Archive · 31 Jan 2026
PE Giants Vie for RedTape in $500M Deal
Big investment companies from around the world want to buy a large part of RedTape, a company that sells shoes and clothes.
This deal could be worth about ₹4,500–5,000 crore, which is a lot of money.
RedTape has many stores in India and some other countries too.
The company's owners are thinking about selling most or all of their shares.
Other companies like Bata and Nike are also in the shoe business in India.
The shoe market in India is expected to get much bigger in the next few years, so these investment companies see a good opportunity.
Global private equity firms are competing to acquire a majority stake in RedTape, valuing it at ₹4,500–5,000 crore.
RedTape's promoters, holding 71.79% of the company, are considering selling all or a substantial part of their holdings.
The company has over 600 stores in India and operates in 17 countries, with revenue of ₹2,052.93 crore in FY25.
RedTape competes with major brands like Bata India, Metro Brands, Relaxo Footwears, Campus Activewear, Nike, and Adidas.
The Indian footwear market is projected to more than double to $47.53 billion by 2033, driving investor interest.
- Who
- Global private equity firms including Apax Funds, Advent International, Warburg Pincus, KKR, and Blackstone
- What
- Acquisition of a majority stake in RedTape
- When
- Talks are at an early stage
- Where
- India, with RedTape's headquarters in Noida
- Why
- To capitalize on the growing Indian footwear market and RedTape's potential for international expansion
- Company
- RedTape
- Founders
- Rashid Ahmed Mirza, Shuja Mirza
- Year Founded
- 1996
- Revenue (FY25)
- ₹2,052.93 crore
- Profit (FY25)
- ₹170 crore
- Market Cap (as of Friday)
- ₹6,845.42 crore
- Number of Stores
- Over 600 across India
- International Presence
- 17 countries including UK, US, Australia, UAE