.New Delhi: Former Puma India-MD Abhishek Ganguly, who in 2014 obtained B2B sports shoes manufacturer Mochiko under his athleisure damage startup Agilitas Sports, organizes to increase Mochiko's production capability over the next 3-4 years.Talking to ETRetail, Ganguly discussed that the provider is actually creating a large resource for Mochiko in Noida which is assumed to come to be operational in the upcoming 2 months, complied with by one more development system in South India in the upcoming 6-8 months. "Currently, our experts have an annual capacity of 9 lakh sets and also utilize 10,000 folks. Our experts would like to double this in the upcoming 3-4 years," he pointed out. Talking about the expenditure, Ganguly included that the firm will definitely commit Rs 300 - 400 crore in building these capacities." Our experts're also developing more productivity in our processes. Our experts are actually enriching our technological capacities and also automation in producing methods. We are putting in since we may view the growth of the type and also the action of manufacturing to India." Begun in 2008, the business manufactures footwear for international companies like Adidas, Puma, New Harmony, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks as well as US Shirt. Mochiko is going to additionally make shoes for the Italian label Lottery, for which Agilitas got the permit earlier this year.In FY23, Mochiko stated a revenue of Rs 640 crore. Ganguly shared that the firm shut FY24 at Rs 730 - 740 crore revenue as well as performs monitor to become a Rs 1,000 crore agency through FY25.
Posted On Sep 9, 2024 at 02:53 PM IST.
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