.New Delhi: Former The Puma Corporation India-MD Abhishek Ganguly, who last year obtained B2B sports footwear producer Mochiko under his athleisure damage startup Agilitas Athletics, plans to increase Mochiko's development capacity over the upcoming 3-4 years.Talking to ETRetail, Ganguly shared that the business is actually building a sizable location for Mochiko in Noida which is actually anticipated to end up being operational in the upcoming 2 months, observed by yet another production unit in South India in the next 6-8 months. "Presently, our company have an annual capacity of 9 lakh pairs and work with 10,000 people. We want to increase this in the next 3-4 years," he said. Talking about the financial investment, Ganguly incorporated that the provider will commit Rs 300 - 400 crore in creating these capacities." Our team are actually also building more effectiveness in our processes. Our company are boosting our technical capacities and also hands free operation in making procedures. Our experts are actually spending given that our team can view the development of the category and also the action of producing to India." Started in 2008, the firm creates shoes for international companies like Adidas, Puma, New Equilibrium, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks as well as United States Shirt. Mochiko will definitely also make shoes for the Italian brand Lotto, for which Agilitas acquired the driver's licence earlier this year.In FY23, Mochiko reported an earnings 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.
Released On Sep 9, 2024 at 02:53 PM IST.
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