't unexpected. India's own Sam Walton (the legendary promoter of Walmart) is quick to seize any advantage. Which is why the denim manufacturer who

quit the trade because "it wasn't creative enough" commands over 1.3 million sq ft of retail space.

But even size hasn't made a difference to Biyani's vaulting ambitions and he's on an even faster trajectory of growth. He's booked over 4.5 million sq ft of space across

the country, and will utilise 3 million sq ft by this year's end in 23 Indian cities.

He will invest over Rs 200 crore (Rs 2 billion) to make this dream a reality. Says R S Roy, editorial director of the magazine Retail, which tracks the industry closely: "Mall

developers have him in mind before they start constructing. His presence ensures footfalls and a premium for the mall."

Even Biyani concedes, "We have a store opening virtually every fortnight; I have lost count now of how many I have opened."

But don't let Biyani fool you. He keeps a close watch over his empire with the assistance of his two brothers, who are directors in the company.
He might have over 6,000 employees and 300 managers, but the buck stops only with him. Every time a store opens, managers have to rush daily reports for the first 45

days, and it isn't unusual for Biyani to be fixing any lacunae either over the phone or personally in the store.

Weekly targets are fixed and reviewed every Monday. The badshah of the bazaar jets between his stores across the country to "spend at least six or seven hours every

week in the stores", he says. Even when he's in inspection mode, Biyani takes time off to cut more deals.

Last week he snapped up Indus League Clothing, a garments company in which he picked up 68 per cent equity for Rs 24 crore (Rs 240 million). The following day, he

sold 4.98 per cent equity in flagship Pantaloon Retail to Bennett, Coleman & Co for Rs 70 crore (Rs 700 million)- a substantial premium on the prevailing price of the

shares in the market.

Biyani hasn't always played in the big league. Having quit the family business, which supplied denim to Arvind Mills [ Get Quote ], in 1987, he collected Rs 7 lakh and set

up a small plant that produced 200 trousers a day.

In the crowded market of readymades, Biyani learned his first lesson - to be heard, you need to shout louder than the rest. As a result, though the turnover for his Bare

brand was only Rs 7 lakh in the first year, he spent Rs 16 lakh advertising it.

He also added John Miller shirts to his portfolio. This year, Pantaloon will spend Rs 85 crore (Rs 850 million) advertising its various store formats.

The shift from manufacturing to retail was the critical point in Biyani's career. Distribution costs were the reason brands were snuffed out in the market, so Biyani decided

to rewrite the rules of the game.

In 1993, he experimented with a small store format, and Pantaloon Shoppe was launched in Panjim, Goa [ Images ], "where we could make mistakes without anyone

noticing them".

From the shoppe to the large store format in 1998 - this time in Kolkata [ Images ] ("If you can conquer Kolkata, you can conquer other markets too. Calcuttans, contrary to

perception, have money and are loyal customers. They are emotional people and get emotionally attached to a brand.") - was a carefully crafted plot.

And he was proved right when the Kolkata Pantaloon store became a raging success and Biyani stepped on to the turf as a super retailer.

Other professionals have wondered where Biyani picked up the tricks of the retailing trade.

Some he learned from his own mistakes, he admits. Others he picked up from the big boys

of international retail.

"I read every book on Sam Walton, Macy's, Marks & Spencer and management gurus like

Tom Peters whose book 'Reimagine' impressed me." Even now he reads a management

book every fortnight - Stephen Covey, Robert Kaplan or James Collins.

But unusual as it might seem, he also made it a point to stay away from these stores. The

reason: "By going to a Walmart or a Macy's, you could get overwhelmed into thinking that was the best model and stop learning," he says.

That might sound like stunted logic, but Biyani already knew from Sam Walton that you needed to be merchandise driven (to concentrate on the product and the price) so

operational efficiencies could follow.

Macy's was useful for understanding the importance of size and large store formats. Marks & Spencer reinforced the importance of building in-house labels and the

obsession with quality. He picked up the idea of "mind to market" (see box) from Spanish retail giant Zara.

To translate theory into practice, Biyani took a leaf out of Walmart's book and appointed category managers. "We have over 150 product categories and each is looked

after by a manager who is responsible for its growth and profit," says Biyani.

In-house labels constitute 8 per cent of the turnover of food items in his stores, something he wants to up to 20 per cent by end-2005.

Similarly, Pantaloon also has its own manufacturing facility for garments, and 15 per cent of his fashion and garments turnover comes from there.

But the underlying message in books on retail strategy was the one thing India had been wary of - big is beautiful.
Biyani wasn't above picking up the gauntlet and launched Big Bazaar, a hypermarket in Mumbai as a gamble, financing it mostly through a loan (the share price was so

low he could not have raised equity). To India's surprise, the format worked and the rest is history.

Detractors now attack him and say he is growing too fast. "He is leveraging his balance sheet to expand, and that could be a problem if some formats fail, and his margins

are under pressure - his net profit as a percentage of sales is only 3 per cent," says a competitor.

Points out another Biyani watcher: "You cannot have two or three Big Bazaars or Pantaloons in one area, which is why he is desperate about getting new brands like

Indus League."

Others rise to his defence. Says retail equity analyst Sanjay Dam: "He now has a size where some failures of format will not make a difference. That explains why

Bennett, Coleman & Co was ready to pay a premium on his shares."

Biyani remains unperturbed by most comments. He points out that he does not negotiate less than 60,000 sq ft of space, using it to leverage rentals that are 60-70 per

cent lower than what others pay in the same mall.

The volumes, he says, have ensured that, as in Walmart, 50 per cent of the store products are bought directly from the manufacturers, passing on the middlemen's

margins to the customer. Other rules have been learned through a process of trial and error.

He will not increase the share of food and groceries to more than 25 per cent of the turnover because "that is the percentage of their salary that families spend on food.

And margins in food can be as low as 5-8 per cent compared to 40 per cent in fashion wear."

The larger challenge has been to understand the diversity in customer behaviour where even Hyderabad and Bangalore are as different as chalk and cheese.

"Hyderabad is conservative, male dominated, where customers like loud colours and shop in groups," he says.

"Bangalore is modern, where customers want subtle shades and shop on their own." In fact, Biyani has turned the study of community behaviour into a fine science

through a specialised regional diversity tracking system.

He goes personally to people's homes, talks to local community leaders and spends weeks walking streets of bazaars to get a feel of what products should be stacked in

a new store.

Biyani's current project is improving inventory management - though he replenishes entire stocks for grocery 30 times a year, and garments six times annually, he is not

satisfied.

Explains Biyani: "This will be the key differentiator between the winners and losers because it reduces working capital requirement and improves return on capital." And if

Biyani gets it right, his retail juggernaut could well be unstoppable.

Kishore Biyani is on to another idea, and he isn't letting go of it because it could change the face of the retail business. The goal is simple: to dramatically scrunch the time

it takes from when a product is conceived to the time it takes to get to the stores. His target: 45 days flat.

In the world of fashion, it takes four-six months for an approved idea to make it to the stores. Biyani says that forecasting trends has too many variables and the chances

of getting customer needs wrong are high. In such cases stores are stuck with huge unsold inventories.

"The aim of 'mind to market' is to respond to the demand of the market rather than try to forecast it months in advance," he says.

Pantaloon has already started pilot projects. In October 2004, the company detected a demand for trendier trousers. The company launched Fashion "F" Trousers based

on this tip-off in December.

To cater to the demand, all departments - design (he has hired fresh design graduates to work with him), production, category managers, marketing and fabrication -

came together on the project plan.

The team created a range of fashion styles and jointly agreed upon the fabrics that would be used, and the various price points at which the products would be launched.

Says Biyani: "We were able to put these trousers on the shelves of our stores all over India in 40 days."
At margins of 65 per cent, the pick-up offered great returns. No wonder Biyani's already on to the next project - he won't tell us the product though - where the lead time

will be a meagre 22 days. Only Spanish retailer Zara's 15-day lead time is faster.

Interview - Pantaloon

Guess what? 3 million square feet of retail space spread across 25 cities where 12 crore Indians will shop this year!

This is Pantaloon Retail (India) Limited, (a Pantaloon Knowledge Group Company) - India’s face of organised retail business.

Presently, in to five lines of businesses – fashion and footwear, food, general merchandise, leisure & entertainment and home – the company operates multiple delivery
formats : the fashion store format under the Pantaloons brand; the showcase seamless mall under the Central brand; the hypermarket discount store format under the
Big Bazaar brand; the food & grocery retail format under the Food Bazaar brand, and apparel stores under Fashion Station.

The Company plans entry in telecommunications retail and other lines of businesses such as wellness and beauty as well as books and music, besides pantalooning a
portal for e-retailing in the near future as another delivery format.

