Top 6 Footwear Companies in India: Best Brands

By Raveendran R | Updated on: October 8, 2023

This is the List of Top Footwear Companies and their Brands in India now take a look at Indian Footwear Industry

The increasing use and variety of footwear are leading to an upsurge in demand indicating higher growth prospects for the footwear industry. Branded footwear currently accounts for around 45% and unbranded dominates with 55% market share respectively. Now here is the List of the top Indian footwear brands in India.

Top Footwear Companies and Their Brands in India

Here is the List of best footwear companies with their brands in India. The list is sorted out based on total sales. The list is in descending order measured by Turnover


6. Liberty Shoes Ltd

Currently, with an annual turnover exceeding INR.600 crore (the U.S. $150 million). Liberty Shoes have been fashioning footwear, for well over 60 years now. It is fifth among the best footwear brands.

  • Sales₹ 636 Cr.
  • Operating profit₹ 60.2 Cr.
  • Net profit₹ 10.8 Cr.
  • Sales last year₹ 654 Cr.
  • EBIDT last year₹ 61.9 Cr.

The Company is amongst the top 5 manufacturers of leather footwear of the world producing more than 50,000 pairs a day using a capacity of more than 3 lakh square feet of leather per month. It is one of the best Indian shoes brand.

  • Total Assets₹ 471 Cr.
  • Reserves₹ 181 Cr.
  • Debt₹ 160 Cr.
  • Debt to equity0.81
  • Dividend yield0.87 %
  • Face value₹ 10.0
  • ROE 5Yr3.28 %
  • ROCE8.99 %
  • ROCE 3Yr6.78 %
  • Return on equity6.78 %
  • Promoter holding58.5 %

The Company includes major international fashion destinations like France, Italy, and Germany, with a worldwide distribution network of 100 distributors, 400 exclusive showrooms and more than 5000 multi-brand outlets. It is one of the top Indian footwear brands in India.


5. Khadim India Ltd

Khadim’s was established on December 3, 1981, as S.N. Footwear Industries Private Limited, a private limited Company under the Companies Act, 1956, with the Registrar of Companies.

  • Sales₹ 652 Cr.
  • Operating profit₹ 73.7 Cr.
  • Net profit₹ 15.8 Cr.
  • Sales last year₹ 660 Cr.
  • EBIDT last year₹ 89.6 Cr.

Through the next many years, the company was involved in the whole-selling and distribution of branded basic utility footwear. It is one among the list of top footwear companies in India.

From 1993, with its foray into retailing, Khadim’s emerged as a popular fashion footwear brand, as also one of the leading organized footwear retailers in India.

  • Total Assets₹ 735 Cr.
  • Reserves₹ 207 Cr.
  • Debt₹ 310 Cr.
  • Debt to equity1.37
  • Dividend yield0.00 %
  • Face value₹ 10.0
  • ROE 5Yr-1.39 %
  • ROCE10.4 %
  • ROCE 3Yr5.03 %
  • Return on equity7.15 %
  • Promoter holding60.3 %
  • Add ratio to table

Today, under the able leadership of Chairman and Managing Director, Mr. Siddhartha Roy Burman, Khadim’s has grown to 853 and 829 ‘Khadim’s’ branded exclusive retail stores outlets as on June 30, 2017, and March 31, 2017, respectively, in 23 states and 1 Union Territory nationally.


4. Mirza International Ltd

  • Sales₹ 872 Cr.
  • Operating profit₹ 92.5 Cr.
  • Net profit₹ 43.0 Cr.
  • Sales last year₹ 627 Cr.
  • EBIDT last year₹ 63.7 Cr.

Mirza International Limited is India’s leading manufacturer and marketer of leather footwear and finished leather. With an established footprint that spans across 30 countries, as well as a rock-solid infrastructure, Mirza has taken ground-breaking strides in the Indian leather industry since its inception in 1979.

  • Total Assets₹ 593 Cr.
  • Reserves₹ 428 Cr.
  • Debt₹ 26.4 Cr.
  • Debt to equity0.06
  • Dividend yield0.00 %
  • Face value₹ 2.00
  • ROE 5Yr7.52 %
  • ROCE7.96 %
  • ROCE 3Yr11.9 %
  • Return on equity5.30 %
  • Promoter holding71.8 %

In the UK, the Company has garnered a 25% share in the men’s leather footwear in the mid-segment category, the high market penetration underlining the strong acceptance for its products. It is one of the top Indian footwear brands in India.


