Ajanta Shoes Eyes IPO Launch: Ajanta Shoes India Pvt Ltd, a well-known name in the Indian footwear market, held a big dealer meet recently across different places, including Kolkata. The meeting brought together top distributors from states like West Bengal and Uttar Pradesh. They all talked about how the company will grow in the next few years. Ajanta Shoes is getting ready to celebrate its 70th anniversary in January 2026, and they have big plans to grow faster. The company is also planning to come out with its IPO soon to boost this expansion.
Ajanta Shoes wants to reach a huge target of ₹1,000 crore in revenue by the year 2028. To make this happen, they’re aiming for a 35% compound annual growth rate, reported India TV. The company is working hard to become one of the top national-level footwear brands in India.
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At the dealers’ meet, Ajanta shared their future plan that focuses on launching different types of shoes, reaching more cities, and growing through many channels. Right now, they already hold around 40% of the market in the slippers segment in West Bengal. But now they are moving into new areas like women’s shoes, clogs, and athleisure wear. These new categories will help them reach people who are looking for value products, mass-market options, and even premium styles.
Smart Shoes Coming Soon
Ajanta Shoes is also increasing its presence in West Bengal and going after big markets like Uttar Pradesh, Madhya Pradesh, and parts of South India. Their growth plan includes selling through regular footwear stores, exclusive Ajanta showrooms, and also online, where they’re growing fast. They’re using a multi-channel strategy so more people can find and buy their products easily.
One of the most exciting things Ajanta is doing this year is launching smart shoes right before Durga Puja. These high-tech shoes are already available in Dubai at a price of ₹15,000, but Ajanta will launch them in India for ₹9,000. These smart shoes will be the first of their kind in the country. They will have special features like tracking footsteps, playing songs, using Google Maps, and even taking pictures with a built-in camera.
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Ajanta’s chairman, Subrata Banik, said that the company always brings out new products before Durga Puja, and this year it’s going to be smart shoes. Managing Director Sagnik Banik added that these shoes can give 40% better data than even the best smartwatches out there. He also shared that the smart shoes will support different types of gestures, and people can customise the features as per their needs.
