Farida Group Explained

Farida Group
Type:Private company
Foundation:1957
Founder:Abdul Majid Sahib
Location:Chennai, Tamil Nadu, India[1]
Key People:Rafeeque Ahmed (CEO)
Products:Leather Products
Revenue: (2017)
Operating Income: (2017)
Net Income: (2017)

Farida Group is one of the largest leather manufacturing companies in India based in Chennai. The Group has 13 factories spread across Asia, Africa and Europe[2] It was founded by Abdul Majid Sahib in 1957 in Ambur.

Growth

The company has been rapidly expanding its presence all over North America and Europe by acquiring leather factories in US, UK, Germany and has recently entered the markets of Japan, China and South Korea.[3] Future expansion plans in the Middle East, South America and China have pushed the company towards capitalizing on these regions.[4]

References

  1. Web site: Farida Group – Bloomberg Company Profile . farida.co.in. 2018-09-15.
  2. Web site: Farida group to make foray into Bangladesh. The Hindu. 2018-09-15.
  3. Web site: Best foot forward. Outlook Business. 2018-09-15.
  4. Web site: Farida group to step up focus on Chinese shoe market. The Hindu. 2018-09-15.