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Roll no.:5144 Course: B.COM(H) Name: Shivangi jain YEAR 2009 1ST YR

Future group
India tomorrow

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INDEX
T ABLE
OF

C ONTENTS

INTRODUCTION .. 4 OUR BOARD OF DIRECTORS 4


OUR COMPANIES .6 OUR PARTNERSHIPS 11 OUR MISSION .12 OUR ACHIVEMENTS 12

FUTURE GROUP IN DIFFERENT FIELDS14 FUTURE RETAIL 14 CAPITAL ..15

4|Page CONSUMER FINANCE 15 INSUARANCE ..16 LEISURE & ENTERTAINMENT.16 LEARNING & DEVELOPMENT17 FUTURE BRANDS..17 FUTURE MEDIA.18 FUTURE LOGISTICS..18 FUTURE KNOWLEDGE SERVICES19 FUTURE VENTURES.19 FUTURE ETAILING..19
FUTURE TWO PRONGED STRATEGIES 20 FUTURE GROUP VALUES 20 BUSINESS OVERVIEWS 21 CITY WISE DOMINATION ..22 SIZE LEDS TO IMPROVED RETURNS..............23 SUPPLY CHAIN & LOGISTICS 25

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LEAVERAGING HOUSE SYSTEM. 26 BUSINESS HIGHLIGHTS: 2008200927 OPERATIONAL OVERVIEW. 27 FINANCIAL HIGHLIGHTS: 20082009..28 MARKET PRICE DURING THIS PERIOD.28 CONSOLIDATED BALANCE SHEET29 CONSOLIDATED PROFIT & LOSS ACCOUNT..30 CONSOLIDATED CASH FLOW STATEMENT.31 STOCK MARKET PRICE ON 11 DECEMBER 2009.31 CONCLUSION 32 REFRENCES 33

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Introducti on
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, led by its founder and Group CEO, Mr. Kishore Biyani, is one of Indias 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.

OUR BOARDS OF DIRECTORS:-

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he Managing Director of Pantaloon Retail (India) Limited. He has received several awards including

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sachusetts at Amherst. He also holds a masters degree in Business Administration from Cornell Un

es have been in investment banking and corporate finance where he held positions of head of Inve

Chairperson of the Insurance Institute of India. He is a member of RBI's Standing Technical Commi

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he deputy managing partner of Haribhakti & Co., Chartered Accountants. He is the chairman of the

of ACP Partners, he was a partner at Goldman Sachs in London. He has over two decades of extens

OUR COMPANIES:Pantaloon Retail (India) Limited


Pantaloon Retail (India) Limited (PRIL), is Indias leading retailer that operates multiple retail formats in both the value and lifestyle segment of the Indian

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consumer marker. Headquartered in Mumbai, the company operates 10 million square feet of retail space, has over 1,000 outlets (including shop-in-shops) across 61 cities in India and employs over 30,000 people. The companys leading formats include Pantaloons, a chain of fashion outlets, Big Bazaar, a uniquely Indian hypermarket chain, Food Bazaar, a supermarket chain, and Central, a chain of seamless destination malls. Some of its other formats include Depot, Brand Factory, Blue Sky, Star and Sitara. Pantaloon Retail is part of the Future Group which has presence in multiple businesses in the consumption space including consumer finance, capital, insurance, retail media, mall development, logistics and brand development.

Home Solutions Retail (India) Limited


Future Groups business offers complete retailing solutions for all products and services related to home building and home improvement. The key product categories are CDE (Consumer Durable & Electronics), Furniture, Home Furnishing & Decor, Home Improvement and Home Services. HSRIL operates retail format Collection i, Furniture Bazaar, Electronics Bazaar, Home Town and eZone.

Future Brands Limited


Future Brands Limited (FBL) has been incorporated on November, 2006 and is involved in the business of creating, developing, managing, acquiring and dealing in consumer-related brands and IPRs (Intellectual Property Rights).

Future Media (India) Limited


Future Media (India) Limited (FMIL) was incorporated as the Groups media venture, aimed at creation of media properties in the ambience of consumption and thus offers active engagement to brands and consumers. FMIL offers relevant engagement through its media properties like Visual Spaces, Print, Radio, Television and Activation.

Future Logistic Solutions Limited

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Future Logistic Solutions Limited (FLSL) has been incorporated as a separate entity and is involved in the business of providing logistics, transportation and warehousing services for all group companies and third-parties.

Convergem Communication (India) Limited


Convergem Communication (India) Limited (CCIL) (formerly known as Convergem Retail (India) Limited) was incorporated to set up a chain of retail outlets for dealing in areas of communication, data & voice storage and other related products. The company operates mBazaar, mPort and GenM, among other retail formats.

Pantaloon Food Product (India) Limited


Pantaloon Food Product (India) Limited (PFPIL) was incorporated with the object of sourcing and backward integration of food business of the company. PFPIL has sourcing and distribution bases at all key cities across the country.

