.New Delhi: Former The Puma Corporation India-MD Abhishek Ganguly, who in 2015 acquired B2B sports shoes manufacturer Mochiko under his athleisure wear startup Agilitas Athletics, intends to double Mochiko's development capability over the upcoming 3-4 years.Talking to ETRetail, Ganguly discussed that the business is actually building a large facility for Mochiko in Noida which is actually expected to come to be working in the next 2 months, complied with by an additional manufacturing system in South India in the upcoming 6-8 months. "Currently, we possess a yearly capability of 9 lakh pairs and also use 10,000 individuals. We wish to double this in the next 3-4 years," he said. Commenting on the financial investment, Ganguly included that the business will certainly put in Rs 300 - 400 crore in building these capabilities." Our team're also developing more efficiency in our processes. Our team are enriching our technical abilities as well as hands free operation in manufacturing methods. We are actually putting in since our team may view the development of the classification as well as the activity of creating to India." Begun in 2008, the company makes shoes for global labels like Adidas, Puma, New Balance, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks and also United States Polo. Mochiko is going to likewise make shoes for the Italian label Lottery, for which Agilitas acquired the permit previously this year.In FY23, Mochiko reported a revenue of Rs 640 crore. Ganguly shared that the firm shut FY24 at Rs 730 - 740 crore earnings and performs track to come to be a Rs 1,000 crore firm by FY25.
Published On Sep 9, 2024 at 02:53 PM IST.
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