Rafique Malik Net Worth – How Much is Rafique Worth?

Rafique Malik, a prominent billionaire businessman in India, has made a significant mark in the business world with his impressive net worth. As the owner of Metro Brands, a multi-brand footwear retail company valued at Rs 23,000 crore, Rafique Malik’s financial status speaks volumes about his success and wealth.

According to Forbes, Rafique Malik’s net worth is estimated to be $2.1 billion, equivalent to around Rs 17,160 crore. His immense fortune showcases his entrepreneurial prowess and ability to successfully navigate the competitive business landscape.

In addition to his professional achievements, Rafique Malik cherishes a fulfilling personal life. He is happily married to Aziza Malik, and together they have five daughters. With his hard work and determination, Rafique Malik has created a legacy that will inspire future generations to strive for greatness.

Key Takeaways:

Rafique Malik’s net worth is estimated to be $2.1 billion or around Rs 17,160 crore.
He is the owner of Metro Brands, a multi-brand footwear retail company valued at Rs 23,000 crore.
Rafique Malik is married to Aziza Malik and they have five daughters.

The Success of Metro Brands

Metro Brands, owned by Rafique Malik, is a highly successful multi-brand footwear retail company based in Mumbai. With a valuation of Rs 23,000 crore, Metro Brands has established itself as a dominant player in the Indian market.

The company is renowned for its diverse portfolio of brands, including the popular Metro Shoes, Walkway, FitFlop, and Da Vinchi. These brands offer a wide range of footwear options, catering to various tastes and preferences.

“Metro Brands has revolutionized the footwear industry with its top-notch quality and stylish designs. The brand’s commitment to excellence has won the trust of countless customers.”

As of September 30, 2022, Metro Brands operates an extensive network of 720 stores spread across 160 cities in India. This vast retail presence ensures accessibility and convenience for customers across the country.

Founded in 1955 by Rafique Malik’s father, Malik Tejani, Metro Brands began as a single shoe store in Mumbai. Over the years, the company has expanded its operations exponentially, establishing itself as a market leader in the footwear industry.

Metro Brands Stores in India

State / Union Territory
Number of Stores

Andhra Pradesh
20

Tamil Nadu
50

Maharashtra
100

Delhi
35

…
…

Total
720

The remarkable growth of Metro Brands and its continued success in the Indian footwear market can be attributed to its commitment to quality and innovation. By offering a diverse range of brands and maintaining a strong retail presence, Metro Brands has become a trusted name in the industry.

Rafique Malik’s Daughter Managing the Company

Rafique Malik’s daughter, Farah Malik Bhanji, is the managing director of Metro Brands. As the second of his five daughters, she has taken on a prominent role in shaping the company’s growth and success. Under her dynamic leadership, Metro Brands has continued to expand its market presence and establish itself as a leading player in the Indian footwear industry.

With her deep understanding of the business and her keen eye for fashion trends, Farah has played a crucial role in driving the company’s strategies and initiatives. Her dedication and strong business acumen have propelled Metro Brands to new heights, making it a force to be reckoned with in the retail sector.

As the managing director, Farah oversees the operations of Metro Brands, ensuring that the company maintains its commitment to exceptional quality, customer satisfaction, and innovation. Her visionary approach has led to the successful expansion of Metro Brands, which currently operates 720 stores across 160 cities in India.

“I am privileged to lead a company that has such a rich legacy and a strong foundation. Our goal is to continue to provide our customers with trendy and comfortable footwear options while staying at the forefront of the industry,” says Farah Malik Bhanji.

Farah’s leadership has not only driven the growth of Metro Brands but also contributed to its recognition as a trusted and preferred brand in the Indian market. With a deep commitment to excellence and a passion for innovation, she has positioned Metro Brands as a benchmark for quality and style in the footwear industry.

Key Achievements
Year

Expansion of Metro Brands’ store network
Ongoing

Strengthening brand positioning in the market
Ongoing

Introduction of new product lines
2021

Continued emphasis on customer satisfaction
Ongoing

Farah’s dedication to Metro Brands and her commitment to delivering exceptional products and experiences have solidified the company’s position as a market leader. As Metro Brands continues to flourish under her leadership, Farah Malik Bhanji showcases her ability to drive growth and create lasting success in the fiercely competitive footwear industry.

