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Mirza Tanners was set up as a private limited company in 1979. The key promoter Irshad Mirza has a 45-year experience in the leather industry. The Managing Director Rashid Mirza has obtained a Diploma in Leather Technology from UK. The management has more than 75% of the equity, 11% is held by FIs and rest is with public.
The footwear industry in India is largely in hands of small and unorganized players. The industry size is estimated at Rs70bn in value terms and 620mn in volume terms. The industry has been growing at 10-12%pa. Bata is the largest player with around 10% volume share and around 60% market-share in the organized segment. The company has a market share of 70% in canvas shoes segment while it has a share of 60% in leather shoes. The company competes with Liberty Shoes in the popular segment of the organized market and with regional/local players in unorganized market. Other leading organized sector players are Phoenix International, Action Shoes and Lakhani Shoes.
Mirza Tanners is into business of manufacturing and selling shoes. The company is one of the largest shoe manufacturers in the world. The company is a government recognized export house. The company is largest exporter of shoes from India. The company exports its shoes, which are sold by leading shoe manufacturers globally. The company also sells its shoes under brand name of Red Tape, Ozark and OakRidge.
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