.New Delhi: Former The Puma Corporation India-MD Abhishek Ganguly, that in 2015 acquired B2B sports footwear supplier Mochiko under his athleisure wear start-up Agilitas Sports, intends to double Mochiko’s creation capability over the upcoming 3-4 years.Talking to ETRetail, Ganguly shared that the company is creating a large facility for Mochiko in Noida which is expected to come to be working in the upcoming 2 months, followed by another development system in South India in the next 6-8 months. “Presently, our company have a yearly capacity of 9 lakh sets and also use 10,000 individuals. Our experts desire to double this in the upcoming 3-4 years,” he said.
Talking about the financial investment, Ganguly added that the business will definitely spend Rs 300 – 400 crore in building these abilities.” Our team’re also building more productivity in our methods. We are enriching our technological capabilities as well as hands free operation in manufacturing processes. Our company are actually putting in because our team can easily find the development of the type as well as the activity of making to India.” Begun in 2008, the business creates footwear for global labels such as Adidas, The Puma Corporation, New Balance, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks and also United States Shirt.
Mochiko will certainly additionally manufacture footwear for the Italian brand name Lotto, for which Agilitas obtained the licence previously this year.In FY23, Mochiko disclosed a revenue of Rs 640 crore. Ganguly shared that the company shut FY24 at Rs 730 – 740 crore revenue and also is on keep track of to come to be a Rs 1,000 crore firm through FY25. Published On Sep 9, 2024 at 02:53 PM IST.
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