Liberty Shoes Franchise

Fashion & JewelleryEst. 1954Karnal, Haryana (head office); corporate office Gurugram, Haryana

Liberty Shoes franchise: set-up about Rs 30-40 L per Liberty's FAQ; 454 outlets on its locator; trademark licence runs to Mar 2028 and is in arbitration.

Liberty Shoes franchise at a glance (terms checked Oct 2026)

Taking franchiseesModels: Unit · Dealer · DistributorTerms checked Oct 2026

Investment

₹30 L - ₹40 L

incl. fit-out, working capital · Below the category (typical ₹50 L–₹50 L, median ₹50 L, 6 verified brands)

Ongoing take

Not published

Franchise fee

Not published

Payback

Not published

80Excellent · provisionalFranchiseChuno Score · 54% of data verified

Legal or regulatory action on record — see Reputation & News

Disputes with franchisees: None found (records checked Oct 2026)
Profit or loss: Profit of ₹11.2 Cr in FY26
Company standing: Active and up to date with the registrar

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

Outlets

454 verified

Brand claims 475

What we couldn't verify

• Outlet closures
• Franchisee satisfaction
• Network growth
• Ongoing take

Ask before you sign

Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
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).

Enquire about Liberty Shoes How we scored it

Franchise terms checked against Liberty Shoes' official franchise page on 25 Oct 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

Initial set-up cost including facility set-up and initial working capital

₹30 L – ₹40 L

Liberty FAQ: 'around Rs 30-40 lakhs'; varies with store size and rented or owned premises.

Total Investment₹30 L – ₹40 L

Ongoing charges

Company-provided facilities (signage, VM, uniform, aroma, music, training, IT support) · Liberty's FAQ says 'with a minimum cost of Rs 8,333 per month' it provides these; whether GST is extra is not stated.₹8K

Model your own numbers in our calculator

Open the ROI calculator

* Breakdown as published by Liberty Shoes.

Ways to Partner with Liberty Shoes

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

Unit franchise

Liberty franchise showroom

Investment: ₹30 L – ₹40 L
Space: From 750 sq ft
Fee: No fee
Royalty / margin: Margins not stated; Liberty says its margins are good enough to cover rental expenses.
Territory: Not stated.
Who it suits: Retail experience desirable, not mandatory.

Per Liberty's FAQ: initial 2-year agreement, 1-2 months to set up, company-provided facilities at a minimum Rs 8,333 a month. The 750 sq ft figure is a question on Liberty's enquiry form, not a stated requirement.

Dealership

Liberty dealer

Investment: ₹0
Space: —
Fee: No fee
Royalty / margin: Not published.
Territory: Not published.
Who it suits: Not published.

Liberty's dealer page is an enquiry form asking for the area where you want to build a partnership; no terms are published.

Distributorship

Liberty distributor

Investment: ₹0
Space: —
Fee: No fee
Royalty / margin: Not published.
Territory: Not published.
Who it suits: Not published.

Liberty's distributor page is an enquiry form; no terms are published. A partner profile on the dealer page says one distributor started in 2014 with Rs 5 lakh (brand testimonial, not a requirement).

Reputation & News

4 red flags to check

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

Legal / regulatory· Sep 2026
Auditor flags dependence on trademark and assets owned by affiliated firms
Liberty Shoes' auditor added an emphasis-of-matter paragraph to its FY26 report (opinion not modified): the company's rights to use the LIBERTY mark and other assets under arrangements with three partnership firms, in which some directors are partners, expire on 31 Mar 2028, with arbitration ongoing. Management expects to acquire or renew them or follow an alternative strategy; the board noted concern in May 2026.
Source: Liberty Shoes Ltd annual report 2025-26 (board report and note 53)
Legal / regulatory· 26 Aug 2023
Delhi High Court: LIBERTY licensor firm's petition against Liberty Shoes dismissed on jurisdiction
SCC Online reports the court dismissed (21 Aug 2023) a petition by Liberty Footwear Co seeking to stop Liberty Shoes using the marks after it terminated the 2001 licence, alleging fee defaults; the decision did not go into merits.
Source: SCC Online
Legal / regulatory· Sep 2026
Ex-CEO's oppression petition against the company reaches the Supreme Court
The annual report says the former CEO and some shareholders lost before NCLT and NCLAT and have appealed to the Supreme Court; it also lists a defamation suit by him in the Delhi High Court against two individuals, and the company's proceedings to recover vehicles. The company contests the allegations.
Source: Liberty Shoes Ltd annual report 2025-26 (notes 54, 56, 57)
In the news· Sep 2026
FY26 profit after tax fell 17% while revenue rose 10%
Annual report 2025-26: revenue from operations Rs 73,999 lakh (Rs 67,548 lakh), profit before tax Rs 1,497 lakh (Rs 2,087 lakh), profit after tax Rs 1,119 lakh (Rs 1,356 lakh).
Source: Liberty Shoes Ltd annual report 2025-26

