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Bata India Ltd.

BSE: 500043 Sector: Others
NSE: BATAINDIA ISIN Code: INE176A01028
BSE LIVE 15:55 | 23 May 526.40 -17.75
(-3.26%)
OPEN

541.75

HIGH

543.20

LOW

522.90

NSE 15:59 | 23 May 525.50 -18.40
(-3.38%)
OPEN

544.95

HIGH

544.95

LOW

522.00

OPEN 541.75
PREVIOUS CLOSE 544.15
VOLUME 24372
52-Week high 613.55
52-Week low 400.00
P/E 39.25
Mkt Cap.(Rs cr) 6,765
Buy Price 0.00
Buy Qty 0.00
Sell Price 526.40
Sell Qty 6.00
OPEN 541.75
CLOSE 544.15
VOLUME 24372
52-Week high 613.55
52-Week low 400.00
P/E 39.25
Mkt Cap.(Rs cr) 6,765
Buy Price 0.00
Buy Qty 0.00
Sell Price 526.40
Sell Qty 6.00

Bata India Ltd. (BATAINDIA) - Company History

Bata India Ltd is the largest footwear retailer and the leader in the footwear industry in India. The company is engaged in the business of manufacturing and trading of footwear and accessories through their retail and wholesale network. They are having their production facilities at Batanagar in West Bengal, Patna and Hathidah in Bihar, Faridabad in Haryana, Bangalore in Karnataka and Hosur in Tamilnadu. Their wholly owned subsidiaries include Bata Properties Ltd and Coastal Commercial & Exim Ltd. The company operates in two segments, namely footwear & accessories, and investments in joint venture for surplus property development. Their Footwear & Accessories segment is engaged in the business of manufacturing and trading of footwear and accessories items through their retail and wholesale network. Their Investment in joint venture for surplus property development segment is involved in development of real estate at Batanagar. Their products include leather footwear, rubber/canvas footwear and plastic footwear. Bata India Ltd was incorporated in the year 1931 as Bata Shoe Company Pvt Ltd in Konngar, West Bengal, which was then shifted to Batanagar. Batanagar was the first manufacturing facility in the Indian shoe industry to receive the ISO 9001 certification. The company went public in 1973. They changed their name to Bata India Ltd. Over the years, the company has established a leadership position in the footwear industry and is easily the most trusted name in branded footwear. The company has entered into an agreement with Bata Ltd of Toronto, Canada for supply of technical know-how and services such as Footwear technology and design, brand development, product development, retailing and information systems for a period of ten years from January 1, 2001. The company bagged the Retailer of the year award for the year 2006 in the footwear category as a part of the Reid and Taylor Award for Retail Excellence which was presented during the Indian Retail Summit 2006. They received the country's most coveted Retail Award at the 4th Images Retail Awards (IRA) 2007. The company was honoured with Most Admired Brand of the year 2006-07 in Footwear category. They were rated as one of the Top 10 super brands in India and awarded Super Brands Award on April 12, 2007. In February 21, 2008, they were given AMITY Corporate Excellence Award 2008. This award was given for Bata's excellent performance and retail growth during 2007. The company entered into a joint development agreement with Calcutta Metropolitan Group Ltd for developing around 262 acres of land in Batanagar. The company formed a special purpose vehicle called Riverbank Holdings Pvt Ltd. The development of 262 acres was split into two parts, IT SEZ for 25 acres developed by Riverbank Holdings Pvt Ltd and the remaining 237 acres will be done by the new company Riverbank Developers Pvt Ltd. In the year 2009, the company opened 69 new Bata stores, which are all in large format with an average of over 3000 square feet. They also renovated 40 existing stores and closed down 73 stores which were in small format and unviable. In the year 2010, the company won the 'Consumer Awards 2010' as 'India's Most Preferred Retailer' given by CNBC Awaaz. The company opened 108 new large format stores across all major towns in India.