Best Women Inspirational Short Story Kishore Biyani Reading success stories of greatest professionals stimulates motivational enzyme within us and we all wish to emulate them on path of success. Following above you will read today success story of Mr. Famous for his unconventional style of running the business he was initially written off by the media. Biyani defied the status quo and challenged the conventional mindset by significantly thinking big. Led by its flagship enterprise Pantaloon Retail, today operates around 16 million square feet of retail space in over 85 cities and towns and 65 rural locations across India. Headquartered in Mumbai it employs around 35, people and is listed on the Indian stock exchanges.
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Today, the Future Group has more than 70 Million sqft of retail space in 90 cities and 60 rural locations, and is also in plans to add in more 9 Million sqft in the years to come. The book so far has sold almost , copies, which is far more than any other business book published in India. Personally, Kishore has completed his graduation in the field of Commerce from the H. Based in Mumbai, he is married to Sangita Biyani and together, they have two children.
How did he begin? Kishore Biyani, the current pin-up boy of the Indian retail industry, has played multiple roles including trader, a failed film-maker, a dance festival organiser, in his career but eventually settled to become an innovative retailer. Coming from a family of businessmen or should we say that business literally flowing in his blood and bloodline, starting from his grandfather; Kishore was never really keen about studies and merely pushed himself towards graduation.
His career in actuality, started just when he neared the end of his graduation! This was the early s! Without any delay, he found a local mill that made that kind of fabric, and sold a few hundred thousand rupees worth of the material to selected garment manufacturers and shops in the city, and earned his first profit. Kishore had tasted blood and now he craved for more! He desperately started to look around for something new, something different.
He was looking for a venture or an idea which had the potential to reach out to maximum number of people in the country.
That is when he stumbled upon an idea and the unthinkable happened. RISE In a short span he reached to the peak of demand from the market and sold more than 30, to 40, metres of the material each month. The year of 92, saw the biggest jump as compared to the chain of events that had taken place so far.
Kishore or should we say his company, in this year entered the stock market in a smart attempt to maintain the inflow of fuel which was the primary need for his continued expansion! Other than going on a spree of opening stores, he also spent a huge chunk on marketing as well, and by 94, word has it that Pantaloon franchise had turned into a 9 million laying hen, annually.
At this point, pantaloons were literally present across every length and breadth of the country, but they seemed to have missed a very important piece while expansion; mobility in all aspects!
And that turned out to be a logistical nightmare. Their executive staff found it impossible to visit each of their stores to monitor the quality of service, which weakened some of the older shops and on the other end, the franchisees who worked on a commission basis, focused more on immediate profits rather than customer service. It was a massacre! Hence, to fix the mess, Kishore began exploring the idea of transforming Pantaloon into large-format retail stores of his own in and that is when he stumbled upon a 10, sq ft property in Kolkata.
Hence, in August , the first Pantaloons department store opened for public. Soon after that; Kishore began working on his next big project — Big Bazaar, a hypermarket with a dose of chaos stores that were crowded, noisy and a bit messy on purpose. Similarly, the timing again was perfect, his target audience a.
Having said that; he opened the first Big Bazaar in Kolkata in and within 22 days, he opened two more. Since then he has gone on to open more than stores country wide and has been catering over 2 Million customers per week.
FALL Now as much as things were going great and success seemed to be touching his feet, the company took a bad hit. But the major fall came when the economic downturn hit the company really bad. The carnage had taken place majorly because huge amounts of debt accumulated as a result of reckless expansion. It was so drastic that Pantaloon had to postpone the opening of as many as 30 of their stores.
They were even forced to reduce the size of some of its other locations. The debts had become so huge that; they were forced to give up almost 2 Million sq ft of retail space, had to renovate half the Big Bazaar hypermarkets he ran, sell off businesses, and restructure operations.
What was even more heart breaking was that, these sell offs included Soon everyone started to understand his strategy and noticed the work he was doing and today — you love him or hate him but you cannot ignore him.
Today, the company has grown on to transform into a manifold of empires of its own which eventually fall under one single umbrella — Future Group! The group is now known for having an important standing in the Indian retail and fashion sectors, with their popular supermarket wings. Pantaloon Retail stores as of date, occupy more than 70 million square feet of retail space all over the country, employ more than 35, people, have more than one-fourth of the population i. And by , Kishore plans to transform the Future Group into a technology company as well, and by that, it means the company would be more of an analytics company than a retail one.
Achievements Mr. And clearly not that everything that Mr. Kishore Biyani has tried, has worked out in his favour, just like every other human being and a successful businessman. But that has not stopped him from constantly experimenting or trying out new ideas and that is exactly the key to any success!
Keep Trying. Author: YoChef YoChef puts the spotlight on emerging businesses and reputed personalities to help young entrepreneurs learn from their experiences. Watch out for posts published under YoChef to discover entrepreneurial journeys and life lessons.
Today, the Future Group has more than 70 Million sqft of retail space in 90 cities and 60 rural locations, and is also in plans to add in more 9 Million sqft in the years to come. The book so far has sold almost , copies, which is far more than any other business book published in India. Personally, Kishore has completed his graduation in the field of Commerce from the H. Based in Mumbai, he is married to Sangita Biyani and together, they have two children. How did he begin? Kishore Biyani, the current pin-up boy of the Indian retail industry, has played multiple roles including trader, a failed film-maker, a dance festival organiser, in his career but eventually settled to become an innovative retailer. Coming from a family of businessmen or should we say that business literally flowing in his blood and bloodline, starting from his grandfather; Kishore was never really keen about studies and merely pushed himself towards graduation.
Kishore Biyani Wiki-Biography-Age-Height-Weight-Profile-Info.
Awards and Recognition 37 Bibliography 38 1. He is the person, who stood up and is going well to break the parameters of Indian Retail. He is known by several names: the king of retail the unstoppable Indian the man who saw the future. Kishore Biyani belongs to a trading family from Rajasthan settled in Mumbai for more than 60 years now.
How did he begin?
Early life[ edit ] Kishore Biyani comes from a family that has been involved in business since the time of his grandfather, who opened a clothes shop in what was then called Bombay after moving there from the village of Nimbi Jodha in Rajasthan. He has said that "I spent the better part of the day outside college with friends, wandering around new places and understanding and interpreting the real world. It was around this time, in November , that he married Sangita Rathi and also made his first venture into business on his own account, commissioning the manufacture of some fashionable fabric for sale to garment manufacturers. He progressed to selling his own brand of clothing fabric and then to manufacturing trousers using it, which in turn led to the launch of his Manz Wear garment manufacturing business in The business, which supplied a few retail outlet, adopted the brand name of Pantaloon and soon expanded into retail itself using a franchise model. He has admitted since that this expansion across the country created logistical problems for the company, especially with regard to managerial oversight of its franchisees.