Future Group: A Retail Giant Facing Headwinds Future Group, the Mumbai-based conglomerate founded by Kishore Biyani, has been a prominent player in India's retail and fashion landscape. Its portfolio includes well-known supermarket chains Big Bazaar and Food Bazaar, lifestyle stores Brand Factory and Central, and a significant presence in integrated foods and FMCG manufacturing. Future Retail Limited and Future Lifestyle Fashions Limited, two key operating companies, boasted high market capitalization on the BSE and NSE, reflecting their substantial assets within the Indian retail sector. The group's extensive holdings encompass a diverse range of brands. In fashion and sports, it promotes Indigo Nation, Spalding, Lombard, and Bare. Its FMCG portfolio includes Tasty Treat, Fresh & Pure, Clean Mate, Ektaa, Premium Harvest, and Sach. While numerous sector-focused operating companies manage these diverse interests, internal financial management and consulting arms also support the group's operations. However, recent reports suggest the company is actively working to reduce its debt burden to avert potential insolvency. The challenges faced by Future Group highlight the complexities and competitive pressures within India's rapidly evolving retail market. The group's future trajectory remains a key focus for industry observers.