‘These acquisitions will augment TIL’s presence in the manufacture and export of footwear and take capacity to over five million pairs per year,’ TIL said in a statement.

At present, TIL has a capacity of around three million pairs a year. ‘The Bachi family will continue to hold the residual stake in Bachi Shoes India.’

BSIPL supplies children’s footwear to several international brands across Europe while ESCPL is a manufacturer of footwear soles.

TIL is the global trading arm of the Tata Group and are India’s leading leather and leather products exporter. Tata own three tanneries in India.