Ajanta Shoes aims to achieve a revenue of Rs 1,000 crore by 2028 and targets a 35 per cent compound annual growth rate (CAGR) to consolidate its position as a top national footwear brand.

Ajanta Shoes plans to launch IPO soon, sets target of Rs 1000 crore revenue by 2028

Ajanta Shoes: Stepping into the Future with an IPO and Smart Technology

Ajanta Shoes, a Kolkata-based footwear giant celebrating 70 years in the industry (January 2026!), is poised for explosive growth. Their recent dealer meet revealed an ambitious plan to become a leading national brand, culminating in a targeted revenue of Rs 1,000 crore by 2028.

This ambitious goal is fueled by a projected 35% compound annual growth rate (CAGR). Their strategy involves a multi-pronged approach:

Portfolio Diversification: Expanding beyond their dominant slipper segment (40% market share in West Bengal) into value, mass, and premium footwear, including women's styles, clogs, and athleisure.
Geographical Expansion: Strengthening their West Bengal presence while aggressively targeting Uttar Pradesh, Madhya Pradesh, and Southern India.
Multi-Channel Growth: Leveraging a robust distribution network encompassing Multi-Brand Outlets (MBOs), Exclusive Brand Outlets (EBOs), and a rapidly expanding e-commerce platform.

Innovation Takes Center Stage:

Ajanta Shoes is set to disrupt the market with the launch of its groundbreaking smart shoes just in time for Durga Puja! A first for India, these technologically advanced shoes boast features including:

Footstep Detection
Song Playback
Google Maps Integration
Built-in Camera

Already launched in Dubai (at Rs 15,000), these innovative shoes will retail in India for Rs 9,000. According to Managing Director Sagnik Banik, Ajanta's smart shoes will provide 40% more accurate data than top-tier smartwatches on the market and offer customizable gesture controls.

IPO on the Horizon:

To accelerate this expansion, Ajanta Shoes is planning an Initial Public Offering (IPO), further solidifying its position as a major player in the Indian footwear industry. Chairman Subrata Banik's commitment to launching innovative products before Durga Puja, as evidenced by the smart shoe launch, underscores the company's dynamic and forward-thinking approach.

The future is bright for Ajanta Shoes. They're not just making shoes; they're making history.