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Relaxo Footwears incorporates Special Purpose Vehicle

16 Jun 2026 Evaluate

Relaxo Footwears has incorporated a Special Purpose Vehicle (SPV), namely Clean Max MUOI, under the provisions of the Companies Act, 2013. The Ministry of Corporate Affairs has issued a Certificate of Incorporation on June 13, 2026. 

The SPV has been incorporated for development, operation and maintenance of captive solar power project(s) and allied activities for supplying renewable energy to the company's manufacturing facilities across Haryana.

The company is largest footwear manufacturing company in India, which deals in non-leather products i.e. rubber / EVA / PU slippers, canvas/ sport / school shoes, sandals, etc.


Peers
Company Name CMP
Bata india 639.45
Relaxo Footwears 299.30
Campus Activewear 211.60
Superhouse 171.05
Liberty Shoes 223.95
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