When you’re searching for the perfect pair of footwear, it’s crucial to consider which brand is behind them. India’s footwear market has exploded over recent years, becoming a hub of both international and homegrown brands vying for your attention.
Amongst this crowd of contenders, ten companies stand head and heels above the rest. Their dedication to quality, style and comfort have set them apart in a fiercely competitive industry. These firms don’t just make shoes; they craft experiences.
From traditional Indian sandals to athletic trainers and high-end formal shoes, these companies offer something for everyone. Whether you’re running errands or running a marathon, attending a business meeting or a wedding party, the top 10 footwear companies in India have got you covered.
Footwear Industry in India
- The Indian Footwear market is projected to grow by 4.84% (2023-2028), resulting in a market volume of US$31.49 billion in 2028.
- The Indian Footwear market size reached USD 15.1 billion in 2022, and it is expected to reach USD 31.2 billion by 2028, exhibiting a growth rate of 12% CAGR during 2023-2028.
- India is the second-largest producer of footwear in the world, with a 10.7% contribution to global footwear production.
- The footwear industry in India is a combination of both traditional and modern sectors, manufacturing both leather and non-leather footwear.
- There are nearly 4,000 units engaged in manufacturing footwear in India, with small scale units dominating the industry with a total production of 55% .
- Exports of Footwear in India increased to 2525.30 USD Million in 2022 from 2510.38 USD Million in 2021.
- India’s domestic footwear consumption is estimated to be about 90% .
- The Indian footwear market is divided into males and females, with the female segment holding the largest market share compared to male consumers.
- E-commerce platforms and the growing penetration of internet connectivity have revolutionized the way consumers shop for footwear, giving a significant boost to the industry in recent years.
Footwear Companies in India
- Adidas India Marketing Pvt Ltd
- Bata India Ltd
- Khadim India Ltd
- Liberty Shoes Ltd
- Lakhani Footwear Pvt. Ltd
- Mirza International Ltd. (Red Tape)
- Puma Sports India Pvt. Ltd
- Campus Activewear
- Relaxo Footwears Ltd
- Paragon
| Company Name | Revenue (INR Crores) 2022 |
|---|---|
| Adidas India Marketing Pvt Ltd | 500 |
| Bata India Ltd | 3,451 |
| Khadim India Ltd | 591 |
| Liberty Shoes Ltd | 654 |
| Lakhani Footwear Pvt. Ltd | Between 100 and 500 |
| Mirza International Ltd. (Red Tape) | 1,641 |
| Puma Sports India Pvt. Ltd | 3000 |
| Campus Activewear | 1200 |
| Relaxo Footwears Ltd | 2764 |
| Paragon | 1 crore |
- Adidas India Marketing Pvt Ltd
- Revenue (INR Crores) 2022: 500
- Bata India Ltd
- Revenue (INR Crores) 2022: 3,451.57
- Khadim India Ltd
- Revenue (INR Crores) 2022: 591.08
- Liberty Shoes Ltd
- Revenue (INR Crores) 2022: 654.33
- Lakhani Footwear Pvt. Ltd
- Revenue (INR Crores) 2022: Between 100 and 500
- Mirza International Ltd. (Red Tape)
- Revenue (INR Crores) 2022: 1,641.32
- Puma Sports India Pvt. Ltd
- Revenue (INR Crores) 2022: 3000
- Campus Activewear
- Revenue (INR Crores) 2022: 1200
- Relaxo Footwears Ltd
- Revenue (INR Crores) 2022: 2764.14
- Paragon
- Revenue (INR Crores) 2022: 1
1. Adidas India Marketing Pvt Ltd
Adidas India Marketing Pvt Ltd is a key player in the Indian footwear industry. This subsidiary of the global sportswear giant, Adidas AG, was incorporated on December 22, 1995. With its headquarters nestled in Gurgaon, Haryana, the company has made quite an impact in India.
For the financial year ending March 31, 2022, they reported impressive operating revenues exceeding INR 500 crores. That’s not all – their EBITDA saw a whopping increase of over 167.53% compared to the previous year! Clearly, they’re financially sound and thriving.
