KISHORE BIYANI's FUTURE GROUP vs MUKESH AMBANI's RELIANCE RETAIL. Friends, You would have heard of Mr Kishore Biyani, who is the promoter and owner of the future group. If I tell you a bit about Future Group, it started penetrating in the retail sector at an early stage and it grew really well in its early days. Whenever a company grows aggressively, it needs funds from different places. In the same way, even the future group needed the funds for the expansion which they bought in the form of debt from different institutions. Now you know, if the debt is used in the form of expansion and uses it to expand well and its financials and profit does well regularly then there won't be any problem with the taking of debt. But from the time COVID situation came along, the retail sector got impacted pretty bad, People stopped going to retail places cause of which their sales went down, especially of Big Bazaar, which impacted the company bad cause of which their profit got impact
.png)
