
Khadim's Franchise
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.
We couldn't confirm Khadim's is taking franchisees right now
Treat this as research, not an open offer, until the brand confirms its programme in writing. See the note below.
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)
Investment
Not published
The brand doesn't publish its investment
Ongoing take
Not published
Franchise fee
Not published
Payback
Not published
- 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
- Get written confirmation that Khadim's is taking franchisees at all before paying anything — see the note at the top of this page.
- Ask for the one-time franchise fee in writing, and whether any part is refundable.
- 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 franchisorPage: 'Security Deposit as per Company norms' - amount not published.
Khadim's doesn't disclose the amount of any of these charges.
Ongoing charges
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.
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.
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.
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 checkWhat 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 specifiedContract 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).
Why invest in Khadim's?
Khadim's by the Numbers
Source marked on each figure851 (189 company-owned, 662 franchise-operated)
Stores (company claim) · 31 Mar 2026
Company filing259 (98 in West Bengal)
Stores on Khadim's own locator · 2 Nov 2026
Store locator78%
Franchise share of network · 31 Mar 2026
Company filing357, mainly Eastern India
Distributors (franchise page, undated) · undated
Brand claim23 states and 4 union territories
States and union territories · 31 Mar 2026
Company filingKhadim's Outlet Network
| Year | Opened | Closed | Transferred | Net |
|---|---|---|---|---|
| FY2025-26: loss-making company-owned stores closed | — | 35 | — | — |
| FY2025-26: 11 company-owned stores and 35 franchise (FRM/TFM) stores opened | 46 | — | — | — |
| 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
- 31 Mar 2026189
31 Mar 2026 · nsearchives.nseindia.com
- 31 Mar 2026662
31 Mar 2026 · nsearchives.nseindia.com
- 31 Mar 2025213
31 Mar 2025 · nsearchives.nseindia.com
- 31 Mar 2025673
31 Mar 2025 · nsearchives.nseindia.com
Cities with Outlets
Show all 36 citiesHide the city list
Company Financials
Brand-level, publicly reportedThe 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 timelineShowHide
Khadim's Financials Over Time
Figures for the brand, from filed or reported accounts.
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
1981
Khadim founded
Annual report: 'founded in 1981'.
Source27 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.
Source31 Mar 2025
886 stores (213 company-owned, 673 franchise)
75 opened and about 30 loss-making company-owned stores closed in FY2024-25.
Source31 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 dataHow 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.
- 1Get written confirmation that Khadim's is taking franchisees at all before paying anything — see the note at the top of this page.
- 2Ask for the one-time franchise fee in writing, and whether any part is refundable.
- 3Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
- 4Ask for the agreement term, renewal fee and exit or transfer terms.
- 5Ask whether you get an exclusive territory, and how large it is.
- 6Have a lawyer review the franchise agreement before paying anything.
- 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 whatShowHide
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
Supply Chain Support
Vendor sourcing, inventory & logistics
Technology / POS
Billing, inventory, and management software
Marketing Support
National & local marketing campaigns
Launch Support
Pre-opening setup and grand-opening assistance
Ongoing Field Support
Regular visits and operational coaching
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