At the end of last year (December 31st), Adidas India boasted a total of over 59K employees. They’ve built an environment where employees are compensated fairly for their work and enjoy competitive benefits too.
Products wise – they’ve got you covered from head to toe! From sports shoes to apparel and accessories for men, women and children – there’s something for everyone!
Their primary clients are retail consumers with a love for sports or just being fit! Their aim is to cater to your athletic needs and style preferences.
Their HQ is located at Office No.6 on the second floor of Sector B in Pocket No.7 at Plot No.11 Vasant Kunj New Delhi.
One major feather in their cap has been significant growth within our Indian market itself – with revenue increasing by a staggering 22% during financial year ’16-’17! They’ve entered into influencer marketing deals with well-known faces who promote their products across various digital platforms. Similar to the footwear industry’s embrace of technology, India’s automobile sector is also advancing rapidly. Discover leading automobile companies in India.
Since its inception back in ’95 as part of Adidas AG family, they’ve grown leaps and bounds becoming one of our countries most loved sportswear brands.
In terms of R&D, they leverage the group’s extensive resources to keep innovating and improving product lines. Being a subsidiary of Adidas Group is just one part of their global connection. They also partner with celebrated sportspeople and movie stars who act as brand ambassadors for their products.
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2. Bata India Ltd
Let’s dive into the world of Bata India Ltd, a leading footwear giant in India. With a staggering revenue of INR 3,451.57 crores and a net profit of INR 319.12 crores in the financial year 2022, it’s easy to see why this company is at the top.
| Financial Year | Revenue (INR Crores) | Net Profit (INR Crores) |
|---|---|---|
| 2022 | 3,451 | 319 |
Bata India Ltd boasts an impressive workforce of over 9,762 employees as of 2022. Their main products range from leather footwear to rubber/canvas footwear and plastic footwear too.
Their key clients are as diverse as their product line, targeting not just individual consumers but large sectors such as the army, police and mining businesses across various locations.
The headquarters for Bata India Ltd is nestled in Gurgaon, Haryana at Bata House – a hub where all their innovative ideas come to life.
This illustrious company has earned its rank as India’s largest footwear retailer through sheer hard work and strategic planning – with an expansive retail network comprising over 1,375 stores spread across every nook and corner of the country!
One notable project under their belt is the special purpose vehicle Riverbank Holdings Pvt Ltd. Developed in partnership with Calcutta Metropolitan Group Ltd., it focuses on developing around 262 acres of land in Batanagar.
The roots of Bata India stretch back to 1931 when it was incorporated as Bata Shoe Company Pvt. Ltd. It started off with a small operation in Konnagar near Calcutta in 1932 before going public in ’73 and changing its name to what we know today: Bata India Ltd.
They’ve made their presence felt throughout India with 1,569 stores including franchisee outlets. Their ongoing innovation keeps them ahead of the curve, consistently modernising manufacturing units in Batanagar (West Bengal), Bataganj (Bihar) and Southcan (Karnataka).
Their incredible work has not gone unnoticed. Bata India Ltd bagged the prestigious Consumer Awards 2010 as India’s Most Preferred Retailer by CNBC Awaaz.
They’ve expanded operations beyond their main brand too, with four strategically located manufacturing units in India and a wholly-owned subsidiary, Way Finders Brands Limited formed in 2014.
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3. Khadim India Ltd
Stepping into the spotlight, we have Khadim India Ltd. Known for its significant presence in the Indian footwear scene, this company was established back in 1981. With headquarters nestled in Kolkata, Khadim operates two main business segments: retail and distribution. At present, it boasts a staggering 782 branded retail stores and collaborates with 627 distributors across 23 states and one union territory in India.
In terms of financial performance, for the fiscal year of 2022, the company reported a revenue that soared to ₹591.08 crores with a profit marking ₹6.46 crores.
| Fiscal Year | Revenue (in crores) | Profit (in crores) |
|---|---|---|
| 2022 | 591 | 6 |
Moving on to their workforce, Khadim employs as many as 1935 individuals who work tirelessly to keep your feet looking stylish!
