Relaxo Explained

Relaxo Footwears Limited
Type:	Public
Traded As:
Foundation:	1976^[1]
Founders:	Mukand Lal Dua Ramesh Kumar Dua^[2]
Location City:	New Delhi
Location Country:	India^[3]
Area Served:	Global
Industry:	Footwear
Brands:	Relaxo Bahamas Flite Belle Sparx Boston Mary Jane Kid's fun
Revenue:	(FY22)
Net Income:	(FY22)^[4]
Homepage:	relaxofootwear.com

Relaxo Footwears Limited is an Indian multinational footwear manufacturer based in New Delhi. The company is the largest footwear manufacturer in India in terms of volume and second-largest in terms of revenue.^{[5] [6]} The company makes products under 10 brands including Flite, Sparx, Bahamas and Schoolmate.^{[7] [8] [9] [10] [11]}

Among Bollywood actors signed up to endorse the company's brands are Salman Khan,^[12] Akshay Kumar,^[13] Katrina Kaif^[14] and Sonakshi Sinha.^[15]

In December 2023, Relaxo Footwears acquired a 30-acre land parcel in Bhiwadi, Rajasthan, for ₹135 crore.^[16] Sparx is one of the most famous brands owned by Relaxo.

Notes and References

1. News: Explained: How the Dua brothers turned Relaxo into a footwear empire . 10 May 2020 . Business Standard.
2. News: From just a single product in 1976, Relaxo has come a long way . 10 May 2020 . Forbes India.
3. News: Relaxo, On Strong Footing . 7 December 2021 . Forbes India . en.
4. News: Relaxo Footwears Q4 net profit falls 38% to Rs 63 cr; revenue declines 6.6% . 23 January 2023 . Business Standard . 11 May 2022 . en.
5. News: Relaxo in retail push to grow topline . 10 May 2020 . Moneycontrol.
6. News: 11,800% jump in 10 years! This stock remains impervious to rural slowdown . 10 May 2020 . Economic Times.
7. News: Relaxo changes its 40-year old logo; aims to open 10 franchise stores this year . 10 May 2020 . Livemint.
8. News: Relaxo: cushioning your feet since 1984 . 10 May 2020 . The Hindu Business Line.
9. News: Relaxo carves strong foothold . 10 May 2020 . Business Standard.
10. News: Relaxo finds the right fit, closes in on Bata's m-cap . 10 May 2020 . Economic Times.
11. News: Relaxo eyes Rs 2,500 crore turnover this fiscal . 10 May 2020 . Times of India.
12. Web site: Salman Khan to endorse footwear brand . 2020-06-13. India Today. 24 July 2012 . en-US.
13. News: Akshay Kumar to endorse footwear brand 'Sparx' . 13 June 2020 . Zee News . 17 September 2012 . en.
14. News: Relaxo signs Katrina Kaif as brand ambassador . 13 June 2020 . Hindustan Times . 22 August 2012 . en.
15. News: Sonakshi Sinha endorses footwear brand . 13 June 2020 . The Indian Express . 22 December 2014 . en.
16. Web site: 2023-12-11 . Relaxo Footwears acquires 30 acres of land in Rajasthan for ₹135 crore . 2023-12-11 . CNBCTV18 . en.