Relaxo
Relaxo Footwears Limited · India
Relaxo is an Indian footwear manufacturer founded in 1976 by Mukand Lal Dua and Ramesh Kumar Dua and headquartered in New Delhi. Per Wikipedia it is the largest Indian footwear maker by volume and the second largest by revenue.
| Founded | 1976 |
|---|---|
| Founders | Mukand Lal Dua and Ramesh Kumar Dua |
| Headquarters | New Delhi, India |
| Listing | NSE: RELAXO; BSE: 530517 |
| Main brands | Sparx, Flite, Bahamas, Boston |
| Segment | Footwear |
| Website | relaxofootwear.com |
What is Relaxo?
Relaxo Footwears Limited is a New Delhi-based footwear manufacturer, founded in 1976 by Mukand Lal Dua and Ramesh Kumar Dua. It is a public company listed on the NSE (RELAXO) and BSE (530517). Wikipedia describes it as the largest Indian footwear maker by volume and the second largest by revenue.
Products and positioning
Relaxo markets a portfolio of brands aimed at the mass market. Wikipedia lists Relaxo, Bahamas, Flite, Belle, Sparx, Boston, Mary Jane and Kid's Fun, and also cites Schoolmate, with the company describing a total of ten brands. Sparx covers sports and casual footwear, while Flite and Bahamas address everyday slippers and flip-flops.
Business model and distribution
Relaxo is a manufacturer first, selling to a wide network of distributors and retailers while also using its own channels. The detailed channel mix is not given in the source consulted, so this profile does not quantify it. The company has used celebrity endorsers, with Wikipedia naming Salman Khan, Akshay Kumar, Katrina Kaif and Sonakshi Sinha.
Financial and capacity facts
Wikipedia reports revenue of 2,653 crore rupees and net income of 232 crore rupees for the financial year 2022. In December 2023 the company bought a 30-acre site in Bhiwadi, Rajasthan, for 135 crore rupees, a sign of continued investment in production capacity.
Why it matters
Relaxo shows the scale that can be reached in affordable, high-volume footwear in India. Its multi-brand structure and manufacturing focus make it a reference point for the domestic market below the premium segment.
Frequently asked questions
Who owns Relaxo?
Relaxo Footwears Limited is a publicly listed company on the NSE and BSE. It was founded by Mukand Lal Dua and Ramesh Kumar Dua, and the Wikipedia entry does not name a single controlling owner.
Where is Relaxo from?
Relaxo is from India and is headquartered in New Delhi. It was founded in 1976 and is described as the largest Indian footwear maker by volume.