Khadim’s was established in December 3, 1981 as S.N. Footwear Industries Private Limited, a private limited Company under the Companies Act, 1956, with the Registrar of Companies. Through the next many years, the company was involved in whole-selling and distribution of branded basic utility footwear. From 1993, with its foray into retailing, Khadim’s emerged as a popular fashion footwear brand, as also one of the leading organized footwear retailers in India. Today, under the able leadership of Chairman and Managing Director, Mr. Siddhartha Roy Burman, Khadim’s has grown to 853 and 829 ‘Khadim’s’ branded exclusive retail stores outlets as on June 30, 2017 and March 31, 2017 respectively, in 23 states and 1 Union Territory nationally.
Our Company is one of the leading footwear brands in India, with a two-pronged focus on retail and distribution of footwear. We are the second largest footwear retailer in India in terms of number of exclusive retail stores operating under the ‘Khadim’s’ brand, with the largest presence in East India and one of the top three players in South India, in fiscal 2016. We also had the largest footwear retail franchisee network in India in fiscal 2016. (Source: Technopak Report)
Our core business objective is ‘Fashion for Everyone’, and we believe that our Company has established an identity as an ‘affordable fashion’ brand, catering to the entire family for all occasions. As at June 30, 2017 and March 31, 2017, we operated 853 and 829 ‘Khadim’s’ branded exclusive retail stores across 23 states and one union territory in India, respectively, through our retail business vertical. Further, we had a network of 377 and 357 distributors in the three month period ended June 30, 2017 and fiscal 2017, respectively, in our distribution business vertical.
Our Company was incorporated in 1981, and through the next several years, our Company was involved in wholesaling and distribution of branded basic utility footwear, and we had forayed into the retail business in 1993.
Our Company operates through two distinct business verticals, retail and distribution, each with its predominantly own customer base, sale channels and product range. Our retail business operates through our exclusive retail stores catering to middle and upper middle income consumers in metros (including mini-metros) and Tier I – Tier III cities, who primarily shop in high street stores and malls, for fashionable products. Our distribution business operates through a wide network of distributors catering to lower and middle income consumers in metros and Tier I – Tier III cities, who primarily shop in multi-brand- outlets (“MBO”) for functional products. We are also engaged in the business of institutional sales and export of footwear.
Our Company is led by our Promoter, Chairman and Managing Director, Siddhartha Roy Burman. With 34 years of experience of working with the Company, Siddhartha Roy Burman has been instrumental in the growth of our business. Our corporate Promoter is Knightsville Private Limited.
Our revenue from operations (gross) was ₹1,785.43 million (net revenue from operations was ₹1,784.33 million), ₹6,217.30 million (net revenue from operations was ₹6,212.49 million), ₹ 5,351.13 million (net revenue from operations was ₹5,345.21 million) and ₹ 4,618.40 million (net revenue from operations was ₹ 4,601.58 million) in the three month period ended June 30, 2017, fiscals 2017, 2016 and 2015, respectively, in terms of our Restated Financial Statements.
To be in every Indian step!
Khadim’s is today a much-loved iconic brand that promises an unmatched experience. Even as our business and social environments change, Khadim’s promises to deliver the same value and quality to customers that have, over the years, earned Khadim’s the reputation of a trusted and reliable footwear brand.
Ensuring Customer Delight and Stakeholders Return.
We deliver quality products at affordable prices through an extensive retail network.
Our passion for producing fashionable footwear delivering an inimitable customer satisfaction has made Khadim’s one of the well-known entities in organised footwear retailing in the country.
Khadim’s began in the 1960’s as a humble shoe store in Chitpur to become a popular and much-loved footwear brand of the new millennia. The journey of more than 50 years has been more than just rewarding; it has given Khadim’s much of its business philosophy and consumer approach, all of which can still be traced to the hustle and bustle of the whole-sale market and the people who once crowded our store’s back-alley.
In fact, it is this connection with people at the most basic levels of manufacturing, selling and buying shoes that continues to drive Khadim’s success. Even as times change, the company remains as connected with its manufacturing and merchandising partners as it was many years ago.
While this association benefits our continued growth, it is our customers who sustain our business. Thus, with the introduction of new trends in shopping in the early 1990s, Khadim’s transformed itself into a retailing point of interest, opening exclusive outlets in quick succession to channel direct communication with customers and improve from real-time feedback.