Future Knowledge Services Limited


Future Knowledge Services Limited (FKSL) was incorporated on January, 2007 and is engaged in the business of business process outsourcing and knowledge process outsourcing.

Future Capital Holdings Limited


Future Capital Holdings Limited (FCH) was formed to manage the financial services business of Pantaloon Retail (India) Limited and other group entities. FCH is one of the fastest growing financial services company in India, with presence in Asset Advisory, Retail Financial Services and Proprietary Research. The company operates a consumer finance retail format, Future Money and manages assets worth over US$ 1 Billion through its various funds including Indivision, Kshitij, Horizon and Future Hospitality. FCH subsidiary companies include Kshitij Investment Advisory Company Ltd., Ambit Investment Advisory Company Ltd., and Indivision Investment Advisors Ltd.

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Future Generali India Insurance Company Limited


Future Generali India Insurance Company Limited (FGIICL) was incorporated on October 30, 2006 to undertake and carry on the business of general insurance. The approval for carrying on General Insurance Business has been received from the Insurance Regulatory and Development Authority of India (IRDA) on September 4, 2007.

Future Generali India Life Insurance Company Limited


Future Generali India Life Insurance Company Limited (FGILICL) was incorporated on October 30, 2006 to establish and conduct the business of life insurance in India, which comprises of whole life insurance, endowment insurance, double benefit and multiple benefits insurance etc. The approval for carrying on Life Insurance Business has been received from the IRDA in September, 2007.

Futurebazaar India Limited


Futurebazaar India Limited (FBIL) is set up as the e-Retailing arm of the Future Group for providing on-line shopping experience. Futurebazaar.com was launched on January 2, 2007, and has emerged as one of the most popular online shopping portals in India. It was awarded with the Best Indian Website award, in the shopping category, by the PC World Indian Website Awards.

Weavette Texstyles Limited


Weavette Texstyles Limited was incorporated on December 8, 1994 and is involved in the business of designing, manufacturing, buying and selling, importing, exporting, spinning etc of various types of textile fabrics.

Winner Sports Private Limited


Winner Sports Pvt. Limited caters to the Sports and Lifestyle consumer space. Winner Sports is the exclusive India Licensee for retailing and marketing leading international brands including Converse, Speedo, Wilson, Prince, Spalding and Callaway. It has over 57 stores across 23 locations. The company operates: Multi-brand sports specialty stores - Planet Sports

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Value-based sports lifestyle format - Sports Warehouse Mono brand stores - Adidas, Converse, Puma The company's flagship format, Planet Sports, is a leading name in multi-brand sports and lifestyle speciality retail space. It has one of the largest collection of international sports and lifestyle brands and has an extensive offering for sportswear and equipment across all categories including running, training, fitness, swimming, tennis, golf, basketball, soccer as well as other lifestyle products across categories like footwear, apparel, accessories and sports equipments. The company aims to be among the most admired sports player in a multisports, multi-product format and to augment Indias sports culture. Winner Sports strives to provide integrated, reliable and cost efficient sports offerings to Indian consumers.

Staples Future Office Products Private Limited


Staples Future Office Products Private Limited (SFOPPL) was incorporated on January, 2007 and is involved in the business of dealing in all kinds of office supplies, office equipments and products. SFOPPL is a joint venture between the Company and Staples Asia Investment Limited (a subsidiary of Staples Inc USA). The companys first retail outlet opened in Bengaluru in December, 2007.

Talwalkars Pantaloon Fitness Private Limited


Talwalkars Pantaloon Fitness Private Limited (TPFPL) was incorporated on December 19, 2006 and is involved in the business of setting up gymnasiums and dealing in fitness equipments and other health products. TPFPL is a 50:50 joint venture between the Company and Talwalkars Better Value Fitness Private Limited.

ConvergeM
The company has entered into a 50:50 joint venture with Axiom Telecom LLC, UAE on July 20, 2007 to do sourcing and wholesale distribution of mobile

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handsets, accessories and setting up service centres and authorized after sales service centres for mobile handsets in India.

Indus League Clothing


A subsidiary company, Indus League Clothing owns and manages the brands Indigo Nation, Scullers, Urban Yoga, Urbana and their retail formats.

Galaxy Entertainment Corporation Ltd


It is a group company that operates leisure and entertainment chains, The Bowling Company, The Brew Bar, The Sports Bar, Sportsbar Express and Chamosa.

Future Consumer Products Limited


FCPL is a subsidiary company of Pantaloon Retail India Limited, incorporated in September 2007. The company has two brands under its umbrella - SACH & S Drive, inspired by Sachin Tendulkar. These brands operate in categories such as foods, apparels, personal care and general merchandize among others, and are available through Future Group formats. SACH launched with an apparels range for boys between the ages of 9-16 across Big Bazaars in June 2008.

