AKI India Ltd share Price Today

AKI India Limited was originally incorporated as a private limited company with the name `AKI Leather Industries Private Limited` on May 16, 1994. Pursuant to a special resolution passed by the shareholders of the Company at the Extra Ordinary General Meeting held on March 18, 2006, the Company`s name was changed to AKI India Private Limited on April 03, 2006. Thereafter, the Company was converted from Private Limited to Public Company and name of the company was changed to AKI India Limited on May 29, 2017. AKI India was established in year 1994 with the object of manufacturing and export of leather and leather goods with the technical assistance of Horse riding group from Germany for the making of Leather Saddlery & Harness Goods and after successful running of saddlery business for 13 years, the company set up its own leather footwear unit in the year 2007-08 and started manufacturing and export of leather shoes through the next several years, the Company was involved in wholesaling and distribution of branded basic footwear and had forayed into the retail business in year 2013. Further in the year 2010, the Company decided to go in for the backward integration and planned to set up its own tannery to produce finished leather also. In this connection, the company first purchased a running tannery in Unnao and then renovated and expanded the tannery into a big and highly advanced tannery. The Company is engaged in the activities of producing and export of saddlery goods, services of the leather shoes and trading of leather chemicals at domestic level. Changing economic scenario and business conditions, evolving consumer preferences, rapid technological innovations and aoption and globalization are driving them to transform the manner in which they operate. The Company`s core competencies are its in-house technical knowledge, skilled workforce, diversified product portfolio which enable them to meet varied client requirements. The Company deals in all kinds of footwear`s leather accessories. The Company operates through two distinct business verticals, retail and distribution, each with its predominantly own customer base, sale channels and product range. The Retail business operates through exclusive retail stores run by Promoters through the proprietorship concern catering to middle and upper middle income consumers, who primarily shop in high street stores and malls, for fashionable products. The Distribution business operates through a wide network of distributors catering to lower and middle income consumers, who primarily shop in multi-brand-outlets (`MBO`) for functional products. The Company has been found to conform to the Quality Management System standard, ISO 9001:2008 certified for manufacturer and exporter of leather harness and saddler goods, leather goods, leather footwear, horse rug, riding apparels, leather pet products, dog covers, and export of finished leather for footwear and upholstery and is primarily responsible for the design and manufacture of leather products for equestrian sports, Horse covers, Leather footwear and finished Leather.