Mayur Toshniwal does not disappoint in his astute views on life, leadership and... biology!
Biology is the subject he hates, understanding personalities is what he loves, managing operations at Future Group is what he does. Mayur Toshniwal – President, Retail Operations (Value Formats) of Future Group comes out as a man who possesses a diversified personality, and not just because of his mix of mechanical engineering (from IT-BHU, Varanasi) and MBA (from IIM Ahmedabad).
Toshniwal started his corporate journey at the mecca of marketing learning, Asian Paints. But with his penchant for commerce and the personal quest to indulge in business, through his seven years tenure in Asian Paints and then in Coca Cola, he relentlessly kept hunting for something new. And his hunt came to an end when one day he met Kishore Biyani, the owner of Future Group, and in just 15 minutes flat decided to join the group as the CEO of North India.
That was five years back. But the journey till date, which he has cherished, has not been as hunky dory as it might seem – for as Future Group proliferated from Pantaloon to other different formats like Food Bazaar and Big Bazaar, Mayur’s challenges also started increasing. Moreover, with the responsibility of the pan India retail operations for the Rs.10,000 crore group, things were as complex as one could handle. “But it’s always interesting as you not only have new formats, but also have new cities adding bringing new challenges,” says Toshniwal.
But what about the growth target of 40% that Future Group had aimed for with respect to Pantaloon Retail India Ltd (which owns the brands of Big Bazaar, Food Bazaar etc)? Especially as the same-store-sales grew only by 5.7% in the first half of 2009 (Jan-June) and home retailing in fact declined by 4.8%. How logical was it to expand so much during the last year? “Yes, the last three years we have done major expansions; we entered in various new formats; Food Bazaar was established as a standalone store etc – we estimated that India will be a hub for a robust retail industry. It was the slowdown and rising real estate cost that affected the industry. But irrespective of that, grocery and food retailing format of out store has grown more that our expectation,” explains Toshniwal.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2010.
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
The Sunday Indian:- B-SCHOOL RANKING SCAMSTERS EXPOSED!
For Exclusive Footage by Sunday Indian Click Here
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Don't trust the Indian Media!
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IIPM - Admission Procedure
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Biology is the subject he hates, understanding personalities is what he loves, managing operations at Future Group is what he does. Mayur Toshniwal – President, Retail Operations (Value Formats) of Future Group comes out as a man who possesses a diversified personality, and not just because of his mix of mechanical engineering (from IT-BHU, Varanasi) and MBA (from IIM Ahmedabad).
Toshniwal started his corporate journey at the mecca of marketing learning, Asian Paints. But with his penchant for commerce and the personal quest to indulge in business, through his seven years tenure in Asian Paints and then in Coca Cola, he relentlessly kept hunting for something new. And his hunt came to an end when one day he met Kishore Biyani, the owner of Future Group, and in just 15 minutes flat decided to join the group as the CEO of North India.
That was five years back. But the journey till date, which he has cherished, has not been as hunky dory as it might seem – for as Future Group proliferated from Pantaloon to other different formats like Food Bazaar and Big Bazaar, Mayur’s challenges also started increasing. Moreover, with the responsibility of the pan India retail operations for the Rs.10,000 crore group, things were as complex as one could handle. “But it’s always interesting as you not only have new formats, but also have new cities adding bringing new challenges,” says Toshniwal.
But what about the growth target of 40% that Future Group had aimed for with respect to Pantaloon Retail India Ltd (which owns the brands of Big Bazaar, Food Bazaar etc)? Especially as the same-store-sales grew only by 5.7% in the first half of 2009 (Jan-June) and home retailing in fact declined by 4.8%. How logical was it to expand so much during the last year? “Yes, the last three years we have done major expansions; we entered in various new formats; Food Bazaar was established as a standalone store etc – we estimated that India will be a hub for a robust retail industry. It was the slowdown and rising real estate cost that affected the industry. But irrespective of that, grocery and food retailing format of out store has grown more that our expectation,” explains Toshniwal.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2010.
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
The Sunday Indian:- B-SCHOOL RANKING SCAMSTERS EXPOSED!For Exclusive Footage by Sunday Indian Click Here
Outlook Magazine's B School Ranking Scam Exposed
Don't trust the Indian Media!
IIPM Related Links
Management guru Arindam Chaudhuri’s latest blockbuster book, Discover The Diamond In You
IIPM - Admission Procedure
IIPM, GURGAON
IIPM 3-year full-time Integrated (MBA BBA) Programme
IIPM 2-year full time Programme (leading to the award of the MBA degree from IMI)
B-schools expect higher rate of campus placements this year
Exclusive In chat with Society Magazine - Prof. Arindam Chaudhuri
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