.New Delhi: Former The Puma Corporation India-MD Abhishek Ganguly, that last year acquired B2B sports footwear maker Mochiko under his athleisure wear and tear startup Agilitas Sports, prepares to double Mochiko’s production capacity over the following 3-4 years.Talking to ETRetail, Ganguly shared that the firm is actually building a sizable facility for Mochiko in Noida which is expected to become functional in the following 2 months, followed by another creation unit in South India in the following 6-8 months. “Currently, we have a yearly capability of 9 lakh pairs and also employ 10,000 folks. Our company desire to increase this in the upcoming 3-4 years,” he mentioned.
Commenting on the financial investment, Ganguly included that the business will spend Rs 300 – 400 crore in constructing these capacities.” We are actually also creating more effectiveness in our processes. Our company are enhancing our technological capacities as well as hands free operation in producing processes. Our experts are putting in given that our company may see the development of the type as well as the movement of producing to India.” Begun in 2008, the business manufactures footwear for worldwide companies including Adidas, Puma, New Equilibrium, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks as well as United States Polo.
Mochiko is going to likewise manufacture footwear for the Italian brand name Lotto, for which Agilitas got the licence previously this year.In FY23, Mochiko disclosed a profits of Rs 640 crore. Ganguly discussed that the company shut FY24 at Rs 730 – 740 crore earnings and also gets on track to come to be a Rs 1,000 crore company by FY25. Published On Sep 9, 2024 at 02:53 PM IST.
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