About
Liberty Shoes Ltd
Liberty Shoes (LSL), incorporated in Sep.'86 as a public limited company, engaged in the business of manufacturing and selling leather & non-leather shoes, leather shoe uppers and leather garments through retail, e-commerce and wholesale network. In 1991, LSL set up a joint venture to manufacture shoes, which discontinued its operations in December, 1995.
LSL has floated its maiden public issue at a premium of Rs. 89 to part-finance the project to manufacture facility for 6 lac pairs of leather shoes and 9.6 lac pairs of non-leather shoes. The company has commenced commercial production of non-leather shoes in Dec.'93.
LSL has well established network of retail stores, and markets it's products under the well known brand 'Liberty'. LSL serves all major segments of the footwear market, it's product range consists of Gliders and Coolers range of footwears under Casual Footwear segment, GeoSport in Sports shoes. The company brand stable also includes Force-10, Senorita and A-ha range of products. The Liberty brand of LSL holds 32% market shares in the leather footware catogery.
The company has upgraded its manufacturing facilities to manufacture high-quality speciality sport shoes of international standard. Beside this the company intends to open its premier mega leather goods stores of international standard in the major cities of India.
LSL entered into an marketing arrangement with renowned distribution company Delta International Schuhmode, which paves way for LSL to export shoes to Germany.
Even though the company was awarded 'A1+'(meaning highest safety) rating for its commercial paper in 1999-2000 by ICRA, the company has not issued any commercial paper in FY2000-2001.
In 2000-01 the company has completed the first phase of the SAP implementation project. and the second phase is expected to be completed during the current year. The company haas also implemented a backward integration project for manufacturing EVA co-polymers at Libertypuram in Haryana. EVA being the import substitution product, the company can save foreign exchange.
The Company completed first year of its restructured operations after taking over the business of manufacturing and sale of footwear of two group partnership firms, namely, M/s Liberty Enterprises and M/s Liberty Group Marketing Division during 2003-04. The Company commenced the commercial operations of its new manufacturing facilities at Uttranchal, effective from 27 June, 2004. The Company incorporated a subsidiary under the name Liberty Retail Revolutions Ltd. in 2004. It opened there first store on 2nd April, 2004 in Mumbai.
The Company strengthened its front-end by widening its Revolutions' retail presence, setting up of a joint venture with Pantaloon in the area of footwear retail and the formation of a wholly-owned subsidiary at UAE to promote its global operations during 2005-06. To expand its retail network across the world, especially in the Middle East, Indian subcontinent and East and West Europe, the Company floated its first wholly owned subsidiary with the name of ' Liberty Foot Fashion (UAE) LLC in the UAE in May, 2006. Further, it set up a joint venture with Pantaloon Retail (India) Ltd, a retail behemoth, under the name of Foot Mart Retail India Limited (FMRIL) to exploit opportunities in India's organised retail for footwear and other related accessories.
During 2006-07, the Company expanded 3 new shoes manufacturing plants resulting the shoes capacity of 106 lacs pairs.
During 2018-19, the Company diversified its product category by adding fine fragrance perfumes and after shave lotions resulting the launching of 12 variants under the brand 'Liberty'. Further, it introduced new range of premium casual footwear with novel identity of 'LEAP7X' in 2022-23.
Liberty Shoes Ltd
Chairman Speech
New Idea. New Success.
Dear Friends
It was a marketing mastermind of the 20th century who once famously remarked:
“Products don't sell. Ideas do.”
We, at Liberty, have come up with one such winning idea in the form of Healers,
footwear that defines the Art of Comfort. I am happy to report that in the marketplace
Healers has redefined the Art of Winning Customers and Boosting Sales. News that suggest
very bright prospects for your Company.
Credit for this positive development goes to our dynamic Research and Design wing who
has successfully harnessed a new technology to give us the edge. With their fingers on the
pulse of the consumers they have created footwear that provides definite value addition in
today's fast paced world where 3 out of every 5 buyer is battling stress as part of a
highly achievement-oriented lifestyle. With aspirations mounting, tensions are rising. In
this scenario it's a great idea to come up with footwear that is a natural stress-buster.
Healers, that provides foot massage at every step, emerges as a corollary to a stress-free
lifestyle.
