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Khadim's

Khadim's Franchise

Fashion & JewelleryEst. 1981Kolkata, West Bengal

Footwear brand: 259 stores on its own locator (the company reports 851, 662 of them franchise-run, at Mar 2026) but no published franchise fee or investment; distributor criteria only.

About This Listing

Khadim's franchise page invites property owners to work with it 'on a rental or revenue-sharing basis' but publishes no fee, royalty, area or agreement terms for that route. It also lists distributor criteria (750 sq ft warehouse, Rs 3 lakh minimum monthly stock purchase, 20-30 or 100-150 retail counters), but Khadim India's FY2025-26 annual report says the distribution business was transferred to KSR Footwear Ltd from 1 Apr 2025, so we cannot confirm who signs distributors or that the page is current. A form-style invitation without terms is not shown as an open offer.

Source: Khadim's franchise partnership page; Khadim India Annual Report 2025-26 (demerger note)

Khadim's franchise at a glance (terms checked Nov 2026)

Franchising status unconfirmedModels: Other · Distributor · UnitTerms checked Nov 2026

Investment

Not published

The brand doesn't publish its investment

Ongoing take

Not published

Franchise fee

Not published

Payback

Not published

FranchiseChuno ScoreNot scored — not taking franchisees
  • Claims 851 outlets; its own locator lists 259
  • Outlet network shrank from 673 (31 Mar 2025) to 662 (31 Mar 2026)
  • Profit or loss: Profit of ₹3.1 Cr in FY26
  • Company standing: Active and up to date with the registrar
  • Outlets we could verify: 259 outlets on the brand's own store locator

Franchisor strength isn't franchisee profit — check real outlet numbers.

Outlets

259 verified

Brand claims 851

What we couldn't verify

  • • Outlet closures
  • • Franchisee satisfaction
  • • Disputes with franchisees
  • • Ongoing take

Ask before you sign

  1. Get written confirmation that Khadim's is taking franchisees at all before paying anything — see the note at the top of this page.
  2. Ask for the one-time franchise fee in writing, and whether any part is refundable.
  3. Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).

Franchise terms checked against Khadim's franchise partnership page on 7 Nov 2026. Figures marked * aren't published by the brand — they come from other published sources or our own estimate, and aren't verified.

Investment Breakdown

Per franchisor
Distributor security depositDeposit
Amount not disclosed

Page: 'Security Deposit as per Company norms' - amount not published.

Total Investment—

Khadim's doesn't disclose the amount of any of these charges.

Ongoing charges

Minimum monthly stock purchase (distributor eligibility, not a fee) · Page: 'minimum monthly stock purchasing capacity of 3 lakhs'. A purchasing-capacity criterion, not a cost of joining.₹3 L

Model your own numbers in our calculator

Open the ROI calculator

* Breakdown as published by Khadim's. Khadim's confirms one charge without disclosing the amount — get it in writing before you pay.

Ways to Partner with Khadim's

3 partner models published by the brand. Figures it doesn't publish are left blank.

Partner model

Retail partnership (rental or revenue-sharing)

Investment
₹0
Royalty / margin
Not published; page says 'rental or revenue-sharing basis' only.
Territory
Not published.
Who it suits
Owner of a commercial property or retail space that is commercially approved or eligible for commercial conversion.

No fee, royalty, area or agreement terms are given for this route.

Distributorship

Distributor (multi-brand-outlet network)

Investment
₹0
Royalty / margin
Not published.
Territory
Page says Khadim's 'ensures optimal appointment of distributors to eliminate unfair competition and territorial conflict'; no radius given.
Who it suits
Minimum 750 sq ft warehouse; capacity to buy at least Rs 3 lakh of stock a month; access to 20-30 retail counters in a small city or 100-150 in a big city.

Page undated; it says 357 distributors serve multi-brand outlets (Hawai, flip-flop, PVC, EVA, PU and school shoes). The FY2025-26 annual report says the distribution business moved to KSR Footwear Ltd from 1 Apr 2025, so the contracting entity is unconfirmed.

Unit franchise

Exclusive store formats (EBO, FRM, TFM)

Investment
₹0
Royalty / margin
Not published.
Territory
Not published.
Who it suits
Not published.

Annual report: in the FRM/TFM franchise arrangements 'store-level inventory continues to be owned by the Company but capital expenditure is borne by our partners'. No amounts or terms are given; this is from the annual report, not the franchise page.

