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Relaxo Footwears > Company History > Leather Products > Company History of Relaxo Footwears - BSE: 530517, NSE: RELAXO
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Relaxo Footwears
BSE: 530517|NSE: RELAXO|ISIN: INE131B01021|SECTOR: Leather Products
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Company History - Relaxo Footwears
The company was incorporated on 13th September, 1984 as a Private
 Limited Company.  The company was subsequently converted into a Pubic
 Limited Company on 31at March, 1993. RELAXO FOOTWEARS LTD. is a
 marketing company of the Relaxo Group and at present, it is closely
 held.
 
 The Company markets the products of group concerns and in 1993-94
 marketed 13.25 million pairs an elaborated below :
 
                                         (in million pairs)
 ----------------------------------------------------------
                             Upto Nov '94  1993-94  1992-93
                           (8 month period)
 ----------------------------------------------------------
 
 Hawai & Light weight Chappals    9.05       12.22    11.07
 Canvas & other shoes             0.74        1.03     0.90
 ----------------------------------------------------------
 Total                            9.82       13.25    11.97
 ----------------------------------------------------------
 
 The Hawai & Light weight chappal Industry comprises of about 30 units
 in the organised sector and a number of smaller units in the
 unorganised sector.  It is estimated that both these sectors together
 produce about 550 million pairs per annum.  The contribution of
 organised sector is
 about 50% in this production.
 
 There is a demand and supply gap of about 150 million pairs per
 annum.  In veiw of this, the company is selling up modern plant to
 manufacture 50,000 pairs of Hawai & lightweight Chappals per day on
 two shift basis under the present project.  The Company will continue
 its marketing
 for products of group concerns even after commencing its own
 manufacturing activities.
 
 The Group comprises of five different manufacturing units with total
 factory space of over 1,20,000 sq.ft., over 1100 employees in
 different disciplines and has a network of over 200 distributors and
 20,000 dealers.  The group manufactures Rubber Hawai Chappals, Canvas
 Shoes, sports shoes, casual shoes, leather shoes and light weight
 chappals.  Its total daily production of all footwear is approx.
 50,000 pairs per day of which approximately 90% a Hawai & Lightweight
 Chappals - a segment in which the group is one of the top
 manufacturers in India.
 
 M/S Relaxo Rubbers, which is a partnership firm of Mr. R.K. Dua
 (HUF), Mr. M.C. Dua (HUF) and Smt. Usha Dua, started its business in
 1979.  The firm is engaged in manufacturing of light weight rubber
 chappals and allied rubber products.
 
 Relaxo Rubber Ltd. was incorporated in the year 1982 and started its'
 operation from 1st October 1984.  The company is engaged in the
 production of rubber footwear.
 
 Patel Oil Mills is also a partnership firm of Mr. Mukund Lal Dua and
 Mr. Ramesh Kumar Dua which commenced its operation in the year 1985. 
 The firm manufactures Hawai Chappals, Canvas Shoes and allied rubber
 goods.
 
 Looking at the rising demand of leather products, Relaxo
 International, a partnership firm of Mr. Mukund Lal Dua and Mr.
 Ramesh Kumar Dua was formed which started its' business in 1991.
 
 Nu-Wave Shoes, a proprietorship firm and mainly engaged in
 manufacturing of PVC footwears with a small production of rubber and
 canvas shoes.
 
 Gumber Dyeing & Printing Works a partnership firm of Mr. M.L. Dua &
 R.K. Dua, started its business in 1991.  The firm is mainly engaged
 in mixing rubber compounds and packing the finished goods of Relaxo
 Rubbers.
 
 2000 - Relaxo Footwears has approved a proposal to split its each
 equity 
              share of Rs 10 face value into shares of Rs 5 each.
 
             - The Unit-II at Bahadurgarh, Haryana, caught fire on
 October 12.
 
 2010
 
 - Relaxo Footwears Ltd has appointed Mr. Pankaj Shrimali as an
 Additional Director w.e.f. May 29, 2010.
Source : Dion Global Solutions Limited
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