History of Relaxo Footwears Ltd.

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

The Comp. markets the products of group concerns & in 1993-94 marketed 13.25 million pairs an elaborated below :

[in million pairss] ---------------------------------------------------------- Upto Nov '94 1993-94 1992-93 [8 month periods] ----------------------------------------------------------

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

The Hawai and Light weight chappal Industry comprises of about 30 units in the organised sector & 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 & supply gap of about 150 million pairs per annum. In veiw of this, the Comp. is selling up modern plant to manufacture 50,000 pairs of Hawai and lightweight Chappals per day on two shift basis under the present project. The Comp. 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 & has a network of over 200 distributors & 20,000 dealers. The group manufactures Rubber Hawai Chappals, Canvas Shoes, sports shoes, casual shoes, leather shoes & light weight chappals. Its total daily production of all footwear is approx. 50,000 pairs per day of which approximately 90% a Hawai and Lightweight Chappals - a segment in which the group is one of top manufacturers in India.

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

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

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

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

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

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