Kolkata based, Rs 131-crore strong, Khadim India Ltd, which owns the well known Khadim’s footwear and leather accessories brand, announced the opening of its 250th retail showroom in Ahmedabad. Khadim’s is also embarking on a Rs. 72 crore expansion plan in the next two years.
Since its having been founded 54 years ago, Khadim’s has gradually diversified into manufacturing and exporting of leather products, real estate development, media, communications and chain-store retailing with a noticeable presence in almost all parts of the country.
The company, which has a vision of remaining present in every Indian home in the foreseeable future, expects to increase its turnover to Rs. 160 crore this year. The footwear market which is estimated to be having a turnover of more than Rs. 10,000 crore in India has mostly been cornered by small players in the unorganised sector.
The company, presently, has about 200 showrooms operating in the Eastern, 26 showrooms in the Southern, 15 showrooms in the Northern and eight showrooms in the Western regions of the country.