The Bata shoe organization on Monday 30th November, named it’s India CEO Sandeep Kataria, as it’s global CEO. He becomes the first Indian to head 120 year old retailer – Bata, globally. The company said that he as CEO has helped to attain consistent growth and profitability. He joined Bata India as its CEO in 2017. He has also worked with global firms such as Unilever, Yum Brands and Vodafone in India and Europe. Under his leadership, Bata India doubled its profits. He has completed his M.A, M.Phil and Ph.D. He has been directly involved in leading business and powerhouse brands. His strategies helped to boost consumer demand and global reach.
Bata remains as a family-owned business originated from Czech Republic, selling more than 180 million pairs of shoes annually. They have 5,800 outlets all over the globe with 22 Bata-owned manufacturing facilities. Out of 5,800 stores, 1,200 stores are situated in India. They are also providing employment opportunities to more than 35,000 employees around the world.
Bata India is a mid-cap company with a market capitalization of around Rs 20,000 crore. The share price of the company closed at Rs 1544.20, down 1.82% following the news.