Biyani”s Future group ran into financial trouble earlier this year after his listed entity Future Retail defaulted on debt repayment and lenders invoked pledged shares, a drastic low for a man who in 2019 was listed as the 80th richest Indian with USD 1.78 billion (around Rs 13,016 crore) wealth by Forbes.
According to some report, the debt of Future Group has now expanded to around Rs 13,000 crore and most of the shares of the promoter’s group are pledged.

-OutLook India

Business is hard. Retail business is harder.