Liberty Shoes Ltd.

HISTORY OF THE COMPANY
 
 The company was incorporated on the 3rd Septtember ,1986 as a Public
 Limited Company and obtained the Certificate of Commencement of
 Business  on 11th March 1988. The company has been set up to
 manufacture and sell leather and non leather shoes ,leather shoe
 uppers and leather garments
 Presently the company is engaged in the manufacturing of leather and
 non leather shoes.
 
 It has also set up a joint venture in Russia to manufacture shoes in
 1991 under the name of M/S Liberty &Go ,with M/S Gorky Production &
 shoes Unit,Gorky. The Company is marketing its product nationally and
 internationally under the  brand name LIBERTY and is well established
 in the national and international market. The company has entered
 into an agreement with one of the group firms M/S Liberty Enterprises
 for using the established brand name LIBERTY.
 
 The company has commenced its commercial production for non leather
 shoes on 25th December 1993.Intially one direct injection soiling
 machine was installed with a capacity of 240000 pairs per annum on
 single shift basis .The second direct injection soiling machine was
 installed in March 94.From the commencement of commercial production
 till 31st March 1994,the company has been operating on full
 capacity.As the promoters ar in this line for the last five decades
 ,the company is confident of maintaining this level of operations in
 the future.The company has been promoted by P.D.Gupta and R.K.Bansal
 and belongs to the LIBERTY Group .Liberty Group has completed Five
 decades of its existence in the shoe industry in 1994.
 
 2000 - The Company is to enter into an agreement for sale/purchase
 of
        goods and/or taking on franchise basis the production on
        franchise basis the production facilities and/or acquire
 movable
        and immovable property including plant and machinery,
 building
        etc. with Liberty Group Marketing Division and/or Liberty
        Enterprises, partnership firms.
 
      - The Company is all set to venture into the  e-commerce
 activities
          which will cater to the B2B and B2C  requirements.
 
 2003
 
 -Liberty Footwear has introduced its innovative Liberty Footstylers
 collection. It is also unveiling a slew of shoes whose price will
 range between Rs 1,500 and Rs 2,500, higher than its other products
 such as Gliders, Windsor and Senorita. 
           
 -Pearl Academy inks pact with Liberty Shoes
 
 2004
 
 -Liberty Shoes Board approves setting up of Subsidiary Company
 
 -Mr. Adesh Gupta presently working as Executive Director of the
 Company since July 16, 2001, has been elevated as 'Chief Executive
 Officer' (CEO) of the Company.
 
 - Liberty Shoes Ltd launched its retail format, Revolutions
 
 -Liberty Footwear Company Ltd's claim to use brand name 'Revolution'
 for its new footwear retail chain has been challenged by a
 Delhi-based women's wear chain Revolution Clothings, which too, has
 claimed ownership of the same brand name.
 
 2005
 
 -Liberty unveils new range of footwear
 
 -Liberty Shoes has given the Bonus in the Ratio of 1:1
 
 2006
 
 -Liberty Shoes joins hand with Pantaloon
 
 2007
 
 -  Liberty Shoes achieved sales of Rs 300 crore last fiscal and has a
 30-per cent marketshare in the branded footwear segment. 
 
 2010
 
 -Liberty Shoes Ltd  as considered approval for re-appointment of Sh.
 Adesh Kumar Gupta, Sh. Adarsh Gupta and Sh. Shammi Bansal as
 Executive Directors of the company.
 
 2012
 
 -The Company has appointed Sh. Ramesh Chandra Palhan as Additional
 Director of the Company with effect from  March 28, 2012.
 
 2014
 -Liberty Shoes Ltd has recommended the payment of dividend of Rs.
 1.50/- per equity share (i.e. @15%)
 
 2016
 -Liberty Shoes gains over 6 pct as Delhi govt rollbacks VAT hike.
 
 2018
 -Liberty Shoes Limited launched Liberty Lifestyle Taps Millennial &
 Gen Z with its 12 New Fragrance.