.New Delhi: Former Puma India-MD Abhishek Ganguly, who in 2013 acquired B2B sports shoes manufacturer Mochiko under his athleisure wear and tear startup Agilitas Athletics, intends to multiply Mochiko's development capacity over the next 3-4 years.Talking to ETRetail, Ganguly shared that the firm is building a sizable facility for Mochiko in Noida which is actually anticipated to end up being operational in the next 2 months, observed through one more manufacturing system in South India in the next 6-8 months. "Currently, our experts have an annual capacity of 9 lakh pairs as well as employ 10,000 people. Our experts would like to multiply this in the upcoming 3-4 years," he said. Talking about the investment, Ganguly added that the firm will certainly put in Rs 300 - 400 crore in building these capabilities." Our company are actually likewise creating additional productivity in our methods. Our company are boosting our technical capabilities and computerization in creating procedures. Our company are spending considering that our team can observe the growth of the group and also the action of producing to India." Started in 2008, the business makes shoes for worldwide companies like Adidas, Puma, New Equilibrium, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks and also US Polo. Mochiko will also produce footwear for the Italian brand Lottery, for which Agilitas obtained the driver's licence earlier this year.In FY23, Mochiko stated an income of Rs 640 crore. Ganguly discussed that the company closed FY24 at Rs 730 - 740 crore profits as well as gets on keep track of to become a Rs 1,000 crore agency through FY25.
Published On Sep 9, 2024 at 02:53 PM IST.
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