Khadim’s product portfolio is nothing short of impressive – from leather sandals to sporty kicks; they’ve got you covered! Their target audience encompasses middle and upper-middle-income consumers residing in metros, mini metros and Tier I-III cities.
Fast forward to key milestones achieved by this esteemed brand; Shri S P Roy Burman bagged the Baijnath Bhiwaniwalla Memorial Trophy back in ’01-’02 recognising his efforts towards promoting new entrepreneurship.
Further highlighting their success story was an eventful Business Partners’ Meet held in Kolkata during 2022 where they revealed their latest collection.
It all began with a humble footwear store called KM Khadim & Company based out of Chitpur which came under Satya Prasad Roy Burman’s ownership in ’65 before being incorporated as today’s Khadim India Ltd in 1981.
Speaking of market share, Khadim comfortably sits as the second-largest footwear retailer within India and enjoys being the top choice in East India while also remaining one of the top three players in South India.
To keep up with ever-changing customer preferences, Khadim places significant emphasis on product innovation and premium offerings. Their commitment to excellence was acknowledged by Bharat Chamber of Commerce honouring Shri S P Roy Burman for his standout performance as a New Entrepreneur in the Footwear Industry back in ’02.
4. Liberty Shoes Ltd
Hailed as one of the top footwear companies in India, Liberty Shoes Ltd has been making strides since it was established back in 1955. It’s now recognised globally, sitting proudly amongst the top five manufacturers of leather footwear worldwide.
Financially speaking, Liberty Shoes Ltd has proven its worth. In the fiscal year 2022 alone, they reported a net sales income of an impressive 654.33 crores. And that’s not all – their net profit for the same period reached a cool 12.91 crores.
With a workforce numbering approximately 2,334 individuals as of 2022, it’s clear that this company is no small operation. Their team works tirelessly to produce an extensive range of products catering to diverse age groups and needs.
Here are some key product offerings from Liberty Shoes Ltd:
- Formal shoes
- Casual shoes
- Sporty casuals
- School shoes
- Sports shoes
- Fashion footwear
And they’re not just about shoes – they’ve also branched out into accessories like leather bags, shoe care products and foot care items.
Liberty Shoes Ltd caters to customers across an impressive spread of 25 countries including fashion hotspots like France, Italy and Germany. Their clientele isn’t limited to individual consumers either; retailers also count themselves amongst their satisfied customers.
Their headquarters can be found at Liberty House on Liberty Road in Karnal-132001 Haryana – right where it all began back in 1955 when three entrepreneurs dared to dream big.
From those humble beginnings where they were producing just four pairs of shoes per day, Liberty Shoes Ltd now manufactures over 50,000 pairs daily! With an annual turnover exceeding an astonishing 600 crores!
They didn’t do it alone though; strategic partnerships have played a part too; particularly their collaboration with Balbir Singh & Sons back in ’83 which helped expand their distribution network and establish exclusive showrooms.
Liberty Shoes Ltd has come a long way from its roots as a small shoe manufacturing unit in Karnal, Haryana. Today, it stands tall on the global stage as one of the leading manufacturers of leather footwear.
They’ve managed to capture a significant chunk of the market share too – particularly in North India where they command almost 80% of the local market!
Innovation and technology are at the heart of everything they do; their top-performing brand, Healers, is testament to this commitment with its focus on consumer comfort and latest comfort technologies.
Liberty Shoes Ltd was listed among the top 100 brands in The Economic Times ‘Most Trusted Brands’ survey back in 2008.
5. Lakhani Footwear Pvt. Ltd
Dive into the world of Lakhani Footwear Pvt. Ltd., a titan in India’s footwear industry. Established back in 1986, this renowned company has its headquarters nesting comfortably in Faridabad, Haryana, India.