Key Terms at Liberty Shoes

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

Renewal: Liberty's FAQ: the initial agreement is for 2 years with an option of renewing it further; renewal is subject to mutual agreement of both parties.
Stock & returns: Liberty's FAQ, under 'What are the payment terms i.e credit period?': "Entire investment is done by company.There is no need for credit period." Under 'How does the company treat unsold stock or what percentage of stock is replaced?': "Company takes back all unsold stock and bear the cost of innovations, tests and trials." Liberty does not explain what 'entire investment' covers or how it relates to the Rs 30-40 lakh set-up cost in the FAQ.
Pricing: Liberty's FAQ says all consumer discounts are borne by the company and the company bears GST cost, keeping the partner free of GST compliance.
Who pays for what: Liberty's FAQ: the company does not share rent; national marketing is by the company and local advertising by the franchisee; customer claim returns are taken back by the company.

Legal & Contract Summary

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

Agreement Type

FOFO

Franchisee-Owned, Franchisee-Operated

Contract Duration

2 years

Renewal Available

Yes

Territory Exclusivity

—

Non-Compete Clause

—

Exit Clause

—

Who Can Apply for Liberty Shoes

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

Shop space: Liberty's franchise enquiry form asks if you have a minimum 750+ sq ft shop available (form question, not a stated rule).Preferred
Retail background: Desirable but not mandatory, per Liberty's FAQ.Preferred
Capital: Enquiry form asks whether you are ready to invest.Preferred

About the Brand

Brand USP

Liberty's own locator lists 454 outlets (416 exclusive showrooms, 38 factory outlets); franchise set-up cost stated at about Rs 30-40 L.

Parent CompanyLiberty Shoes Ltd (NSE/BSE-listed; promoters hold 59.10%)

HeadquartersKarnal, Haryana (head office); corporate office Gurugram, Haryana

Liberty Shoes Ltd (CIN L19201HR1986PLC033185, listed on NSE and BSE, Karnal, Haryana) makes and sells footwear under the Liberty name and sub-brands. Its franchise page says it has '100+ Distributors, 450+ exclusive showrooms' present across 25 countries, and its annual report 2025-26 says exclusive retail outlets, run through company-owned, franchised and distribution-led formats, are 'beyond 475-plus'. Its own store locator listed 454 outlets on 25 Oct 2026 (416 Liberty Exclusive Showrooms, 38 Factory Outlets), concentrated in Uttar Pradesh, Karnataka, Haryana, Punjab, Rajasthan and Bihar. The franchise FAQ puts the initial set-up cost at 'around Rs 30-40 lakhs' including facility set-up and initial working capital, varying with store size and rent or ownership. Liberty says the agreement is initially for 2 years with renewal by mutual agreement, set-up takes 1-2 months, partners need no retail background (it is 'desirable'), and it is focusing on Tier-II and other marginal locations. The FAQ says the company bears GST, discounts and the cost of customer claims. On stock and investment it says, under 'What are the payment terms i.e credit period?': "Entire investment is done by company.There is no need for credit period." and, under 'How does the company treat unsold stock or what percentage of stock is replaced?': "Company takes back all unsold stock and bear the cost of innovations, tests and trials." Liberty does not explain how these lines fit with the Rs 30-40 lakh set-up cost above, and does not say who owns the stock in the store; facilities such as signage, uniform, IT support and training come at 'a minimum cost of Rs 8,333 per month'. No royalty percentage, margin or franchise fee is stated. The unsold-stock and discount terms are Liberty's own FAQ statements, not a guarantee of sales or returns. What to watch: the annual report says the company does not own the LIBERTY trademark. It uses it, and other assets and networks, under franchise or licence arrangements with three partnership firms in which some directors are partners, valid to 31 Mar 2028. Partners of those firms gave termination notices in 2022-23, and arbitration is pending with one firm; the auditor added an 'emphasis of matter' on this. Other disclosed matters include a shareholder petition by the ex-CEO now before the Supreme Court. FY26 revenue was Rs 740 Cr (Rs 675 Cr) but profit after tax fell to Rs 11.2 Cr from Rs 13.6 Cr. That is the company's result, not store earnings.

