Mr. Asad K Iraqi , Chairman and Managing Director of AKI Group is a true baton carrier of family business i.e. Leather. In 1988 while Mr. Asad K Iraqi was still an undergraduate, formed the company known as AKI International (Leder), which was into manufacturing Leather Saddlery Goods. His vision was to establish a company of international presence and respectable size in Indian context of leather industry. In 1992, he established another company, AKI India Ltd.
Mr. Asad took initiative for the backward integration of the company to see the growth of leather industry in India and took following steps:
- Leather footwear manufacturing and exports started.
- Distribution of Leather Chemicals started
- Established Tannery for making Upholstery Leather & Footwear Leather for exports
Mr. Asad K Iraqi established several other units specializing in manufacture and export of fashion footwear, safety footwear and assorted leather goods at Kanpur and Unnao. The thirst for ambition to see AKI Group to acquire the multinational entity continued and he established subsidiary companies and depots in overseas countries. The company has incorporated a wholly owned subsidiary in United Kingdom in the name AKI UK Ltd. in September 2005 having its registered office in London, which is primarily engaged in the marketing and distribution of leather shoes.
The turnover of AKI Group is more than USD 25 million for the financial year ending as on 31stMarch 2016, under the efficient leadership of Mr. Asad K Iraqi.
Mr. Asad K Iraqi is the COA of Council for Leather Exports since 2008. Council for Leather Exports is an export promotional body under the Ministry of Commerce and Industry, Government of India.
Mr. Asad K Iraqi is also appointed as the Member of Environmental Sustainable Committee, a division of CLE. Mr. Asad’s aim to help the leather industry in Unnao and Kanpur took him to establish a world class Testing Laboratory and Training Centre. To achieve this, he established a company backed by leather industry of Kanpur and Unnao, which is known as Kanpur Unnao Leather Cluster Development Company Limited.