Dr. Ritesh Dalwadi
Educator,Trainer,Researcher,and Consultant...

















Tuesday, April 20, 2010

Biyani’s Future Business Bond: Professionalism for Perfection



The CEO of $ 2 billion retail empire (Future Group), Kishore Biyani has envisaged the succession plan for the future. He being passionate to stay ahead of time, coming up with the distinctive concept of separating family interest and business in the Indian business landscape.

Though several Biyani family members have been entrenched in the top management positions, Kishore Biyani has been planning to separate ownership and day-to-day business to step ahead in the retail business. Likewise, his past business ideas, he expects this plan also to turn out as very favorable. He has made it clear that the future chief executives may be professionals and not from family members. The role of next generation of Biyanis is to be mentors to guide the businesses.

Biyanis have a family office having seven family members which is mainly giving the group business a strategic direction (to share ideas and discuss future possibilities). A key component of the home office is the mentoring role - both capital and ideas - that the seniors impart to the next generation.

  • ·         CEO Kishore Biyani, Pantaloons Board Member
  • ·         Vijay Biyani (Kishore’s elder brother), sourcing head
  • ·         Anil Biyani (Kishore’s younger brother), Future Retail CEO
  • ·         Rakesh (Kishore’s cousin), properties and projects head
  • ·         Sunil (Kishore’s cousin), Future Ideas director
  • ·         Ashni Biyani (Kishore’s daughter), Home Solutions Retail
  • ·         Vivek Biyani (Vijay’s son), Board Member of Home Office


From the past three years, the retail badshaah has inducted two members of the family into Future group board. Biyani’s daughter Ashni (24 years) has been appointed director of Future Ideas and leads the incubation team and his nephew Vivek (25 years) is director of home solutions retail, the group’s fastest growing segment. In a couple of years, younger daughter Avni may also join the board.

Commenting on this concept adopted by the Retail King, I would say that this is the right action required at this time to grow professionally in a competitive Indian market. Looking at the Indian entrepreneurs, several family owned businesses have stuck up without professional touch and gradually they have lost the business, market image and share, and their existence. Thus, this is the perfect shot on Indian pitch to win the T20 (very competitive and potential market). At the same time execution will play a vital role for the game to be played and the coming future will decide the success of the Future Group. “Kishore Biyani is the batsman who not only looks at fielders’ position but also has a confidence in his bat.”

I invite your comments and thoughts on this...

This write up is based on the article published in The Times Of India | Ahmedabad, April 20, 2010.

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