The company was originally incorporated as S.N. Footwear Industries Private Limited under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated December 3, 1981 issued by the Registrar of Companies, West Bengal at Kolkata (RoC). The name of the company was changed to Khadim Chain Stores Private Limited pursuant to a fresh certificate of incorporation dated April 17, 1998. The name of the company was further changed to Khadim Chain Stores Limited, on conversion into a public limited company, pursuant to a fresh certificate of incorporation dated June 24, 2005. Subsequently, the name of the company was further changed to Khadim India Limited, pursuant to a fresh certificate of incorporation dated August 26, 2005.

The company is one of the leading footwear brands in India, with a two-pronged focus on retail and distribution of footwear. It is the second largest footwear retailer in India in terms of number of exclusive retail stores operating under the ‘Khadim’s’ brand, with the largest presence in East India and one of the top three players in South India. The company is led by its Promoter, Chairman and Managing Director, Siddhartha Roy Burman. With 34 years of experience of working with the Company, Siddhartha Roy Burman has been instrumental in the growth of its business. Its corporate Promoter is Knightsville Private Limited.

Business area of the company

The company operates through two distinct business verticals, retail and distribution, each with its predominantly own customer base, sale channels and product range. Its retail business operates through its exclusive retail stores catering to middle and upper middle income consumers in metros (including mini-metros) and Tier I - Tier III cities, who primarily shop in high street stores and malls, for fashionable products. The company’s distribution business operates through a wide network of distributors catering to lower and middle income consumers in metros and Tier I - Tier III cities, who primarily shop in multi-brand-outlets (MBO) for functional products. The company is also engaged in the business of institutional sales and export of footwear.

Khadim India Ltd.

V2 Retail Ltd.

Spencer's Retail Ltd.

Praxis Home Retail Ltd.

Future Retail Ltd.

Thomas Scott (India) Ltd.

Archies Ltd.

Future Lifestyle Fashions Ltd.

Future Enterprises Ltd.

HEADSUP

SILGO Retail Ltd.

V-Mart Retail Ltd.

ETHOSLTD

Arvind Fashions Ltd.

Go Fashion (India) Ltd.

Market Cap	576 Cr	ROE	8.1%
P/E Ratio(TTM)	36.5	EPS(TTM)	0.0
P/B Ratio	2.6	Dividend Yield	0.0%
Industry P/E	101.9	Book Value	125.7
		Face Value	10.0

Fundamentals