.New Delhi: Former The Puma Corporation India-MD Abhishek Ganguly, that in 2013 acquired B2B sporting activities footwear manufacturer Mochiko under his athleisure wear start-up Agilitas Athletics, plans to double Mochiko's production ability over the next 3-4 years.Talking to ETRetail, Ganguly discussed that the business is developing a huge center for Mochiko in Noida which is actually anticipated to become operational in the following 2 months, complied with by another production unit in South India in the upcoming 6-8 months. "Currently, our experts have an annual capacity of 9 lakh pairs and work with 10,000 individuals. Our team wish to increase this in the following 3-4 years," he said. Commenting on the assets, Ganguly added that the firm will certainly spend Rs 300 - 400 crore in constructing these capacities." Our experts are actually additionally constructing additional efficiency in our methods. Our team are actually enhancing our technical functionalities as well as automation in manufacturing procedures. We are actually putting in because our company can easily see the development of the category as well as the movement of making to India." Started in 2008, the business produces shoes for global companies including Adidas, Puma, New Balance, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks as well as US Shirt. Mochiko is going to additionally make footwear for the Italian brand Lottery, for which Agilitas acquired the driver's licence earlier this year.In FY23, Mochiko reported a revenue of Rs 640 crore. Ganguly shared that the business shut FY24 at Rs 730 - 740 crore earnings and also 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.
Join the community of 2M+ sector experts.Sign up for our e-newsletter to get most recent insights & evaluation.
Download ETRetail Application.Receive Realtime updates.Spare your much-loved write-ups.
Scan to download App.