Company History: Lakhani India Ltd. (LIL) was onginally incorporated as Lakbros Shoe Co. Pvt. Ltd. on December 28 1981. Lakbros was converted into a deemed public company under section 43A(I) w.e.f. 14th July 1989 by deleting the restriction clause u/s 3 (i)(iii) of the Act and subsequently the name was changed to Lakhani India Ltd. w.e.f. September 12 1994. The shareholders passed a special resolution on September 16 1994 for adoption of new set of Articles of Association and as such the company is now a public company within the meaning of Section 3 (i) (iv) of theCompanies Act 1956.Lakhani India Ltd. the flagship company of the well established 'LAKHANl GROUP' was set up with the main object of manufacturing Leather and Non Leather Shoes. The company is currently manufacturing and marketing only Non Leather Shoes specially sports shoes and Children's Shoes. The present installed capacity for the manufacture of Non Leather Shoes stands at 30 00 000 pairs perannum and is proposed to be increased to 61 65 000 pairs per annum. The company is also planning to diversify into the manufacture of finished Leather Shoes.
The company is marketing its products underthe well established brand name of 'LAKHANI' for the last 12 years. The company has now entered into an agreement dated September 12 1994 with one of the group companies M/s Lakhani Rubber Works for using the brand name 'LAKHANI'. As per the terms of this agreement the company can use this trade mark initially for a period of 10 years on a royalty payment of Rs. 20 Lacs spread over these 10 years. This agreement is valid upto September 11 2004 and can be renewed further on mutually agreed tenns and conditions.
Lakhani Group is amongst the largest footwear manufacturers of India with a production of 1 75 000 pairs of footwear per day.
Over a period of time Lakhani has developed a network of 268 distributors and 12000 dealers appointed by them and spread all over India.
The group is also the original equipment supplier of Rubber Components to automobile manufacturers like Mamti Telco Escorts and Sona Steering. The turnover of the company has increased from Rs. 1306 lac in the year 1989-90 to Rs.2875 lacs in the year 1993-94. Lakhani India Ltd. now plans to increase its market share by aggressive marketing strategies and diversification into hgh potential area of manufacturing and marketing leather shoes. The Company is also setting up facilities for the manufacture of sports shoes as per the specifications of 'Reebok' who have also shown interest in sourcing a total of 37 lac pairs of shoes from Lakhani over a period of next three years.
2003
-Board of Directors approve for delisting of its shares from 3 stock exchanges ( Ahmedabad Kolkota Bangalore stock exchanges).
2004
-Lakhani India Ltd has informed that the equity shares of the company have been delisted from the Ahmedabad Stock Exchange w.e.f. March 8 2004.
