.New Delhi: Former The Puma Corporation India-MD Abhishek Ganguly, who last year acquired B2B sporting activities footwear maker Mochiko under his athleisure wear and tear start-up Agilitas Sports, intends to double Mochiko's production capability over the next 3-4 years.Talking to ETRetail, Ganguly shared that the company is developing a huge facility for Mochiko in Noida which is assumed to come to be working in the upcoming 2 months, adhered to by one more development unit in South India in the next 6-8 months. "Currently, our team have an annual ability of 9 lakh sets and employ 10,000 folks. We intend to increase this in the upcoming 3-4 years," he pointed out. Discussing the financial investment, Ganguly added that the company will invest Rs 300 - 400 crore in creating these capacities." Our experts are actually also creating more performance in our processes. Our team are boosting our specialized functionalities as well as automation in manufacturing procedures. We are committing given that our experts can easily view the growth of the type as well as the action of manufacturing to India." Begun in 2008, the company makes footwear for global companies like Adidas, Puma, New Balance, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks as well as US Polo. Mochiko will definitely also make footwear for the Italian brand name Lotto, for which Agilitas got the driver's licence previously this year.In FY23, Mochiko stated an earnings of Rs 640 crore. Ganguly discussed that the company finalized FY24 at Rs 730 - 740 crore income and also is on keep track of to come to be a Rs 1,000 crore company through FY25.
Posted On Sep 9, 2024 at 02:53 PM IST.
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