We recently met the management of Khadim to understand its business model and future prospects. Khadim's, incorporated in 1981, is one of the leading footwear brands in India, and has positioned itself in affordable fashion', catering to the entire family for all occasions. Over the years, Khadim has adopted an asset light business model to operate its exclusive retail stores with minimal capex requirements. As on December 30, 2017, the company operated 738 retail stores of which majority of the stores are franchisee operated stores (76%-559 stores). Besides its retail...