Ajanta Footwear plans to launch IPO quickly, units goal of Rs 1000 crore income by 2028

Ajanta Footwear India Pvt Ltd, a third-generation firm within the Indian footwear trade, organised its supplier meet at present in a number of locations, together with Kolkata. Throughout the assembly, key distributors of West Bengal and Uttar Pradesh mentioned the expansion technique. The corporate is making ready to have a good time its seventieth anniversary in January 2026. As well as, the corporate plans to launch its preliminary public providing (IPO) to speed up its enlargement.

The corporate targets Rs 1,000 crore income by 2028

Ajanta Footwear goals to realize a income of Rs 1,000 crore by 2028 and targets a 35 per cent compound annual progress charge (CAGR) to consolidate its place as a high nationwide footwear model. The sellers’ assembly unveils Ajanta Footwear’ transformational roadmap, which can deal with portfolio diversification, geographical enlargement, and multi-channel progress. With a 40 per cent market share within the slippers section in West Bengal, the corporate is increasing into worth, mass, and premium segments with new choices, together with girls’s footwear, clogs, and athleisure.

Firm strengthening presence in West Bengal

Ajanta Footwear is strengthening its presence in West Bengal and focusing on high-potential markets like Uttar Pradesh, Madhya Pradesh, and Southern areas by a robust multi-channel technique that features Multi-Model Retailers (MBOs), Unique Model Retailers (EBOs), and a fast-growing e-commerce platform.

Other than this, Ajanta Footwear is about to launch sensible sneakers forward of Durga Puja. Ajanta Footwear is the primary firm within the nation to introduce such sneakers. By this sensible shoe, customers may have entry to options resembling footstep detection, tune playback, Google Maps, and a digital camera, amongst others. At the moment, these sneakers have been launched in Dubai. The value of this distinctive shoe in Dubai is Rs 15,000. Whereas in India, the value shall be Rs 9,000.

New product launch forward of Durga Puja

Ajanta Footwear chairman Subrata Banik, whereas talking to India TV, mentioned that the corporate launches new merchandise earlier than Durga Puja. This 12 months, they will launch sensible sneakers. 

The corporate’s MD, Sagnik Banik, mentioned that Ajanta’s sensible sneakers will give 40 per cent higher information than the perfect smartwatch out there. He famous that many sorts of gestures shall be out there in these sensible sneakers from Ajanta, which can be customised.