On 21st August, 2016 Kishior Biyani-led Future Group is arranging a major development of its southern supermarket chain Nilgiris by adding many more products and taking the store count to 1,000 for next three years.
The group, which had picked up the Bengaluru-based chain in 2014 and the group is also launching new products in bakery and is firming its portfolio.
CEO of Future Group, Kishore Biyani told PTI that, “We have a target to have at least 1,000 shops in southern India gradually in next three years.”
Kishore Biyani also said that, “We are restoring the chains and opening new stores. We are increasing Nilgiris capacity. We are also launching many new products as in bakery segment.”
Nilgiris is operating 160 stores in South India and it has also sales of around Rs 800 to Rs 900 crore. Kishore failed to share the number of investment by the company on Nilgiris, but he said that, “This would be done through franchise system.”
On 21th November, 2014 Future Consumer Enterprises had acquired 98% share of Nilgiris from Actis Capital and other promoters and made a fully owned subsidiary.
Nilgiris operates stores in many cities such as Karnataka, Tamil Nadu, Andhra Pradesh, Telangana and Kerala.
Future Group has tied up with mobile payments and also with commerce platform Paytm to permit Paytm users to shop for Big Bazaar merchandise on the online marketplace and get it transported to their homes.
He also said that we have done combination with Paytm. Currently we have our own wallet and Paytm also.
Biyani said that, “We are growing use of technology with commerce. We have also increased it on payment side. This is great journey. At present, we are doing in fashion and add some more segments. We would integrate all one by one.”
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