.New Delhi: Former Puma India-MD Abhishek Ganguly, that in 2013 acquired B2B sports footwear producer Mochiko under his athleisure wear startup Agilitas Athletics, plans to double Mochiko's production ability over the following 3-4 years.Talking to ETRetail, Ganguly shared that the business is building a large location for Mochiko in Noida which is expected to come to be functional in the next 2 months, complied with through another creation system in South India in the following 6-8 months. "Currently, our company have an annual capability of 9 lakh sets as well as work with 10,000 people. We desire to double this in the following 3-4 years," he claimed. Talking about the expenditure, Ganguly included that the provider is going to put in Rs 300 - 400 crore in creating these abilities." We are actually additionally constructing even more performance in our procedures. Our experts are actually enhancing our technical abilities as well as computerization in manufacturing processes. Our experts are spending given that our company can see the development of the type and also the movement of producing to India." Begun in 2008, the provider produces footwear for worldwide brands like Adidas, The Puma Corporation, New Balance, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks as well as US Shirt. Mochiko will also manufacture shoes for the Italian company Lotto, for which Agilitas got the driver's licence previously this year.In FY23, Mochiko disclosed a revenue of Rs 640 crore. Ganguly shared that the company finalized FY24 at Rs 730 - 740 crore profits and also is on monitor to end up being a Rs 1,000 crore company by FY25.
Published On Sep 9, 2024 at 02:53 PM IST.
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