Meet man, who from single shoe store Built company worth Rs 230000000000 crore empire, his connection with Rakesh Jhunjhunwala is…
This success story features man, who from single shoe store Built company worth Rs 230000000000 crore empire, his connection with Rakesh Jhunjhunwala is…
Success Story: The only place where success comes before work is in the dictionary. No one embodies this statement better than Rafique Malik, a billionaire businessman and the chairman of Metro Brands. This footwear visionary transformed his business from a single shoe store into a Rs 23,000 crore enterprise. Metro Brands is the owner of several well-known brands, including Mochi, Walkway, Metro Shoes, Da Vinchi, and FitFlop.
According to the official website of Metro Brands, the company operates 854 stores across 195 cities in India. “Mr. Rafique A. Malik is the Chairman of Metro Brands Limited, a pivotal role he assumed on 19th January 1977. A distinguished alumnus of Harvard University, Mr. Malik’s indelible mark on the organization is synonymous with unwavering commitment and visionary leadership, steering Metro Brands Limited to unparalleled success,” reads the official website.
At present, his daughter, Farah Malik Bhanji, serves as the managing director of the firm and is the second of Rafique Malik’s five daughters. As per Forbes, his net worth is $2.9 billion. The 73-year-old ranks 1187 in the Forbes World’s Billionaires list.
Meet man, who from single shoe store transformed company worth Rs 230000000000 crore empire, his connection with Rakesh Jhunjhunwala is…
Rafique Malik’s journey began with his father, Malik Tejani, who founded Metro as a single shoe store in Mumbai in 1955. Rafique successfully expanded this small business into a robust company, establishing a strong presence in India’s affordable fashion footwear market. Rafique Malik is a self-made man. He is widely known as a master of Indian footwear retail. His guiding beliefs, values, and determination have propelled Metro Brands Limited to great heights of success.
Rakesh Jhunjhunwala Connection
However, Malik remains relentless in his pursuit of new launches and achievements. He listed his company with a Rs 1,367 crore IPO in December 2021. Notably, the family of the late billionaire Rakesh Jhunjhunwala owns a small stake in Metro Brands.
“Over the course of his career spanning more than five decades within the retail industry, Mr. Malik is a stalwart in the Indian footwear retail. His tenacity and ambition have propelled a modest single-store operation into one of India’s largest and most profitable fashion footwear companies,” reads the website.
‘Under Mr. Malik’s astute guidance for over five decades, Metro Brands has become a formidable house of brands with 800 stores located across India. The diverse and robust portfolio of brands under the Metro Brands’ umbrella reflects his foresight and strategic acumen, encompassing iconic Indian names like Metro Shoes, Mochi and international sensations such as Foot Locker, Crocs, FitFlop, and Fila,’ reads the statement.
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