.New Delhi: Former Puma India-MD Abhishek Ganguly, that in 2013 acquired B2B sports footwear producer Mochiko under his athleisure wear and tear start-up Agilitas Athletics, considers to double Mochiko's production capacity over the next 3-4 years.Talking to ETRetail, Ganguly shared that the provider is constructing a big facility for Mochiko in Noida which is assumed to come to be working in the following 2 months, observed by another production device in South India in the following 6-8 months. "Presently, our experts possess an annual capacity of 9 lakh pairs and also utilize 10,000 folks. Our company want to double this in the following 3-4 years," he mentioned. Talking about the investment, Ganguly added that the company will spend Rs 300 - 400 crore in creating these capabilities." Our experts are actually likewise constructing more efficiency in our processes. Our company are enhancing our specialized capabilities and automation in manufacturing methods. Our experts are actually putting in because our team may see the development of the category and also the motion of producing to India." Begun in 2008, the provider makes shoes for worldwide companies including Adidas, The Puma Corporation, New Equilibrium, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks and United States Shirt. Mochiko will likewise manufacture footwear for the Italian company Lotto, for which Agilitas acquired the permit previously this year.In FY23, Mochiko stated a revenue of Rs 640 crore. Ganguly shared that the company shut FY24 at Rs 730 - 740 crore earnings as well as is on monitor to become a Rs 1,000 crore agency by FY25.
Released On Sep 9, 2024 at 02:53 PM IST.
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