Farida Group

Farida Group is one of the largest leather manufacturing companies in India 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 growing at an annual rate of 16% and is in line to become a billion dollar company by 2021.

Farida Group
Private company
Founded1957
FounderAbdul Majid Sahib
HeadquartersChennai, Tamil Nadu, India[1]
Key people
Rafeeque Ahmed (CEO)
ProductsLeather Products
Revenue₹17,456.4 million (US$240 million) (2017)
₹8,985.62 million (US$130 million) (2017)
₹16,789.91 million (US$240 million) (2017)
Websitewww.farida.co.in

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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