.New Delhi: Former The Puma Corporation India-MD Abhishek Ganguly, that in 2013 obtained B2B sports footwear maker Mochiko under his athleisure wear and tear startup Agilitas Athletics, intends to increase Mochiko's production capacity over the next 3-4 years.Talking to ETRetail, Ganguly shared that the company is actually creating a large facility for Mochiko in Noida which is assumed to become working in the next 2 months, adhered to through another creation system in South India in the following 6-8 months. "Currently, we possess a yearly ability of 9 lakh sets and also employ 10,000 people. Our experts would like to increase this in the next 3-4 years," he said. Talking about the expenditure, Ganguly included that the business is going to put in Rs 300 - 400 crore in constructing these capacities." Our company're additionally constructing even more productivity in our procedures. Our experts are improving our technical functionalities and also computerization in creating processes. We are spending due to the fact that our company can see the growth of the type as well as the movement of producing to India." Begun in 2008, the business makes shoes for worldwide companies including Adidas, Puma, New Equilibrium, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks and also United States Shirt. Mochiko will certainly also manufacture footwear for the Italian company Lottery, for which Agilitas got the driver's licence previously this year.In FY23, Mochiko disclosed a revenue of Rs 640 crore. Ganguly shared that the company finalized FY24 at Rs 730 - 740 crore revenue as well as performs track to end up being a Rs 1,000 crore agency by FY25.
Posted On Sep 9, 2024 at 02:53 PM IST.
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