A retailer by karma and a nationalist by dharma, Managing Director of Pantaloon Retail (India) Limited, Kishore Biyani prides in being Indian and advocates ‘Indianness’
as the core value driving his company. He also stresses on the importance on continuous “Introspection” and is a firm believer in learning, unlearning and re-learning all
the time. His passion is ‘observing’ and he enjoys watching Hindi drama and cinema. He is a compulsive reader.

Kishore Biyani shares his views on Pantaloon and the Indian retail sector on Face2face.

fibre2fashion:
Where do you stand in the retailing sector?

Mr. Kishore
Biyani India is still in the nascent stage of organized retailing and is constantly evolving. Pantaloon
Retail (I) Limited is a front runner in India’s modern retail space and we represent fashion
 ,food, general merchandise and other lines of business, through multiple delivery formats,
primarily catering to the lifestyle and value customers.

The company has stores in nearly 30 cities across the country, constituting over 2.7 million
square feet of retail space. The company has also signed close to 10 million sq. ft. of retail
space to be operational by end 2008, which represents 20-30 % of all modern retail space
coming up in the next three years. Over 200 million footfalls are expected in our stores by
2006-07.

I believe that consumption will be the next big driver of India’s economic growth. Rising
incomes and increased exposure to global products and global consumption patterns have
changed the average Indian’s attitude towards consumption and savings.
Consumption = Development. Increased and channelised consumption would lead to the
development of the nation through improved and better infrastructure facilities, greater
employment generation possibilities will emerge with increased consumption, leading to
people wanting to spend more on themselves. This cycle is what will fuel the consumption
boom in the country.

fibre2fashion:
What are the other retailing/non-retailing areas you are looking at?

Mr. Kishore
Biyani We are in the process of constant evolution and firmly believe in creating the present, with
the future in mind. We have only one vision-to capture the highest share of the consumers
wallet.
This is what has led us to believe that apart from our core strengths in fashion, food and
general merchandise, we will operate through various formats in other lines of businesses;
complete home solutions, leisure & entertainment, wellness, communications and financial
products.

We also have two AMC’s. One that specializes in Property and the other is a ‘Consumer
India Fund’. The property fund aims at sourcing high quality property at the lowest possible
rates, while the consumer fund will look at providing our retail pipeline and expertise to
national and regional brands, thereby enabling them with a wider coverage.

fibre2fashion:
Who are your major competitors? What is your share in the market?

Mr. Kishore
Biyani We operate in a competitive environment. For each line of business, we would face
competition from established national and regional companies. In the fashion segment, we
probably face competition from Shoppers Stop, Trent and Lifestyle. The hypermarket
business is relatively new, being just about three to four years old in the country. We face
competition from the likes of RPG (Spencer’s), Trent (Star India Bazaar) and with Shoppers
Stop too indicating their entry into the hypermarket segment. In the Food business, we face
competition from Subhiksha, Food World to name a few.

fibre2fashion:
What is the market and mind share you are looking at in the next five years?

Mr. Kishore
Biyani At Pantaloon we do not look at market shares. Though we have secured 30% of modern
retail space coming up in the next three years, our endeavour is to keep evolving with the
young Indian consumer. As regards mind share, we want all our store formats to capture
the imagination of the target customer.

fibre2fashion:
What are the major trends retailers should expect this year?
Mr. Kishore
Biyani In India, organized retail constitutes about 3% of total retail and is poised to reach 15-20%
in the next few years, which translates into a 40% CAGR. This indicates tremendous
potential for the sector for the next few years.

The future will also see the pantaloon of several new concepts targeted at the Indian
consumer.

Further, retail development will not just occur in Tier 1 cities, but will have far more
significance in Tier 2 & 3 cities as well. The consumption drive would be fueled in smaller
towns and cities.

There would be definite customer responsiveness towards Value Added products and
services in the next few years. Since value retailing touches the mass of the population,
and with organized retailing at about US $ 300 billion at present, value retailing has the
scope to almost double.

fibre2fashion:
Can you do meaningful transactions on the Internet?

Mr. Kishore
Biyani I believe that inspite of online retailing being in its infancy in India, it could provide a
completely new dimension to retail.

There is a new and fast emerging population of customers called ‘Netizens’ who are
spending more time in front of their PC’s. They are increasing by the day and are the ones
who prefer to transact and communicate over the internet.

We looked at this opportunity and hence our likely foray in the E-tailing space.

fibre2fashion:
What do you include in your coverage area? What issues and trends bind them together?

Mr. Kishore
Biyani All our lines of business are consumer centric and I believe that if we are to be in the larger
consumer space, we would need to keep changing, evolving and accordingly be flexible in
our business plans. Consumers are the same everywhere; we are only bound by our social
systems. Their desires, greeds and needs are similar. The value for money proposition is
so ingrained in the Indian consumers mind that he needs to be shown true value all the
time.
Therefore, all our current and future businesses would necessarily have the common
denominator as the consumer.

All our alliances and relationships with many company’s have been built, keeping the
synergies of business and consumer offerings in mind.

fibre2fashion:
How do you go about inspiring your employees to do their best?

Mr. Kishore
Biyani The entrepreneurial culture and spirit prevails in the company, whereby the appetite for
taking risks is encouraged. We believe in learning while doing, and this what has helped us
on our journey. We do not believe in any rigid organizational structure and instead prefer an
organization design approach.

Our employees are completely empowered individuals who are encouraged to think out of
the box, use scenario planning as a tool for quick decision making, adopt design
management as an approach which requires an individual to use both sides of the brain
while evaluating business propositions, etc.

We have been recognized as the most preferred employer in the retail sector. We employ
 close to 10,000 people and recruit nearly 500 additional people every month. We follow the
Balanced Score card approach; a very critical strategic tool while evaluating an individual’s
performance.

fibre2fashion:
What is it that you enjoy most about being in this line of business?

Mr. Kishore
Biyani That in our business, customer decides your fate. To observe them shop and evolve excites
me. I firmly believe that consumption= development and retail will play a role in accelerating
India’s economic growth, and that I want to play a role here. Besides, providing employment
opportunities to hundreds also gives me satisfaction.

fibre2fashion:
What was your biggest break in the retail business?

Mr. Kishore
Biyani There have been pleasant and not so pleasant moments in my journey so far, but we have
learnt from our mistakes and celebrated our successes.
I consider two or three moments as memorable to me. Firstly, the company’s entry into
organized retailing with the first Pantaloon store at Gariahat, Kolkata.
Secondly, the acceptance of Big Bazaar as a fashion value format by the Indian consumer,
across India.
The third possible break for us a company, was when we ventured into cities and towns like
Sangli, Durgapur, Nasik and were surprised to see the rising consumerism there, which
made me believe that retail is not just an urban phenomenon.

ishore Biyani @ BIG BAZAAR - Presentation Transcript

1.
○ Pantaloons

○ Central

○ Big Bazaar

○ Food Bazaar

○ Brand Factory

○ Home Town

○ Furniture Bazaar

○ EZone

○ Electronics Bazaar

○ Lee Cooper

○ Indus League

○ Depot

○ Future Money

2. Have u ever got 2 know, who’s BRAINCHILD all these malls are ……???

3.
○ He is coined as :

○ ‘ Rajah of Retail’
○ ‘ India’s retail CZAR’

○ ‘ The Unstoppable Indian ’

○ 1000 Stores in 71 Cities with 30,000 People Employed.

4. Mr. Kishore Biyani M.D. OF PANTALOON RETAIL(INDIA) LIMITED AND GROUP CEO OF FUTURE GROUP.

5. Mr. Kishore Biyani

○ Born on 9 th August, 1961.

○ Schooling at Manav Mandir High School, Mumbai.

○ Graduated from H.R. College,Mumbai in 1981.

○ Initially joined his Father’s Business.

○ Later started a Yarn Manufacturing Unit.

○ Got Married with Sangeeta Rathi in November, 1983 and have 2 Daughters.

… Rewrite Rules, Retain Values…

6. … Mr. Kishore Biyani…

○ Pantaloon was started in 1987 as “Manz Wear Pvt. Limited”.

○ The first Store on Trial Basis was started in Goa in 1991, so as any failures would be unnoticed.

○ Biyani took the company public in 1992 with its IPO.

○ Then after he started the main store of Pantaloon Retail In Garihat, Kolkata in the year 1997.

○ Today the company has almost 14,000 ShareHolders.

… Rewrite Rules, Retain Values…

7. … Mr. Kishore Biyani…

○ Opened the uniquely Indian Hypermarket format ‘ BIG BAZAAR ’, in 2001.