Future Ventures India Limited


Future Ventures seeks to promote and participate in innovative and emerging business ventures in India. The group intends to play a role in powering entrepreneurship, by promoting or participating in diverse business activities, primarily in consumption-led sectors in the country, which will be determined primarily by the growing purchasing power of Indian consumers and their changing tastes, lifestyle and spending habits.

FootMart Retail India Ltd


FootMart Retail is a joint venture between Liberty Shoes and the group and operates the Shoe Factory format.

OUR PARTNERSHIPS:-

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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 Pariss 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.

Staples Inc. USA


Staples, a Fortune 500 company is the worlds largest office products company and is committed to making it easy for customers to buy a wide range of office products, including supplies, technology, furniture, and business services. With over 2000 stores across the globe and $27 billion in sales, Staples serves businesses of all sizes and consumers in 27 countries. Staples invented the office superstore concept in 1986 and is headquartered outside Boston. Staples Future Office Products Pvt. Ltd. was formed in May 07 with an aim to make it easy for Indian customers to run their offices by providing over 7000 products covering the entire gamut of technology, stationery and office furniture.

Future Generali India Insurance Company Limited


Future Generali India Insurance Company Limited (FGIICL) was incorporated on October 30, 2006 to undertake and carry on the business of general insurance. The approval for carrying on General Insurance Business has been received from the Insurance Regulatory and Development Authority of India (IRDA) on September 4, 2007.

Future Generali India Life Insurance Company Limited


Future Generali India Life Insurance Company Limited (FGILICL) was incorporated on October 30, 2006 to establish and conduct the business of life insurance in India, which comprises of whole life insurance, endowment insurance, double benefit and multiple benefits insurance etc. The approval for carrying on Life Insurance Business has been received from the IRDA in September, 2007.

Axiom Telecom LLC, UAE

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Axiom Telecom is the largest and leading, authorized distributor and retailer for international brands such as Nokia, Sony Ericsson, Samsung, Motorola, Thuraya and i-mate in Middle East and Europe.

Lee Cooper
Founded in 1908, Lee Cooper is the oldest jeans company in Europe having a large and enviable collection for men and women, which combines classics with quality.

0UR MISSION:We share the vision and belief that our customers and stakeholders shall be served only by creating and executing future scenarios in the consumption space leading to economic development. We will be the trendsetters in evolving delivery formats, creating retail realty, making consumption affordable for all customer segments for classes and for masses. We shall infuse Indian brands with confidence and renewed ambition. We shall be efficient, cost- conscious and committed to quality in whatever we do. We shall ensure that our positive attitude, sincerity, humility and united determination shall be the driving force to make us successful.

OUR ACHIEVEMENTS:CNBC Awaaz Consumer Awards 2009


Most Preferred Multi Product Chain - Big Bazaar Most Preferred Multi Brand Food & Beverage Chain - Big Bazaar

Images Fashion Forum 2009


Most Admired Fashion Group Of The Year - Future Group Most Admired Private Label - Pantaloons, the lifestyle format

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Critics Choice For Pioneering Effort In Retail Concept Creational - Central

Coca-Cola Golden Spoon Awards 2009


Most Admired Food & Grocery Retailer Of The Year Most Admired Food Court Most Admired Food Professional

Indian Retail Forum Awards 2008


Most Admired Retail Company of the year - Future Group Retail Face of the Year - Kishore Biyani Best Retailer Of The Year ( Hypermarket) - Big Bazaar Future Group was awarded the Most Admired Retail Company of the year by the Indian Retail Forum at a glittering ceremony organised in Mumbai. Mr Kishore Biyani also won Retail Face of the Year. India Retail Forum (IRF) is a platform for intellectual insights and information exchange for the retail business in the Indian subcontinent. The forum presents the business of retail in the region to a global audience, with the express aim of facilitating understanding about and encouraging investment in this massive marketplace. Big Bazaar, the value format of Future Group bagged the Best Retailer Of The Year ( Hypermarket )

The INDIASTAR Award 2008


Food Bazaar: Best Packaging Innovation Food Bazaar bagged the INDIASTAR Award for Best Packaging Innovation in India, for its private label brand Fresh And Pure Chakki Atta. INDIASTAR Award is a biennial event which aims to promote and encourage excellence in packaging design, innovation and technology. The contest was established in 1972 and is considered as the most popular and premier event for Indias packaging fraternity. This year there were around 357 entries and the participants had to submit a sample of their designs for selection. With this award, Pantaloon Retail (India) Limited becomes the first Indian Retailer to win the prestigious INDIASTAR Award.

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Retail Asia Pacific 500 Top Awards 2008


Gold Winner - Top Retailer 2008 Asia Pacific Retail Asia Publishing Pte, the institutor of these awards, aims to set a platform that appraise, raises and recognizes the development and growth of retailing throughout the Asia Pacific region.