Yes, if you were to ask me what is the defining feature of today's Liberty my answer
would be the feeling of positivity that today permeates every aspect of our functioning.
We are moving ahead light-footed and confident to change the discourse of Footwear
purchase. We are doing so by emerging as a technology - driven organization. We are sure
this approach will yield rich dividends and further multiply the value of Brand Liberty.
With technology as our driving force we are using innovation to give a new meaning to a
product. It is connected to the purpose of “why” a product is used. It is not
about “how” it is used. In this sense, innovation emerges as a key
differentiator that is connected to a human's new experience of use - rather than to the
improvement of an existing performance. This type of innovation builds on people and their
interpretation of why a product or service makes sense in their life.
For a people centric organization the future presents very exciting prospects.
Globalization, internet - penetration and the rising aspirations of a burgeoning middle
class has dramatically changed the way people perceive footwear. From being an accessory
it has emerged as one of the principal items of an individual's fashion wardrobe.
Council for Footwear Leather & Accessories (CFLA), set up under the aegis of DIPP,
Ministry of Commerce & Industry, Government of India, for the development of domestic
footwear industry, has played significant role in representing the Industry with key
policy makers.
Furthermore, with the Government identifying footwear as a focus sector of its 'Make in
India' mission we can look forward to growing by leaps and bounds. With favorable state
support, emphasis on skill-building and capacity development the future can be summed up
in three words: ne plus ultra or a state of peak perfection.
With Liberty's entry in to an another lifestyle product segment, the future looks
evermore promising and the shareholders can continue to enjoy their confidence in the
Company.
Adesh Kumar Gupta
Chief Executive Officer
  Â
Liberty Shoes Ltd
Company History
Liberty Shoes (LSL), incorporated in Sep.'86 as a public limited company, engaged in the business of manufacturing and selling leather & non-leather shoes, leather shoe uppers and leather garments through retail, e-commerce and wholesale network. In 1991, LSL set up a joint venture to manufacture shoes, which discontinued its operations in December, 1995.
LSL has floated its maiden public issue at a premium of Rs. 89 to part-finance the project to manufacture facility for 6 lac pairs of leather shoes and 9.6 lac pairs of non-leather shoes. The company has commenced commercial production of non-leather shoes in Dec.'93.
LSL has well established network of retail stores, and markets it's products under the well known brand 'Liberty'. LSL serves all major segments of the footwear market, it's product range consists of Gliders and Coolers range of footwears under Casual Footwear segment, GeoSport in Sports shoes. The company brand stable also includes Force-10, Senorita and A-ha range of products. The Liberty brand of LSL holds 32% market shares in the leather footware catogery.
The company has upgraded its manufacturing facilities to manufacture high-quality speciality sport shoes of international standard. Beside this the company intends to open its premier mega leather goods stores of international standard in the major cities of India.
LSL entered into an marketing arrangement with renowned distribution company Delta International Schuhmode, which paves way for LSL to export shoes to Germany.
Even though the company was awarded 'A1+'(meaning highest safety) rating for its commercial paper in 1999-2000 by ICRA, the company has not issued any commercial paper in FY2000-2001.
In 2000-01 the company has completed the first phase of the SAP implementation project. and the second phase is expected to be completed during the current year. The company haas also implemented a backward integration project for manufacturing EVA co-polymers at Libertypuram in Haryana. EVA being the import substitution product, the company can save foreign exchange.
The Company completed first year of its restructured operations after taking over the business of manufacturing and sale of footwear of two group partnership firms, namely, M/s Liberty Enterprises and M/s Liberty Group Marketing Division during 2003-04. The Company commenced the commercial operations of its new manufacturing facilities at Uttranchal, effective from 27 June, 2004. The Company incorporated a subsidiary under the name Liberty Retail Revolutions Ltd. in 2004. It opened there first store on 2nd April, 2004 in Mumbai.
