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.