○ His business houses blends the look, touch and feel of Indian Bazaars with aspects of modern retail like choice, convenience and quality.

○ This was followed by a number of other formats like Food Bazaar, Central and Home Town.

○ He now has about 22 different Retail Formats.

○ In the year 2007 Future Group crosses $1 Billion Turnover mark.

… Rewrite Rules, Retain Values…

8. <<<<<<<His Diversification>>>>>>>>

9. ::: AWARDS :::

○ 2009 :Most Admired Food & Grocery Retailer Of The Year.

○ 2008 :Retail Face of the Year - Kishore Biyani

○ 2007 :Best Employers in India (Rank 14th) – Pantaloon Retail (India) Ltd

○ 2006 :IIM Lucknow Business Leader of the year by Dr.Manmohan Singh in 2006.

10. :::Targets to be Achieved :::

○ The aim is to increase the Retail Business to around 30 Million Square Feet by 2011 as compared to 8 Million Square Feet of now.

○ To become a substantial part of every Indian’s wallet.

○ And to get across 30% of the Population of the entire nation which is now just 8%.

○ And to increase organized Retail from 3% to atleast 18-20% in the next 2 years.

11. Thank You…..

○ Prepared By :

○ K. Avinash Kumar Roll No.734

Future Group India
Future Group India was established in 1994 with a vision to provide diverse services in Indian and Global markets. The business areas of Future Group cover
BPO (Business Process Outsourcing), New Media, Security Management, and Construction. Through their strategic investment and services, the future of
Future Group shows a rising star in the business sky of India.

Future Group India was established in 1994 with a vision to provide diverse services in Indian and Global markets. The business areas of Future Group cover
BPO (Business Process Outsourcing), New Media, Security Management, and Construction. Through their strategic investment and services, the future of
Future Group shows a rising star in the business sky of India.

FUTURE RETAIL:
The retails businesses of Future Group in India are divided into three main categories:
Pantaloon Retail India Limited
The leading retail formats under this include:

○ Pantaloons Stores

○ Big Bazaar

○ Central

○ Food Bazaar

○ Home Town

○ E Zone

○ Depot

○ Health & Beauty Malls

○ Online retail through futurebazaar.com

Joint Ventures with International Brands

○ Indus League Clothing that owns leading apparel brands like Indigo Nation, Scullers and Urban Yoga

○ Galaxy Entertainment Limited that operates Bowling Co, Sports Bar, F123 and Brew Bar

○ French retailer ETAM group, US-based stationary products retailer, Staples and UK-based Lee Cooper.

○ Franchisee of international brands like Marks & Spencer, Next, Debenhams and Guess in India

Indian Joint Venture Partners

○ Manipal Healthcare

○ Talwalkar's

○ Blue Foods

○ Liberty Shoes.

FUTURE CAPITAL HOLDINGS

The financial services of Future Group are taken care by Future Capital Holdings. These include:

○ Asset Management and consumer credit are the prime focus financial services. Around 1 billion USD have been invested in retail real estate and
consumer brands outlets and hotels.

○ Future Money - It is a financial supermarket format providing consumer credit

○ Joint venture with Italian insurance major Genaral Insurance for providing general insurance services.

○ Venture Capital Funds and Private Equity Funds through kshitijfund.com

BPO (BUSINESS PROCESS OUTSOURCING)

Future Group has made major investments in BPO industry as a venture into the Information Technology Enabled services (ITES) industry. Future Group has
subsidiaries offering IT based solutions. These include:
 ○ Language Services

○ Software Development

○ Content Engineering

NEW MEDIA
Future Group has invested in digital media and computer technology for creating innovative and interactive multimedia presentations. These include:

○ Multimedia Production

○ Broadcasting

○ Publishing

○ Designing

SECURITY MANAGEMENT
Future Group is considered as a reliable tailor-made business and security services provider. They develop their own software and machines for security
services. These include:

○ Access Control Systems

○ Time Attendance Systems

○ CCTV

○ Alarm Management Systems

CONSTRUCTION
Future Group bring to you're their past experience in quality construction for building and renovating buildings for leasing to business. Future Group is also
involved in the designing, financing and legal considerations of the project undertaken. The construction activities of Future Group in India include:

○ Leasing

○ Landscaping

The latest business activity of Future Group is an investment of Rs. 140 crores in the next three years in cricket-related marketing. The CEO of Future Group Mr.
Kishore Biyani has planned out association with cricket and to encash the popularity of cricket in India and globally. Future Group has also organized one-day
international cricket series between India and Australia called "The Future Cup".

For any further info about the careers and recruitment procedure at Future Group and details on the annual report or history of the company also refer the
official website of Future Group India.

CONTACT DETAILS:
Dubai Internet City,
Building 2,
Office 105
Dubai, UAE
P.O. Box 500212
Phone: 971 4 3911811
Fax: 971 4 3916868
Email: uae@future-group.com

Pantaloon Retail (India) Limited

Knowledge House,
Shyam Nagar
Off Jogeshwari-Vikhroli Link Road
Jogeshwari (East),
Mumbai 400 060
Phone: 91-22-6753 1400
Fax: 91-22-6644 2222

RETAIL

Retail forms the core business activity at Future Group and most
of its businesses in the consumption space are built around retail.
Future Group’s retail network touches the lives of more than 200
million Indians in 73 cities and 65 rural locations across the
country. The group currently operates around 1,000
stores spread over 16 million square feet of retail space.
Present in the value and lifestyle segments, the group’s retail
formats cater to almost the entire consumption expenditure of a
wide cross-section of Indian consumers.

Led by Pantaloon Retail, the group’s flagship company, the group

manages some of India’s most popular retail chains like
Pantaloons - a chain of fashion destinations, Big Bazaar - a
uniquely Indian hypermarket chain, Food Bazaar - a
supermarket chain that 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 Ethnicity -
India's first concept store, which recreates the experience of a
traditional ethnic market in a modern retail format, Brand
Factory, Planet Sports, aLL,Top 10 and Star and Sitara. The
group also operates India’s most popular online shopping
portal www.futurebazaar.com.
Retailing of products and services related to home building and
home improvement is led through the group’s formats, Home
Town, a large-format home solutions store, along with
specialized formats for home furniture and home furnishing
through, Collection i and Furniture Bazaar and consumer
electronics through eZone and Electronics Bazaar.

The group also operates India’s leading rural retailing

chain, Aadhaarthat is present in over 65 locations in rural India.
Aadhaar, an agri-service cum rural retail initiative, provides a
complete solution provider for the Indian farmer.

Click here for more details on Pantaloon Retail (India) Limited.

Pantaloon Retail (India) Limited, 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 1000 stores across 73 cities in India
and employs over 30,000 people.

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 120 Big Bazaar stores, 170 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 focussed
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 focussed 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.

Future Group

Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, is one of India’s leading business houses
with multiple businesses spanning across the consumption space. While retail forms the core business activity
of Future Group, group subsidiaries are present in consumer finance, capital, insurance, leisure and
entertainment, brand development, retail real estate development, retail media and logistics.

Led by its flagship enterprise, Pantaloon Retail, the group operates over 16 million square feet of retail space
in 73 cities and towns and 65 rural locations across India. Headquartered in Mumbai (Bombay), Pantaloon
Retail employs around 30,000 people and is listed on the Indian stock exchanges. The company follows a
multi-format retail strategy that captures almost the entire consumption basket of Indian customers. In the
lifestyle segment, the group operates Pantaloons, a fashion retail chain and Central, a chain of seamless malls.
In the value segment, its marquee brand, Big Bazaar is a hypermarket format that combines the look, touch
and feel of Indian bazaars with the choice and convenience of modern retail.

The group’s speciality retail formats include supermarket chain - Food Bazaar, sportswear retailer - Planet
Sports, electronics retailer - eZone, home improvement chain -Home Town and rural retail chain - Aadhaar,
among others. It also operates popular shopping portal - www.futurebazaar.com.

Future Group believes in developing strong insights on Indian consumers and building businesses based on
Indian ideas, as espoused in the group’s core value of ‘Indianness.’ The group’s corporate credo is, ‘Rewrite
rules, Retain values.’

Group Websites:

• Pantaloon Retail (www.pantaloonretail.in)

• FutureBazaar (www.futurebazaar.com)

• Future Brands (www.futurebrands.co.in)

• Future Group (www.futuregroup.in)

• Future Capital Holdings (www.fch.in)

• Future Generali (www.futuregenerali.in)

• Future Human Development (www.fhdl.in)

 • Future Supply Chain Solutions (www.futuresupplychains.com)

• Future Media (www.futuremedia.in)

Major Milestones

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.

2005 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.

2006 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.