3. VKC Group Footwears

VKC was founded in 1984 by visionary Shri. VKC Mammed Koya for manufacturing and marketing Hawai slippers. The unit, which commenced its operations with just 20 employees and a modest product portfolio of one item, today has made a mark not just in the Indian Footwear Industry but in the world arena as well.

  • TurnOver: Rs 1900 Cr
  • Founded: 1984
  • Employees: 11000
  • Production Capacity: 0.4 million pairs Daily

VKC Group today comprises of 20 manufacturing units spread across 6 states in India. Group currently provides direct employment to around 7000 and another 4000 get employed through its vendors.

Business grew rapidly from Rs 64 Cr in 2006-07 to Rs 1560 Cr in 2015-16. VKC manages its extensive supply chain through a combination of units and depots spread across 14 states in India.

With a daily production of around 0.4 million pairs, VKC is not only the Number-1 PU footwear manufacturer in India but also one.


2. Relaxo Footwears Ltd

In 1976, two brothers Mukund Lal Dua & Ramesh Kumar Dua dreamed to take their father’s footwear business to what Relaxo is today – one of the leading and most popular footwear companies in India. A household name, literally.

  • Sales₹ 2,854 Cr.
  • Operating profit₹ 357 Cr.
  • Net profit₹ 172 Cr.
  • Sales last year₹ 2,783 Cr.
  • EBIDT last year₹ 359 Cr.

With its headquarter in New Delhi and 8 manufacturing units, Relaxo produces over 6 lacs pairs of footwear, every day. Relaxo footwear’s range boasts a fine combination of comfort, style, and quality workmanship. It is Second among the list of top footwear companies in India.

  • Total Assets₹ 2,495 Cr.
  • Reserves₹ 1,830 Cr.
  • Debt₹ 164 Cr.
  • Debt to equity0.09
  • Dividend yield0.28 %
  • Face value₹ 1.00
  • ROE 5Yr15.4 %
  • ROCE11.8 %
  • ROCE 3Yr18.5 %
  • Return on equity8.65 %
  • Promoter holding71.3 %

A wide collection of fashionable, colorful, comfortable and durable footwear for men, women, and children. Relaxo is geared to meet the quality and choice expectations of a young India with its sub-brands such as Sparx, Bahamas, Flite, Schoolmate, and Relaxo Hawaii.


1. Bata India Ltd

Established in 1931, Bata India Limited is the largest retailer and manufacturer of footwear in the country. The Company four state-of-the-art production facilities are located strategically across the country and produce all kinds of footwear.

Bata is the world’s leading shoemaker by volume, designing stylish and comfortable footwear at surprisingly affordable prices. The Brand has a strong Pan-India retail presence with over 1,400 stores across cities.

  • Sales₹ 3,467 Cr.
  • Operating profit₹ 789 Cr.
  • Net profit₹ 311 Cr.
  • Sales last year₹ 3,452 Cr.
  • EBIDT last year₹ 842 Cr.

Best Brand has been adding large-format stores every year. Besides owned stores, the Bata brand is also available through a large network of dealers. It is largest in the list of top footwear companies in India. The Company is Largest Indian shoes brand.

  • Total Assets₹ 3,272 Cr.
  • Reserves₹ 1,374 Cr.
  • Debt₹ 1,246 Cr.
  • Debt to equity0.87
  • Dividend yield0.83 %
  • Face value₹ 5.00
  • ROE 5Yr11.6 %
  • ROCE19.6 %
  • ROCE 3Yr9.29 %
  • Return on equity19.8 %
  • Promoter holding50.2 %

Bata, the name, stands synonymous with quality and has been the trustworthy footwear partner for the Indian consumers. As a brand, Bata is aspirational, vibrant, and sought-after. Commitment to quality, combined with an excellent mix of design, comfort, and affordability, makes Bata the No. 1 footwear brand in India.

list of top footwear Brands in India.


List of Top Footwear Companies in India

NoCompany Name
1Bata India Ltd
2Relaxo Footwears Ltd
3VKC Group Footwears
4Mirza International Ltd
5Khadim India Ltd
6Liberty Shoes Ltd
List of Top footwear companies in India

Read more about Footwear Industry in India