.New Delhi: Former Puma India-MD Abhishek Ganguly, that last year obtained B2B sporting activities shoes manufacturer Mochiko under his athleisure wear startup Agilitas Sports, prepares to double Mochiko's production capacity over the next 3-4 years.Talking to ETRetail, Ganguly shared that the company is developing a large facility for Mochiko in Noida which is actually expected to become functional in the next 2 months, adhered to through an additional creation system in South India in the next 6-8 months. "Presently, our team possess an annual capacity of 9 lakh sets and hire 10,000 people. Our experts want to multiply this in the next 3-4 years," he pointed out. Discussing the financial investment, Ganguly added that the company will spend Rs 300 - 400 crore in creating these abilities." We're also constructing additional effectiveness in our methods. Our company are improving our technological functionalities and hands free operation in producing methods. Our experts are putting in since our experts can observe the development of the group and the motion of creating to India." Started in 2008, the business manufactures footwear for global labels such as Adidas, Puma, New Harmony, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks as well as United States Polo. Mochiko will certainly also create footwear for the Italian brand Lotto, for which Agilitas obtained the driver's licence previously this year.In FY23, Mochiko reported a revenue of Rs 640 crore. Ganguly discussed that the company closed FY24 at Rs 730 - 740 crore earnings as well as gets on keep track of to end up being a Rs 1,000 crore firm through FY25.
Posted On Sep 9, 2024 at 02:53 PM IST.
Join the area of 2M+ field experts.Register for our newsletter to get most up-to-date ideas & analysis.
Download ETRetail App.Acquire Realtime updates.Save your favourite posts.
Check to download and install App.