2007 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.

2008 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.

Futurebazaar.com
 Futurebazaar.com offers the widest range of products at ‘lowest prices – everyday!’

Having pioneered the retailing business in India, PRIL has now decided to revolutionize the consumer e-commerce business in
India. It intends to provide customers with a streamlined, efficient and world class personalized shopping experience, which will
be supported with the best technology platform.

Buying products is a 3 step simple process. All one has to do is Search, Register and Buy. Here you can expect a shopping
experience akin to shopping at an actual bazaar but with added simplicity & everyday low prices and an assurance of 'your
product' will be delivered within 7 days of purchase.

We are proud to inform you that Future Bazaar has been named as the Best Indian Website 2007 in theShopping
category by PC World.

Future Bazaar won the top spot after beating other established players like Rediff, Indiatimes, Sify, ebay, Indiaplaza, Chennai
Bazaar and India Mall. The award was presented to Future Bazaar for its "decent, no-nonsense approach, while providing a good
shopping experience".

Brew Bar

The Brew Bar is a classy and refined; yet reasonable and egalitarian a bar with loads of bonhomie!

The concept is presented in a rugged style that gives the feel of a local tavern, where you can pamper
yourself with over 15 brands of domestic and imported beer.

A neat glass-top bar allows you to select your preferred brands from a display of bottles comfortably stashed
into crushed ice!

Beers-on-tap, great beer-smothered snacks and set meals also form part of the menu.

Brew Bar is located at:

Address: 17 C&D High street Phoenix

462 Senapati Bapat Marg, Lower Parel
Mumbai 400 013

Phone No. : 022-2491 4000

Copyright Pantaloon Retail (India) limited 1997- 2010 l Legal | Site Map | Search

Cafe Bollywood

Cafe Bollywood brings to you the flavour of Bollywood served on a platter.

Cafe Bollywood is a national chain of eateries that serve fast food at delicious prices. Located in
and around our various formats these joints carry a distinct Bollywood flavour that reflects in the
ambience and the offerings.

Mouth-watering Indian street food, burgers, pizzas, juices and lots more, served in a traditional
‘chaat-bhandaar’ like atmosphere make this place absolutely irresistible. The smell and the sounds
of the food being prepared add to the ambience of the place.

The hygiene levels are maintained high while the prices lie low. So next time when you’re out
shopping, don’t forget to grab a bite at PRIL's very own Cafe Bollywood.
Food Bazaar

Ab Ghar Chalaana Kitna Aasaan

Food Bazaar invites you for a shopping experience, unique by its ambience. At Food Bazaar you will find a hitherto unseen blend of a typical Indian Bazaar and
International supermarket atmosphere.

Flagged off in April’02, Food Bazaar is a chain of large supermarkets with a difference, where the best of Western and Indian values have been put together to
ensure your satisfaction and comfort while shopping.

The western values of convenience, cleanliness and hygiene are offered through pre packed commodities and the Indian values of "See-Touch-Feel" are
offered through the “bazaar-like” atmosphere created by displaying staples out in the open, all at very economical and affordable prices without any
compromise on quality.

The best of everything offered with a seal of freshness and purity will definitely make your final buying decision a lot easier.

Sports Bar

A bistro focused on the world of sport, the Sports Bar is complimented with an unrivalled
ambience. With features like giant screen, regular television sets, a basketball court, pool tables,
punching bags and dart boards, you will feel the adrenaline rush that only a true sports
enthusiast can describe.

Prominent sports celebrities like Kapil Dev, Sunil Gavaskar, Anil Kumble, Rahul Dravid, Leander
Paes, Mahesh Bhupati, Bhaichung Bhutia to name a few have honoured the Sports Bar with their
presence.

With a seating capacity of over 85 covers, the bar is open 7 days a week and is well stocked with
a range of domestic and imported spirits, beers and wines.

Happy Hours and regular promotions and events, keep the bar abuzz with activity.

Regular screenings of great sporting action and events makes this bar an interesting and exciting
place to spend time at.

Sports Bar is located at:

Address: 17 C&D High Street Phoenix, 462
Senapati Bapat Marg, Lower Parel
Mumbai 400 013

Phone No. : 022-2491 4000

Address: Sports Bar Express (Ceeze food)

Regal Cinema Bldg. S. B. S. Road
Colaba, Mumbai 400 005

Phone No. : 022-5639 6681 / 82 / 83 / 84

aLL

a little larger

They say, “the bigger the better”!

Gone are the days, when fashion and plus size didn’t quite fit into the same bracket. With fashion becoming more than a luxury, it is only inevitable that
everyone gets a fair share of fashion. True to its philosophy of everything for everyone; Pantaloon brings to you ‘aLL- a Little Larger’, the first exclusive
format dedicated to the fashion needs of plus size men and women in the country.

aLL houses a wide range of ready-to-wear fashionable clothes and accessories that are otherwise not easily available for plus size customers. aLL brings forth
a wide collection of stylish clothing to select from, be it Western wear, Indo-western or Ethnic wear in both Formal and Casual categories. aLL also offers
matching accessories like belts, ties, and handbags in a perfect size and fit.

What stands out at ‘aLL’ is the merchandise that has been designed and tailored keeping the fashion sensibilities of Indian customer in mind. The clothes are
fashionable yet conservative, while the product mix undergoes many cycles and changes, depending on the needs and requirements of customers.
Please click here to view pictures of our latest aLL collection.

Our stores are aesthetically and sensitively designed to cater to this niche set of customers who love the open wide spaces, clean cut lines, pastel colours that
make up the inviting store layout and the even more remarkable customer friendly staff that are present to assist them in every way.

So go on, shop big and shop for big, coz fashion just got a little larger!

Click here to find out where you can shop at the aLLclosest to you.
Big Bazaar

Big Bazaar is not just another hypermarket. It caters to every need of your family. Where Big Bazaar scores over other stores is its value for money
proposition for the Indian customers.

At Big Bazaar, you will definitely get the best products at the best prices - that’s what we guarantee. With the ever increasing array of private labels, it has
opened the doors into the world of fashion and general merchandise including home furnishings, utensils, crockery, cutlery, sports goods and much more at
prices that will surprise you. And this is just the beginning. Big Bazaar plans to add much more to complete your shopping expereince

Blue Sky

Watches & Sunglasses

Blue Sky is a national chain of stores offering a wide selection of branded and private label sunglasses and watches.

Blue Sky has been designed to address an exciting and growing market for accessories. Customers get a wide and interesting collection of fashion brands from
across the world as well as from the company’s exciting range of private label watches, namely, Cube, Koenig, RIG, Lombard & UMM.

Blue Sky as the name suggests is designed at providing a soaring experience, and thus has innovative interiors that will transport one to a world of flying.
From a model Bi-plane hanging from the ceiling to blue-sky effect windows, the store is an experience that will have shoppers coming back for more.

Brand Factory

Brand Factory brings to the Indian consumers the promise of revolutionizing value shopping by offering the best Indian and International
brandsat Smart Prices

Brand Factory promises its customers that value shopping is not about seconds’ experience, it’s not about a garage sale environment and it’s not about
buying cheap. Instead, it’s all about an amazing experience of‘Buying Smart’.

The thought behind Brand Factory is to raise the bar of expectation and experience when it comes to ‘Brand + Bargain Shopping’. Over the years Factory
Outlets have become distinct shopping destinations with distinct audiences. With fashion cycles reducing, larger quantities of stocks are reaching factory
outlets. But then what gets compromised in the process is the brand and its image.

The emphasis at Brand Factory is to offer the customer the widest range of brands and categories possible at absolutely great prices, in an ambience that
befits the brand. Brand Factory presents the brands in a fully air-conditioned, slick environment varying between 70,000 to 1,50,000 square feet.

The stores offers a wide range of products including apparels for men and women; infant wear; accessories; cosmetics; footwear; sportswear, luggage; home
linen and much more.

Brand Factory hosts several Indian and International fashion brands including Levis, Pepe Jeans, Dockers, Wrangler, ProVogue, Arrow, Nike, Adidas, Reebok,
Louis Phillip, Allen Solly, Reid and Taylor, Gini and Jony amongst others.

Celio
Founded in 1978, by Marc and Laurent Grossman, today Celio is a market leader in men's ready to wear clothing in France. Its flag ship store, located in
Paris’s Champs Elysee, is spread over three levels.

In addition it also has a presence in Europe, Russia, UAE, Singapore and now in India through a joint venture with the Future Group.

Brand Character Celio’s five brand pillars are:

Masculinity: Celio offers a space dedicated to men, with a Latin-inspired fashion that is virile, relaxed and sensual.

