Future Grp starts finance shops
Future Capital Holdings, a part of the Future Group, is all set to open 100 stores within the Future Group outlets in 2011-12.business Updated: Apr 05, 2011 21:47 IST
Future Capital Holdings, a part of the Future Group, is all set to open 100 stores within the Future Group outlets in 2011-12. This means, now you can go to a Big Bazaar store and get a home or an auto loan or simply withdraw money from an ATM.
The company said it expects an additional revenue of Rs 1,000 crore from this initiative.
“We will be opening these stores within the Big Bazaar, E-Zone and Home Town outlets,” said V Vaidyanathan, vice-chairman and managing director, Future Capital.
“These stores will deliver complete financial services needs and there are possibilities of many more opportunities emerging out of this initiative,” he said .
“This is the lowest cost of acquiring business leads. Our services will be offered at competitive rates,” said Kishore Biyani, promoter, Future Capital.
Future Capital will leverage the large customer franchisee of the Future Group stores to generate leads for its financial services. Future Group has tried a similar thing to sell Mallassuarance — a Future Group and the Italian insurer Assicurazioni Generali joint-venture to sell insurance to shoppers frequenting malls.
Future Capital superstores would be in the sizes ranging 150-350 square feet. Financial needs including car loans, home loans, property loans, ATM facilities will be disbursed from these stores. The company aims over 100,000 customer acquisitions in a year.