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Relaxo Footwears Ltd. Company History and Annual Growth Details

The company was incorporated on 13th September, 1984 as a Private Limited Company. The company was subsequently converted into a Pubic Limited Company on 31at March, 1993. RELAXO FOOTWEARS LTD. is a marketing company of the Relaxo Group and at present, it is closely held.

The Company markets the products of group concerns and in 1993-94 marketed 13.25 million pairs an elaborated below :

(in million pairs)
Upto Nov '94 1993-94 1992-93
(8 month period)

Hawai & Light weight Chappals 9.05 12.22 11.07
Canvas & other shoes 0.74 1.03 0.90
Total 9.82 13.25 11.97

The Hawai & Light weight chappal Industry comprises of about 30 units in the organised sector and a number of smaller units in the unorganised sector. It is estimated that both these sectors together produce about 550 million pairs per annum. The contribution of organised sector is
about 50% in this production.

There is a demand and supply gap of about 150 million pairs per annum. In veiw of this, the company is selling up modern plant to manufacture 50,000 pairs of Hawai & lightweight Chappals per day on two shift basis under the present project. The Company will continue its marketing
for products of group concerns even after commencing its own manufacturing activities.

The Group comprises of five different manufacturing units with total factory space of over 1,20,000 sq.ft., over 1100 employees in different disciplines and has a network of over 200 distributors and 20,000 dealers. The group manufactures Rubber Hawai Chappals, Canvas Shoes, sports shoes, casual shoes, leather shoes and light weight
chappals. Its total daily production of all footwear is approx. 50,000 pairs per day of which approximately 90% a Hawai & Lightweight Chappals - a segment in which the group is one of the top manufacturers in India.

M/S Relaxo Rubbers, which is a partnership firm of Mr. R.K. Dua (HUF), Mr. M.C. Dua (HUF) and Smt. Usha Dua, started its business in 1979. The firm is engaged in manufacturing of light weight rubber chappals and allied rubber products.

Relaxo Rubber Ltd. was incorporated in the year 1982 and started its' operation from 1st October 1984. The company is engaged in the production of rubber footwear.

Patel Oil Mills is also a partnership firm of Mr. Mukund Lal Dua and Mr. Ramesh Kumar Dua which commenced its operation in the year 1985. The firm manufactures Hawai Chappals, Canvas Shoes and allied rubber goods.

Looking at the rising demand of leather products, Relaxo International, a partnership firm of Mr. Mukund Lal Dua and Mr. Ramesh Kumar Dua was formed which started its' business in 1991.

Nu-Wave Shoes, a proprietorship firm and mainly engaged in manufacturing of PVC footwears with a small production of rubber and canvas shoes.

Gumber Dyeing & Printing Works a partnership firm of Mr. M.L. Dua & R.K. Dua, started its business in 1991. The firm is mainly engaged in mixing rubber compounds and packing the finished goods of Relaxo Rubbers.

2000 - Relaxo Footwears has approved a proposal to split its each equity
share of Rs 10 face value into shares of Rs 5 each.

- The Unit-II at Bahadurgarh, Haryana, caught fire on October 12.


- Relaxo Footwears Ltd has appointed Mr. Pankaj Shrimali as an Additional Director w.e.f. May 29, 2010.

-The Company has recommended a dividend @ 20% i.e. Re. 1.00 per share.

-Mr. Pankaj Shrimali has been appointed as an Additional Director.


-The Company approved the payment of final dividend of 20%, i.e. Re. 1/- per equity share.


-The Company has recommended a dividend @ 30% i.e. Rs. 1.50 per share.

-Appointment of Mr. Kuruvila Kuriakose and Mr. Umesh Nath Kapur as Additional Directors of the Company

-Appointment of Mr. Deval Ganguly as Whole Time Director of the Company for a period of three years.


- The Company has recommended a dividend @ 40% i.e. Rs. 2.00 per share
-Relaxo Footwears has Consolidates its Face value from Rs 5/- to 1/-


- The Board of Directors has recommended a dividend at the rate of Re. 0.50 per share of face value of Re. 1.00 each

-The Company has allotted the Bonus Shares to its shareholders in the Ratio of 1:1