.New Delhi: Former Puma India-MD Abhishek Ganguly, who in 2013 acquired B2B sporting activities footwear manufacturer Mochiko under his athleisure damage start-up Agilitas Athletics, organizes to double Mochiko's production ability over the following 3-4 years.Talking to ETRetail, Ganguly discussed that the business is actually creating a huge facility for Mochiko in Noida which is assumed to become functional in the upcoming 2 months, observed by an additional development unit in South India in the upcoming 6-8 months. "Presently, we possess an annual capacity of 9 lakh sets and employ 10,000 individuals. Our team would like to multiply this in the upcoming 3-4 years," he claimed. Discussing the investment, Ganguly added that the business is going to commit Rs 300 - 400 crore in developing these capacities." We are actually also developing even more effectiveness in our methods. Our experts are actually boosting our technical abilities and also computerization in making processes. Our experts are spending due to the fact that our experts can easily see the development of the category and also the movement of producing to India." Begun in 2008, the provider makes shoes for international labels like Adidas, The Puma Corporation, New Equilibrium, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks and US Polo. Mochiko is going to additionally make footwear for the Italian brand name Lotto, for which Agilitas acquired the licence earlier this year.In FY23, Mochiko disclosed a profits of Rs 640 crore. Ganguly shared that the provider finalized FY24 at Rs 730 - 740 crore revenue and gets on track to become a Rs 1,000 crore company by FY25.
Published On Sep 9, 2024 at 02:53 PM IST.
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