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-2.35 (-0.37%)
-8.45 (-1.33%) | 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
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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. | |
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| Source : Dion Global Solutions Limited | |
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