.New Delhi: Former Puma India-MD Abhishek Ganguly, who in 2014 got B2B sports footwear maker Mochiko under his athleisure wear and tear start-up Agilitas Athletics, plans to double Mochiko’s production capability over the upcoming 3-4 years.Talking to ETRetail, Ganguly discussed that the business is actually creating a large facility for Mochiko in Noida which is actually assumed to end up being working in the next 2 months, adhered to through yet another creation system in South India in the upcoming 6-8 months. “Currently, our team possess an annual ability of 9 lakh pairs and also utilize 10,000 people. We would like to multiply this in the next 3-4 years,” he said.
Discussing the assets, Ganguly added that the provider will definitely put in Rs 300 – 400 crore in constructing these capacities.” Our company’re also creating additional productivity in our processes. Our team are enhancing our technical functionalities as well as hands free operation in manufacturing processes. Our experts are actually committing since our experts may find the development of the category as well as the motion of making to India.” Started in 2008, the provider makes shoes for international brands such as Adidas, Puma, New Harmony, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks and also US Shirt.
Mochiko will definitely likewise produce shoes for the Italian brand name Lottery, for which Agilitas obtained the permit earlier this year.In FY23, Mochiko mentioned a revenue of Rs 640 crore. Ganguly discussed that the company closed FY24 at Rs 730 – 740 crore revenue and also is on track to end up being a Rs 1,000 crore firm by FY25. Published On Sep 9, 2024 at 02:53 PM IST.
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