Footwear Manufacturer Raising Funds To Expand
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Leading footwear manufacturer based in Dehradun. Categories like Sports (Running, Walking, Leisure) Shoes/Cricket Shoes, Slides, Sandals. The company specializes in manufacturing shoes across categories like sports, gaming (e.g. cricket, badminton), leisure wear, casual wear, slip ons etc.
Clientele type
Premium clients include MNCs like adidas, reebok, payntr, bata, kappa, performax, Pierre Cardin, etc
Premises
LEASED
Lease per month (in INR): 13.33 L
Security Deposit (in INR): 44.87 L
Carpet Area: 92,000 sq ft
Treatment Units (7):
• Ghaziabad (UP)
• Haridwar (UK)
• Dehradun (UK)
• Bahadurgarh (HR)
• Meerut (UP)
• Ambur (TN)
• Chennai (TN)
Footwear Factories (2):
• 2 units in Lal Tappar, Dehradun (UK)
• 20 Minutes drive from Jolly Grant Airport, Dehradun.
• 200 KM from Delhi
Asking Price Includes
Equity in Net assets (machineries, infrastructure, deposits) : 120,000,000 and Goodwill
Reason
The promoters are planning to expand the business by introducing a new manufacturing unit.
Other Details
With mandatory requirement of BIS (ISI label) for footwear in 2024; demand from all brands have skyrocketed for established factories with testing and quality infrastructure.
Their focus is to double the revenue this year based on the core strengths like innovative treatments, competitive LOH (labour & overheads), quality, on-time delivery, and a strong team with long working experience with the right investment partner.
Recent reduction of manufacturing in China and increasing cost of labour in APAC countries, gives India good growth opportunity in footwear sector.
They have the latest machineries and dynamic workforce to produce slides, sandals, and shoes under one roof (C2B).
> 3C Compliant Factory (Adidas).
>100% Deliveries on-time to adidas (2018-2022).
>Largest manufacturer of adidas sandals for India.
> 0 warehouse claims (2018-2022), known for our quality.
> In house design & development center & fully equipped testing lab.
> Grew adidas shoes production 10 times within 8 months.
> Offer most competitive LOH (Labour & Overheads) to adidas as compared to other factories.
> Sole production capability for IMEVA & Rubber (200K pairs per month).
> Renowned for our exceptional printing & welding (treatments) abilities.
> Manufacturing cricket shoes for brands like Payntr (Australian) & D Nine (Indian).
> Locally developed and produced bottoms (soles & spikes).
> Approved, appreciated & worn by many international cricketers.
> Developing samples for Reebok & Kookaburra currently.
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₹10 to ₹200 Cr
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