With an impressive operating revenue ranging between INR 100 crores to INR 500 crores for the financial year ending on 31 March 2022. The company’s EBITDA saw an increase of 10.24% over the past year while its net worth rose by 2.23%.
| Year Ending | Operating Revenue (INR Crores) | EBITDA Increase (%) | Net Worth Increase (%) |
|---|---|---|---|
| March 2022 | Between INR 100 and INR 500 | 10 | 2 |
As of now, Lakhani employs anywhere between 201 to 500 dedicated professionals who are passionate about producing top-quality footwear.
The diverse product offerings from Lakhani make it stand out among competitors – they’re known as the largest producer of Sports Shoes, Beach Slippers, PU Injected Sports Shoes and PVC Injected Sports Shoes with an astounding capacity of churning out over 55.5 million pairs per year! They also manufacture other types of footwear such as cemented shoes, vulcanized shoes, leather shoes and slippers. Parallel to the footwear industry, India’s textile sector also boasts a rich diversity in products. Explore prominent textile companies in India.
They’ve earned their stripes by partnering with some pretty prestigious brands too – notably Adidas for whom they’ve been manufacturing sports shoes for more than two decades now.
Here’s where you can find them: Plot No:130 Sector-24 Faridabad Haryana India. One way Lakhani has made its mark in the industry is by Prioritising both style and comfort. They’ve successfully elevated the footwear market with their innovative designs and quality products.
Perhaps one of their most noteworthy partnerships is with Adidas, a global sports apparel manufacturing giant. For 21 years now, they’ve been providing Adidas with sports shoes that are high on performance and style.
Lakhani’s journey began back in 1986, from then till now it has grown leaps and bounds to become a respected name in the footwear manufacturing space. It operates state-of-the-art plants located at Faridabad (Haryana), Dhar (MP), Haridwar (Uttaranchal), and Noida (Uttar Pradesh) where they manufacture a wide array of footwear.
Research and Development is a focal point at Lakhani Footwear Pvt. Ltd. The company invests significant resources in understanding current trends and technological advancements to create new products that resonate with customers’ preferences.
6. Mirza International Ltd. (Red Tape)
Mirza International Ltd., fondly known for its popular brand Red Tape, is a significant player in India’s footwear industry. In the fiscal year 2022, the company reported an impressive gross revenue from operations of ₹1,641.32 crores and a net profit of ₹110.44 crores.
| Fiscal Year | Gross Revenue | Net Profit |
|---|---|---|
| 2022 | ₹1,641 Crore | ₹110 Crore |
With approximately 3,171 employees on board as of 2022. From leather footwear to apparels and accessories, Mirza International has an expansive product portfolio with renowned brands like Red Tape, Bond Street and Oaktrak under its umbrella.
The company’s clientele is as diverse as its product range – boasting partnerships with leading global footwear retailers and operating a chain of stores across India selling under the Red Tape brand.
Mirza international has made quite a mark in terms of location too! The head office resides at Civil Lines in Kanpur while it operates corporate and marketing offices out of New Delhi.
It bagged the IFCOMA Excellence Award back in 2004 amongst other recognitions for excellence in export performance by the Council for Leather Exports in 1998.
Not one to rest on their laurels though, they’ve expanded their presence globally including countries such as UK, Portugal and USA among others since inception by Mr.Irshad Mirza & Mr.Rashid Ahmed Mirza back in 1979!
Their market share tells another success story – mainly thanks to increasing sales from their very own Red Tape brand products. This wasn’t always the case though; starting as a small tannery unit, the company rose to become one of India’s largest exporters of finished leather before breaking into the footwear industry in 1990.
Innovation remains at the heart of Mirza International with considerable resources invested into research and development. They’ve also got a fully owned subsidiary – Mirza (H.K) Limited. And who better than Bollywood’s Salman Khan endorsing Red Tape brand while actress Kangana Ranaut represents Red Tape Gal brand for women.
7. Puma Sports India Pvt. Ltd
Puma’s track record in India is nothing short of spectacular. In the financial year 2022, they reported an annual revenue of about 30 billion Indian rupees, that’s a whopping 3000 crores! Their revenue has more than doubled compared to the financial year 2019 and even outperformed combined sales of competitors Nike, Adidas, and Reebok.
