.New Delhi: Former Puma India-MD Abhishek Ganguly, that in 2014 obtained B2B sports footwear producer Mochiko under his athleisure wear and tear startup Agilitas Athletics, organizes to double Mochiko's production capacity over the next 3-4 years.Talking to ETRetail, Ganguly discussed that the business is creating a large facility for Mochiko in Noida which is actually anticipated to become functional in the upcoming 2 months, followed by an additional development unit in South India in the next 6-8 months. "Currently, our company have a yearly capacity of 9 lakh sets and employ 10,000 folks. Our company would like to multiply this in the next 3-4 years," he mentioned. Commenting on the expenditure, Ganguly included that the firm will invest Rs 300 - 400 crore in developing these capacities." We're additionally building additional productivity in our methods. Our experts are enhancing our technical capabilities and also computerization in creating processes. We are actually committing due to the fact that we can find the growth of the group as well as the activity of creating to India." Begun in 2008, the firm makes footwear for worldwide labels like Adidas, The Puma Corporation, New Equilibrium, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks and also United States Polo. Mochiko will additionally produce shoes for the Italian brand name Lottery, for which Agilitas obtained the driver's licence previously this year.In FY23, Mochiko reported a revenue of Rs 640 crore. Ganguly shared that the company finalized FY24 at Rs 730 - 740 crore earnings and also performs track to become a Rs 1,000 crore agency through FY25.
Released On Sep 9, 2024 at 02:53 PM IST.
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