Reputation & News

2 red flags to check

What the press, courts and real franchisees or customers have said about Khadim's — summarised by us, with every source linked.

  • In the news· 2026-09-03

    FY26: revenue down 12.2%, profit after tax down to Rs 3.1 Cr

    Khadim India's FY2025-26 annual report shows standalone revenue from continuing operations of Rs 3,670.95 million, 12.2% lower than the year before, and profit after tax of Rs 31.39 million against Rs 193.97 million (down 83.8%). EBITDA margin fell to 12.9% from 15.6%. The report says discretionary spending in the mass and value segments stayed under pressure.

    Source: Khadim India Annual Report 2025-26 (NSE filing)
  • In the news· 2026-09-03

    Store count fell from 886 to 851 as 35 loss-making company-owned stores closed

    The annual report says FY26 was a year of recalibrating rather than expanding the network; each closed store carried an estimated annual EBITDA drag of Rs 5-25 lakh. Franchise stores fell from 673 to 662 over the same period.

    Source: Khadim India Annual Report 2025-26 (NSE filing)
  • regulatory· 2025-08-28

    Distribution and manufacturing businesses demerged into KSR Footwear Ltd

    An NCLT Kolkata order of 27 Mar 2025 sanctioned the scheme; it became effective on 1 May 2025 with 1 Apr 2025 as the appointed date. Khadim India now describes itself as a retail-focused company. The franchise page still describes a distribution network.

    Source: Khadim India Annual Report 2024-25 and 2025-26

Key Terms at Khadim's

The clauses that shape day-to-day running and your exit — read these before the fee.

Stock & returns
A distributor must buy and maintain Khadim's stock every month ('no exceptions'); purchases may be increased in festive months.
Other terms
Distributor stock purchases are restricted to Khadim's Hawai, flip-flop, PVC, EVA, PU and school shoes and sandals.
Territory
Khadim's says it appoints distributors in a way meant to 'eliminate unfair competition and territorial conflict'; no radius or exclusivity is stated.
Who pays for what
In the FRM/TFM franchise formats, store-level inventory is owned by the company and the partner bears the capital expenditure (annual report, no amounts).

Legal & Contract Summary

Key contract terms at a glance — read before you sign.

Agreement Type

Not specified

Contract Duration

—

Renewal Available

—

Territory Exclusivity

—

Non-Compete Clause

—

Exit Clause

—

Who Can Apply for Khadim's

Conditions the brand sets for partners, and the licences the business needs.

  • Warehouse (distributor): Minimum 750 sq ftRequired
  • Monthly stock purchasing capacity (distributor): At least Rs 3 lakhRequired
  • Retail reach (distributor): Access to 20-30 retail counters in a small city; 100-150 in a big cityRequired
  • Property (retail partnership): Commercial property or retail space that is commercially approved or eligible for commercial conversionRequired
  • Documents (distributor application): Partnership deed or MoA/AoA, identity proof and photographs of owners/partners, PAN, trade licence, tax registration, last 6 months' bank statement, security deposit, filled dealership application formRequired

About the Brand

Brand USP

Footwear retailer with a franchise-heavy network: 662 of 851 stores franchise-operated per its FY2025-26 annual report (its own locator lists 259).

HeadquartersKolkata, West Bengal
Khadim's is a footwear brand run by Khadim India Ltd, a Kolkata-based company listed on the NSE and BSE. Its FY2025-26 annual report says it ran 851 branded retail stores across 23 states and 4 union territories at 31 Mar 2026: 189 company-owned and 662 franchise-operated (78% franchise). Its own store locator lists 259 outlets on 2 Nov 2026, about a third of the annual-report figure, with 98 of them in West Bengal; we use the locator count as the recounted figure and show the company's 851 as its own claim. Khadim's franchise page does not publish a franchise fee, royalty, investment, area or agreement for running a Khadim's store. It says the company would collaborate 'on a rental or revenue-sharing basis' with owners of commercial property or a retail space, and separately lists criteria for distributors (a 750 sq ft warehouse, capacity to buy at least Rs 3 lakh of stock a month, and access to 20-30 retail counters in a small city or 100-150 in a big one, with a security deposit 'as per Company norms'). The annual report adds that store-level inventory in its franchise (FRM/TFM) formats stays with the company while partners bear the capital expenditure, but gives no amounts. Because no total or per-model cost is published, investment is shown as not published. What to watch: the annual report says the distribution (and manufacturing) business moved to KSR Footwear Ltd from 1 Apr 2025, yet the page still describes a distribution network under the Khadim's name, so we cannot confirm who signs distributors or that the page is current; franchise status is therefore shown as unknown. Khadim India's FY26 revenue fell 12.2% to Rs 367.1 Cr and profit after tax fell to Rs 3.1 Cr from Rs 19.4 Cr; it closed 35 loss-making company-owned stores in the year and its store count fell from 886 to 851. The company's profit says nothing about what a franchised store earns, so ask current franchisees for real outlet numbers.

