About Itares Shoes
Itares Shoes is a Consumer company based in Chennai (India) founded in 2006. Brand of multi category footwear for women and men. It operates on a Footwear Brands model. The company has 1,153 employees. Its Indian entity Itares Shoes Private Limited reported revenue of ₹198 Cr. Itares Shoes offers products and services including Itares Shoes Platform. Its focus areas include Fashion and Textile, Footwear Brands and Consumer Goods.
Company details
Itares Shoes offers Itares Shoes Platform while focusing on fashion and textile, footwear brands, footwear brands, and producing consumer products. Brand of multi category footwear for women and men. Delivering reliable solutions, it emphasizes quality, efficiency, and meeting diverse client needs.
- Headquarters Chennai, India
- Employees 1,153
- SectorsConsumer
- Website itaresshoes.com
- Legal Name Itares Shoes Private Limited
- Date of Incorporation 19 Jul, 2006
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹198 Cr
FY 2024 · +14% YoY
- Net Profit₹12.51 Cr
FY 2024 · 6% margin
- EBITDA₹17.99 Cr
FY 2024 · 9% margin
- Employee Count1,153
Associated legal entities of Itares Shoes
Itares Shoes operates through Itares Shoes Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Itares Shoes Private Limited CIN U19201TN2006PTC060594 | Active | 19 Jul 2006 | Chennai, Tamil Nadu | ₹198 Cr | 1,153 | 2 | View details |
Products & Services of Itares Shoes
Itares Shoes offers a comprehensive portfolio of products and services, including Itares Shoes Platform.
Brand of multi category footwear for women and men
Board of directors of Itares Shoes Private Limited (Itares Shoes)
Itares Shoes Private Limited is the primary company behind Itares Shoes. The board of Itares Shoes Private Limited currently have 2 directors; the longest-serving is Bangi Mohammed Ifthikar, appointed in 2006. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bangi Mohammed Ifthikar DIN 01282801 | Director | 11 Dec 2006 | 19 yrs 11 mo | Itares Shoes Private Limited |
| Giorgio Marcoaldi DIN 09381613 | Director | 09 Nov 2021 | 5 yrs | Itares Shoes Private Limited |
Financials of Itares Shoes
Figures of Itares Shoes Private Limited, the primary company behind Itares Shoes, for FY 2024. Revenue was ₹198 Cr (+14% year on year). Net profit was ₹12.51 Cr (6% margin). EBITDA was ₹17.99 Cr (9% margin). Revenue has grown at a compounded annual rate of -5% over three years and -6% over five years.
- ₹198 CrRevenue · FY 2024 · +14% YoY
- ₹12.51 CrNet profit · 6% margin
- ₹17.99 CrEBITDA · 9% margin
- ₹8.54 CrPaid-up capital
- 1,153Employees (provident fund records)
- -5%Revenue CAGR, 3 years
- -6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Itares Shoes Private Limited are on its company page.
Detailed financial statements for Itares Shoes
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Top companies in Footwear Brands
3 companies that operate in the same segment as Itares Shoes (Footwear Brands) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category footwear for men, women, and kids is sold online. | 2005 | Delhi, Delhi, India | USD 48.76 M | USD 191.52 M | 967 | |
Manufacturer of slippers, sandals, and sports & casual shoes | 1976 | Rohtak, Haryana, India | USD 287.67 M | 3,823 | ||
Online platform for purchasing top international fashion and footwear brands. | 2016 | Bengaluru, Karnataka, India |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Itares Shoes
Itares Shoes was founded in 2006.
Itares Shoes is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Itares Shoes has 1,153 employees.
The primary company behind Itares Shoes, Itares Shoes Private Limited, reported revenue of ₹198 Cr for FY 2024, up 14% year on year.
Itares Shoes offers Itares Shoes Platform while focusing on fashion and textile, footwear brands, footwear brands, and producing consumer products. Brand of multi category footwear for women and men. Delivering reliable solutions, it emphasizes quality, efficiency, and meeting diverse client needs.
Itares Shoes offers Itares Shoes Platform.
Itares Shoes operates through Itares Shoes Private Limited.
The legal entities of Itares Shoes currently have 2 directors, including Bangi Mohammed Ifthikar, Giorgio Marcoaldi.