.New Delhi: Former Puma India-MD Abhishek Ganguly, who last year got B2B sports shoes manufacturer Mochiko under his athleisure damage start-up Agilitas Athletics, prepares to double Mochiko's development ability over the next 3-4 years.Talking to ETRetail, Ganguly discussed that the firm is creating a huge resource for Mochiko in Noida which is assumed to become working in the upcoming 2 months, followed through another creation device in South India in the next 6-8 months. "Presently, our company have an annual capability of 9 lakh pairs and use 10,000 people. Our experts desire to double this in the next 3-4 years," he mentioned. Talking about the financial investment, Ganguly included that the provider will certainly invest Rs 300 - 400 crore in building these abilities." We are actually also constructing additional effectiveness in our processes. Our company are boosting our technological capabilities and computerization in producing procedures. Our experts are actually committing because our team can see the growth of the group and also the motion of making to India." Started in 2008, the provider manufactures footwear for worldwide companies like Adidas, Puma, New Harmony, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks as well as US Polo. Mochiko will additionally manufacture shoes for the Italian label Lottery, for which Agilitas obtained the 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 revenue and also gets on monitor to come to be a Rs 1,000 crore agency through FY25.
Published On Sep 9, 2024 at 02:53 PM IST.
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