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    Pantaloon Retail LTD

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    Ker Shni
    Pantaloon Retail is the flagship enterprise of the Future Group, with a presence across multiple lines of business. The company owns and manages multiple retail formats that cater to a wide cross-section of Indian society. Headquartered in Mumbai (Bombay), the company operates through four million square feet of retail space, has over 140 stores across 32 cities in India and employs over 14,000 people. The company registered a turnover of Rs 2,019 crore for FY 2005-06. Pantaloon Retail forayed into retail in 1997 with the launching of its fashion retail chain, Pantaloons in Kolkata. In 2001, it launched Big Bazaar, a hypermarket chain. This was followed by Food Bazaar, a food and grocery chain. Next up was Central, a first of its kind located in the heart of major Indian cities. Some of its other formats include, Collection i (home improvement products), E-Zone (consumer electronics), Depot (books, music, gifts and stationary), aLL (a Little Larger, fashion apparel for plus-size individuals), Shoe Factory (footwear) and Blue Sky (fashion accessories). It has recently launched its e-business venture, futurebazaar.com. The group's subsidiary companies include, Home Solutions Retail India Ltd, Pantaloon Industries Ltd, Galaxy Entertainment and Indus League Clothing. The group also has joint venture companies with a number of partners including French retailer Etam group, Lee Cooper, Manipal Healthcare,

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    Pantaloon Retail LTD

    Uploaded by

    Ker Shni
    151 views2 pages
    Pantaloon Retail is the flagship enterprise of the Future Group, with a presence across multiple lines of business. The company owns and manages multiple retail formats that cater to a wide cross-section of Indian society. Headquartered in Mumbai (Bombay), the company operates through four million square feet of retail space, has over 140 stores across 32 cities in India and employs over 14,000 people. The company registered a turnover of Rs 2,019 crore for FY 2005-06. Pantaloon Retail forayed into retail in 1997 with the launching of its fashion retail chain, Pantaloons in Kolkata. In 2001, it launched Big Bazaar, a hypermarket chain. This was followed by Food Bazaar, a food and grocery chain. Next up was Central, a first of its kind located in the heart of major Indian cities. Some of its other formats include, Collection i (home improvement products), E-Zone (consumer electronics), Depot (books, music, gifts and stationary), aLL (a Little Larger, fashion apparel for plus-size individuals), Shoe Factory (footwear) and Blue Sky (fashion accessories). It has recently launched its e-business venture, futurebazaar.com. The group's subsidiary companies include, Home Solutions Retail India Ltd, Pantaloon Industries Ltd, Galaxy Entertainment and Indus League Clothing. The group also has joint venture companies with a number of partners including French retailer Etam group, Lee Cooper, Manipal Healthcare,

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    Pantaloon Retail is the flagship enterprise of the Future Group, with a presence across multiple lines of business. The company owns and manages multiple retail formats that cater to a wide cross-section of Indian society. Headquartered in Mumbai (Bombay), the company operates through four million square feet of retail space, has over 140 stores across 32 cities in India and employs over 14,000 people. The company registered a turnover of Rs 2,019 crore for FY 2005-06. Pantaloon Retail forayed into retail in 1997 with the launching of its fashion retail chain, Pantaloons in Kolkata. In 2001, it launched Big Bazaar, a hypermarket chain. This was followed by Food Bazaar, a food and grocery chain. Next up was Central, a first of its kind located in the heart of major Indian cities. Some of its other formats include, Collection i (home improvement products), E-Zone (consumer electronics), Depot (books, music, gifts and stationary), aLL (a Little Larger, fashion apparel for plus-size individuals), Shoe Factory (footwear) and Blue Sky (fashion accessories). It has recently launched its e-business venture, futurebazaar.com. The group's subsidiary companies include, Home Solutions Retail India Ltd, Pantaloon Industries Ltd, Galaxy Entertainment and Indus League Clothing. The group also has joint venture companies with a number of partners including French retailer Etam group, Lee Cooper, Manipal Healthcare,

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    Download as PDF, TXT or read online from Scribd
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    151 views2 pages

    Pantaloon Retail LTD

    Uploaded by

    Ker Shni
    Pantaloon Retail is the flagship enterprise of the Future Group, with a presence across multiple lines of business. The company owns and manages multiple retail formats that cater to a wide cross-section of Indian society. Headquartered in Mumbai (Bombay), the company operates through four million square feet of retail space, has over 140 stores across 32 cities in India and employs over 14,000 people. The company registered a turnover of Rs 2,019 crore for FY 2005-06. Pantaloon Retail forayed into retail in 1997 with the launching of its fashion retail chain, Pantaloons in Kolkata. In 2001, it launched Big Bazaar, a hypermarket chain. This was followed by Food Bazaar, a food and grocery chain. Next up was Central, a first of its kind located in the heart of major Indian cities. Some of its other formats include, Collection i (home improvement products), E-Zone (consumer electronics), Depot (books, music, gifts and stationary), aLL (a Little Larger, fashion apparel for plus-size individuals), Shoe Factory (footwear) and Blue Sky (fashion accessories). It has recently launched its e-business venture, futurebazaar.com. The group's subsidiary companies include, Home Solutions Retail India Ltd, Pantaloon Industries Ltd, Galaxy Entertainment and Indus League Clothing. The group also has joint venture companies with a number of partners including French retailer Etam group, Lee Cooper, Manipal Healthcare,

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    PANTALOON RETAIL (INDIA)

