Introduction:
The corporation is engaged withinside the commercial enterprise of dealing in all forms of shoes and leather-based add-ons. It is likewise engaged as a store and wholesaler of shoes and leather-based articles. The Sreeleathers has around 30 retail stores (together with stores owned with the aid of using franchise), unfold over 9 states together with West Bengal, Bihar, Jharkhand, etc. Sreeleathers Ltd sells its merchandise ordinarily inside India with insignificant export income.
About Sreeleathers:
The humble starting of the emblem Sreeleathers dates extra than three many years ago, whilst Sri Satyabrata Dey got here to Calcutta and commenced a commercial enterprise of promoting shoes from a bit store on Lindsay street. At a time whilst sporting leather-based shoes become visible as a luxury, and the retail enterprise didn’t cater to the middle-magnificence populace in India: he centered on making suitable exceptional leather-based shoes handy to everyone.
SREELEATHERS LIMITED is positioned in Kolkata, West Bengal, India and is a part of the Leather and Hide Tanning and Finishing Industry. SREELEATHERS LIMITED has 31 general personnel throughout all of its places and generates $11.fifty one million in income (USD). (Employees determine is estimated). There are five groups withinside the SREELEATHERS LIMITED company family.
Sreeleathers Founder & Team:
Mr. Satyabrata Dey becomes the founding father of Sreeleathers. Sreeleathers is positioned in Kolkata, West Bengal, India.
Sreeleathers History:
The tale of Sreeleathers from a humble save in Jamshedpur to pan India presence is inspiring in each sense. What commenced as an ardor for ‘Swadeshi’ product has developed right into a successful commercial enterprise that specializes in assembly clients’ expectancies and that too at an cheap price.
The records of the Company date extra than 1/2 of a century back. It commenced as a humble corporation in Jamshedpur whilst freedom fighter Late Suresh Chandra Dey, enthused with countrywide fervor, desired to offer his countrymen the posh of sporting snug shoes. Its merchandise varies from shoes to diverse leather-based add-ons like bags, belts, purses, etc. The corporation is thought of for its exceptional, belief and extremely good values.
It has furnished its merchandise to hundreds of thousands of happy clients everywhere in the globe, the bulk of who come to be its ordinary clients. When Sushant took over the reins of shoes and add-ons commercial enterprise from his father Sekhar Dey, it become already a longtime call in jap and northerly India.
Armed with a diploma in commercial enterprise management from Western Michigan University, USA, Sushant has delivered fees to the emblem with the aid of using diversifying into the untapped marketplace and paving the manner for e-trade commercial enterprise. Understanding the significance of diversifying, in 2009, Sushant, a third-era member of the family, moved from his fatherland Jamshedpur to Tamil Nadu and set up an unmarried emblem save in Chennai.
Sreeleathers Limited become included on January 14, 1991. The corporation is engaged in the production promoting and advertising of distinct forms of shoes leather-based items and add-ons for guys girls and kids. The Company has its retail presence within the Metro town and Tier II town regions throughout India.
The corporation has 3 operational commercial enterprise devices in the New Market location in Kolkata and is different in Panchavati Area Jaipur. The Indian shoe marketplace is ruled with the aid of using unorganized gamers however as customer alternatives and shopping for behaviors are converting prepared retail gamers are making areas for themselves withinside the marketplace. Of the full shoes produced 90% are fed on in u. s. a . at the same time as the last 10% are exported.
Sreeleathers Name & Logo:
Sreeleathers Revenue:
Sreeleathers’s sales are ranked ninth amongst its pinnacle 10 competition. The pinnacle 10 competition is common 452.5M. Over the ultimate 4 quarters, Sreeleathers’s sales have grown with the aid of using 3750.three%. Specifically, in Q1 2021’s sales become $16.8M; in Q4 2020, they become $4.5M; in Q3 2020, they become $1.9M; in Q2 2020, Sreeleathers’s sales become $ < 1M.
- Here is a precis of economic data of SREELEATHERS LIMITED for the economic yr finishing on 31 March 2021.
- Revenue/turnover of SREELEATHERS LIMITED is INR one hundred cr – 500 cr
- The net really well worth of the corporation has improved with the aid of using 11.87 ITDA of the corporation has improved with the aid of using five.97 %
- Total belongings of the corporation have improved with the aid of using 9.95 %
- Liabilities of the corporation have reduced with the aid of using -13.45 %
Sreeleathers Funding & Investors:
Sreeleathers is registered beneath the ticker BOM: SREEL. From 2009-10 to 2013-14, the buyers had been invested in this corporation.