Coca-Cola Golden Spoon Awards 2008


Most Admired Food & Grocery Retail Visionary of the Year: Kishore Biyani. Most Admired Food & Grocery Retailer of the Year Supermarkets: Food Bazaar. Most Admired Food & Grocery Retailer of the Year - Hypermarkets: Big Bazaar. Most Admired Retailer of the Year - Dynamic Growth in Network Expansion across Food, Beverages & Grocery: Future Group Most Admired Retailer of the Year - Dynamic Growth in Network Expansion across Food, Beverages & Grocery: Future Group. Most Admired Food & Grocery Retailer of the Year - Consumer's Choice: Big Bazaar. The Coca-Cola Golden Spoon Awards 2008, were given away for the first time as a culmination of the Food Forum India 2008 - a two day convention which saw the participation of leading brands, retailers & retail support organizations from across the globe. The awards were presented to honour enterprise, innovation and achievement in the food retailing business as a benchmark of excellence.

FUTURE GROUP IN DIFFERENT FIELDS:Future. retail:Retail forms the core business activity at Future Group and most of its businesses in the consumption space are built around retail. Future Groups retail network touches the lives of more than 200 million Indians in 71 cities and 65 rural locations across the country. The group currently operates around 1,000 stores spread over 12 million square feet of retail space.

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Present in the value and lifestyle segments, the groups retail formats cater to almost the entire consumption expenditure of a wide cross-section of Indian consumers. Led by Pantaloon Retail, the groups flagship company, the group manages some of Indias most popular retail chains like Pantaloons -- a chain of fashion destinations, Big Bazaar - a uniquely Indian hypermarket chain-- 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 Brand Factory, Planet Sports, aLL, Top 10,and Star and Sitara. The group also operates Indias most popular online shopping portal, futurebazaar.com. Retailing of products and services related to home building and home improvement is led through the groups formats, Home Town, a large-format home solutions store, along with specialized formats for home furniture and home furnishing through, Collection and Furniture Bazaar and consumer electronics through e Zone and Electronics Bazaar. The group also operates Indias leading rural retailing chain, Aadhaar that 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.

Capital Future Capital Holdings Limited (FCH) is the financial services arm of the Future Group and has three primary lines of business; investment advisory services, retail financial services and research. services to onshore and offshore clients. These investment advisory services include investment analysis, research and recommendations. FCH acts as the investment advisor to the Rs. 350 Crore (approximately US$ 89 Million) Kshitij Venture Capital Fund, an onshore SEBI-registered venture capital fund, whose main focus is developing retail malls in India. It also acts as the investment advisor to three offshore investment managers namely: Indivision Capital Management, the offshore investment manager of the US$ 425 Million offshore private equity fund, Indivision India Partners. Horizon Development Management, the offshore investment manager of the US$ 350 Million offshore real estate fund, Horizon Realty Fund, LLC.

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FHL Developments Company LLC, the offshore investment manager of the US$ 200 Million offshore hotel fund, Indus Hotel Ventures, LLC. Future Capital Research, our research business, conducts and publishes economic research on India with the objective of enhancing value creation across our other businesses.

Consumer finance:A business division of Future Capital Holdings (FCH), Future Money aims to set a new standard in the organized retailing for financial services and products by creating a differentiated retail brand that will make retail finance Simple, Easy and Convenient. These financial supermarkets provide a range of innovative financial products and services Future Money proposes to leverage its reach and captive customer base to offer a one-stop solution for financial products and services. Key product and service lines include consumer durable loans, personal loans, home equity loans, credit cards, life and non-life insurance, mutual funds, foreign exchange and money transfer The group has also launched Future Card, a unique credit card cum loyalty card that offers loyalty benefits to card holders in over 24 Future Group retail chains as well as other retail outlets.

Insurance:Future Groups foray into life and non life insurance services and products is led through Future Generali India Life Insurance Company & Future Generali India Insurance Company, respectively. Future Groups partner, Generali Group was established in 1831 in Italy and is now amongst the three largest insurance companies in Europe and is ranked 30th on the Fortune 500 list. It has more than 3,50,000 shareholders, 70,000 employees and is present in 40 countries across the globe. The joint venture company - between Pantaloon Retail and Generali Group Future Generali brings in a new wave of innovation in the insurance space. Apart from retailing insurance products in the exciting environment of shopping

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malls and consumption centres the companies are also setting up a robust panIndia footprint in over 100 cities and towns across the country.

Leisure & entertainment:The companys presence in the fast growing leisure and entertainment space is established through its affiliate company, Galaxy Entertainment Corporation Ltd and its partnership with Mumbai-based Blue Foods. Galaxy Entertainment Corporation Ltd GECL operates Leisure Brands including The Bowling Company, The Sports Bar and The Brew Bar. F123 is the companys kids gaming and entertainment zone while it operates Sportsbar Express under its The Sports Bar concept. Future Consumer Products Limited FCPL is a subsidiary company of Pantaloon Retail India Limited, incorporated in September 2007. The company has two brands under its umbrella - SACH & S Drive, inspired by Sachin Tendulkar. These brands operate in categories such as foods, apparels, personal care and general merchandize among others, and are available through Future Group formats. Shopping malls:Future Group currently operates six shopping malls: Orchid City Centre and Milan Mall in Mumbai; Cosmos and Lido Malls in Bengaluru; Ahmedabad City Centre in Ahmedabad and Cosmos Mall in Siliguri.