With a workforce spanning over 120 countries, Puma supports more than 20,000 employees. Key products are performance footwear, sportswear and accessories with strong sales in their RS, RIDER and CALI ranges. Additionally, their COBRA Golf and PUMA Golf business also had a successful year.
Individual consumers make up the bulk of Puma’s clientele – fitness enthusiasts who enjoy getting decked out in athletic leisure or ‘athleisure’ wear. With people becoming increasingly conscious about health and fitness, this trend has contributed significantly to rising sales figures.
Having its registered address at the bustling hub of Kariyammana Agrahara – Tower B on the second floor of “2Gethr Hub”, Puma Sports India Pvt Limited has been incorporated since September 2005.
In fact, it was listed by Financial Times as a Leader in Diversity for Europe in 2022 while Forbes named it one among World’s Top (50) Female-Friendly Companies.
Sporting achievements aside; partnerships play an equally crucial role for Puma. They’ve worked alongside notable athletes like Usain Bolt or Serena Williams but have also collaborated with influential celebrities outside sports to launch merchandising lines that appeal to different demographics.
Continuing innovation is vital for Puma. They’ve made progress in the performance footwear segment, introducing their PUMA ULTRA and FUTURE Z football boots and running & training shoes featuring their proprietary NITRO cushioning technology.
Of course, recognition for all these efforts isn’t far behind. For instance, they received the coveted Great Place to Work Award in Argentina for the third time and India for the fourth year consecutively in 2022.
The PUMA Group not only owns brand ‘PUMA’ but also Cobra Golf and stichd under its subsidiaries and acquisitions. Amongst notable persons associated with them are sportsmen like Virat Kohli and KL Rahul from India.
8. Campus Activewear
Born and bred in New Delhi, Campus Activewear stands as one of the leading sports and athleisure footwear brands across India. Established back in 2005, it’s been a resounding force in the industry. The company takes pride in manufacturing and distributing high-quality footwear and accessories to its vast customer base through both retail stores and online platforms.
It’s important to note that Campus Activewear reported an impressive operating revenue of about 12 billion Indian rupees for the financial year 2022. That’s equivalent to a whopping 1200 crores! This is a testament to their robust business model which employs over 780 dedicated individuals.
They’ve got everything from sporty sneakers to everyday casuals under their flagship brand, ‘Campus’. With an extensive network of multi-brand retail stores, company-owned outlets, and e-commerce websites, they sell over 2,100 active styles for men, women, kids – basically everyone in your family.
Here are some key details:
- Revenue (FY 2022): ₹12 billion
- Number of Employees: 782
- Main Products/Services: Sports & Casual Footwear
- Key Clients: General Public
- Headquarters: D1, Udyog Nagar, Main Rohtak Road, New Delhi -110041 India
One major feather in their cap is being the first domestic shoe manufacturer receiving the prestigious license from the Bureau of Indian Standards (BIS). This achievement genuinely highlights their unwavering commitment towards delivering top-notch quality products while always keeping customer satisfaction at heart.
With its inception back in 2005 till now has seen exponential growth making them one of India’s largest sports footwear brands. Their influence run deep – acquiring a solid market share of around17% within branded sports footwear between FY2019-21 makes them one of the fastest growing brand names out there.
Their dedication to perfection is not limited to just their products. It extends from the initial designing stage, through manufacturing and finally delivering the highest standard of footwear possible.
In 2022, Campus Activewear bagged yet another prestigious recognition – they became the first domestic shoe manufacturer to be licensed by Bureau of Indian Standards (BIS). This highlights their industry-leading standards and commitment to quality.
The company’s growth strategy also includes leveraging social media influencers for brand advertising. These influencers play a pivotal role in how consumers perceive their brand and contribute significantly towards its growth.
