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Bata India Ltd. Company History and Annual Growth Details

1931

- Bata India Limited the Company was incorporated at Calcutta.
The Company Manufacture and market of all types of footwear,
footwear components, leather and products allied to footwear
trade.

- Bata was originally promoted as Bata Shoe Co Pvt Ltd by Leader
AG, Switzerland, a member of the Toronto-based multinational,
Bata Shoe Organisation (BSO). It became a public limited
company in 1973 and the name was changed to Bata India Ltd.

1937

- Tanning was introduced at the new factory at Batanagar, along
with the introduction of leather products towards the end of the
year.

1942

- In addition to the footwear manufacturing plant, a machinery
department was set up which produced the first Indian-made major
shoe machine. A leather footwear factory was established at
Patna, Bihar, which is known today as Bataganj.

1952

- In Mokamehgat, a tannery was established and a hide purchasing
centre was also set up there. Another factory was constructed
at Faridabad.

1973

- With the public issue of capital in June, Leader A.G. St.
Moritz, Switzerland offered for sale 5,00,000 shares out of
their holdings at a premium of Rs 20 per share (2,00,000 shares
each to LIC and UTI and 1,00,000 shares to the public).

1977

- Leader A.G. St. Moritz, Switzerland offered for sale 8,00,000
shares at a premium of Rs 8 per share to resident Indian
nationals thereby reducing their holdings to 12,00,000 shares or
40% of the issue capital.

- Another 47,14,000 No. of equity shares of Rs 10 each at a
premium of Rs 25 per share were issued to Bata (BN) B.V.,
Amsterdam, a wholly owned subsidiary of Leader A.G. St. Moritz,
Switzerland, in order to raise their holding in the Company from
40% to 51%.

1979

- 7,50,000 bonus shares issued in prop. 1:4.

1984

- 15,00,000 bonus shares issued in prop. 2:5 in April.

1987

- The Company privately placed with financial institutions (UTI,
LIC, GIC & its subsidiary) 15% debentures worth Rs 5 crores.
The Company also allotted debentures worth Rs 1.75 crores to the
Army Group Insurance Fund.

- The Bata Shoe Organisation consists of 96 independently run
companies in 90 countries throughout the world.

- 52,50,000 bonus shares issued in prop. 1:1.

1988

- Agreement was arrived at with Adidas of West Germany for
manufacture and marketing of sports and special application
footwear, spots goods and sports wear in India and the products
were expected to be launched in December, 1989.

- Marketing of 'Star' clothings designed by Murjani
International, New York, U.S.A. and sourced through Inmark
Brands Pvt. Ltd., was launched.

- A new brand of shoe, 'Tigre' was introduced during the year
for sales through wholesalers and independent retailers.

1989

- The Company sucessfully launched 'Adidas' collection of
hi-tech sports footwear.

- As a result of the R&D activities, special leather board was
developed as a substitute for insole leather.

1990

- A highly versatile sample 18-station bicolour injection
moulding plant was installed in the Bangalore factory for
production of 'State-of-the-art' injection moulded shoes with
synthetic and textile uppers and specially developed PVC
compounds as soleing material.

- Pursuant to a Scheme of Arrangement between the Company and
Bata Properties, Ltd. a wholly-owned subsidiary of the Company,
certain properties constituting the real estate division of the
Company were transferred to BPL for better development and
management with effect from 1st July.

1991

- A promotional brand 'Tigre' was launched to keep the factories
full at all times and thereby reduce losses due to under
recovery of overheads.

- The Company issued non-convertible debentures aggregating Rs
3.50 crores to SBI Mutual Fund. These debentures are redeemable
in three equal instalment at the end of 6th, 7th and 8th year
from the date of allotment. Negotiations were in progress for
private placement of the remaining debentures.

1992

- The workers at Batanagar factory went on strike from 3rd
January, to 23rd May, which resulted in a substantial loss of
production during the initial 6 months of the year.

- The Company undertook to set up a green field export oriented
unit at Hosur in Tamilnadu with the State-of-the-art technology.

- Over the years, the Company with the collaboration of Bata
Development, Ltd., London, U.K., and its association with Bata,
Ltd., Toronto, has been building up its own well-equipped and
up-to-date R&D organisation.

1993

- The Company undertook to expand and modernise its existing
plants for capacity optimisation to become cost efficient on a
global basis. Apart from it also undertook expansion and
upgradation of its retail stores. Export Oriented Unit was also
to be set up at Hosur in Tamil Nadu.

