Biyani Mulls IPO For Consumer Credit Biz

Kishore Biyani is inking a brand new strategy for the future of his Future Group. While others are busy rolling out stores and cutting cost he is looking to monetise his business model further.One of his big bets is his finance arm-Future Capital, a company that he is taking to the capital markets and he is saying its listing will be announced in next 3-4 months.Biyani is planning to raise over Rs 1,000 crore to grow his consumer credit business and ramp up the number of branches from 65 to 400 over a period of time.

Kishore Biyani also knows that while he grows other businesses, he cannot compromise on his core retail business as it is the only way he can attract customers to offer any of his other products or services. This is the reason why Biyani needs to bolster his supply chain to take on the likes of Wal-Mart and Reliance. He is planning to raise $500 million fund for logistics business and is even looking to buy stakes in other logistic companies. While many retailers are busy worrying about growing pressure on margins, Kishore Biyani is looking out for solutions building periphery business around retail, a strategy he says will help him remain ahead of competition and also help profitability going forward.