Paragon Footwear
 | |
| ISIN | 🆔 |
|---|---|
| Industry | Footwear Manufacturing |
| Founded 📆 | 1975, Kottayam, Kerala, India |
| Founder 👔 | P.V. Abraham, K.U. Thomas & K.U. Scaria |
Area served 🗺️ | |
| Products 📟 | Solea, Paragon Max, Stimulus, Paralite, Fender, Escoute, Walkie, Rubber based, Vertex, School Shoes, Flat Lite, Princess, Sonar, Casual, Dolly, Meriva |
| Members | |
Number of employees | 2000 |
| 🌐 Website | https://www.paragonfootwear.com/ |
| 📇 Address | |
| 📞 telephone | |
Paragon footwear is an Indian footwear company which was founded in the year 1975 in Kottayam, Kerala. Established by three individuals, P.V. Abraham, K.U. Thomas & K.U. Scaria, the company now employs over 10,000 people.
Founded in 1975 in the Kottayam district in the southern state of India, Kerala, Paragon is a manufacturer of Rubber Hawai, Poly-urethane (PU), Poly Vinyl Chloride (PVC), Air Max, Ethylene-Vinyl Acetate (EVA), Thermo Plastic Rubber (TPR) and Canvas material footwear. With a starting manufacturing capacity of 1500 pairs of footwear per day in 1975, Paragon recorded a production capacity of over 400,000 pairs of plastic and rubber footwear in the year 2016.
History[edit]
Paragon is a Kerala-based footwear manufacturer who launched their production line in the year 1975. Their main-stay being Rubber Hawai, Poly-Urethane (PU) and Poly Vinyl Chloride (PVC) footwear, Paragon quickly ventured into alternate materials like Ethylene-Vinyl Acetate (EVA) and Thermo Plastic Rubber (TPR). In 1982, Paragon shifted their business model to include a wider audience. The company’s footwear is now distributed through 18 depots across India, with over 450 Paragon distributors. Promoted by the Paragon Group of Companies, they have multiple ISO-9001 & 14001 certified factories around the country and have also outsourced the production of footwear to manufacturers in Bangalore, Hyderabad, Kottayam, Salem, Delhi and other locations. With over 24 manufacturing plants located in Bangalore (12 units), Kottayam (4), Salem (3), Hyderabad (4) and Vijayawada (1), Paragon’s in-house production rate stands at over 400,000 pairs of footwear a day, with approximate annual sales of over 14,00,00,000 pairs each year.
Manufacturing & Production[edit]
Paragon fabricates and assembles its products at the 5 manufacturing units located in Kottayam in Kerala, Salem in Tamil Nadu, Hyderabad in Telangana, Peenya and Nelamangala in Karnataka. The 60 production houses that the company has help create the various brands and verticals that Paragon owns. The company also has an in-house integrated design and development center, where the footwear is designed and tested for quality. Paragon’s footwear collection now has now 1,500 designs under its belt. Once manufactured at the units, the products are shipped from the central warehouses located in Karnataka, Kerala, Tamil Nadu & Telangana, to the 470 distributors that the brand has engaged around the country for sale. With an average production of 300 pairs of footwear in a minute, Paragon is now the largest manufacturer in India. The brand now also exports its products to several countries like Kuwait, Saudi Arabia, Qatar, Oman, Mauritius, Dubai, Italy & Bangladesh.
Paragon was incorporated in the year 2001 as Paragon Footwear Private Limited and registered at the Registrar of Companies, Ernakulam.
Strengths[edit]
Finance – clear short term & long term growth plans
Sap System
Supply Chain Management
Lean Excellence
Integrated Design Development Centre
Research & Development
Quality Assurance
Paragon Brands[edit]
Paragon has over 20 brands under its umbrella. Some of them are:
Solea
Paragon Max
Stimulus
Paralite
Fender
Escoute
Walkie
Rubber based
Vertex
School Shoes
Flat Lite
Princess
Sonar
Casual
Dolly
Meriva
Awards/Certifications[edit]
ISO-9001 certification
ISO 14001:2004 certification
CREDIT ANALYSIS & RESEARCH LIMITED (CARE) has assigned a rating of CARE A- for facilities availed from banks by Paragon Group
India’s Most Trusted Brand Award- 2016
Asia’s Most Trusted Brand Award- 2017
External Links[edit]
References[edit]
http://www.thehindu.com/business/Industry/paragon-draws-up-rs200-cr-expansion/article6515063.ece
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