financetom
Business
financetom
/
Business
/
Paaduks plans to expand horizon with eco-conscious choices
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Paaduks plans to expand horizon with eco-conscious choices
May 24, 2023 2:04 AM

Paaduks, a footwear brand, is planning to expand its horizon with eco-conscious choices and ways. At present, Paaduks has managed to create its presence in the market by partnering with 20+ e-Commerce platforms and supporting its vision by recycling 15 lakh kgs of of tires so far, aiming to outdo themselves by reaching 20 lakh kgs this year, the brand said.

Share Market Live

NSE

The brand introduced India's first biodegradable sole by recycling rubber tires. They have registered 151 percent growth rate in FY 2022-23, it said.

Honoring the skilled artwork of local artisans who have been creating handcrafted designs for generations now, Paaduks got them on board to give them an opportunity to earn their livelihood and at the same time bring their art to life with a footwear collection that's fun, chic & yet eco-friendly.

The brand said it is now targetting a 10x increase in revenue in the upcoming year, driven by strengthening the current portfolio of products and launching new offerings in the footwear segment.

Amit Jain, Founder Paaduks said, “We are focusing on strengthening the current portfolio of products and launching new offerings in the footwear segment. Additionally, we also aim at launching other lifestyle products in the upcoming year to drive awareness about the environment."

First Published:May 24, 2023 11:04 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
--Goldman Sachs Mistakenly Received $470 Million From Archegos During Collapse, Bloomberg Reports
--Goldman Sachs Mistakenly Received $470 Million From Archegos During Collapse, Bloomberg Reports
May 23, 2024
01:47 PM EDT, 05/23/2024 (MT Newswires) -- Price: 460.55, Change: -1.83, Percent Change: -0.40 ...
HSBC's New York attendance jumps to 80% at new office
HSBC's New York attendance jumps to 80% at new office
May 23, 2024
NEW YORK (Reuters) - HSBC's ( HSBC ) employee attendance has jumped to 80% at its new office in New York's Hudson Yards area, said Michael Roberts, CEO of HSBC ( HSBC ) in the USA and the Americas, on Thursday. Attendance was 40% before the pandemic at its former base in Bryant Park, Roberts said at an opening ceremony...
Under Armour Needs to Show Signs of Improving Fundamentals, Oppenheimer Says
Under Armour Needs to Show Signs of Improving Fundamentals, Oppenheimer Says
May 23, 2024
01:45 PM EDT, 05/23/2024 (MT Newswires) -- Under Armour ( UAA ) has longer-term potential, however, it is best to move to the sidelines and wait for a clear indication of better fundamental momentum, Oppenheimer said in a note Thursday. Oppenheimer analysts, including Brian Nagel, said founder and former CEO Kevin Plank resumed the chief executive role following several unsuccessful...
Live Nation Sued by Justice Department, Multiple States Over Alleged Market Monopolization; Shares Fall
Live Nation Sued by Justice Department, Multiple States Over Alleged Market Monopolization; Shares Fall
May 23, 2024
01:47 PM EDT, 05/23/2024 (MT Newswires) -- The US Department of Justice and 30 state and district attorneys general sued Live Nation Entertainment ( LYV ) and its Ticketmaster unit for alleged market monopolization and anticompetitive practices, sending the live entertainment company's stock tumbling. The civil antitrust lawsuit, which was filed Thursday in the US District Court for the Southern...
Copyright 2023-2026 - www.financetom.com All Rights Reserved