Seduction: The Celio style means quality, a variety of colours and cuts, sophistication and discretion.

Openness: A strong value that encompasses respect for others, well being, manners, altruism, sharing and dialogue.

Generosity: An accessible, affordable, borderless, urban, honest brand offering good value for money.

Service: Celio supports men, helps them to find direction and gives them the keys to fashion.

Core Target Audience

Typically a 30 year old guy who works and lives in the city. He buys clothes because he’s fashion-conscious, without being a slave to fashion. He enjoys nice
clothes because he likes to be comfortable and look appealing.

Celio, as an international brand, has to adapt to this guy's specifics (where he spends his money, whether he has a lot of money or a little, whether he’s large
or small, whether or not he likes to be given advice, whether he likes such and such style, colour and whether he has a preference for casual, sportswear or
city wear).

Product
Specialists in men’s ready-to-wear, Celio offers its customers trousers, shirts, sweaters, t-shirts, polo-shirts, suits, jackets, belts, ties and boxer shorts.

A fashion collection, reinterpreted every season in order to remain the most innovative, structured around our three categories - Sportswear, Casual and
Business.

The brand is retailed through exclusive brand outlets (EBOs) and select stores of Pantaloons and Central.

Central

Shop, Eat and Celebrate

Launched in May'04 at Bangalore, Central is a showcase, seamless mall and the first of its kind in India. The thought behind this pioneering concept was to
give customers an unobstructed and a pure shopping experience and to ensure the best brands in the Indian market are made available to the discerning
Indian customer.

Central offers everything for the urban aspirational shopper to shop, eat and celebrate. Located in the heart of the city, Central believes its customers should
not have to travel long distances to reach us; instead we must be present where customers frequently visit.

Central houses over 300 brands across categories, such as apparel, footwear and accessories for women, men, children and infants, apart from a whole range
of Music, Books, Coffee Shops, Food Courts, Super Markets (Food Bazaar), Fine Dining Restaurants, Pubs and Discotheques. The mall also has a separate
section for services such as Travel, Finance, Investment, Insurance, Concert/Cinema Ticket Booking, Bill Payments and other miscellaneous services. In
addition, Central houses Central Square, a dedicated space for product launches, impromptu events, daring displays, exciting shows, and art exhibitions.
Central is an integral part of the city and in the long run a City should become part of CENTRAL!

In a short span of its existence Central has revolutionized and redefined the shopping experience in India. At Central, customers no longer only shop, they get
SHOP-ATAINED!

We invite you to experience this irresistible retail destination at Bangalore, Hyderabad and Pune cities.

Ethnicity

India’s First Modern Ethnic Retail Brand

Ethnicity is the first concept store in India to offer everything Indian under one roof. Ethnicity celebrates Indianness through its diverse designs and products.
It showcases a wide range of brands from across the country.

At Ethnicity, one gets the best and the very latest of the Indian ethnic and fusion brands. It offers a vast array of products under various categories including
fashion, home décor and handicrafts.

Ethnicity proudly follows the Indian values of being sensitive to our city, environment and community. It provides a platform to bring together traditional or
ethnic retailers to the customers. It does so by collaborating with the former, and leveraging their expertise.

It recreates the experience of a traditional ethnic market in a modern retail format and is an aggregator of the multi-faceted ethnic merchandise and
traditional selling practices. It revives and rejuvenates anything and everything that is Indian. It aims to truly open out the urban ethnic market and redefine
the scale of ethnic merchandising.

Ethnicity is a journey that takes its inspiration from the markets and temple streets of Benaras. It is colourful and vibrant, inviting and seducing, native yet
innovative, auditory and aromatic experience!

Like a dip in the Ganges, Ethnicity is a ‘toe-dipping’ experience, where the customer slowly finds herself drawn into the store one step at a time, till she is
completely immersed.

As part of the ideation process, the different product categories within the store were defined, and they have accordingly been named with an Indian flair.

Chota India
A colourful section for kids. Ethnic wear, party wear and accessories are the highlights of this space.

Sona Chandi
Costume jewellery, fashion jewellery and semi precious jewellery for the woman.

Ghar Aangan
Everything Indian that one could need for their home! From puja ka samaan to bed linen - you will find it all here.

Thoda Aur
Accessories and more!

Manch

A manch where the celebrations, promotions, special products, even artisans gather.
Fashion@Big Bazaar

Fashion@Big Bazaar aims to dispel the myth that fashion comes with a steep price tag. With fashion apparel and accessories for all age groups across
categories like men, ladies, kids and infants, Fashion@Big Bazaar is the fashion destination for all.

Be it office or casual wear; festivals or weddings, Fashion@Big Bazaar has apparel for every occasion. And what’s more, it makes fashion available at
affordable prices.

Fashion@Big Bazaar has developed many in-house brands that cater to every age group and category.

The format sells brands for both men and women including DJ&C, Knighthood, AFL for men Shrishti, DJ&C and Haute n Spicy for
women. Shrishti andShatranj are ethnicwear brands.

For kids, we have brands such as Pink n Blue, Ctee, Princess and the Power Rangers and Cars film fashion merchandise line to caters to kids needs.

The format also retails international and national brands like Signature by Levis, Lee Cooper, Palm Tree by Gini & Jony, Lilliput and Juno.
Fashion for Big Bazaar is not just about brands, but it is also about customising apparels for a diverse country like India. These ranges are created exclusively
for fashion@bigbazaar by a dedicated team of experienced designers, bringing out the latest fashion at most attractive prices from high quality fashion fabrics
and keeping in mind the colour forecast for the season to suit to the tastes of its customers spread across the country.

Fashion@Big Bazaar are found as cut-ins within all Big Bazaar stores, as well as some stand alone stores.

Lee Cooper

legacy of 100 years combined with best fabrics, coolest fits, most amazing washes and the finest quality denims, that’s what Lee Cooper is all about.

Founded in 1908 by Morris Cooper, Lee Cooper is one of the original denim brands in the world today. Since inception, Lee Cooper has been at the forefront of
British and European fashion for decades leading trends, developing innovations and driving youth culture. Already distinguished from its American
counterparts as ‘the Great British and Original European Jeans’ brand, Lee Cooper is now in India, as Lee Cooper India Ltd.

In India, the brand maintains its global promises of offering exceptional young products supported by a communication message that mixes fashion, sport and
entertainment, enhanced by fantastic product images. Regarded as a brand that is fun to wear and be associated with, Lee Cooper offers the entire range of
lifestyle products in the fashion category for young men and ladies.

The brand is distributed through exclusive brand stores and large format stores such as Central, Pantaloons etc. The casual wear range includes jeans,
shirts, T-shirts, shorts, non-denim trousers, sweaters, sweatshirts, capris etc. The lifestyle brands from Lee Cooper include:

• Lee Cooper: Men and women.

• Blue Diamond: An exclusive casual line for men and women for the Indian market.

• Lee Coopers Juniors: For boys and girls between 4-14 years.

Lee Cooper through Famous Basics offers a great range at affordable prices without compromising on the quality. You can find a range of Men’s shirts, knits
and denims, as well as women’s range of shirts, knits and denims. These are available at all Big Bazaar andFashion@Big Bazaar stores.

In India, the company also markets Lee Cooper sunglasses and eyewear.

Over a period of 100 years, Lee Cooper has established a cult following amongst people from all spheres of life. Shoppers can get a glimpse of Lee Cooper’s
much revered past at their exclusive stores, which showcase the magical and nostalgic moments of the journey of the brand, right from its inception till date.

Navaras

Jewellery for all emotions and occasions

Navaras, a fine 22 carat pure gold and diamond jewellery brand, retailed from Big Bazaar stores, offers nine unique rational benefits to the consumer namely
– BIS Hallmark jewellery, free cleaning and polishing, insurance cover against theft and burglary, transparent making charges, a buyback if unsatisfied, 0%
weight loss if jewellery is exchanged, diamond certification, free karatmeter check and a range of designs.

The Navaras product range and store look is in keeping with the needs of contemporary women. It is emotions and occasions that lead women to buy
jewellery, they buy jewellery to express emotions like pyaar (love), during occasions like tyohaar (festivals) and asuphaar (gifts). Navaras jewellery has
been conceptualised with this thought - jewellery for all emotions and occasions.

Future Group has revolutionized the Indian jewellery market with the launch of Navaras, which offers branded, pure and design differentiated jewellery at
competitive prices in a hypermarket set-up in line with the evolving buying behaviour of consumers. The rationale behind this is that with higher disposable
incomes, for consumers today gold and other jewellery purchases too have become impulsive buying activities. Hence, Navaras within Big Bazaar.

