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Lakhani India Ltd.

BSE: 531085 Sector: Others
NSE: N.A. ISIN Code: INE935C01015
BSE 05:30 | 01 Jan Lakhani India Ltd
NSE 05:30 | 01 Jan Lakhani India Ltd

Lakhani India Ltd. (LAKHANIINDIA) - Company History

Originally incorporated as Lakbros Shoe Company Pvt Ltd in Dec.'81, Lakhani India (LIL) was converted into a deemed public limited company on 14 Jul.'89 and its name was changed to Lakhani India in Sep.'94. Promoted by K C Lakhani, P D Lakhani and J C Arora, LIL belongs to the Lakhani group. It manufactures and markets shoes and chappals. In Jun.'95, LIL came out with a public issue of 38.4 lac equity shares at a premium of Rs 110, aggregating Rs 46.08 cr, to part-finance the expansion-cum-modernisation of its non-leather shoe unit from 30 lac to 61.65 lac pairs pa at Faridabad, Haryana, and its diversification into the manufacture of 3 lac pairs of leather shoes. The other companies in the Lakhani group are Lakhani Rubber Udyog, Lakhani Footwear, Lakhani Shoe Company, Lakhani Shoes, etc. The group is the largest manufacturer of beach slippers and the second-largest manufacturer of canvas shoes in India. It exports goods to UK, Sweden, Italy, France, Germany, Ireland and Western Australia. The manufacturing units of LIL are at Bhiwadi, Rajasthan; Noida and Faridabad, Uttar Pradesh; and Indore, Madhya Pradesh. The Lakhani group is one of the largest suppliers of rubber components to automobile manufacturers like Maruti, TELCO, Escorts, Sona Steering, DCM Daewoo, etc.