Who is Rafique Malik? Meet the man behind footwear brands like Mochi, Metro: Know about his journey, net worth & more
Rafique Malik is the chairman of Metro Brands. The company has a market capitalisation of Rs 23,000 crore. Metro Brands is known for its brands such as Mochi, Walkway, Metro Shoes, Da Vinchi, and, FitFlop.
Rafique Malik’s career
In 1955, Metro was started as a single shoe store in Mumbai by Rafique Malik’s father Malik Tejani. Currently, Rafique Malik’s daughter Farah Malik Bhanji is running the company as managing director. With her leadership, the firm has 720 stores across 160 cities in India. For the unversed, the late billionaire investor Rakesh Jhunjhunwala’s family has a minority stake in Metro Brands.
Metro Brands sold a 15 per cent stake to Jhunjhunwala in 2007. He listed his company in December 2021 when it launched its Rs 1,367 crore initial public offering (IPO).
Rafique Malik’s family
He is married to Aziza Malik. They have five daughters. Faraj Malik Bhanji is their second daughter.
Rafique Malik’s net worth
According to Forbes, Rafique Malik has an estimated net worth of $2.3 billion.