Kishore Biyani on Founder Exits

Future Retail was admitted into insolvency at the National Company Law Tribunal in July 2022 after defaulting on loans exceeding Rs 17,000 crore. On 27 July 2024 the NCLT ordered Future Retail's liquidation after no resolution plan was approved within the statutory timeline —.

Wikipedia classifies Future Group as defunct in 2022, acquired by Reliance Industries, with the Fate field reading simply 'Acquired by Reliance Industries'. The corporate entity that Biyani spent three decades building — at one point employing around 50,000 people and spanning insurance, logistics, integrated foods and FMCG — effectively ceased to exist as an independent operating group within a few turbulent years.