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Nov 03, 2017 11:22 AM IST | Source: CNBC-TV18

Expect 20% growth from company-owned stores; aim to open 70-80 stores YoY: Khadim

The initial public offering (IPO) of Khadim India Limited, one of the leading footwear brands in India is now open for subscription. The company manufactures and sells products through its own stores, four major distribution centres and many other franchise outlets.

CNBC TV18 @moneycontrolcom

The initial public offering (IPO) of Khadim India has opened for subscription. The company manufactures and sells footwear products through its own stores, four major distribution centres and many other franchise outlets.

In an interview to CNBC-TV18, Ishani Ray, CFO of Khadim India spoke at length about the IPO and the latest happenings in the company.

We sell close to over 15 crore pairs of shoes per year, said Ray.

She further said that 67 percent of store locations are in the east and 17 percent stores in south India. We have plans to grow across the country and therefore, targeting to open around 70-80 stores year-on-year (YoY), she added.

Ray expects 20 percent growth from company-owned stores.

She further mentioned that onslaught of e-commerce business took company off guard in 2015.

Watch accompanying video for more details.
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