R afique Malik is the chairman of Metro Brands, one of India's largest and most successful footwear specialty retailers. He inherited a single shoe store in Mumbai from his father in the 1970s and transformed it into a nationwide retail empire. Under his visionary leadership, Metro Brands expanded its portfolio to include in-house labels like Mochi and Walkway, while also becoming the partner of choice for international brands entering India, such as Crocs.
Malik modernized the family business by professionalizing its management and adopting a robust franchise and distribution model. He successfully took the company public in December 2021, a milestone that unlocked significant value and cemented his status as a billionaire. Today, the day-to-day operations are largely managed by his daughter, Farah Malik Bhanji, though he continues to provide strategic guidance as chairman.
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Rafique Malik is an Indian businessman, the founder of Metro Brands (NSE: METROBRAND), a popular multi-brand footwear retailer with hundreds of stores across India.
The company is known for its own brands such as Mochi, Metro and Walkway. Malik successfully took the company public in 2021. His daughter, Farah Malik Bhanji, the second of his five daughters, runs the company as managing director.
Rafique Malik's career is defined by his success in scaling organized retail across the diverse Indian market. His structural achievement is tied to establishing Metro Brands as a trusted multi-brand retailer with hundreds of stores.
He guided the company through its successful 2021 IPO. The company is now managed by the next generation, with his daughter Farah Malik Bhanji serving as managing director.
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Founded Metro Brands.
Malik took the company public.
Daughter Farah Malik Bhanji runs the company as managing director.
Rafique Malik's wealth is concentrated in his family's controlling stake in the publicly traded retail giant, Metro Brands.
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+0.53% | +$7.20M
-4.65% | -$75.15M
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