Why invest in Khadim's?

- Khadim India's FY2025-26 annual report counts 851 Khadim-branded stores, 662 of them franchise-operated (31 Mar 2026). - The company is NSE/BSE-listed and files audited accounts (auditor's report without qualification in FY2025-26). - Its annual report says further growth will come from capital-light formats (EBOs and FRM/TFM franchise arrangements) while company-owned stores settle near 200.

Khadim's by the Numbers

Source marked on each figure

851 (189 company-owned, 662 franchise-operated)

Stores (company claim) · 31 Mar 2026

Company filing

259 (98 in West Bengal)

Stores on Khadim's own locator · 2 Nov 2026

Store locator

78%

Franchise share of network · 31 Mar 2026

Company filing

357, mainly Eastern India

Distributors (franchise page, undated) · undated

Brand claim

23 states and 4 union territories

States and union territories · 31 Mar 2026

Company filing

Khadim's Outlet Network

YearOpenedClosedTransferredNet
FY2025-26: loss-making company-owned stores closed—35——
FY2025-26: 11 company-owned stores and 35 franchise (FRM/TFM) stores opened46———
FY2024-25: new stores opened (annual report)75———
FY2024-25: about 30 loss-making company-owned stores closed (approximate)—30——

By state · 2 Nov 2026

  • West Bengal98
  • Karnataka23
  • Tamil Nadu20
  • Bihar14
  • Telangana14
  • Gujarat13
  • Maharashtra13
  • Jharkhand13
  • Odisha11
  • Uttar Pradesh11
  • Madhya Pradesh8
  • Assam6

+ 6 more

Outlet count over time

  1. 31 Mar 2026189

    31 Mar 2026 · nsearchives.nseindia.com

  2. 31 Mar 2026662

    31 Mar 2026 · nsearchives.nseindia.com

  3. 31 Mar 2025213

    31 Mar 2025 · nsearchives.nseindia.com

  4. 31 Mar 2025673

    31 Mar 2025 · nsearchives.nseindia.com

Cities with Outlets

Show all 36 cities
Visakhapatnam, Andhra PradeshGuwahati, AssamPatna, BiharGaya, BiharRaipur, ChhattisgarhBhilai, ChhattisgarhBilaspur, ChhattisgarhAhmedabad, GujaratVadodara, GujaratRanchi, JharkhandJamshedpur, JharkhandDhanbad, JharkhandBangalore, KarnatakaMysuru, KarnatakaHubballi, KarnatakaBhopal, Madhya PradeshGwalior, Madhya PradeshMumbai, MaharashtraPune, MaharashtraNagpur, MaharashtraNashik, MaharashtraBhubaneswar, OdishaCuttack, OdishaRourkela, OdishaChennai, Tamil NaduCoimbatore, Tamil NaduSalem, Tamil NaduHyderabad, TelanganaLucknow, Uttar PradeshPrayagraj, Uttar PradeshKolkata, West BengalSiliguri, West BengalDurgapur, West BengalHowrah, West BengalDelhi, DelhiPuducherry, Puducherry

Cities with Outlets

36 cities
Has an outlet
Major city, no outlet listed
Click a city to explore

Company Financials

Brand-level, publicly reported

The franchisor's own company health — separate from what a single franchise outlet earns.

Revenue (FY26)

₹367.1 Cr

Net profit (FY26)

₹3.14 Cr

A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.

Company Health Check

What Khadim's's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.

Auditor
Ray & Ray, Chartered Accountants (FRN 301072E)

Group companies

  • KSR Footwear LimitedGroup company

Source: Khadim India Annual Report 2025-26 (filed with NSE, Sep 2026). Registrar status, MCA charges, GSTIN, trademark and rating notes not checked: MCA21, GST portal and IP India were not read in this wave. Annual-report note 39 lists only disputed GST (Rs 5.10 million) and income-tax (Rs 0.90 million) claims as contingent liabilities; no court or franchisee case was checked directly. (checked Nov 2026)

Full company recordsFinancials year by year, registered details, leadership and timelineShow

Khadim's Financials Over Time

Figures for the brand, from filed or reported accounts.