But, certain criteria still remain constant like carat, price, trust and purity – all strong deciding factors while purchasing jewellery. Thus, the format’s brand
positioning and offerings have been tailored to suit the modern day consumer.

Navaras offers a complete fine jewellery shopping experience, despite being within the confines of a hyper market. This is ensured by the segregation of the
Navaras section via glazed glass walls to provide a comfortable and secluded ambience. The sit-down arrangement, as opposed to stand alone counters,
further ensures that shoppers try out the Navaras products in a peaceful and comfortable environment before they make their final shopping decision.

Pantaloons

Celebrate the Fresh Look, Fresh Feel & Fresh Attitude at Pantaloons Fresh Fashion !

Fashion is all about the now. Why, then should people not see a fresh look every time they walk into a Pantaloons store? That is the thought behind 'Fresh
Fashion'. An idea that has captured the imagination of young India. With a focus on the youth of today, Pantaloons offers trendy and hip fashion that defines
the hopes and aspirations of this demography.

Pantaloons Fresh Fashion stands out as a fashion trendsetter, on the lines of how fashion is followed internationally. The ‘look’ and ‘what’s in’ today for the
season is sacrosanct.

Pantaloons takes its promise of 'fresh fashion' very seriously making available to its customers the latest in fashion every week!

All Pantaloons stores reflect the new ideology -- Fresh Feeling, Fresh Attitude, Fresh Fashion. The stores offer fresh collections and are visually stimulating
thanks to appealing interiors and attractive product display!

The first Pantaloons was opened in Gariahat in 1997. Over the years, it has undergone several transitions. When it was first launched, this store mostly sold
external brands. Gradually, it started retailing a mix of external brands while at the same time introduced its own private brands. Initially positioned as a
family store, it finally veered towards becoming a fashion store with an emphasis on 'youth' and clear focus on ‘fresh fashion’.

Today, the fashion store extends to almost all the major cities across the country. Pantaloons has established its presence with stores not just in the metros,
but also in smaller towns.

Pantaloons stores have a wide variety of categories like casualwear, ethnicwear, formalwear, partywear and sportswear for Men, Women and Kids.

Planet Sports

India's largest multi-brand sports and lifestyle speciality retail chain, Planet Sports offers the largest collection of International sports and lifestyle brands.
Planet Sports stores have extensive offerings for sportswear and equipment across all categories including running, tennis, training, golf, fitness, basketball,
motor sports as well as other lifestyle products.

Also available at the Planet Sports stores are lifestyle products across categories like footwear, apparel, accessories and sports equipments.

Planet Sports prides itself for the sports expertise it has built over time and also for having introduced renowned brands across sports categories like
swimming, tennis, squash, badminton, soccer, golf and basketball. Its brand portfolio includes leading sports brands like Converse, Speedo, Wilson, Prince,
Callaway, Spalding, Airwalk, Adidas, Puma, Nike and Reebok.

One of the most preferred destinations for sports lovers as well as avid sports professionals, over time, Planet Sports has become an ideal conduit for the
latest in global trends in the sports and lifestyle segment.

The aim of the company is to be the most admired sports player in a multi-sports, multi-product format and to augment India’s sports culture. Planet Sports
strives to provide integrated, reliable and cost efficient sports offerings to Indian consumers. At the core of Planet Sports lies its consistent endeavour to
innovate, ideate and the essence is well reflected when they say “For the Sports called Life.”

A home is a space away from the world, a comfort zone. Therefore, the process
of setting it up should be equally comfortable and convenient.

HomeTown, a unique, first of its kind home improvement retail format in India, is a one-
stop destination for complete home-making solutions. It provides consumers, all
that goes into building a house and everything to make it a ‘Home’, all under one roof.

It offers a home making experience that is democratic, hassle free and convenient, with
an array of home products and services of skilled technicians. All of this comes with
service and product warranties and great affordable prices.

HomeTown’s range of products include:

• Furniture

• Bath and Sanitary Ware

• Modular Kitchens

• Paints and Wallpaper

• Tiles and Wooden Flooring

• Carpentry and Hardware

• Electricals and Decor Lighting

• Electronics

• Furnishings and Accessories

The format also offers a one of its kind Design and Build service, which encompasses
experienced designers who help design the home, and a team of skilled technicians for
services like carpentry, flooring and tile installation, plumbing, sanitary ware installation,
painting and wall paper, electrical fittings and much more. Design and Build is flexible,
transparent and easy on the pocket.

Browse through our catalogues for extensive solutions for your home
 HomeTown
Monthy Catalogue 5.19 MB Download
Nov 2010

HomeTown 4.32 MB
Booklet Download

5.43 MB
Design & Build Catalogue
Download

Kitchen Planner Catalogue

Download
(html version)

2.85 MB
Kitchen Planner Catalogue
Download

5.43 MB
Home Building Catalogue
Download
 EXPERIENCE ELECTRONICS

Sight, Sound, Smell, Taste and Touch.

Bring all your senses alive for a “never before” shopping experience at eZone, the electronics specialty store that offers a wide
range of leading consumer durables & electronics brands, to meet the electronics needs of the entire family.

eZone, with the catch phrase ‘experience electronics’ is an experience led lifestyle format that brings together the best in
national and international consumer electronic and durables brands in a family-centric environment.
Typically in excess of 12,000 square feet in size, an eZone store truly enables you to experience electronics, through three
dedicated zones -Liberation Zone, Experience Zone and Home Zone.

The Liberation Zone offers personal products like computers, laptops, handy cams, MP 3 players and mobile phones. While
entertainment products such as Plasma / LCD, Flat TV’s, Home Theatre systems, DVD players, and Stereo systems are displayed
in the Experience Zone. And in the Home Zonesegment, one gets to pick electronic goods of his or her choice including
Refrigerators, Air Conditioners, washing machines and Microwave ovens among other kitchen related appliances.

eZone is not only about showcasing electronics products and gadgets, but providing you with a complete shopping experience
through touch & feel, allowing you to pick and choose from an array of best of brands under one roof. eZones are primarily stand
alone concepts, but are also present within the Central malls.

E-Care - the special post-purchase customer

service support
eZone also offers an unparalleled service and support through the special ‘E-Care’ customer support centre. E-Care is a special,
dedicated support system designed to offer the best customer service after purchase of any product at EZone.

Furniture Bazaar is the specialty Furniture & Home Décor Store that attempts to
democratize the process of home decoration by offering the trendiest Indian and imported
products at the most affordable prices.

Located within most Big Bazaar stores and as stand-alone outlets, it offers a complete
range of quality furniture, modular kitchens, lighting, furnishings, crockery and home
accents at affordable prices. The store provides a live display of living rooms, bedrooms &
modular kitchens with furnishings and accessories to provide customers a first hand look
and feel of how the furniture would look in their homes.

Sourced from various international destinations, the store caters to the furniture and
home décor needs of your entire family.

At Furniture Bazaar you will find the a live display of living rooms, bedrooms & modular
kitchens with furnishings and accessories to provide you a first hand look and feel of how
the furniture would look in your home.

Click here to find out where you can shop at theFurniture Bazaar closest to you.

For feedback write to us: feedback@home-solutions.co.in

Copyright Pantaloon Retail (India) limited 1997- 2010 l Legal | Site Map | Search

Home Bazaar

‘Home Bazaar’, is a satellite version of its national home making and improvement retail brand Home Town. Home Bazaar is
an amalgamation of the value-lifestyle so appears eminently approachable to the budget-buyer, the aspirational customer as well
as the lifestyle-driven customer.

Home Bazaar will provide consumers with all that goes into building a house and everything to make it a ‘Home’. Home Bazaar
offers consumers choice and variety under one roof with expertise from a specialized team.

Each Home Bazaar store would ideally be spread over an area of 35,000 sq.ft. and will cater to the specific needs of the
customer along with ‘Value Benefits’. Home Solution Retail plans to take this model to other parts of the country, mainly in the
category B and C cities.

Home Bazaar will have displays of various room settings such as living room, dining room, bedroom, kids' room, kitchen &
bathroom. Customers will get to select from a range of products like sofa sets, dining tables, beds, kids furniture, electronics,
kitchen fittings, bathroom fittings, furnishings, mattresses, paints, tiles, electrical fittings, decor lighting, plywood, etc. Home
Bazaar will also have a services section catering to specialized services like plumbing, electrician, painter, carpentry etc.

Home Bazaar will display products from all major manufacturers from India and abroad. Customers will be given price, service
and product warranties.
Collection i is a lifestyle furniture retail format that is built on the concept of Ideas for good living. Positioned as a complete
‘lifestyle’ solutions offering, for the homemaker, Collection i stores are designed to showcase the best of furniture in the segments
of Living and Dining, Bedroom, Modular Kitchens and Childrens’ furniture.

