Who is the ceo of big bazaar

New Delhi: Future Retail Ltd (FRL) said Sadashiv Nayak has been appointed as its chief executive officer with effect from Wednesday. The board of the company at its meeting held on Wednesday "considered and approved" the appointment of Nayak as CEO, the Future Group firm said in a regulatory filing.

Nayak has been associated with Future Group for over 17 years. In the last 8 years as the CEO of Big Bazaar, he has played a pivotal role in making Big Bazaar what it is today, it said.

"He had worked at various designations during his association within the Group," it said.

FRL operates retail stores as Big Bazaar, fbb, Foodhall, Easyday and Nilgiris.

Nayak, an alumnus of NIT Karnataka and XLRI, Jamshedpur, has over 27 years of experience.

Prior to Future Group, Nayak was associated with Hindustan Unilever Limited and Asian Paints Limited.

In August last year, the board of FRL had approved the amalgamation of FRL along with other group companies with Future Enterprises Limited to facilitate a Rs 24,713 crore deal to sell the retail and wholesale business to Reliance Retail. Also Read: Google bans 8 cryptocurrency apps for fraud! Were you using any of them?

The deal has been contested by global e-commerce major Amazon, an investor in Future Coupons that in turn is a shareholder of FRL. Also Read: Google launches 'Be Internet Awesome' programme for kids safety in India

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• Retailing pioneer Kishore Biyani is the founder and group CEO of the $4.6 billion (revenue) retail giant Future Group.
• The group includes hypermarket chain Big Bazaar, food retailer Food Hall and convenience store chain EasyDay.
• Biyani started out in 1987 with a trouser brand called Pantaloons but an expansion binge saddled him with debt forcing him to sell Pantaloons.
• Shares of Biyani's Future Retail surged after it was re-listed in August 2016 as an asset-light, pure-play retailer.
• In February 2019, Biyani's Future Retail signed a master franchise agreement to develop and operate 7- Eleven stores in India.

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Personal Stats

Age61

Source of Wealthretail, Self Made

ResidenceMumbai, India

CitizenshipIndia

Marital StatusMarried

Children2

EducationBachelor of Arts/Science, Bombay University

Did you know

Future celebrates 72 festivals across all its stores every year.

Biyani has installed digital screens on the shelves at Big Bazaar that explain each product and its origin.

In Their Own Words

I have always believed that India provides innumerable opportunities to develop new consumer businesses.

Kishore Biyani & family

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Kishore Biyani

|    Executive Chairman

Kishore Biyani is the founder and Group CEO of Future Group. Widely credited as the pioneer of modern retail industry in India, Kishore Biyani is a mentor and role model for many Indian entrepreneurs and a thought leader in Indian business.

Over the past two decades he has created and leads some of India's most popular retail chains like Big Bazaar, Central, Brand Factory, Foodhall, fbb, among others. Over time, various retail chains like Nilgiris, Aadhaar, Easyday, Heritage, HyperCity and others have also become part of Future Group. These retail chains are present in more than 400 cities across India and attract over 500 million customers footfalls annually. Simultaneously, he has also led the creation of a wide portfolio of consumer goods brands in fashion, food and electronics space, that are distributed through the group's retail chains and various other modern retail networks in the country. The group also made substantial investments in technology, analytics, food processing, logistics and warehouse networks, provides mentorship and investments to many Indian entrepreneurs and brands and operates joint ventures with Clarks, Generali Group among others.

A believer in the group’s corporate credo, ‘Rewrite Rules, Retain Values,’ Kishore Biyani considers Indianness as the core value driving the group. His autobiography, ‘It Happened In India,’ has been translated into a number of languages.

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Future Group India elevates Kamaldeep Singh as Chief Executive Officer of Big Bazaar, based out of Mumbai Metropolitan Region.

He succeeds Sadashiv Nayak who is appointed as Chief Executive Officer of Future Retail Limited on August 25, 2021.

Earlier, Kamaldeep was working as President of Food & FMCG Business with the Future Group India, and he was heading Food & FMCG Business for Future Group for Hyper and Small Format Stores- Big Bazaar, Easyday, Heritage, and HyperCity & Reporting to Group CEO Kishore Biyani.

Kamaldeep has been associated with Future Group since 2008 and has worked in various positions as a business development leader.

Prior to joining Future Group, he was working with Reliance Retail as Senior Manager for almost two years, and earlier he has been associated with Wrigley India.

Kamaldeep is a graduate engineer from Punjab Technical University and holds masters degree in Marketing from the Institue of Rural Management, Anand.

Kishore Biyani is the founder of Big Bazaar, an Indian retail chain of hypermarkets, discount departmental stores and grocery stores. The company provides groceries, food items, kitchen appliances, personal care products, and more.

In the month of January this year, Reliance has acquired Future Group’s Big Bazaar.