The Company strengthened its front-end by widening its Revolutions' retail presence, setting up of a joint venture with Pantaloon in the area of footwear retail and the formation of a wholly-owned subsidiary at UAE to promote its global operations during 2005-06. To expand its retail network across the world, especially in the Middle East, Indian subcontinent and East and West Europe, the Company floated its first wholly owned subsidiary with the name of ' Liberty Foot Fashion (UAE) LLC in the UAE in May, 2006. Further, it set up a joint venture with Pantaloon Retail (India) Ltd, a retail behemoth, under the name of Foot Mart Retail India Limited (FMRIL) to exploit opportunities in India's organised retail for footwear and other related accessories.
During 2006-07, the Company expanded 3 new shoes manufacturing plants resulting the shoes capacity of 106 lacs pairs.
During 2018-19, the Company diversified its product category by adding fine fragrance perfumes and after shave lotions resulting the launching of 12 variants under the brand 'Liberty'. Further, it introduced new range of premium casual footwear with novel identity of 'LEAP7X' in 2022-23.
Liberty Shoes Ltd
Directors Reports
Liberty Shoes Ltd
Company Background
| Incorporation Year | 1986 |
| Registered Office | Liberty Puram 13th Mile Stone,G T Karnal Road Bastara P.O
Karnal,Haryana-132114 |
| Telephone | 91-1748-251101-03,Managing Director |
| Fax | 91-1748-251100 |
| Company Secretary | Munish Kakra |
| Auditor | Pardeep Tayal & Co |
| Face Value | 10 |
| Market Lot | 1 |
| Listing | BSE,MSEI ,NSE, |
| Registrar | Link Intime India Pvt Ltd
Narang Tower,44 Community Centre,Naraina Ind Area,New Delhi-110028 |
Liberty Shoes Ltd
Company Management
| Director Name | Director Designation | Year |
|---|
| Shammi Bansal | Executive Director | 2022 |
| Adesh Kumar Gupta | Executive Director & CEO | 2022 |
| Sunil Bansal | Executive Director | 2022 |
| Munish Kakra | Chief Finance Officer & CS | 2022 |
| Adish Kumar Gupta | Executive Director & CEO | 2022 |
| Ashok Kumar | Executive Director | 2022 |
| Aditya Khemka | Non-Exec. & Independent Dir. | 2022 |
| Arvind Bail Kumar. | Non-Exec. & Independent Dir. | 2022 |
| Sanjay Bhatia | Independent Director | 2022 |
| Sujata | Independent Director | 2022 |
| Gautam Baid | Independent Director | 2022 |
Liberty Shoes Ltd
Listing Information
Liberty Shoes Ltd
Finished Product
| Product Name | Unit | Installed
Capacity | Production
Quantity | Sales
Quantity | Sales
Value |
|---|
| Sales | NA | 0 | 0 | 0 | 601.17157 |
| Other Opearting revenues | NA | 0 | 0 | 0 | 1.18303 |
| Others | NA | 0 | 0 | 0 | 0 |
| EVA Co-polymer Compound | Kg | 0 | 0 | 0 | 0 |
| EVA Co-polymer Compound | Ton | 0 | 0 | 0 | 0 |
| Raw Material Sales | NA | 0 | 0 | 0 | 0 |
| Leather Garments | No | 0 | 0 | 0 | 0 |
| Footwear-Hawai Chappals-Pairs | No | 0 | 0 | 0 | 0 |
| Footwear-Rubber Chappals(Pair) | No | 0 | 0 | 0 | 0 |
| Non Leather Shoe Uppers | No | 0 | 0 | 0 | 0 |
| Non Leather Shoes-in Pair | No | 0 | 0 | 0 | 0 |
| Shoes-Traded | NA | 0 | 0 | 0 | 0 |
| Leather Shoes | NA | 0 | 0 | 0 | 0 |
| Leather Shoes (Pairs) | No | 0 | 0 | 0 | 0 |
| Shoes(Leather/Non Leather)-Prs | No | 0 | 0 | 0 | 0 |
| PU/PVC/EVA Soles | Prs | 0 | 0 | 0 | 0 |
| Shoe uppers-Non Leather | Prs | 0 | 0 | 0 | 0 |
| Leather Shoe Uppers (Pairs) | No | 0 | 0 | 0 | 0 |
| Sole & heel-Rubber/Plastic-Prs | No | 0 | 0 | 0 | 0 |
| Soles-Traded | NA | 0 | 0 | 0 | 0 |