Farida Group

Farida Group
Private company
Founded 1957
Founder Abdul Majid Sahib
Headquarters Chennai, Tamil Nadu, India[1]
Key people
 Rafeeque Ahmed (CEO)
Products Leather Products
Revenue Increase₹17,456.4 million (US$240 million) (2017)
Increase₹8,985.62 million (US$130 million) (2017)
Increase₹16,789.91 million (US$230 million) (2017)
Website www.farida.co.in

Farida Group is one of the largest leather manufacturing companies in Asia based in Chennai. The Group has 13 factories spread across Asia, Africa and Europe[2] It was founded by Abdul Majid Sahib in 1957 in Ambur. It is projected to become a billion dollar company by 2023.

Growth

The company has been rapidly expanding its presence all over North America and Europe by acquiring leather factories in US, UK, Germany and has recently entered the markets of Japan, China and South Korea.[3] Future expansion plans in the Middle East, South America and China have pushed the company towards capitalizing on these regions.[4]

References

  1. ↑ "Farida Group – Bloomberg Company Profile". farida.co.in. Retrieved 2018-09-15.
  2. ↑ "Farida group to make foray into Bangladesh". The Hindu. Retrieved 2018-09-15.
  3. ↑ "Best foot forward". Outlook Business. Retrieved 2018-09-15.
  4. ↑ "Farida group to step up focus on Chinese shoe market". The Hindu. Retrieved 2018-09-15.
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