9. Relaxo Footwears Ltd
For a household name in the Indian footwear industry, look no further than Relaxo Footwears Ltd. Incorporated in 1984, it’s been serving India’s need for quality footwear for nearly four decades. It’s not just a popular choice amongst consumers either – Relaxo is also the largest footwear manufacturer in India, and its impressive track record has earned it a place among the top 500 Most Valuable Companies in the country.
Relaxo boasts an extensive product portfolio. From slippers to sandals, sports shoes to casual wear – you’ll find something for every occasion with their distinct brands like Sparx, Flite, and Bahamas. The company continues to grow its footprint across India through retail outlets and major e-commerce portals.
In the financial year 2022 alone, Relaxo reported operational revenue of approximately 2,764.14 crores INR ($374 million), with profit after tax reaching 154.47 crores INR ($20 million). And let’s not overlook their employment contribution – as of 2022 they have over 8k employees on payroll.
| Financial Year | Revenue (INR Crore) | Profit After Tax (INR Crore) |
|---|---|---|
| FY22 | 2,764 | 154 |
Relaxo are making big moves into digital transformation initiatives too:
- Microsoft Azure Cloud Services for Application Hosting and Computing Services purchased in 2016
- Microsoft 365 Collaboration tools bought in the same year
- A content delivery network from Cloudflare CDN added to their digital arsenal as recently as last year.
They’ve embraced emerging technologies such as AI and IoT while also investing heavily into blockchain tech and cloud-based applications.
Their efforts haven’t gone unnoticed, earning them recognition as a Fortune 500 (India) company. So, next time you’re shopping for footwear in India, chances are high that you’ll come across one of Relaxo’s brands or outlets. And remember, every purchase supports an Indian company that’s been delivering quality and comfort for decades while continually innovating to stay ahead of the curve.
10. Paragon
A name synonymous with quality and trust, Paragon Footwear has become a household brand in India. Established in 1975, the company’s foothold in the Indian footwear industry is as strong today as it was over four decades ago. The operating revenue of Paragon Footwear for the financial year ending on 31 March, 2022 was under INR 1 crore. With its headquarters nestled in Bengaluru, Karnataka, Paragon’s journey from a modest start to becoming the No.1 footwear brand in India is nothing short of impressive.
Despite conflicting reports about their workforce size that range between 101 to a whopping 50,000 employees globally. They’re responsible for producing an astounding four lakh pairs per day! From formal shoes to casuals, sandals to flip-flops and even school shoes – they’ve got something for everyone.
The secret behind such vast production numbers is their dedicated in-house design team who are constantly innovating and keeping up with market demands. This focus on research and development ensures that Paragon continues to offer fresh designs catering to different occasions and needs.
When it comes to partnerships and projects, One notable collaboration was with Sify & Aeris where they integrated an IoT solution into their operations for real-time fleet tracking. This savvy move cut down on vehicle misuse while reducing idle time within their logistics chain – talk about efficiency!
In terms of marketing strategies too, Paragon has stayed ahead of the curve by leveraging influencer marketing campaigns involving macro and micro-influencers from various states across India – all aimed at boosting brand awareness far and wide.
To sum up: A remarkable blend of innovation coupled with a firm commitment to quality has seen Paragon Footwear grow into an industry leader. Their extensive reach and popularity in the Indian market are testament to their success, as they continue to leave an indelible footprint in the hearts of countless customers nationwide.
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Conclusion on Footwear Companies in India
Your journey through the top 10 footwear companies in India concludes here. We’ve delved into their individual strengths, market presence and overall performance. You’ve seen how these companies have mastered their trade, catering to diverse tastes and preferences across the country.
These brands stand out for their focus on quality, innovation and customer satisfaction. They’re not just selling shoes; they’re shaping trends, setting styles and pushing boundaries in the Indian fashion industry.
Remember it’s not just about choosing a pair of shoes but investing in something that offers comfort coupled with style and durability – qualities all these brands uphold.
Whether you’re a business looking for partnerships or an individual searching for your next perfect pair, you’ll find what you need among these top 10 Indian footwear giants. So next time you shop for footwear remember this guide – It will certainly help make your decision easier!
