Meet Rafique Malik, who owns Rs 23,000 crore firm, know his enterprise empire and Rakesh Jhunjhunwala connection (Photo: Metro Brands)
Rafique Malik is a billionaire businessman in India. He owns a Rs 23,000 crore firm by market capitalization known as Metro Brands. It is a multi-brand footwear retail firm primarily based in Mumbai. The firm is understood for its manufacturers corresponding to Metro Shoes, Walkway, FitFlop and Da Vinchi. Currently, his daughter, Farah Malik Bhanji, runs the agency as managing director. She is the second of his 5 daughters. The agency has 720 shops throughout 160 cities in India, as of September 30, 2022,
Rafique Malik’s internet price
According to Forbes, Rafique has a USD 2.1 billion internet price which is round Rs 17,160 crore. He was on the 1434th rank within the listing of Billionaires in 2023. Not solely this, he was ranked 89th in India’s richest listing of 2022, as per Forbes. He is married to Aziza Malik. They have 5 daughters.
His firm, Metro Brands, earlier often known as Metro Shoes, was based by his father Malik Tejani in 1955. It was a single shoe retailer in Mumbai again then. Late ace investor Rakesh Jhunjhunwala additionally invested within the firm.
In 2007, Metro Brands bought a 15 per cent stake to Jhunjhunwala. Malik listed his firm in December 2021 when it launched its Rs 1,367 crore preliminary public providing (IPO).
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