Subsequently, by the 2000s, realizing the need for expansion and organized retailing, Khadim’s became a manufacturing and retailing corporate house, bringing Sales, Finance, Supply Chain Management, Human Resources, Brand Management, Legal, Systems & IT, Buying and Merchandising, as well as Manufacturing under one umbrella.
Since then, Khadim’s has remained a closely-knit unit, working as one, thinking as one and dreaming as one.
Today, Khadim’s enjoys nationwide prominence with 799 retail outlets in 23 states and 1 union territory in India and continues to deliver fashionable and comfortable shoes without a price tag that ever gets too high. “Affordable fashion for everyone” remains at the core of our business objective.
Expansion of Khadim’s Distribution network across India with acquisition of new state-of-the-art machinery, improved production set-up and increased manufacturing of PVC footwear.
Entering the Shop-in-Shop Retailing model.
Start of eCommerce Retailing with Khadim’s eCommerce website and major Online Marketplaces.
Upgrading the look of stores; more spacious, better lighting and installation of audio-visual aid for product advertising and marketing.
Opens 500th exclusive showroom.
Operations begin from the 100,000 sq. ft. Central Distribution Centre, Bantala.
Implementation of SAP. ISO 9001:2008 certification from TUV NORD.
Opening of the 300th exclusive showroom.
Awarded ISO 9001:2000 certification for manufacturing facility.
Foray into manufacturing of footwear and accessories and integration of software implemented to automate the entire organization.
Commencement of operations in South India with the establishment of 4 exclusive retail outlets.
Opening of the first retail outlet in Kolkata.
Forming of Khadim’s first corporate entity..
Forming of Khadim’s first corporate entity..
Our Founder & Chairman Emeritus
“Surprisingly and thankfully as well, several hands supported me in my maiden venture and I loved my business all the more.”
Lt. Shri S.P Roy Burman, also fondly remembered as ‘Barobabu’, was a visionary par excellence. His pioneering spirit that believed in blending ‘intelligence with imagination’ played a key role in carving the destiny of Khadim’s; a process of transformation of a tiny single-shop entity to a colossus in footwear retailing with more than 853 and 829 number of Khadim’s branded exclusive retail stores, in the three month period ended June 30, 2017 and fiscal 2017, respectively, across the country.
“More than being a manufacturer, I love to manufacture manufacturers.”
Lt. Shri Roy Burman was a father-figure for countless small shoe manufacturing entrepreneurs with his dynamic and insightful perception of technology as well as consumer psychology. It is his indomitable drive that helped Khadim’s become one of the market leaders in organized footwear retailing in India.
Even in a country where exceptional entrepreneurs are not uncommon, Lt. Shri Roy Burman stands out, not only for his business achievements but for his sensitivity towards the needs of the teeming humanity around him. His missionary zeal to build a business of stature was always tempered with the need to address social and economic issues that Indian society was commonly plagued with.
Even today, as Khadim’s gears up to expand exponentially and deliver value to the fashion-conscious and progressive young customers, Lt. Shri Roy Burman’s humanitarian philosophy continues to guide and motivate us.
From the Desk of Chairman & Managing Director
Welcome to the World of Khadim’s - footwear manufacturers and retailers who work based on a remarkably simple ideology: to make shoes that fit everyone, in style, quality and price. This frankness of objective has made Khadim’s what it is today; a people’s brand that delivers what it promises: fashion footwear that is not only affordable, but comfortable and lasting as well.
Our journey awarded Khadim’s much of its business philosophy and consumer approach. It helped established a strong connection with people at the most basic levels of manufacturing, selling and buying shoes that continues to drive Khadim’s’s success.
While this association benefits our growth, Khadim’s believes it is our customers who sustain our business. With the introduction of new fashion trends in 1993, Khadim’s felt the need to transform itself into a retailing point of interest, and open exclusive outlets in quick succession to channel direct communication with customers and improve from real-time feedback.
Today Khadim’s enjoys nationwide prominence with 853 and 829 number of Khadim’s branded exclusive retail stores, in the three month period ended June 30, 2017 and fiscal 2017, respectively, across 23 states and one union territory in India all of which has been possible due to an insightful management and a loyal workforce that has displayed high regards for customer satisfaction at every step. “Affordable fashion for everyone” remains at the core of our business.
