.New Delhi: Former Puma India-MD Abhishek Ganguly, who in 2015 acquired B2B sports shoes maker Mochiko under his athleisure wear startup Agilitas Athletics, considers to double Mochiko's manufacturing capacity over the upcoming 3-4 years.Talking to ETRetail, Ganguly shared that the business is actually developing a huge facility for Mochiko in Noida which is actually expected to come to be functional in the following 2 months, observed by an additional production device in South India in the following 6-8 months. "Presently, we have an annual capacity of 9 lakh sets and also utilize 10,000 people. We intend to multiply this in the following 3-4 years," he stated. Discussing the expenditure, Ganguly included that the business will spend Rs 300 - 400 crore in developing these abilities." We're likewise building even more performance in our procedures. We are boosting our technological capabilities and also automation in making procedures. Our experts are actually committing considering that our team may find the growth of the category and also the activity of making to India." Started in 2008, the company makes shoes for global labels including Adidas, The Puma Corporation, New Equilibrium, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks and also United States Polo. Mochiko will definitely additionally make shoes for the Italian brand name Lotto, for which Agilitas acquired the licence previously this year.In FY23, Mochiko disclosed an income of Rs 640 crore. Ganguly shared that the firm shut FY24 at Rs 730 - 740 crore income and performs track to come to be a Rs 1,000 crore company through FY25.
Released On Sep 9, 2024 at 02:53 PM IST.
Sign up with the area of 2M+ business specialists.Register for our bulletin to get most up-to-date knowledge & review.
Download And Install ETRetail App.Receive Realtime updates.Conserve your favourite short articles.
Check to download and install Application.