Why invest in Liberty Shoes?

- Liberty's own store locator listed 454 outlets on 25 Oct 2026 (416 exclusive showrooms, 38 factory outlets). - Its franchise FAQ states a set-up cost of about Rs 30-40 lakh and says the company takes back unsold stock and bears GST and discounts. - Liberty Shoes Ltd is listed on NSE and BSE; FY26 revenue from operations was Rs 740 Cr and profit after tax Rs 11.2 Cr (whole company). - Against that: FY26 profit fell 17% (Rs 11.2 Cr from Rs 13.6 Cr), and the LIBERTY mark is licensed from affiliated partnership firms only to 31 Mar 2028, with arbitration pending and an auditor emphasis of matter.

Liberty Shoes by the Numbers

Source marked on each figure

454 (416 Liberty Exclusive Showrooms, 38 Liberty Factory Outlets)

Outlets on Liberty's store locator · 25 Oct 2026

Store locator

beyond 475-plus

Exclusive retail outlets (annual report) · FY26

Brand claim

450+ across 25 countries; 100+ distributors

Exclusive showrooms (franchise page) · read 25 Oct 2026

Brand claim

Rs 740 Cr (FY25: Rs 675 Cr)

Revenue from operations · FY26

Company filing

Liberty Shoes Outlet Network

By format · 25 Oct 2026

Liberty Exclusive Showrooms on locator416
Liberty Factory Outlets on locator38

By state · 25 Oct 2026

Uttar Pradesh114
Karnataka61
Haryana56
Punjab34
Rajasthan34
Bihar32
Delhi27
Gujarat23

Cities with Outlets

Show all 56 cities

Delhi, DelhiLucknow, Uttar PradeshJaipur, RajasthanAhmedabad, GujaratNoida, Uttar PradeshGurgaon, HaryanaGhaziabad, Uttar PradeshRanchi, JharkhandKanpur, Uttar PradeshFaridabad, HaryanaLudhiana, PunjabPatna, BiharJammu, Jammu and KashmirBhopal, Madhya PradeshPrayagraj, Uttar PradeshDehradun, UttarakhandDhanbad, JharkhandImphal, ManipurPanipat, HaryanaChennai, Tamil NaduVaranasi, Uttar PradeshAgartala, TripuraMohali, PunjabAgra, Uttar PradeshHaridwar, UttarakhandMeerut, Uttar PradeshMuzaffarpur, BiharGaya, BiharBhagalpur, BiharVadodara, GujaratUdaipur, RajasthanGandhinagar, GujaratJamshedpur, JharkhandRourkela, OdishaJalandhar, PunjabHyderabad, TelanganaSiliguri, West BengalJodhpur, RajasthanSrinagar, Jammu and KashmirJabalpur, Madhya PradeshSurat, GujaratMangaluru, KarnatakaMadurai, Tamil NaduCoimbatore, Tamil NaduMysuru, KarnatakaIndore, Madhya PradeshRaipur, ChhattisgarhDibrugarh, AssamKota, RajasthanBangalore, KarnatakaHubballi, KarnatakaAmbala, HaryanaPanaji, GoaPuducherry, PuducherrySalem, Tamil NaduGwalior, Madhya Pradesh

Cities with Outlets

56 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)

₹739.99 Cr

Net profit (FY26)

₹11.19 Cr

Employees (31 Mar 2026 (permanent employees on the rolls, annual report 2025-26))

2,602

Source: Liberty Shoes Ltd revenue from operations Rs 73,999.11 lakh and net profit Rs 1,118.95 lakh, FY26 (annual report 2025-26); whole company incl. wholesale, not franchise stores

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

Status with the registrar: Active
Paid-up capital: ₹17.04 Cr
Auditor: Pardeep Tayal & Co., Chartered Accountants (Panipat)
Brand trademark: The LIBERTY mark is owned by Liberty Footwear Co, a partnership firm, and licensed to the company until 31 Mar 2028 (annual report note 53); IP India register not searched

Group companies

Liberty Footwear CoGroup company
Liberty Group Marketing DivisionGroup company
Liberty EnterprisesGroup company
Promoter grouppromoter · 59.1%

Source: Liberty Shoes Ltd annual report 2025-26 (auditor's opinion not modified, with an emphasis-of-matter paragraph on the licence arrangements; notes 53-57 on legal matters; contingent liabilities, note 59) (checked Oct 2026)

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

Liberty Shoes Financials Over Time

Figures for the brand, from filed or reported accounts.

