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.

The journey of more than 34 years has been more than just rewarding; it has been 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.



While this association benefits our continued growth, it is our customers who sustain our business; a fact Khadim’s has always been, and is still deeply appreciative of. Thus, with the introduction of new trends in shopping in 1993, 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.

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 and continue 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.

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.

Vinayak Vishwanath Kamath is a Non-Executive, Nominee Director of our Company. He holds a bachelor’s degree in Mechanical Engineering from the Birla Institute of Technology & Science, Pilani and a master’s degree in Management Studies from Jamnalal Bajaj Institute of Management Studies, University of Bombay. He has completed the “Masterclass for Directors” leading to “Certified Corporate Directorship” issued by the Institute of Directors. He is a Nominee Director of the Fairwinds Trustees Services Private Limited acting in it’s capacity as the Trustee to Reliance Alternate Investments Fund – Private Equity Scheme – I and was appointed to the Board of our Company in March 2016. He has 23 years of experience including five years in textiles, six years in information technology and services and 12 years in private equity and asset management. Prior to joining Fairwinds Asset Managers Limited, he was associated with Halcyon Resources and Management Private Limited as a Director. He is a founder of VIVA Corporate Advisors Private Limited and Viva Corporate LLP. Further, he is on the board of Shri Shakti Alternative Energy Limited and UW Media Ventures Limited. He is the treasurer of the non-governmental organisation, Catalysts for Social Action.

Namrata A. Chotrani is a Non-Executive, Nominee Director of our Company. She holds a bachelor’s degree in Commerce from the H. R. College of Commerce & Economics, Mumbai University, and a master’s degree in business administration from INSEAD. She is a Nominee Director of the Fairwinds Trustees Services Private Limited acting in it’s capacity as the Trustee to Reliance Alternate Investments Fund – Private Equity Scheme – I and was appointed to the Board of our Company in March 2016. She has been associated with Fairwinds Asset Managers Limited since 2012 and has a total experience of over nine years in tax, private equity and mergers. Prior to joining Fairwinds Asset Managers Limited, she was associated with KPMG.

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.

Ashoke Kumar Dutta is a Non-Executive, Independent Director of our Company. He holds a bachelor’s degree in Science from University of Calcutta and a postgraduate diploma in management from the Indian Institute of Management, Calcutta. He has been associated with our company since 2006 and has over 40 years of experience in working in multi- national corporations, public sector undertakings, media houses and educational institutions. Prior to joining our Company he was a member of the North East Council. He was the professor and dean of the Vinod Gupta School of Management, Indian Institute of Technology, Kharagpur, director of the Rajiv Gandhi Indian Institute of Management, Shillong and a professor of the Ocean University of China.

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.

Registered Office: Kankaria Estate, 5th Floor, 6, Little Russell Street, Kolkata – 700 071, West Bengal, INDIA

For queries and grievances contact: grievances@khadims.com