In addition the group is engaged in setting up of over two dozen shopping malls and consumption centres, all of which will be operational by 2011.

Learning & development:Future Learning & Development Ltd. (FLDL), a Future Group company, was incorporated in 2008 with the unique charter to undertake all the Talent acquisition, Talent management, Talent retention and Career Progression training. The learning & development at FLDL is unique, in the manner that it is rooted in Indian ideology, and aims at providing a relevant and contextual learning experience. Fuelled by its deep belief in the infinite potential of a person, the company has already introduced more than 25,000 Future Group employees to its basic tenets, and is geared towards helping more than 40,000 people realize their potential by the year 2010. Since its inception, FLDL has also branched off into domain specific (retail & allied services) training, certification, advisory and consultancy. FLDL also recognises that they can contribute in

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the development and grooming of current and future talent across various businesses in areas such as: Product and service training Soft skills training SOP creation and train the trainer Training efficiency audits and reports Extending use of FLDL training facility Customised training and content generation Other people development related services

Through these associations, FLDL will not only be involved with the design, development and delivery of the programs, but also offer a value proposition that takes into account the businesss needs both in terms of costs and benefits. With FLDL, Future Group has created a centre of higher learning, which provides the learner an opportunity to build self and thereby a career through completely Indian references and methodology, at their three Learning Centers based in Ahmedabad, Bangalore and Kolkata. FLDL employs a large number of Learning Specialists across locations.

Future brands:The Future Group has built a strong portfolio of some of the fastest growing consumer brands in India. This activity is led through Future Brands India Limited, a specialized subsidiary company that was set up to create and build powerful brands that address the aspirations of the new Indian consumer. Some of the key brands in this portfolio include, John Miller, Lombard, Bare, DJ&C, Buffalo and RIG in the fashion and apparel space. Dreamline,present in the home segment, offers a wide range of products in kitchenware, bed & bath linen, and Home Dcor categories. In the food and home care segment brands include Tasty Treat, Premium Harvest, Fresh & Pure, Care Mate and Clean Mate. In consumer durables and electronics space, the groups brands include Koryo and Sensei.

Future media:-

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Future Media India Limited, aims to create media properties in the ambience of consumption, and aid consumer-brand engagement, converting footfalls into eyeballs, creating trends and thereby, the desire to change. The company was incorporated on March 8, 2006 and its operations commenced from January 1, 2007. The company offers relevant engagement through its media properties like Future Visual Spaces, Future Activation, Future Print, Future Radio, Future TV, Future Fuel and Future Theatre. Visual spaces in the shopping environment include shopping trolleys, carrybags, elevator doors, standees, danglers, trial rooms, counters, in-store signage, product displays and facades. Amongst print properties, Future Media offers My World, a monthly magazine for Future Group customers. Future Media has also launched Future TV, the first retailer-owned channel in India that aims to provide a completely unique audio-visual experience within an in-store environment. Future FUEL is the TV network at BPCL petrol stations, while Future Theatre has acquired on-screen media rights for all Inox properties.

Future logistics:Logistics forms a critical business activity across Future Groups businesses. Future Logistics Solutions Limited (FLSL), a specialized subsidiary, offers strategic, focused and consolidated approach to meet the groups large supply chain requirements as well as those of select supply and business partners. The Future Logistics team currently oversees the operations of an existing fleet of over 600 dedicated trucks, contracted from established regional and national transport carriers, most of which are now equipped with GPS sets. In addition it provides integrated end-to-end SCM, warehousing and distribution, multi-modal transportation and container freight station. The total consolidated warehouse space that the company intends to have operational by 2010-11 is nearly 7.50 Million square feet.

Future knowledge services:Future Knowledge Services is a retail technology service provider for high quality, low cost services model catering to the entire retail value chain. Future Knowledge Services will provide consolidated Technology Support, Business

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Process Management and Contact Centre for all group companies and partners. Its key partners include Wipro, SAP and Cisco. The pillars on which the deliverables of Future Knowledge Services are based include IT-based applications and implementation modules; Design, Built and Run to enable businesses to function smoothly and accurately. SAP as the backbone provider, ensures connectivity throughout the groups retail formats, warehouses, vendor partners and allied businesses. In addition VPN and Business Intelligence and Data Warehousing tools have also been incorporated as a robust decision making enabler. Further, cutting edge technology advancements at the store level for better operational efficiencies and transaction enhancements are underway.

future ventures:Future Ventures, seeks to promote and participate in innovative and emerging business ventures in India. The company intends to play a role in powering entrepreneurship, by promoting or participating in diverse business activities, primarily in consumption-led sectors in the country, which it defines as sectors whose growth and development will be determined primarily by the growing purchasing power of Indian consumers and their changing tastes, lifestyle and spending habits. The company will also participate in businesses where it exercises control or influence, and can add value as active shareholders, by utilizing the experience and knowledge of the Future Group, and specifically its parent, Pantaloon Retail.

