| Retail Business | Exclusive branded footwear including leather and non-leather products for men, women and kids sold through company and franchise stores. | Largest footwear retail franchise network in India, strong brand presence, extensive distribution and design capability. | B2C middle and upper middle income consumers in metros and Tier I-III cities. | Higher-end premium footwear and branded accessories. | 3185 | 76 | Retail sales through company-owned and franchise stores plus e-commerce channels. | Retail pricing ranging ₹123 to ₹6,499 across multiple product categories. | Retail footprint expansion, premiumisation, transit retail, digital sales growth. | Khadim's footwear and accessories |
| Distribution Business (Demerger from April 2025) | Distribution through a wide network serving multi-brand outlets primarily to lower and middle income consumers. | Established distribution network and brand recognition in value footwear segment. | B2B sales to multi-brand outlets catering to mass consumers across India. | Not specified; volume-driven sales focus. | 995 | 24 | Wholesale distribution sales. | Wholesale pricing; volume-based sales. | Widespread distributor network, deep market penetration in value segments. | Various footwear brands targeting functional and value segments |
