Mirza International Limited
26.40
INR
-0.62
(-2.29%)
ISIN
INE771A01026
Return %
Stock
S&P 500
1Y
-32.05
14.20
3Y
-46.73
81.12
5Y
-58.36
68.34
Capital Structure
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INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Tauseef Ahmad Mirza
- Full Time Employees
- 1,288
- Sector
- Consumer non-durables
- Industry
- Apparel/Footwear
- Address
- A-71, Sector-136 Noida UP India 201301
- IPO Date
- Sep 19, 1994
- Website
- mirza.co.in
- Similar Companies
- Business
- Mirza International Limited is an Indian leather footwear manufacturer, marketer, and exporter founded in 1979 and headquartered in Kanpur, India. The company manufactures a wide range of leather footwear and finished leather products, supplying global footwear retailers and brands through private label manufacturing. Its main product offerings include men's, women's, and children's leather shoes under several proprietary brands such as Red Tape, OakTrak, and Thomas Crick, as well as the youthful Off The Hook brand targeting more fashion-forward markets. The company operates four fully integrated shoe production facilities with an installed capacity of 3.35 million pairs annually, alongside a tannery with a 20 million square feet leather processing capacity, sourcing raw cowhides primarily from Europe. Mirza also supplies finished leather to international furniture brands, recently entering the upholstery and sofa leather segment, exemplified by a partnership with India's leading furniture brand Stanley. Mirza International holds a strong global presence, exporting to 28 countries across six continents, with approximately 75% of its revenue derived from international sales. It is a major supplier to leading footwear brands including Steve Madden, Lucky Brand, Kenneth Cole, DSW, Marks & Spencer, and recently established long-term partnerships with US-based Marc Fisher, owner of brands like Guess and Tommy Hilfiger. The company also acquired 100% ownership of Genesis Brands Inc., a US-based subsidiary focused on retail marketing and e-commerce in the footwear segment. Operationally, Mirza continues to emphasize state-of-the-art manufacturing techniques including double density direct injection polyurethane and moccasin construction methods, maintaining adherence to international environmental regulations by avoiding banned chemicals in its leather production. The company recently launched an Employee Stock Option Scheme 2025 to incentivize and retain talent, reflecting its strategic focus on growth and operational excellence. Mirza International's recent strategic moves include expanding its branded footwear presence in the UK and European markets through partnerships with major marketplaces such as Debenhams, ASOS, and Next for its Off The Hook brand, and advancing business with leading European footwear companies. Additionally, the company completed a composite scheme of arrangement in 2023 that included amalgamation with RTS Fashions Private Limited and a demerger of the branded Red Tape business to optimize its corporate structure for focused growth in branded footwear and leather segments. These developments underscore Mirza International’s commitment to strengthening its market position both as an outsourced manufacturer and a direct brand owner in global footwear and leather product markets. Overall, Mirza International operates primarily in the leather footwear manufacturing and export industry with complementary activities in finished leather supply for furniture and allied sectors. The company targets international footwear brands and retailers as primary customers while simultaneously growing its own branded footwear business, leveraging integrated manufacturing capabilities and global distribution channels to maintain a competitive edge. Its headquarters in Kanpur supports a robust domestic infrastructure that feeds its extensive global operations, now enhanced by recent acquisitions, strategic partnerships, and new product introductions in both footwear and leather upholstery categories. This comprehensive operational and strategic profile highlights Mirza International Limited’s position as one of India’s premier leather footwear manufacturers and exporters, actively expanding its international footprint and innovating product offerings in response to evolving global market demands.