Today, customers have greater sensitivity towards the look of their home. For them, Home is no longer just an indicator of
status; it reflects their interests, lifestyle, global outlook and multi-dimensional personalities. Collection i provides solutions that
meet this evolving lifestyle by offering products which are in-sync with the latest international home-making trends, designs,
sizes, choices, special features and configurations.

Collection i is positioned to sell complete solutions for the homemaker as opposed to selling individual products. As such, the
store provides a live display of living rooms, dining rooms, bedrooms & modular kitchens with furnishings and accessories to
provide customers a first hand look and feel of how the furniture would look in their homes. Collection i also provides the
customers the flexibility of adding or substituting accessories and accents to the display, thereby creating their own ideas for their
home.

In-house designer
Collection i has an in-house designer available to help you mix and match furniture, furnishings and accessories to create those
perfect rooms. This service is offered free of cost to customers.

Helpful Post-Purchase Support with one year warranty

Collection i also offers a dedicated support personnel for installation of the furniture and complete support and service back up.
Post purchase support and the one year warranty will ensure a hassle-free post-purchase experience for you.

Gen M

Gen M, as the name suggests, is for the young and the hip.

Gen M follows the core idea of ‘Celebrating the Individual’ by offering a whole array of the latest and the best in gadgets and gizmos to tech junkies.

Trendiest mobile phones, accessories, download kiosks, airtime recharges etc; are some of the offerings Gen M has, but the most striking feature is the
vibrant and young ambience of these outlets that reflects in the design and the products, that focus on gaming, chat, music, video etc.

Gen M will offer exactly what the tech-junkies need and that too at ground breaking prices.

Gen M will be located as stand alone islands in mall atrium or as islands in large stores such as Pantaloons, Central Mall, Fashion Station etc.

One Mobile

Latest Technology, Lowest Price.

One Mobile is the first and one of its kind concept offering comprehensive solutions to satisfy the knowledge, entertainment and communication aspirations of
Individuals.

A value seekers haven, One Mobile offers latest technologies at fantastic prices. The product basket offers everything from airtime recharges, mobile
accessories, swanky brands in mobile phones, landline instruments, blue tooth accessories, fashionable mobile trinkets and much more.

Present as a part of Big Bazaars, these retail points are unique in character by their warm presence combined with the cutting edge branding.

The counters are specially designed to give the customers an easy access to all the products thus making it a hot spot for all the tech enthusiasts

M - Port

Walk into the ever-progressive world of technology and super brands. M-port is a one-stop shop for everything that you need to
fulfil your home and I.T. needs.

M-port is essentially a branded national chain of stores with world-class brands like Lenovo, HP and Canon.

Lifestyle products like digital cameras, car phone accessories, trendy cellular handsets, personal gadgets are a part of the entire
gamut of products available and if that is not enough, the prices are to die-for.

In addition to these products there are a host of services on offer. Freeze the best moments at our picture development kiosks, pay
your bills, download at fastest speed and pass your time with the best electronics and self-help books and magazines.

M-ports are present as standalone stores in malls and high streets and as shop in shop in larger formats.

Brand Factory

Brand Factory brings to the Indian consumers the promise of revolutionizing value shopping by offering the best Indian
and International brandsat Smart Prices

Brand Factory promises its customers that value shopping is not about seconds’ experience, it’s not about a garage sale
environment and it’s not about buying cheap. Instead, it’s all about an amazing experience of‘Buying Smart’.

The thought behind Brand Factory is to raise the bar of expectation and experience when it comes to ‘Brand + Bargain
Shopping’. Over the years Factory Outlets have become distinct shopping destinations with distinct audiences. With fashion cycles
reducing, larger quantities of stocks are reaching factory outlets. But then what gets compromised in the process is the brand and
its image.

The emphasis at Brand Factory is to offer the customer the widest range of brands and categories possible at absolutely great
prices, in an ambience that befits the brand. Brand Factory presents the brands in a fully air-conditioned, slick environment
varying between 70,000 to 1,50,00 square feet.

The stores offers a wide range of products including apparels for men and women; infant wear; accessories; cosmetics; footwear;
sportswear, luggage; home linen and much more.

Brand Factory hosts several Indian and International fashion brands including Levis, Pepe Jeans, Dockers, Wrangler, ProVogue,
Arrow, Nike, Adidas, Reebok, Louis Phillip, Allen Solly, Reid and Taylor, Gini and Jony amongst others.
KB's FairPrice

‘KB’s FairPrice’ are neighbourhood stores, spread across an average area of 1,000 to 1,500 sq. ft. These are simple but modern, self service ration shops.
These stores retail only 300 essential products, at simply the lowest prices in town.

A cluster approach is used to open these stores, as it helps build awareness in the locality. Costs for logistics, transportation of products to the stores etc.,
also get spread out in a similar fashion.

KB’s FairPrice are no frills stores. They are not air-conditioned, products are displayed in cartons and not even the ubiquitous shopping bag is provided free of
cost to shoppers. This format with a tagline “Bachat Hi Bachat” (Savings and Savings), is structured in a fashion that allows it pass on maximum savings to
the customers.

KB’s FairPrice, with its innovative pricing and locations, is a completely new face of modern retail touching the lives of scores of people.

Shoe Factory

Amazing Choices Amazing Prices

Shoe factory brings with it a fresh experience in footwear retailing. A value format, to the core, Shoe Factory offers a huge range
to choose from. Be it any brand, any size or for any occasion you will find it all here.

Shoe factory showcases a wide range of the latest and trendiest footwear and accessories, at great prices.

Flagged off in 2006, in Ahmedabad, Shoe factory will soon be seen in other towns and cities bringing with it a new chapter in
footwear retail.

When at a shoe factory store, you are bound to notice the simplicity of navigating through well-defined zones for Men, Women
and Kids footwear. Even the display is by Style, by Brands and by Size, ensuring that shopping for footwear becomes easy and
fun.

Bowling Co.

There is something for everyone at this state-of-the-art premium family entertainment centre,
offering multiple, novel and unique leisure and entertainment options.

20 championship-play bowling lanes and a huge video arcade are some of the unique features
that you can witness here.

Bowling Co. is located at:

Address: 17 C&D, High street, Phoenix

462 Senapati Bapat Marg, Lower Parel
Mumbai 400 013

Phone No.:022-2491 4000

F 123

An entertainment zone, F 123 is a leisure solution for all age groups.

F 123 offers a wide range of gaming options ranging from bowling and pool to
redemption and interactive video games to bumper cars besides fun foods and services
for junior and adult banqueting.

F 123 aims to put an end to the value seekers quest for leisure and entertainment. The
sheer number of entertainment options offered at F 123, will make you keep coming
back for more.

Its 1st venture located on the buzzing M.G. road, Indore in the prestigious Treasure
Island Mall is touted as the 1st of its kind in Central India. Following the success of
this first venture, F123 will soon make its presence felt in other major cities.

F 123 is located at :

Address : F 123, 3rd Floor, Treasure Island

39 M G Road, 11 Tukoganj
Indore 400 001

Phone No.: 0731-420 6080

Salon & Beauty Parlour

Star & Sitara, a unique beauty salon for men and women, introduces many new features and products for the first time in India. At Star & Sitara we aim to
democratise salon services for easy access to all and deliver quality service at very affordable prices

‘Star & Sitara’, evokes a theme of Bollywood and promises to make you a Star (Sitara in Hindi)! Glamour as a theme is an essential ingredient in the world of
cinema and we do not disappoint you on that note. The space, décor, lighting is reminiscent of movies and will transport you from the ordinary world to that
of the ‘reel’ world.

Star & Sitara provides all skin and hair related beauty service. The salon is spacious and the atmosphere relaxed. Men, women and children can easily find a
service to cater to their need. But the focal and niche element of our salon is the affordable and attractive pricing.

For the first time in the country, a “Wax Bar” with different flavoured waxes that promises a painless wax for women is being introduced. The salon uses oil
based wax instead of sugar based to make the experience better than what it is traditionally done. The ‘wax bar’ also provides for flavours to choose from like
chocolate, almond, green apple, strawberry. This makes sure that you smell good and look forward to the otherwise painful wax sessions. Surely a mini
revolution!

We also pride ourselves on our expertise in consultation on being able to find the perfect style to suit you and your lifestyle. Whether you are a dedicated
follower of fashion, fancy a change of style or simply want to enhance your current style we help in getting you there. We boast of a team of talented stylists
and skin specialists. These beauty consultants also individualize each treatment keeping in mind that every individual is different.

One visit to Star & Sitara is all it will take to make you one of our regular customers so come visit us today!