- During January, the Company issued 105,00,000 No. of equity
shares of Rs 10 each at a premium of Rs 20 per share on rights
basis in the proportion of 1:1. Allotment of 1,856 No. of
equity shares was kept in abeyance since the matter was
sub-judice. The balance 104,98,144 shares were allotted.

1995

- 13,114,000 No. of equity shares allotted to Bata (BN) BV
Amaterdown, The Northerlands the holding company.

- The Long Term Agreement with the Bata Mazdoor Union
representing employees of Batanagar and Calcutta Offices was
signed at bipartite level satisfactorily without any disruption
of work.

1996

- The Company has received a notice in writing from a member of
the Company under Section 257 of the Companies Act, 1956
signifying his intention to propose the appointment of Mr Thakur
as a Director of the Company.

1997

- India's largest shoe company Bata India (BIL) has performed
admirably to stage a remarkable turnaround for the year ended
December 1996.

- Bata has entered into a marketing tie-up with Nike wherein the
latter's products will be offered from select Bata outlets.

- The company's debt-equity ratio is also set to improve
dramatically to 0.60:1 from 1.90:1 in December 1996, and 2.06:1
in December 1996.

- Bata India, a 51 per cent subsidiary of Canada based Bata Shoe
Organisation, had last revalued its buildings in 1969, and the
latest exercise which will cover all fixed assets is expected to
substantially prop up its reserves.

1998

- Bata India, a subsidiary of the Canadian multinational Bata
Shoe Organisation, has suspended its after-sales service.

- Every Bata outlet, 1,000 owned and over 600 joint ventures
were expected to sell Hush Puppies, Marie Claire and Adidas.

- Bata India has proposed a dividend of 85 paise per share to
its shareholders for the year ended December '98.

- The shoe major had concluded long term wage agreements with
the workers of its factories at Faridabad (Haryana) and
Mokamehghat (Bihar) for three years up to 2001.

1999

- Bata needs to launch new products on a regular basis by
expanding its women's range, and moving into the premium
segments it had vacated.

- The company will launch the 'Sundrops' line at New Delhi on
August 16.

- The company signed seven long-term agreements and the last in
Batanagar is in an advanced stage of negotiations which will be
settled soon.

- Bata's Faridabad factory workers' union finally reached an
agreement with the company management, ending the nearly
eight-month-old lock-out at the unit.

- Bata India is aiming to achieve a 15 per cent growth in
turnover and profits in 1999, to reach the target set out in the
Vision 2001 plan drawn up by Compass, the international board of
the Bata Shoe Organisation (BSO).

- Shoe major Bata India, which is set to unleash a new
advertisement campaign for its new ladies range 'Sundrops', has
signed up film actress Rani Mukherjee to endorse the line.

2000

- Bata India (Bata) is the largest footwear manufacturer and
produces a wide range of footwear such as canvas, rubber,
leather, plastic and so on.

- The Company has lifted the lock-out at its Peenya factory in
Karnataka. The lockout was declared on March 8th following a
strike by the employees' union.

2002

-Withdraws lockout at Bata India's Peenya Factory on the direction of Government of Karnataka.

-Creates its own insider Trading rules in an attempt to protect the rights of shareholders and prevent unscrupulous trading in the company's share by insiders.

-Shareholders approve for the transfer of Tannery and Footwear division to separate companies.

-Appoints Mr Jaswant Singh as the wholetime Director, Marketing and Commercial.


2003

-Shareholders pass all the major nine requisite resolutions.

-Appoints Gautam Thapar, Vice-chairman and MD of Ballarpur Industries Ltd on the Board of the company.

-Forges into a retailing alliance with Lee Cooper Shoes , to retail their shoes.

-Engages Ogilvy and Mather to devise its Festive season Advertising, side stepping , JWT, its incumbent agency.

-Repositions itself as the marketing firm.

2004

-Bata unveils new flagship store in Mumbai

-de-lists equity shares from the Calcutta Stock Exchange Association Ltd.

-Appoints Mr Constantin Salameh, Senior VP and CFO of Bata Shoe Organization as acting Chairman

-Bata India has inducted P M Sinha, former CEO of Pepsi Cola International South Asia as Chairman of the company

2006

- Bata India Ltd has informed that Mr. J Carbajal has been appointed as an Additional Director on the Board of Bata India Limited

2007

- Bata India Ltd has set up a new flagship store in Thiruvananthapuram.

2010

- Bata India Ltd has informed that Mr. Fadzilah Bin Mohd Hussein has been appointed as an Additional Director on the Board of the Company with effect from July 29, 2010.
 
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