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Liberty Shoes Ltd. Company History and Annual Growth Details

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.

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