Sreeleathers Management Model:
Sreeleathers Ltd.’s income increase (five years and 10 years) is better than the income increase of its peers. Its internet income margin (NPM) is 15%, that’s a great deal better than the NPM of its peers. Promoter’s profits are improved at the side of growth in earnings while different key employees as though CFO and corporation secretary profits may be very low and ultimate 2 years the increment in their profits has been negative. In addition, the variety of personnel has been reduced. The worker is counted number has reduced from sixty-two in 2015 to 34 in 2018.
The corporation purchases items and sells items to itself M/S Sreeleathers. The Company’s PAT has grown from Rs. 1340.30 lacs to Rs. 2137.18 lacs a growth of 59.45%, towards which the common lower in remuneration is 19.78% this has been finished with the aid of using higher manpower utilization.
Other Services Offered through Sreeleathers:
Sreeleathers gives footwear, bags, belts, etc.
Sreeleathers Competitors:
The pinnacle 10 competitors in Sreeleathers’ aggressive set is Khadim, Bata, Relaxo, Tresmode, Liberty Shoes, Paragon Footwear, Metro, Doc & Mark, Crocs, and Vkc Group. Together they have got raised over 2.4B among their envisioned 62.3K employees.
Sreeleathers Latest News:
- 07 Feb 2022: SREELEATHERS LTD. has knowledgeable BSE that the assembly of the Board of Directors of the Company is scheduled on 14/02/2022, inter alia, to don’t forget and approve of un-audited Financial Results (standalone) for the area ended thirty-first December 2021.
- July 22, 2019: Sreeleathers Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2019.
- Jun 08, 2020: Sreeleathers expects a negative effect on profitability because of lockdown; inventory trad.
Sreeleathers Future Plans:
Sreeleathers Ltd, the home-grown shoes and leather-based add-ons organization, has firmed up competitive growth plans. According to its Managing Director Satya Brata Dey, Sreeleathers will cognizance of exploiting call for with the aid of using increasing its geographical footprint via special stores, each organization-owned and franchisees. The Kolkata-primarily based totally organization has a well-hooked-up presence within the East and the North. It might now appear to ‘aggressively pursue’ growth in western India.
The organization, which has been registering near 30-forty consistent with cent increase in turnover on a 12 months-on-12 months basis, is awaiting its sales to develop manifold supported with the aid of using a robust call for and its growth plans. Plans also are afoot to faucet the e-trade section in a large way. The organization intends to promote via its very own internet site first earlier than latching directly to e-trailers.
FAQs about Sreeleathers:
Is Sreeleathers a great emblem?
The organization is thought of for its quality, accept as true with first-rate values. It has provided its merchandise to tens of thousands and thousands of glad clients everywhere in the globe, the bulk of who grow to be its normal clients.
How many Sreeleathers showrooms are in India?
Sreeleathers is a 35-save national chain doing what it set out for whilst freedom fighter past due Suresh Chandra Dey commenced it in 1951 at Jamshedpur: to promote long-lasting and low priced footwear to the not unusual place man.
How do I cancel an order on Sreeleathers?
The patron should email on-line@sreeleathers.com within 7 days of receiving the object to sign up a request. – The patron can anticipate an opposite pickup within 7 days after criticism has been lodged.
Who is the proprietor of Sreeleathers?
Mr. Satyabrata Dey
How a great deal does a Sreeleathers franchise cost?
The predominant investments required are shopping stock and for the showroom indoors works. There may be a franchise emblem charge of five lakh rupees, which you want to pay for Sreeleathers.
Is Sreeleathers Indian emblem?
Manufacturing. All our merchandise is proudly Made in India.
Can I go back the object to a Sreeleathers save close to me?
Items bought online cannot be back to any save. It needs to be shipped to cope with the proven invoice.
Can I order from different countries?
A gift they may now no longer promote doors India.
Conclusion:
Sreeleathers is thought of for its quality, accept as true with first-rate values. It has provided its merchandise to tens of thousands and thousands of glad clients everywhere in the globe, the bulk of who grow to be its normal clients.
Disclaimer – We have collected this information from various trustworthy sources on the Internet, and the facts have been checked manually and verified by our In House team.
