Future Consumer Enterprise has acquired 97.97% equity shares of The Nilgiri Dairy Farm (NDFPL) in terms whereof, NDFPL and its subsidiary companies have become subsidiaries of the company. With this acquisition, the company expects to expand geographically by increasing its footprint of convenience stores in south India.
The Nilgiri Dairy Farm is directly, and through its subsidiaries, engaged in the business of, licensing franchisee rights to third parties for operating convenience stores under the 'Nilgiris' brand, manufacturing food, grocery, chocolates, dairy and other products and trading in general merchandise and imported products. While offering a wide assortment of products through the convenience store chain, NDFPL also owns a portfolio of brands in these products. It’s brand 'Nilgiris' has become a household name in the southern part of India, with consumers spanning successive generations.
Future Consumer Enterprise is the alternate investment arm of Future Group, India's largest retailer. The Future Group is a business group, led by Kishore Biyani, focusing on consumption-led businesses in India and is also one of India’s leading organized multi-format retailers.
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