FY25
₹418.03 Cr
Profit ₹19.4 Cr
FY26
₹367.1 Cr▼ 12%
Profit ₹3.14 Cr

Source: Khadim India Annual Report 2025-26 comparative, continuing operations only (distribution business shown as discontinued; whole-company profit was Rs 51.95 million after a Rs 142.02 million loss from discontinued operations) · Khadim India Annual Report 2025-26, standalone, continuing operations (EBITDA margin 12.9% per the report)

A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.

Company Profile

The legal entity behind the brand, its leadership, and its official channels.

Registered name
Khadim India Ltd
Company type
Public company (listed)
CIN
L19129WB1981PLC034337
Headquarters
Kolkata, West Bengal

Leadership

  • SSiddhartha Roy BurmanExecutive Chairman (promoter)
  • RRittick Roy BurmanManaging Director

Company details source: Khadim India Annual Report 2025-26 (CIN and registered office); NSE annual-report filing

Khadim's Timeline

  1. 1981

    Khadim founded

    Annual report: 'founded in 1981'.

    Source
  2. 27 Mar 2025

    NCLT Kolkata sanctions demerger of the distribution business into KSR Footwear Ltd

    Effective 1 May 2025 with 1 Apr 2025 as the appointed date.

    Source
  3. 31 Mar 2025

    886 stores (213 company-owned, 673 franchise)

    75 opened and about 30 loss-making company-owned stores closed in FY2024-25.

    Source
  4. 31 Mar 2026

    851 stores (189 company-owned, 662 franchise)

    35 loss-making company-owned stores closed; 11 company-owned and 35 franchise stores opened in FY2025-26. Company expects its own stores to settle near 200 and growth to come from capital-light franchise formats.

    Source

FranchiseChuno Analysis

Our analysis of verified data

How Khadim's looks once the numbers are checked side by side.

  • ✓The franchisor company is profitableIts latest filed accounts show a net profit. That's the franchisor's money, not yours: a profitable franchisor doesn't mean its franchisees make money. Check real outlet numbers before you invest.
  • ✓Brand operating for 45 yearsFounded in 1981. The brand doesn't state when franchising began.
  • !Outlet claim is well above its store locatorKhadim's claims 851 outlets, but its own store locator lists 259 (2 Nov 2026 (Khadim's own store-locator page; the annual report's 851 is higher)). Ask for a current list of operating outlets.

Data completeness

45%

  • ✓ Terms checked against the brand's own page
  • ✓ Published investment (not an estimate)
  • â—‹ Franchise fee
  • â—‹ Royalty
  • â—‹ ROI or payback claim
  • â—‹ Agreement term
  • â—‹ Training details
  • ✓ Outlet cities verified
  • ✓ Company financials
  • ✓ Legal entity
  • â—‹ News & public opinion checked

Ask Before You Sign

Questions tailored to what Khadim's does and doesn't publish.

  1. 1Get written confirmation that Khadim's is taking franchisees at all before paying anything — see the note at the top of this page.
  2. 2Ask for the one-time franchise fee in writing, and whether any part is refundable.
  3. 3Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
  4. 4Ask for the agreement term, renewal fee and exit or transfer terms.
  5. 5Ask whether you get an exclusive territory, and how large it is.
  6. 6Have a lawyer review the franchise agreement before paying anything.
  7. 7Visit 2–3 existing outlets and speak to their owners without the brand present.
Running the outletSpace, staff, launch steps, training, support and who does whatShow

Operations Required

What you'll need on the ground to run this franchise day-to-day.

Area Required

—

Staff Needed

—

Setup Time

—

Owner Involvement

—

Best Locations

Not published

Business Type

Not published

Training & Support

What the brand provides to help you launch and run your franchise.

Operations Manual

Step-by-step playbook for running the outlet

Not published

Supply Chain Support

Vendor sourcing, inventory & logistics

Not published

Technology / POS

Billing, inventory, and management software

Not published

Marketing Support

National & local marketing campaigns

Not included

Launch Support

Pre-opening setup and grand-opening assistance

Not published

Ongoing Field Support

Regular visits and operational coaching

Not published

What Khadim's franchisees say

We haven't yet heard from enough Khadim's franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.

I run a Khadim's outlet — share how it went

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