Hyderabad, India – November 12th, 2024 – Neeman’s, India’s leader in sustainable & comfortable footwear innovation, has announced the appointment of Sumit Maloo as its Chief Financial Officer. With a distinguished background in finance and a proven track record of fueling strategic growth, Sumit will lead Neeman’s ambitious plan to establish 100 stores across India over the next two years.
In his previous role at Skechers South Asia, Sumit led Financial Strategy, Operations, Controls, Planning & Analysis, Reporting and Treasury. Sumit also spearheaded initiatives like establishing the FP&A function, enhancing financial reporting, ERP integration, enhancing Internal controls and providing real-time insights that enabled sustainable profitable growth. Beyond Skechers, Sumit has held key positions in Finance at renowned organizations like Staples, ICICI Bank, and Reliance Brands.
Neeman’s has rapidly grown to become India’s pioneering eco-friendly footwear brand, driven by a commitment to natural, sustainable materials and unparalleled comfort. Having established a strong direct-to-consumer presence, Neeman’s is now focused on expanding its reach through a robust retail network. Currently operating 14 offline exclusive stores, Neeman’s is on a mission to significantly expand its retail footprint, aiming to open 100 stores across major cities in India over the next two years. This retail growth is part of the company’s strategy to enhance accessibility and provide customers with an immersive experience of Neeman’s products, further strengthening its position as a leading footwear brand in the segment.
Amar Preet Singh, COO and Co-founder of Neeman’s, welcomed Sumit to the team, stating, “Sumit Maloo’s exceptional financial acumen and his experience in profitably scaling operations align seamlessly with Neeman’s growth objectives. We’re excited to welcome him on board to support Neeman’s ambitious plans for expansion, ensuring that we continue to grow in a way that reflects our commitment to sustainable, high-quality footwear.”
Commenting on his appointment, Sumit Maloo Said, “I am honored to join Neeman’s as CFO at this pivotal stage in the company’s journey. This opportunity marks an exciting new chapter in my career and I am eager to contribute to a team dedicated to creating comfortable, stylish and sustainable footwear. I look forward to collaborating with talented colleagues and engaging with the vibrant community at Neeman’s. Together, we aim to build a strong retail presence across India, balancing profitability with our shared dedication to sustainable growth.”
With Sumit in this strategic role, Neeman’s is poised to strengthen its financial operations to support its bold expansion, reinforcing its position as a prominent name to reckon with in the footwear space in the coming few years.
