.New Delhi: Former Puma India-MD Abhishek Ganguly, who last year got B2B sports footwear producer Mochiko under his athleisure damage start-up Agilitas Athletics, considers to double Mochiko's development capability over the following 3-4 years.Talking to ETRetail, Ganguly discussed that the company is creating a large location for Mochiko in Noida which is assumed to end up being working in the upcoming 2 months, observed through one more development unit in South India in the following 6-8 months. "Currently, we have a yearly capacity of 9 lakh pairs as well as utilize 10,000 folks. Our company desire to multiply this in the next 3-4 years," he mentioned. Talking about the investment, Ganguly incorporated that the firm will certainly invest Rs 300 - 400 crore in building these capacities." Our team're also developing even more effectiveness in our processes. Our team are actually boosting our technical capabilities and also automation in creating processes. We are actually spending since we can easily see the development of the category and also the activity of making to India." Begun in 2008, the firm produces footwear for international labels like Adidas, Puma, New Equilibrium, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks as well as US Shirt. Mochiko is going to also manufacture shoes for the Italian brand name Lottery, for which Agilitas got the licence earlier this year.In FY23, Mochiko reported a revenue of Rs 640 crore. Ganguly shared that the firm shut FY24 at Rs 730 - 740 crore earnings as well as performs track to become a Rs 1,000 crore company by FY25.
Released On Sep 9, 2024 at 02:53 PM IST.
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