Future e-tailing:Futurebazaar.com is the groups foray into the consumer e-commerce business in India. The website is owned and operated by Future Bazaar India Limited, a subsidiary of Pantaloon Retail (India) Limited. The company through its website, www.futurebazaar.com, provides customers with a streamlined, efficient and world class personalized shopping experience, which is supported with the best technology platform. Popular Indian computer magazine PC World named Future Bazaar as the Best Indian Website 2007 in the Shopping category.

FUTURE GROUP TWO PRONGED STRATEGY :-

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nce

ominance Thought Leadership ance in Brands, Media, Customer Engagement & Community Involvement

Leadership

Dominance ance in Concept & Category

Leadership in Design Brand Leadership Leadership in People Management

Dominance al Space and Physical Reach

Dominance ance in Network Design

Leadership in Empowering & Nurturing Entreprene

Dominance g Purchasing Power

FUTURE GROUP VALUES:-

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Indianness: confidence in ourselves. Leadership: to be a leader, both in thought and business. Respect & Humility: to respect every individual and be humble i conduct. Introspection: leading to purposeful thinking. Openness: to be open and receptive to new ideas, knowledge an information. Valuing and Nurturing Relationships: to build long term relations Simplicity & Positivity: Simplicity and positivity in our thought, business and action. Adaptability: to be flexible and adaptable, to meet challenges. Flow: to respect and understand the universal laws of nature.

BUSINESS OVERVIEWS:-

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CITY WISE DOMINATION:-

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ecedented Rollout Globally the fastest to achieve the first 100 Hypermarket Stores Expansion thr

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SIZE LEDS TO IMPROVED RETURNS:-

Some Store Sales Breakeven Even Point Inc ROIC

Manufacture rs Real Estate Developers Talent Media

Pricing Promotions Offering

SCALE DEFINES EVERYTHING IN RETAIL AND INCREASES THE VELOCITY OF THE VIRTIOUS CIRC

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Techonology initiatives driving efficiencies:RETAIL BUSINESS PLAN MAKE BUY MOVE SELL SERVICE SUPPORT

TECHONOLOGY DELIVERY TO RETAIL

COSTS / INVESTMENT

CONTROLS

CONSUMER EXPERIENC E/ REVENUES

SCALE

Key Retail Business and Technology Projects & Services

Merchandise and Assortment Planning Perpetual Inventory Management Finance & Accounting Services Space Optimisation Services

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SUPPLYCHAIN AND LOGISTICS:FLSL BUSINESS VERTICALS


Consolidation of warehouse space Business benefited targets WMS(Warehouse Management System)

Mechanization and automation ensuring timely and accurate replenishment to Supplythe retail stores chain influences

ARS(Automatic Replenishment System)

Retail influences

Ensures timely product availability of all major fast moving items at stores Lower obsolescence and lower markdown Facilitate Stock Aging analysis Significantly reduced Time-to-Market Business Intelligence Consumer Loyalty Programs

Improved Order Fulfillment and Accuracy Warehouse Management Economies of scale Store Management
Shared warehouse capex and overheads Reduced inventory holding costs Data Centre and Network Optimisation & Upgrade

LEVERAGING HOUSE SYSTEM:BUSINES INHOUSE CAPABILITIES S CONSULT ING TECHONO APPLICATION LOG-Y DEVELOPMEN-T DESIGN MAINTAINANCE
TECHONOLOGY INFRASTRUCTURE MANAGEMENT

Open Source Business & Technology Platforms

PROGRAM MANAGEM E-NT

BUSINE SERVICE

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s which are typically bottlenecks for retailer -logistics, human resource develop

arty sales

BUSINESS HIGHLIGHTS : 2008-2009

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OPERATIONAL OVERVIEW:

PRIL no. of store by format

PRIL retail spaces by format

SQ .
FEET AREA IN Sq. ft MILLION area in millions

NO. OF STORES

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FINANCIAL HIGHLIGHTS : 2008-2009


