Safari Industries India Ltd.
| Public company | |
| Traded as | BSE: 523025 |
| ISIN | 🆔 |
| Industry | Consumer Durable |
| Founded 📆 | 1974[1] |
| Founder 👔 | Sumatichandra H. Mehta |
| Headquarters 🏙️ | , Mumbai, Maharashtra , |
Area served 🗺️ | India |
Key people | Sudhir Jatia |
| Revenue🤑 |  ₹1,360.0 million (US$19 million) |
| Members | |
Number of employees | 1000 |
| Subsidiaries | Safari Lifestyle Ltd |
| 🌐 Website | http://www.safari.in |
| 📇 Address | |
| 📞 telephone | |
Safari Industries India Ltd is an Indian luggage & travel goods manufacturer and retailer.[2] The company was founded in 1974 to manufacture plastic moulded luggage.[1] It was promoted by Sumatichandra H. Mehta, incorporated in 1980 and converted into a public limited company in 1986. The company operates through retail stores and e-commerce channel.[1] Safari Industries is headquartered in Mumbai, India and employs around 1,000 people.[3]
History[edit]
Safari Industries initially offered plastic moulded suitcases, briefcases and vanity cases among other products.[4] Twelve years after its foundation, the company went public on 3rd February, 1986. [1]
Finance[edit]
In 2014, private equity firm Tano Capital, acquired a 20% stake in the company for 49.8 crore through a preferential allotment. As of 2018, Tano Capital holds over 14% stakes in the company.[4] Safari Industries (India) Ltd.’s current market capitalization stands at Rs 1,200 crore. [5]
Safari is currently the third largest brand in the luggage industry with 8 % market share in India. [6] [7]
Products[edit]
Safari started selling Polycarbonate and soft luggage, backpacks and travel accessories to meet the market demand for light and wheeled travel products.[8]
As of today, Safari manufactures and trades in wheel upright trolleys, duffles, rolling duffles, business cases, laptop satchels, tablet sleeves, casual and formal backpacks, backpack trolleys, as well as travel essentials and foldables.[3]
The Company also manufactures injection moulded plastic articles and vacuum formed plastic articles.[9]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 "Safari Industries (India) History - Safari Industries (India) Information - The Economic Times". economictimes.indiatimes.com.
- ↑ Editorial, Reuters. "Company Profile for ${Instrument_CompanyName}". IN.
- ↑ 3.0 3.1 "Safari Industries (India) Limited: Private Company Information - Bloomberg". www.bloomberg.com.
- ↑ 4.0 4.1 "Tano Capital picking 20% stake in luggage maker Safari for around $8.5M". 16 June 2014.
- ↑ "Safari Industries (India) Share Price Live, Safari Industries (India) Stock Price Today". The Economic Times.
- ↑ http://www.indiaretailing.com/2017/08/19/retail/rise-indian-luggage-industry-utility-fashion-accessory/
- ↑ http://www.moneycontrol.com/news/business/moneycontrol-research/good-quarter-from-safari-market-weakness-could-be-an-opportunity-to-buy-2513023.html
- ↑ "Good quarter from Safari – market weakness could be an opportunity to buy". Moneycontrol.
- ↑ "Sudhir M. Jatia: Executive Profile & Biography - Bloomberg". www.bloomberg.com.
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