Kishore Biyani's Future: The rise and fall of India's retail tycoon

Three group companies enter corporate insolvency process, marking decline of former retail tycoon

As three Future Group firms go through India’s corporate insolvency process, it is worth looking at the journey of the once-feted retail conglomerate and its founder.

Growing up in Mumbai, Kishore Biyani could have kept working at his family textile shop. But he was ambitious and his drive led him to establish Pantaloons, a fashion retailer in 1994. While the initial stores were franchisees, Biyani decided to strike out independently. Biyani began by opening a 10,000 sq. ft. Pantaloons store in Gariahat, Kolkata, in 1997. The company posted a revenue of over Rs 12,200 crore and had 450 stores in