MKT PRICE DURING THIS PERIOD:
MONTH BSE HIG LOW H 685. 550.00 45 NSE

HIGH

LOW 675. 550.00 00

APRI L 200 8 MAY 200 8 JUN E 200 8 JULY 200 8 AUG UST 200 8 SEP TEM BER 200 8 OCT OBE R 200 8 NOV EMB

652. 456.00 00 499. 310.00 00

652. 477.00 00 500. 309.30 00

396. 258.90 00 404. 331.25 00

388. 257.60 75 388. 333.00 50

428. 256.00 00

427. 256.00 00

283. 142.10 00

284. 141.00 00

212. 132.10 00

209. 133.00 95

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125.00 195. 90

194. 124.05 25

216. 135.30 75

216. 136.00 80

152. 119.00 70

152. 119.00 05

120.95

92.90

120. 92.10 90

CONSOLODATED BALANCE SHEET AS AT MARCH 31ST 2009


Amount in rupees

PARTICULARS

A AS AT 31ST MARCH 2009 S AT 31ST MARCH 2008

SOURCES OF FUNDS
Shareholders fund

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share capital Reserves and surplus

635,27 9,840 6,656,157,452 7,291,437,292

632,279,840 6,537,006,176 7,169,286,016

Minority interest

629,330,137

Loan funds
Secured loans Unsecured loans 3,305,482,845 1,426,004,873 4,731,487,718 1,284,221,241 797,715,000 2,081,936,241 2,692,635

Deferred tax liabilities(net) Total

12,022,925,010

9,883,245,029

APPLICATION OF FUNDS
Goodwill on consolidation 85,403,976 453,254,732

Fixed assets
Gross block Less: accumulated depreciation/ amortisation Net block Capital work-in-progress(including capital advances) 1,058,042,918 108,331,703 949,711,215 3,488,665 953,199,880 1,114,772,960 64,052,651 1,050,720,309 14,667,642 1,065,387,951 5,020,259,812 -

Investments Deferred tax assets (net) Current assets, loans and advances
Inventories Sundry debtors Cash and bank balances Other current assets Loans and advances

5,469,654,512 11,693,189

148,107,365 62,014,471 99,791,486 5,421,455,642 5,731,368,964

173,573,419 414,515,143 1,100,738,331 82,788,637 2,716,092,827 4,487,708,357

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(A) Less: current liabilities and provisions


Current liabilities Provisions 810,478,172 32,996,327 843,474,499 1,402,963,188 12,261,148 1,415,224,336

(B) Net current assets (A-B)


4,887,894,465 3,072,484,021

Profit and loss account

615,078,988

271,858,513

Total

12,022,925,010

9,883,245,029

CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2009
Amount in rupees

PARTICULARS

AS AT 31ST MARCH 2009

AS AT 31ST MARCH 2008

INCOME
Income from operations Other income 1,798,640,705 68,581,440 1,867,222,14 5 984,769,561 8,305,508 993,075,069

Total

EXPENDITURE
Personnel expenses Administration and other expenses Financial expenses Depreciation/amortization Preliminary expenses written off 884,438,190 852,187,199 346,729,877 66,878,749 79,544 559,097,309 582,638,544 78,231,131 35,060,295 722,561

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Total

2,150,313,55 9

1,255,749,8 40

Loss before tax and before prior period items


Add/less : prior period items(net)

(283,091,414 ) 1,824,615 (281,266,799 )

(262,674,77 1) (262,674,77 1)

Loss before tax and after prior period items


Provision for tax: -current liabilities Less: MAT credit entitlement -deferred tax(net) [(including share in deferred tax of joint ventures Rs. (2,945,048); Previous year Rs.(11,802)]

31,694,934 (57,000) 566,959

18,737,649 (4,030,834)

-Fringe benefit tax [(including share in fringe benefit tax of joint ventures Rs.220,000; Previous year Rs.200,482)]

7,632,354

5,066,520

39,837,247

19,773,335 (282,448,10 6) (2,237,368) (2,858,133)

Loss after tax and before minority interest


Less: minority interest Less: minority interest in respect of acquisition of further shares in Subsidiary adjusted from goodwill

(321,104,046 ) -

Loss after tax and minority interest


Balance brought forward from previous year Less: adjustment on account of subsidiary excluded from consolidation Less: adjustment on account of liability in respect of employee benefits as on April 1 2007

(321,104,046 ) (271,858,513) 2,237,368 -

(287,543,60 7) 33,856,702 270,015

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(net of deferred tax)

Loss available for appropriation Appropriations:


Transfer to reserve under sec 45(1c)of the Reserve Bank Of India, Act 1934

(595,199,927 )

(253,956,92 0)

19,879,061 (615,078,988 )

17,901,593 (271,858,51 3)

Deficit carried forward to consolidated balance sheet


Earnings per share: -basic [nominal value of shares Rs.10(previous year: Rs 10)] -diluted[nominal value of shares Rs.10(previous year: Rs 10)]

(5.06) (5.04)

(5.38) (5.34

CONSOLIDATED CASH FLOW STATEMENT AS ON 31ST MARCH 2009:Amount in rupees

PARTICULARS

AS AT 31ST MARCH 2009

AS AT 31ST MARCH 2008

A.

