NetWorth
LeaderPortfolio
Malik
Rafique Malik
Rank #1910
INDIA•Fashion & Retail•Footwear

Rafique Malik

Net Worth
$2.154B
-1.99% (24h)
Rafique Malik is the Chairman of Metro Brands Limited, a leading footwear retailer in India. His career began at a young age, taking over his family's shoe store in Mumbai at 16. Under his leadership, Metro Brands has expanded to over 700 stores across India, housing brands such as Mochi, Metro Shoes, and Walkway. With a net worth of $2.3 billion, Malik is a prominent figure in the Indian retail industry, known for his vision and commitment to building a successful business from the ground up.

How to read Rafique Malik's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Rafique Malik, we anchor the narrative to Footwear and Footwear, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $2.154B alongside global rank #1910, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (INDIA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Rafique Malik was born on October 30, 1950, in Mumbai. His father, Malik Tejani, started a shoe shop in Mumbai in 1955, which became the foundation for Rafique's entrepreneurial journey. Rafique's journey in the footwear industry started at the age of 16. He holds a Bachelor's Degree in Commerce and has attended the Owner/President Management Program at the Harvard Graduate School of Business.

Rise to Success

Rafique Malik transformed his father's small shoe shop into Metro Brands, one of India's largest footwear retailers. He successfully expanded the business from a single store into a multi-brand retailer with 720 stores across 164 cities in India. The company is known for brands such as Mochi, Metro Shoes, Walkway, Da Vinchi, and FitFlop. Metro Brands went public in December 2021.

Key Business Strategies

Rafique Malik focused on building a strong brand portfolio and expanding the company's reach across India. He adopted a franchise model to grow the business and empowered regional entrepreneurs. The company also sold a 15% stake to Rakesh Jhunjhunwala in 2007, which aided in further expansion. His daughter, Farah Malik Bhanji, now runs the company as managing director, furthering the company's success.

Philanthropy

Information on Rafique Malik's specific philanthropy initiatives could not be found in the search results.

Career Timeline

2021

Metro Brands IPO

Listed the company on the stock exchange.

2007

Sold 15% Stake to Rakesh Jhunjhunwala

A significant milestone in the company's growth.

1977

Chairman of Metro Brands Limited

Took on the role of Chairman, steering the company's growth and expansion.

1955

Founded Metro Shoes

Started by his father Malik Tejani as a single shoe store in Mumbai.

Philanthropic Impact

CharityUndisclosed

Unknown

Specific philanthropy initiatives could not be located.

Key Business Ventures & Holdings

CompanyStakeValue
Metro Brands Limited——

Net Worth History

In-Depth Analysis

Early Life

Rafique Malik was born on October 30, 1950, in Mumbai. His father, Malik Tejani, started a shoe shop in Mumbai in 1955, which became the foundation for Rafique's entrepreneurial journey. Rafique's journey in the footwear industry started at the age of 16. He holds a Bachelor's Degree in Commerce and has attended the Owner/President Management Program at the Harvard Graduate School of Business.

Rise to Success

Rafique Malik transformed his father's small shoe shop into Metro Brands, one of India's largest footwear retailers. He successfully expanded the business from a single store into a multi-brand retailer with 720 stores across 164 cities in India. The company is known for brands such as Mochi, Metro Shoes, Walkway, Da Vinchi, and FitFlop. Metro Brands went public in December 2021.

Key Business Strategies

Rafique Malik focused on building a strong brand portfolio and expanding the company's reach across India. He adopted a franchise model to grow the business and empowered regional entrepreneurs. The company also sold a 15% stake to Rakesh Jhunjhunwala in 2007, which aided in further expansion. His daughter, Farah Malik Bhanji, now runs the company as managing director, furthering the company's success.

Philanthropy

Information on Rafique Malik's specific philanthropy initiatives could not be found in the search results.

Data Sources & Methodology

Figures for Rafique Malik are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

You may also like

HubAll BillionairesHubGlobal RankingsHubNewsroomBillionaireBernard Arnault & familyRank #9