Siddhartha Roy Burman is the Chairman and Managing Director of our Company and is our individual Promoter. He holds a bachelor’s degree in Commerce from the University of Calcutta. He is responsible for the overall strategic decision making of our Company and provides leadership to all operations. He has been associated with our Company since its incorporation and was appointed as the Managing Director in April 2005 and subsequently on November 26, 2012, he has been re-designated as Chairman and Managing Director. He has 34 years of experience in the footwear industry.
Dr. Indra Nath Chatterjee is a Non-Executive, Independent Director of our Company. He holds a Post-Graduate Diploma in Management from the Indian Institute of Management, Calcutta and a Doctorate in Management from Symbiosis International University. He is a Fellow member of the Institute of Company Secretaries of India and a Fellow member of the Institute of Cost Accountants of India. He has been associated with the Company since 2006 and has 42 years of experience working in multi-national corporations, public sector undertakings, and educational institutions. Prior to joining our Company, he has been associated with Hinduja Group as Group President, Jindal Drilling & Industries Limited as Director and the Oil and Natural Gas Corporation Limited as Director (Finance). Further, he had also been associated with Tata Engineering and Locomotive Company Limited (currently known as Tata Motors Limited), Indian Airlines, Kamani Services Private Limited, Calcutta Business School, IFFCO- Tokio General Insurance Company Limited and Pioneer Insurance Services Limited.
Prof. (Dr.) Surabhi Banerjee is a Non-Executive, Independent Director of our Company. She holds a master’s degree in arts from the University of Leeds and a Doctorate in English from University of Calcutta. She has 37 years of experience as an academician. Prior to joining our Company, she was associated with Netaji Subhas Open University as the vice chancellor, with Gour Banga University as the vice- chancellor, and with the Central University of Orissa as vice- chancellor.
Mr. Ritoban Roy Burman son of Mr. Siddhartha Roy Burman, Chairman and Managing Director of the Company, is a graduate in Mass Communication from St. Xavier’s College, Kolkata. He joined Khadim India Limited in 2013 as Manager-Marketing and worked till 30th November 2017. He has gained good exposure in various aspects of footwear marketing during his tenure with the Company.
Alok Chauthmal Churiwala is a third generation stockbroker and an Angel Investor. He holds a Bachelor's degree in Commerce form H.R. College of Commerce & Economics, Mumbai. He also holds a Diploma in Securities Law from the Government Law College, Mumbai apart from executive learning programs form IIM, Ahmedabad & Indian School of Business, Hyderabad. He has a rich experience of over 20 years in the Indian Capital Markets.
Churiwala Securities Private Limited (CSPL) is spearheaded by Mr. Alok Chauthmal Churiwala, whose focus and vision has helped the company to establish itself as a prominent and respected player in the industry. He has been responsible for starting the CDSL and NSE operations of the Churiwala Group. He was also responsible for the CSPL's tie up with Larsen & Toubro and Trade.com for their Internet venture (Lttrade.com).
He is the Former Vice-Chairman of the BSE Brokers Forum, which is an industry representative body. He was also on the Board of ICSA (International Council for Securities Association) as Asian representative and has attended their meetings in Paris, Sydney, Mumbai and Stockholm. He also represented Indian Capital Markets at ASF (Asian Securities Federation) at Seoul. Besides being an Ex-member of the BSE Governing Board, he has been actively involved in various committees of the exchange. He is on the advisory Board of ICCL (Indian Clearing Corporation Ltd). He is a much sought after visiting faculty offering lectures on a wide spectrum of subjects relating to Capital Markets in India. He is widely quoted in various business publications viz. Economic Times, Business Standard, Dalal Street, Financial Express and television media like NDTV Profit, Doordarshan, Zee Business, Star News, Sahara, BBC and CNBC, CNN-IBN, etc.
Mr. Rittick Roy Burman holds a bachelor’s degree in Commerce from the University of Calcutta. Post his Graduation, he worked with the Company for 3 years in various departments to gain an overall understanding of the business. He completed his further studies in Berkeley, University of California as a Management Graduate and resumed work in the organisation, taking care of the long-term strategy of the organisation and drive all the new initiatives, ventures and merchandising of the Company.