Future Retail is the flagship company of Future Group, Indias retail pioneer catering to the entire Indian consumption space. Through multiple retail formats, the Company connects to Indian buyers, sellers and businesses. The collective impact on business is staggering: Over 500 million customers walk into its stores each year and choose products and services supplied by over 30,000 small, medium and large entrepreneurs and manufacturers from across India. This number is set to grow. The Company enjoys market leadership in the food and grocery retail market (market share of 13% in 2016).
The company has a total retail space of 13.8 million square feet with presence in 26 states and 240 cities with a total network of 901 stores at the end of FY17. A major realignment and consolidation exercise was undertaken to make FRL a asset light and a pure play retail company with strong presence in multiple formats hypermarket and supermarket. In May 2015, the company acquired the supermarket format, Easy Day, from Bharti Group and enhanced its overall presence across the country. Recently it also acquired the retail operations of Heritage foods and expanded into Southern India. After the major restructuring, Future Retail is asset light Company and generates free cash flow.
The company today operates multiple retail formats in both the hypermarket, supermarket and home segments of the Indian consumer market including:
a) Big bazaar
b) Easy day
d) Heritage Fresh