Fit & Healthy

Fit & Healthy section housed within Big Bazaars and Food Bazaars all over India allows you to
enjoy the convenience of having your health needs fulfilled while you shop.

Fit & Healthy is your one-stop source for health tips, information, advice & products.

Specialty products and other services

• Diabetes care

• Healthy lifestyle

• Home diagnostic equipment - BP monitors, weighing scales, thermometers, test kits

• Health food - protein supplements, minerals and vitamins

• Orthopedic Supports

• Over the counter medication

• Alternative medicine - Ayurveda and Homeopathy

• Dental care

• Health camps

• Specialty Skin Care

• Health Consultation

Fit & Healthy - Discover Healthy Living

In association with HELP library we offer you free medical advice. You may post any health related queries to us for our advice and we will be glad to help
you.
 Please click here for Free Online Health Advice

HELP - the Health Education Library for People, the world's largest patient education library was established in 1997 to empower people by providing them
with the information they need to promote their health, and prevent and treat medical problems in the family in partnership with their doctor.

Disclaimer: The aim is to enhance knowledge through the judicious use of relevant and researched information and thus to empower our readers on their
own journey towards health and wellness. It is intended to inform and educate and is not a replacement for medical evaluation, advice, diagnosis or
treatment by a health care professional.

First Aid Ayurveda Kit/IBP & Dr Morepen Digital Thermometer

Now purchase a First Aid Ayurveda Kit: MRP Rs. 295/- at an offer price of Rs. 199/- only.

Also available, IBP & Dr. Morepen Digital Thermometer: MRP Rs. 175/- at an offer price of Rs. 99/- only.

Offer available at all Fit & Healthy outlets till stocks last.

Click here to find the Fit & Healthy store closest to your home.
 Depot

Books, Music & Gifts

Depot is one of the youngest brands from the Pantaloon stable and is a tribute to our freedom of thought, speech and expression shared in a novel fashion
with customers as books, multimedia, toys, stationary and gifts.

Depot is all about freedom and democracy and this is reflected in the relaxed manner in which products are displayed, the affordable pricing, the strong local
flavour, the young, lively and interactive store experience, that are all designed in a way to liberate these categories and transform the way they are bought,
sold and perceived in India.

At Depot, book lovers are offered a range of books that meet the needs and preference of every age group. From fiction to general reference, management
and children’s material, you will find it all at Depot.

Music buffs are invited to select from a wide category of music CDs and cassettes spanning all genres like Rock, Pop, Hindi, Indipop and more. For the movie
enthusiasts out there, we have a great selection of home videos (VCD and DVD) and multimedia (CD-ROMs).

Depot Store also has an attractive selection of gifts (candles, mugs, photo frames, themed packs) toys and stationery (office, children’s and fancy stationery)
ensuring this is a one-stop shop for everyone and anyone who plans to gift their loved ones.

At Depot we endeavour to give our customers an Indian experience where we celebrate and give due importance to regional literature and music. In this
regard, Depot aims to become a strong member of the local communities it operates in through a variety of events, engagements and social initiatives and we
will be happy to keep you posted on these activities from time to time.

Depot is a lively, colourful, vibrant and happy retail space, which we hope you will visit in the near future. Inviting Reading Corners where you can be
comfortable with a book of your choice and an Interactive Zone where you get to try out new board games, read new books, check out new toys and browse
at the Interactive kiosk, await you at Depot.

Click here to find out where you can shop at the Depotclosest to you.

"We never created a group identity in the past...We cannot be known as Pantaloon. It was originally a trouser brand."1

- Kishore Biyani, CEO, Future Group, in May 2006.

"While Biyani has ambition combined with street smartness, his business model could choke if there is inadequate funding. He has to be careful
about cash flows."2

-Arvind Singhal, Managing Director, KSA Technopak,3 in March 2006.

A New Identity

On May 23, 2006, Pantaloon Retail (India) Limited

(PRIL) announced that it had signed an agreement
to form a joint venture (JV) with the Italy-based
Generali Group4 (Generali) to tap the insurance
sector in India. The venture would be called 'Future
Generali' and would be headquartered in Mumbai,
India. Generali would have a 26 percent stake in
the venture, which was expected to offer both life
and non-life insurance products.

PRIL, which began as a trouser manufacturer in the

mid-1980s, had grown over the years to become
one of India's largest retail chains.5 The foray into
insurance was part of the group's diversification
strategy. In March 2006, the Pantaloon Group
renamed itself as the 'Future Group'.
The Future Group was divided into six verticals - Future Retail, Future Capital, Future Brands, Future Space, Future Media, and Future Logistics.
Under the new structure, PRIL would be a part of Future Retail.

The Future Group planned to operate its insurance

business through its financial arm, Future Capital,
which was involved in asset management. Future
Capital also had plans to get into credit and other
consumer related financial services such as
banking, personal finance, and investment services.
PRIL planned to leverage on its retail strength to
acquire customers and cater to their insurance
needs.

Analysts viewed the restructuring of the Pantaloon

group and its endeavor to establish a new identity
 as part of the ambitious plans of Kishore Biyani
(Biyani), CEO of the Future Group. Biyani was
widely regarded as one of the pioneers of
organized retail in India.
A New Identity Contd...

Analysts felt that Biyani had restructured the

Pantaloon group under a new identity in order to
consolidate the group's leadership position and
diversify into new growth areas in the Indian retail.
Moreover, the attitudes and preferences of Indian
consumers were changing, thanks to the increase in
their disposable incomes and exposure to global
products and trends.

The growth outlook for the Indian retail sector was

positive given the estimated 300 million6strong
middle class, a fairly young population7, and
organized retailing constituting just three percent
of the total retail business in India. Commenting on
the drivers for growth in the Indian retail sector,
Biyani said,
"I believe that consumption will be the next big driver of India's economic growth. Rising incomes and increased exposure to global products and
global consumption patterns have changed the average Indian's attitude towards consumption and savings. Increased and channelized consumption
would lead to the development of the nation through improved and better infrastructure facilities, greater employment generation possibilities will
emerge with increased consumption, leading to people wanting to spend more on themselves. This cycle is what will fuel the consumption boom in
the country."8

Biyani realized that the company had to shed its

previous image of being just a fashion and food
retailer, if it wanted to tap the potential in diverse
areas like home solutions, leisure & entertainment,
fitness, communications, and financial services.
However, some industry analysts said that the
Future Group would have a tough task ahead due
to competition from other organized retail players
like Shoppers' Stop9, Trent Ltd.10, and
FoodWorld11. In June 2006, Reliance Retail
Limited, a retail venture of Reliance Industries
Limited12, had announced ambitious plans to
become the leading player in the Indian retail
sector.
There was also the likely threat from international retail giants like Wal-Mart Stores Inc.13 (Wal-Mart), Carrefour SA14, and Tesco Plc15, if the sector was
opened up to foreign investment.

Background Note

The history of PRIL can be traced to the mid-

1980s, when Biyani, a commerce graduate quit his
family business of trading textiles and yarn to start
manufacturing apparels. In 1987, PRIL was
incorporated as Manz Wear Pvt. Ltd. and
manufactured readymade trousers under the
'Pantaloon' brand. On September 20, 1991, Manz
Wear Pvt. Ltd., went public and in 1992, the name
was changed to Pantaloon Fashions (India) Limited
(PFIL). At that time, the company was distributing
its garments across India through multi-brand
garment stores.

In 1992, the company inaugurated its first

exclusive men's store called Pantaloons Shoppe
and by 1995, the number of stores had grown to 70,
with most of them being franchisee outlets...
The 'Future Group'

In March 2006, the Pantaloon Knowledge Group, as part of its restructuring and expansion plans, changed its identity to the 'Future Group.' The new
group was set up to drive growth through the use of consumer insights and scenario planning to design future retail delivery formats. Kishore Biyani,
Chairman, PRIL, said, "India is changing rapidly and we believe that rather than look at the past to extrapolate or the West to emulate, we have to
prepare ourselves by planning scenarios based on innovative and original research."...

New Business Ventures

As a part of the restructuring initiative, Biyani

sought to take PRIL beyond conventional retail and
cover the entire consumer space.

PRIL forayed into many businesses and formats by

establishing subsidiaries and forming joint ventures
with other companies (Refer to Exhibit III (A) for a
list of joint ventures/acquisitions of PRIL/PIL,
Exhibit III (B) for a list of subsidiaries of
PRIL/PIL, and Exhibit III (C) for a list of new
ventures of PRIL/PIL).
In January 2005, Pantaloon Industries Limited (PIL), a group company, acquired a 68 percent stake in the apparel company Indus League Clothing
Ltd...