.New Delhi: Former The Puma Corporation India-MD Abhishek Ganguly, that in 2013 got B2B sports footwear manufacturer Mochiko under his athleisure wear start-up Agilitas Sports, intends to double Mochiko's production ability over the following 3-4 years.Talking to ETRetail, Ganguly discussed that the business is constructing a big location for Mochiko in Noida which is anticipated to end up being operational in the next 2 months, followed through an additional production system in South India in the next 6-8 months. "Presently, we have a yearly capability of 9 lakh pairs as well as employ 10,000 people. Our company would like to multiply this in the upcoming 3-4 years," he said. Talking about the assets, Ganguly incorporated that the firm will certainly invest Rs 300 - 400 crore in building these abilities." Our experts're additionally developing more productivity in our procedures. We are boosting our technological capabilities and also hands free operation in producing procedures. Our company are actually committing since we can easily see the growth of the category and also the movement of manufacturing to India." Begun in 2008, the firm produces shoes for worldwide labels such as Adidas, The Puma Corporation, New Harmony, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks and also United States Polo. Mochiko will likewise manufacture footwear for the Italian brand Lottery, for which Agilitas got the driver's licence earlier this year.In FY23, Mochiko reported an income of Rs 640 crore. Ganguly shared that the company shut FY24 at Rs 730 - 740 crore profits and also is on track to come to be a Rs 1,000 crore firm by FY25.
Published On Sep 9, 2024 at 02:53 PM IST.
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