Rafique Malik’s Forbes Ranking

In the world of billionaires, Rafique Malik has made his mark and secured a spot on the coveted Forbes ranking. His entrepreneurial journey and success in the footwear market have catapulted him to prominence among India’s richest individuals.

In the Forbes ranking of billionaires, Rafique Malik achieved an impressive ranking of 1434th in 2023. This recognition reflects his substantial wealth and influence in the business world.

Apart from his global ranking, Malik was also recognized as the 89th richest individual in India according to the esteemed Forbes list in 2022. This further solidifies his standing among the country’s wealthiest individuals.

The accomplishments and financial prowess of Rafique Malik have propelled him into the exclusive billionaire club. With an estimated net worth of $2.1 billion, his exceptional achievements have earned him a place of honor in the world of business and entrepreneurship.

Metro Brands and Rakesh Jhunjhunwala

Rakesh Jhunjhunwala, the renowned Indian investor, has shown confidence in Metro Brands by investing in the company. In 2007, Metro Brands sold a significant 15% stake to Jhunjhunwala, further strengthening its position in the market.

The collaboration with Rakesh Jhunjhunwala has brought immense credibility and value to Metro Brands, adding to its successful journey in the footwear industry. Recognizing the company’s potential, Jhunjhunwala saw an opportunity to contribute to its growth and success. This partnership has not only provided financial stability but also strategic guidance for Metro Brands to expand its market presence.

“The collaboration between Metro Brands and Rakesh Jhunjhunwala highlights the confidence and trust in the company’s future prospects. We are excited to work together and tap into new opportunities in the footwear market,”

– Metro Brands spokesperson

In addition to Jhunjhunwala’s investment, Metro Brands made a bold move towards further growth and diversification by going public with its initial public offering (IPO) in December 2021. The IPO raised a significant amount of funds, amounting to Rs 1,367 crore, enabling the company to fuel its expansion plans and strategic initiatives.

The collaboration with Rakesh Jhunjhunwala and the successful IPO have positioned Metro Brands as a strong player in the Indian footwear market, further strengthening its brand reputation and market share.

Investor
Investment
Stake Percentage

Rakesh Jhunjhunwala
Rs 23,000 crore
15%

Alisha Malik – Key Architect in Metro Brands

Alisha Malik, daughter of billionaire businessman Rafique Malik, plays a crucial role in Metro Brands, one of India’s leading footwear retail companies. With her expertise and leadership, she has contributed significantly to the growth and success of the organization.

As the President of the sports division, Alisha oversees the strategic development and management of Metro Brands’ sports-related products and partnerships. She has been instrumental in establishing strong relationships with renowned sports brands, enabling Metro Brands to offer a diverse range of sports footwear and accessories to its customers.

Additionally, Alisha takes charge of the company’s e-commerce and marketing divisions. Her innovative ideas and strategies have revamped Metro Brands’ online presence, attracting a wider audience and driving sales through various digital platforms.

Alisha’s journey with Metro Brands began in 2009, and since then, she has played a pivotal role in shaping the company’s success. Her dedication and vision have propelled Metro Brands to new heights, making it a formidable player in the highly competitive footwear retail industry.

Alisha Malik’s Contributions:

President of the sports division, overseeing product development and partnerships.
Responsible for the e-commerce and marketing divisions, driving online sales and brand visibility.
Introduced innovative ideas and strategies for the growth of Metro Brands.

Alisha Malik’s leadership and expertise have been invaluable to Metro Brands’ continued success. Her contributions in the sports division, e-commerce, and marketing have positioned the company as a frontrunner in the Indian footwear market, setting a benchmark for innovation and customer satisfaction.

Key Responsibilities
Division

Strategic development of sports-related products and partnerships
Sports Division

Management of e-commerce operations and digital marketing
E-Commerce and Marketing Divisions

Alisha Malik’s dynamic leadership and dedication have been crucial in driving Metro Brands’ growth and success. Her commitment to excellence and innovation continues to shape the future of the company, ensuring its continued dominance in the Indian footwear industry.

Growth of Metro Brands

Metro Brands, initially a single shoe store in Mumbai established in 1955 by Rafique Malik’s father, Malik Tejani, has experienced remarkable growth over the years. It has evolved into one of India’s largest networks of fashion accessory and footwear retailers, operating 795 stores in 189 cities across 31 states and UTs as of September 30, 2023.

