Metro Shoes
Metro Brands Limited · India
Metro Shoes is the flagship retail banner of Metro Brands Limited, a Mumbai-based Indian footwear retailer listed on the NSE and BSE. It began with a single store opened by Malik Tejani in Colaba, Mumbai, in 1955.
| Founded | 1955 (first store); incorporated 1977 |
|---|---|
| Founder | Malik Tejani |
| Operator | Metro Brands Limited |
| Headquarters | Mumbai, India |
| Listing | NSE: METROBRAND; BSE: 543426 |
| Website | metroshoes.com |
What is Metro Shoes?
Metro Shoes is a footwear retail chain headquartered in Mumbai and the original banner of Metro Brands Limited. According to Wikipedia, founder Malik Tejani opened a standalone shoe store in Colaba, Mumbai, in 1955, and the company was incorporated in January 1977 as Metro Shoes.
History
From that first store the business grew into a national retailer. The Mochi banner was introduced in 1977, with the first Mochi store opening in 2000, and the value format Walkway followed in 2009. Since 2015 the company has operated exclusive Crocs stores in India under a partnership with Crocs, Inc. Metro Brands went public in December 2021, with an initial public offering that raised about 1,367.5 crore rupees.
Business model and distribution
Metro Brands operates mainly as a multi-brand footwear retailer through its own store formats rather than as a wholesaler. Its portfolio combines house brands such as Mochi and Walkway with partner brands, and Wikipedia reports that the group had more than 1,000 stores across 221 cities by 2026. The company is publicly traded on the NSE (METROBRAND) and BSE (543426).
- Formats: Metro, Mochi, Walkway and Crocs stores
- Listed company: NSE and BSE
- Leadership: Rafique Malik as chairman and Farah Malik Bhanji as managing director, with Nissan Joseph as chief executive, per Wikipedia
Why it matters
Metro Shoes shows how an Indian family retailer scaled from one Mumbai shop into a listed multi-format chain. For anyone studying footwear retail in India, Metro Brands is a main reference for organised, brand-led store networks and for the way global brands such as Crocs enter the market through a local partner.
Frequently asked questions
Who owns Metro Shoes?
Metro Shoes is the original banner of Metro Brands Limited, a publicly traded company listed on the NSE and BSE. The Wikipedia entry names Rafique Malik as chairman and Farah Malik Bhanji as managing director.
Where is Metro Shoes from?
Metro Shoes is from India. Founder Malik Tejani opened its first store in Colaba, Mumbai, in 1955, and the company is still headquartered in Mumbai.