Sustainable footwear brand Neeman’s has welcomed Sumit Maloo as its Chief Financial Officer, marking a strategic move to accelerate its growth trajectory.
With extensive experience in financial strategy and operations, Sumit brings expertise from his tenure at Skechers South Asia, where he managed financial planning, analysis, reporting, and treasury. His career portfolio also includes leadership roles in finance at Staples, ICICI Bank, and Reliance Brands, showcasing his vast industry acumen.
Neeman’s, often compared to the US-based Allbirds, creates eco-friendly footwear using innovative materials such as merino wool, organic cotton, recycled PET bottles, tree wood, and bamboo. The brand distributes its products through its website and leading marketplaces like Amazon and Flipkart, while also maintaining an offline presence in retail chains like Shoppers Stop and Lifestyle.
Despite achieving nearly 50% growth in FY23, the Hyderabad-based startup reported losses exceeding ₹100 crore. To drive future growth, Neeman’s is doubling down on its retail strategy. With 14 exclusive offline stores already operational, the company aims to expand to 100 stores across major Indian cities within the next two years, under Sumit’s financial leadership.
This strategic expansion underscores Neeman’s commitment to making sustainable footwear accessible across India.
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