Metro Brands, previously known as Metro Shoes, is multi-brand

footwear Footwear refers to garments worn on the feet, which typically serves the purpose of protection against adversities of the environment such as wear from ground textures and temperature. Footwear in the manner of shoes therefore primarily serves th ...

retail chain in India. Metro Brands operates from a network of 598 Metro showrooms at 136 cities in India.

History

It started as a shoe shop in 1947 in

Colaba Colaba (; or ISO: Kolābā) is a part of the city of Mumbai, India. It is one of the four peninsulas of Mumbai while the other three are Worli, Bandra and Malabar Hill. During Portuguese rule in the 16th century, the island was known as Kolbhat ...

, Mumbai. A ''Metro'' store was opened on

Grant Road Grant Road (named after Sir Robert Grant, the Governor of Bombay between 1835 and 1839, formally Maulana Shaukatali Road) is a locality in South Mumbai. Grant Road railway station serves this area. Grant Road along with Tardeo and Mumbai Centr ...

in Mumbai in 1955. The company was incorporated in January 1977 as Metro Shoes. In 2013, the company announced that it was able to expand the number of its retails stores due to low rental rates, particularly in tier II cities. In December 2021, the company launched its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

(IPO).

Controversy

In December 1996, MD of Metro Brands, Rafique Malik Tejani, was among several businessmen and politicians arrested by

Mumbai Police The Mumbai Police (Marathi: मुंबई पोलीस, IAST: ''Mumbaī Pulīs'', formerly ''Bombay Police'') is the police department of the city of Mumbai, Maharashtra. It is a part of Maharashtra Police and has the primary responsibiliti ...

on charges of misappropriation of concessionary funds allocated to cobblers and artisans. The case is ''

sub judice In law, ''sub judice'', Latin for "under a judge", means that a particular case or matter is under trial or being considered by a judge or court. The term may be used synonymously with "the present case" or "the case at bar" by some lawyers. I ...

'' as of 2018.

References

External links

*{{official website, http://www.metroshoes.net Retail companies of India Companies based in Mumbai Retail companies established in 1947 Shoe companies of India Footwear retailers Indian brands Indian companies established in 1947 Indian companies established in 1977