This widespread presence demonstrates the extensive reach and popularity of Metro Brands, as it caters to customers from diverse regions of India. With its expansive network, the company ensures that individuals in various states and UTs have access to its wide range of footwear and fashion accessories.

Metro Brands takes pride in bringing quality, stylish, and comfortable footwear to people across the country, allowing them to express their personal style and elevate their fashion game.

The success of Metro Brands can be attributed to its commitment to providing an exceptional customer experience, offering a diverse collection of footwear brands and styles to satisfy different tastes and preferences.

Inclusivity and Accessibility

Metro Brands’ expansion has enabled individuals from diverse backgrounds and regions to benefit from its extensive offerings. This growth reflects the company’s dedication to inclusivity and ensuring that its products are accessible to both urban and semi-urban areas.

Wide Range of Brands

Metro Brands’ extensive network of stores showcases its portfolio of well-established brands, including Metro Shoes, Walkway, FitFlop, and Da Vinchi. This diverse range of brands allows customers to choose from a wide selection of styles, catering to various fashion needs and preferences.

Here is a table summarizing the growth of Metro Brands:

Year
Number of Stores
Number of Cities
Number of States and UTs

2023
795
189
31

As Metro Brands continues to expand its presence, it remains committed to providing high-quality footwear options and exceptional service to customers across India. With its extensive range of brands and commitment to inclusivity, Metro Brands has solidified its position as a leading player in the fashion accessory and footwear market.

Rafique Malik’s Journey in the Footwear Market

Rafique Malik, the chairman of Metro Brands, has made an indelible mark on the Indian footwear market. From humble beginnings as a single shoe store, he has transformed Metro Brands into a powerhouse with a staggering worth of Rs 23,000 crore. His company’s dominance in the industry is evident through the ownership of renowned brands like Mochi, Walkway, Metro Shoes, Da Vinchi, and FitFlop.

“I am proud to have built Metro Brands into one of India’s leading footwear retailers,” says Rafique Malik. “Our commitment to quality, innovation, and customer satisfaction has propelled us to the forefront of the market.”

Metro Brands, established by Rafique Malik’s father, Malik Tejani, in 1955, has flourished under Rafique’s leadership. Today, it stands as an emblem of excellence with a vast network of stores spanning the length and breadth of India.

Brands Owned by Metro Brands

Mochi

Walkway

Metro Shoes

Da Vinchi

FitFlop

Rafique Malik’s vision and dedication have propelled Metro Brands to the forefront of the Indian footwear market. With its vast range of brands and commitment to quality, Metro Brands continues to dominate the industry, setting the benchmark for excellence in the world of footwear.

Rafique Malik’s Family and Net Worth

Rafique Malik is married to Aziza Malik and they have five daughters. Their second daughter, Azra Malik, is the managing director of Metro Brands.

As of 2023, Rafique Malik’s real-time net worth is estimated to be $2.8 billion.

Rafique Malik’s Family

Rafique Malik and Aziza Malik have built a strong family with their five daughters. Their family values and support have played a vital role in the success of Metro Brands.

Azra Malik – Managing Director of Metro Brands

Azra Malik, the second daughter of Rafique and Aziza Malik, holds the position of managing director at Metro Brands. Her dedication and leadership have contributed to the growth and success of the company.

Real-Time Net Worth

Rafique Malik’s real-time net worth is an impressive $2.8 billion as of 2023. His entrepreneurial journey and the success of Metro Brands have propelled him to great heights in terms of wealth and influence.

Conclusion

Rafique Malik’s journey in the Indian footwear market is a testament to his success as a visionary entrepreneur. Starting with a single shoe store, he has built Metro Brands into a dominant force with a net worth of $2.1 billion. The company’s worth, estimated to be Rs 23,000 crore, showcases the remarkable growth and impact it has had on the industry.

Metro Brands has solidified its position as a leader in the Indian footwear market with 720 stores across 160 cities. Its diverse range of brands, including Metro Shoes, Walkway, FitFlop, and Da Vinchi, cater to the evolving tastes and preferences of consumers. The company’s expansion and popularity reflect the trust and satisfaction of its growing customer base.

With Rafique Malik’s leadership and strategic vision, Metro Brands continues to thrive and set new benchmarks. The brand’s success is a result of Rafique’s dedication and commitment to providing quality and fashionable footwear to the Indian market. His net worth of $2.1 billion not only highlights his financial achievements but also signifies his significant contributions to the industry as a whole.

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