Introduction of Relaxo Footwear: This company is the most dominant in terms of production volume rather than sales revenue, making it the largest footwear manufacturer in India. The firm manufactures under several different brands, some of which include Flite, Sparx, Bahamas, and Schoolmate.
Salman Khan has become an official Relaxo spokesman after becoming a member of the Relaxo family. Several well-known actors and actresses, including Akshay Kumar, Katrina Kaif, and Sonakshi Sinha, have agreed to endorse the goods produced by this firm.
History of Relaxo Footwear
Relaxo Footwears Limited (RWL) was incorporated on September 13, 1984, as a private limited company to sell the goods of group companies, including Hawai slippers, lightweight slippers, canvas shoes, PVC footwear, etc. RWL is part of the Relaxo Group, which has a substantial interest in footwear manufacturing. On March 31, 1993,
it was incorporated. From 1995–96, the company transitioned from a trading/marketing agency to a production operation in Bahadurgarh, Haryana, with the ability to create 50,000 pairs of Hawaiian and lightweight chappals per day across two shifts. RWL’s IPO raised Rs.4.50 crores at a premium of Rs.50 per share (for a total of Rs.10 crores).
In 1999, the company expanded Bahadurgarh’s capacity. From 1999-2000, the company opened the largest Hawai manufacturing in Bhiwadi, Rajasthan. The new plant opened in July 2001.
Two brothers named Mukund Lal Dua and Ramesh Kumar Dua had the dream of growing the shoe business that their father had started into what it is today: one of the most prosperous and well-known companies in India, Relaxo.
Products of Relaxo Footwear
Relaxo Footwears Limited (Relaxo) is the most successful footwear manufacturing company in India. The company’s primary focus is on the manufacture of footwear crafted from materials in addition to leather. Sandals, Canvas, Athletic, and School Shoes, as well as Rubber, EVA, and PU Flip-Flops, etc.
Both the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited are venues on which shares of the company are traded. In addition to the market in India,
Relaxo is also present in the market in Gulf, market South East Asia, and the market on the African continent.