Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Jan, 20 2015

Future Group targets at Rs 10,000 crore in next five years

By March, the group is planning to partner with over nine local and international food and personal care brands to make and distribute their products across its retail chain formats.

The Future group, owned and managed by Kishore Biyani has formed a management committee to expand its food and FMCG arm Future Consumer Enterprise (FCEL), reported ET.

The group is targeting its annual sales fivefold to Rs 10,000 crore in the next five years.

The team includes founder Kishore Biyani, Ashni Biyani, Director and top executives from various divisions, such as Food Park CEO Praveen Dwivedi, fruits & vegetables division directors Sumit Saran and Vivek Dhume and recently-appointed FCEL CFO Manoj Saraf.

By March, the group is planning to partner with over nine local and international food and personal care brands to make and distribute their products across its retail chain formats.

In the recent change, Devendra Chawla will now be responsible for the groups entire buying and merchandising operations. Murali Krishnan, CEO of the recently-acquired convenience chain Nilgiris, will also head the group's other convenience store chain, KB's Fair Price and both will be part of the committee.

"FCEL has the potential to emerge as one of the largest FMCG companies in India with strong presence across home, personal care and food space," said, Kishore Biyani, CEO, Future Group.

The group is targeting at launching regional products as well as bringing international brands through partnerships.

“FCEL signed its first licensing agreement with California-based Sunkist Growers last year to launch its citrus beverage products in India, marking the group's entry into consumer business outside its private label portfolio,” added Biyani.
 

Comment
Related opportunities
  • Casual dine Restaurants
    About:The first Kenny Rogers restaurant was opened in coral spring,..
    Locations looking for expansion New Delhi
    Establishment year 1991
    Franchising Launch Date 2017
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 1200 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Computer and ICT Services
    About ZopperZopper is a hyperlocal marketplace which deals in electronics..
    Locations looking for expansion New Delhi
    Establishment year 2012
    Franchising Launch Date 2015
    Investment size Rs. 10000 - 50 K
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • About Hearing Plus:-Hearing Plus is an organization that provides services..
    Locations looking for expansion West Bengal
    Establishment year 2006
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
  • Ayurvedic, Herbal & Organic Products
    About:OMORFEE, an Indo – German venture of Bioruns Private Limited,..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 100 - 250 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities