| Manufacturing and Trading | Manufacturing and trading apparel and accessories across various brands. | Strong brand heritage, extensive retail footprint, and diversified product portfolio. | Primarily B2C urban retail customers and some B2B multi-brand outlets. | Exclusive fashion brands and premium apparel segments. | 738 | 52 | Revenue mainly through sales of apparel and merchandise to retailers and consumers. | Direct sales through company-owned and franchise stores. | Brand recognition, expanding store formats, consumer fashion trends. | Pantaloons, John Miller, BARE jeans |
| Leasing and Others | Leasing retail spaces, mall operations, and other asset leasing. | Exclusive mall locations, integrated mall management expertise. | Commercial tenants including retail brands and service providers. | Prime commercial mall properties. | 345 | 24 | Rental income from retail mall properties and leasing agreements. | Long-term leasing contracts and leasing fees. | Increasing mall footfall, demand for retail spaces. | Central Malls, Future Real Estate Properties |
| Logistics | Warehousing, transportation, temperature-controlled logistics and last-mile delivery solutions. | Advanced technology infrastructure, pan-India distribution network. | B2B focus serving internal retail group and external clients. | Temperature-controlled and technology-driven logistics services. | 507 | 24 | Service fees from supply chain and logistics services to retail and FMCG clients. | Contractual logistics and supply chain management fees. | Growth in e-commerce, retail distribution needs, technology-enabled services. | Future Supply Chain Solutions Ltd |