FY24

₹636.85 Cr

Profit ₹11.15 Cr

FY25

₹675.48 Cr▲ 6%

Profit ₹13.56 Cr

FY26

₹739.99 Cr▲ 10%

Profit ₹11.19 Cr

Source: Liberty Shoes Ltd revenue Rs 63,685 lakh; profit after tax Rs 1,115 lakh (3-year table, annual report 2025-26, rounded to lakh) · Liberty Shoes Ltd revenue from operations Rs 67,548.06 lakh; net profit Rs 1,356.13 lakh · Liberty Shoes Ltd revenue from operations Rs 73,999.11 lakh; net profit Rs 1,118.95 lakh (annual report 2025-26)

Company Profile

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

Registered name: Liberty Shoes Limited
Company type: Public Limited Company (listed)
CIN: L19201HR1986PLC033185
Headquarters: Karnal, Haryana (head office); corporate office Gurugram, Haryana

Leadership

SShammi BansalExecutive Director (resigned from 10 Aug 2026, per annual report)
AAdish Kumar GuptaExecutive Director
RRaman BansalExecutive Director (from 10 Aug 2026)

Company details source: Liberty Shoes Ltd annual report 2025-26 (filed with NSE)

Liberty Shoes Timeline

2003
Franchise/trademark licence arrangements with the Liberty partnership firms begin
Annual report note 53: arrangements 'since 2003', latest renewals 2013 and 2018, valid to 31 Mar 2028.
Source
2022-23
Partners of the Liberty firms issue termination notices
Seeking termination from 1 Apr 2023; Liberty Shoes Ltd disputed it and went to arbitration.
Source
31 Mar 2028Announced plan
Licence and franchise arrangements expire unless renewed
Company says it is pursuing an 'alternative strategy of self-sustainability' in case renewal fails.
Source

FranchiseChuno Analysis

Our analysis of verified data

How Liberty Shoes looks once the numbers are checked side by side.

•Investment below the Fashion & Jewellery medianMidpoint ₹35 L vs a category median of ₹50 L across brands on FranchiseChuno.
✓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 72 yearsFounded in 1954. The brand doesn't state when franchising began.
✓Outlet claim matches its store locator454 outlets on its own store locator (25 Oct 2026 (416 Liberty Exclusive Showrooms and 38 Liberty Factory Outlets on Liberty's store locator)), in line with the 475 it claims.
!1 red flag in the news or public discussionSee Reputation & News below, and ask the brand to address each one.

Data completeness

73%

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

Ask Before You Sign

Questions tailored to what Liberty Shoes does and doesn't publish.

1Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
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 whether you get an exclusive territory, and how large it is.
5Ask the brand to respond to each red flag listed under Reputation & News.
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 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

Full-time

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

Training Programme

Liberty says management provides extensive training programmes (cost included in the Rs 8,333 a month minimum facilities charge).

Ongoing Support

Liberty says it helps with outlet design, fit-outs, equipment sourcing, staff recruitment if required, marketing, and has merchandisers, IT, field, finance, HR, project and marketing teams. National marketing is by the company; local promotion is by the franchisee.

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What Liberty Shoes franchisees say

We haven't yet heard from enough Liberty Shoes 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 Liberty Shoes outlet — share how it went

Frequently Asked Questions

What is the total investment for a Liberty Shoes franchise?

Liberty Shoes states an investment of ₹30 lakh–₹40 lakh. Liberty's franchise FAQ says, under 'How much would a Liberty Franchise cost me ?': "The initial set up cost for the store would be around ₹ 30-40 lakhs including the cost of setting up the facility with a working capital requirement for the initial period of business operations." Under 'What are the payment terms i.e credit period?': "Entire investment is done by company.There is no need for credit period." Under 'How does the company treat unsold stock or what percentage of stock is replaced?': "Company takes back all unsold stock and bear the cost of innovations, tests and trials." Liberty does not explain how these answers relate to each other, and we add no reading of our own. Set-up cost varies with store size and whether premises are rented or owned.

What training does Liberty Shoes provide?

Liberty says management provides extensive training programmes (cost included in the Rs 8,333 a month minimum facilities charge).

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