CASH FLOW FROM OPERATING ACTIVITIES


(281,266,79 9) (267,770,272)

Profit/loss before tax and after minority interest Adjustment for: Financial expenses Depreciation/amortization Preliminary expenses written off Bad debts Provision for doubtful debts Loss on sale of fixed assets Profit on sale of investments Write back of provision

346,729,877 66,878,749 79,544 150,462,532 17,173,313 3,367,390 (28,448,820) (31,601,140)

78,231,131 35,060,295 722,561 1,810,563 1,108,760 479,490 (9,258,190) -

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Provision for gratuity Provision for leave encashment Leave encashment transitional adjustments as per AS-15 (Revised) Sundry balances written off Exchange fluctuations

4,528,424 (58,471) 937,500

3,042,817 5,374,002 (270,015) 360,000

530,048,8 98

116,661,414 (151,108,85 8)

Operating profit before working capital changes


Adjustment for changes in working capital: Increase/(decrease) in inventories (increase)/decrease in sundry debtors (increase)/decrease in loan and advances Increase/(decrease) in current liabilities Share of minority interest

248,782,0 99

33,658,608 (3,103,070,5 23) (155,450,41 8) -

(173,573,419) (270,180,374) (2,622,362,055) 960,671,368 611,651,427

Cash generated from operations


Preliminary expenses paid Taxes paid/tax deducted as source(including fringe benefit tax) Net cash used in operating activities

(2,976,08 0,234)
(79,544) (163,361,04 5)

(1,644,901,9 11)
(9,371,786)

(3,139,52 0,823)

(1,654,273,6 97)

B. CASH FLOW FROM INVESTING ACTIVITIES


Purchase of fixed assets(including capital advance) Goodwill Sale of assets Sale of investments Purchase of investment (92,419,782) (1,856,383) 4,074,918 16,780,456, 456 (16,773,239, (295,921,168) (377,789,848) 1,716,361 898,583,204 (3,080,456,770)

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585)

Net cash used in investing activities

(82,984,3 76)

(2,853,868,2 21)

C. CASH FLOW FROM FINANCING ACTIVITIES


Proceeds from issue of equity shares Proceeds from securities premium on issue of equity share capital Payment of share issue expenses Financial expenses Proceeds from borrowings Repayment of borrowings 3,000,000 109,635,000 (10,540,574) (346,729,87 7) 7,951,228,6 48 (4,773,793,6 77) 77,379,850 6,331,235,389 (244,968,635) (78,231,131) 3,658,130,703 (2,130,850,000)

Net cash flow from financing activities

2,932,799 ,520

7,612,696,1 76

Net increase in cash & cash equivalents during the year(A+B+C)


Cash and cash equivalent s at the beginning of the year Less: balance of subsidiary excluded from consolidation

(289,705, 679)
3,504,762,2 64 ((128,882,18 6) 3,375,880,0 78

3,104,554,2 58
400,208,006 3400,208,006

Cash and cash equivalent at the end of the year

3,086,174 ,399

3,504,762,2 64

Cash & cash equivalent comprises of:


As at March 31st 2009 As at March 31st 2008

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Cheques on hand Cash in hand Balance with banks* Short term investments in liquid schemes of mutual funds Share in jointly controlled entity

1,205,170 4,141,553 52,366,968 3,026,626,8 54 1,833,854

24,015,443 32,584,898 789,919,606 2,654,276,742 3,965,575

Total

3,086,174 ,399

3,504,762,2 64

*Excludes balance of Rs. 2,466,926 (Previous year : Rs. 250,252,809) with a bank for which

refund instruments have been issued to the investors but yet to be encashed by the investors.

STOCK MARKET PRICE ON DECEMBER 11 2009:NSE Last price 224.45 Opening 231.6 Closing 228.9 : : : BSE Last price 225 Opening 230.9 Closing 228.2 : : :

CONCLUSION:
Future Group was conceived as a force to drive domestic consumption and capture every addressable consumption expenditure. Driven by creativity and innovation, Future Group is among the youngest business groups in India. A multi-format and largest retail network present in 72 cities and 66 rural locations and dominates over 12 million square feet at present. Future Group drives consumption that leads to development for India Tomorrow.

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Once INDIA was known as the Sone ki chidiya (the golden bird) A land and people held in awe For her prosperity For her intellect For her culture Today the world looks towards india again And it is in our hands To make the sone ki chidiya (the golden bird) soar again

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REFERENCES:FROM GOOGLE:FUTURE BRANDS FROM WIKIPEDIA:CITY WISE DOMINATION FROM SITES:

HTTP://WWW.FUTUREGROUP.IN/FLDL.ASP HTTP://WWW.FCH.IN/ HTTP://WWW.FCH.IN/PDF/FCH_ANNUAL_REPORT_ 2008-09.PDF http://www.pantaloon.com/Annual_Results_Confe rence_Call_26th_September_2009.pdf

FROM MAGAZINE:MARKET PRICE OF FUTURE GROUP-INDIA TODAY

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