    IMPROVING CONTROL WITH THE SAP GENERAL LEDGER APPLICATION


    QUICK FACTS
    Industry Retail Revenue Rs4,776.33 (in crores) around US$1.01 billion Employees 30,000 Headquarters Mumbai, India Web Site www.pantaloon.com SAP Solutions and Services SAP General Ledger application, SAP General Ledger Migration service for subsequent implementation of document splitting tool Implementation Partner SAP Consulting Key Challenges Improve financial tracking and reporting for all retail locations and business levels Enhance decision making by providing more granular, real-time information Support financial accounting needs of a rapidly expanding retail business Expedite the reconciliation and closing processes Why SAP Was Selected Pantaloons successful track record with SAP software The softwares scalability and ease of integration The softwares ability to meet company needs (a perfect fit for an enterprisewide implementation) Complete data integrity and real-time updates Expert support during migration effort, including support for document splitting Low Total Cost of Ownership Significantly reduced infrastructure and processing costs Reduced database growth by around 500 GB per year via document summarization at profit center level Completed project on time, in just 4 months Operational Benets Greater visibility of AR and AP throughout profit centers Increased business transparency via drilldown reporting capabilities Real-time, continuous reconciliation of cost elements and expense accounts, freeing up personnel for more value-added activities Ability to close books 15% to 20% faster 5% to 10% reduction in accounts receivables

    Implementation Best Practices Received executive sponsorship at the CFO level Leveraged a combined team of SAP consultants and in-house experts Used the ASAP methodology Minimized business process reengineering

    Indias leading retailer, Pantaloon Retail (India) Limited, has seen rapid growth in its many market segments and retail formats. But with more than 2,000 sites across India, the company had difficulty tracking the financial information of each location. Pantaloon migrated to the SAP General Ledger application and gained greater site-specific financial visibility and accelerated its month-end closing processes.

    Financial and Strategic Benets Greater business insights through more accurate and timely financial information Lower costs via convergence of financial accounting and controlling Enhanced data quality Easier compliance with regulatory requirements via the SAP parallel accounting feature

    SAP Business Transformation Study Retail

    We gained many benefits from SAP General Ledger, including financial visibility at the profit center level, parallel reporting, and reduced infrastructure costs.
    Chandra Prakash Toshniwal, CFO, Pantaloon Retail (India) Limited

    www.sap.com /contactsap

    Managing Exponential Growth


    Pantaloon Retail (India) Limited has seen tremendous growth in recent years, and today the company operates in more than 70 cities across India at over 2,000 individual sites. In fact, Pantaloon is the countrys largest retailer, with multiple group companies and retailing channels that offer consumers everything from food and fashion to books and beauty products. To effectively manage such a diverse and wide-spread enterprise, Pantaloon needs visibility into financial information throughout its operations including profits centers and the various lines of businesses and individual locations. But as the company expanded, managers found it more and more difficult to track the financial position of each site and business level.

    Ensuring a Smooth Migration

    SAP General Ledger makes it easier for the company to create unified reports for ensuring compliance with a variety To mitigate the challenge of migrating to of regulatory requirements. Moreover, SAP General Ledger simultaneously since Pantaloons data is stored only across 12 different group companies, once in the system (in a single totals Pantaloon engaged SAP Consulting to table), data redundancy is no longer an assist its internal team. It also opted to issue resulting in more accurate use the SAP General Ledger Migration reporting. Overall, company employees service. As Ushir Bhatt, CEO of Future have faster access to higher-quality Knowledge Services Limited,* notes, SAP Consulting did a great job in helping information. The end result: better decision making by Pantaloon managers. us execute this critical project. With excellent teamwork among the Pantaloon and SAP personnel, the project was completed on time and in only four months. Looking Forward Pantaloon plans to use other functions of SAP General Ledger as well. Parallel reporting, for example, will make it easier for the company to manage the different fiscal year variants used by its individual businesses. Pantaloon will also benefits from this feature when India converges with International Financial Reporting Standards (IFRS), planned for 2011.

    Enabling Greater Visibility and Faster Operations

    These days, SAP General Ledger gives Pantaloon a higher level of transparency into individual operations and helps it continually drive productivity improvements With its earlier implementation of across the enterprise. For example, Panthe SAP ERP Financials solution, taloon can now automatically split Pantaloon actually had general ledger accounting line items per document for (GL) solutions activated and available each company profit center. And, because for use based on a broader unified data- these transactions are handled by the base while classic G/L tables were also software, the company no longer needs filled simultaneously. As the companys to make period adjustments to balance base of operations grew to include over sheet and profit and loss statements. 2,000 stores, Pantaloon decided it was With the document splitting tool, time to migrate to the SAP General Led- Pantaloon now has a real-time, complete ger application. Specifically, it wanted to picture of its accounts receivables and payables across all operational levels, take advantage of document splitting which has enabled it to reduce receivfeatures and the real-time integration ables by up to 10%. In addition, it is now between financial accounting and able to close the monthly books 20% fastcontrolling. er, due to tight integration between financials and controlling components and real-time reconciliation capabilities.

    *Like Pantaloon, Future Knowledge Services Limited is also a Future Group company.

    50 095 740 (09/07)


    2009 by SAP AG. All rights reserved. SAP, R/3, SAP NetWeaver, Duet, PartnerEdge, ByDesign, SAP Business ByDesign, and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and other countries. Business Objects and the Business Objects logo, BusinessObjects, Crystal Reports, Crystal Decisions, Web Intelligence, Xcelsius, and other Business Objects products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of Business Objects S.A. in the United States and in other countries. Business Objects is an SAP company. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serves informational purposes only. National product specications may vary. These materials are subject to change without notice. These materials are provided by SAP AG and its aliated companies (SAP Group) for informational purposes only, without representation or warranty of any kind, and SAP Group shall not be liable for errors or omissions with respect to the materials. The only warranties for SAP Group products and services are those that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty.

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