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Footwear supplier Mochiko to dual creation capacity with Rs 300-400 cr assets, ET Retail

.New Delhi: Former The Puma Corporation India-MD Abhishek Ganguly, who in 2015 acquired B2B sports shoes supplier Mochiko under his athleisure damage start-up Agilitas Sports, intends to double Mochiko's manufacturing capacity over the upcoming 3-4 years.Talking to ETRetail, Ganguly shared that the firm is building a sizable location for Mochiko in Noida which is actually anticipated to come to be operational in the upcoming 2 months, followed through another development unit in South India in the next 6-8 months. "Currently, our experts possess an annual capacity of 9 lakh pairs and hire 10,000 individuals. Our team desire to multiply this in the upcoming 3-4 years," he stated. Talking about the financial investment, Ganguly added that the business will invest Rs 300 - 400 crore in creating these abilities." Our experts are actually also building additional effectiveness in our procedures. Our company are boosting our technological abilities as well as hands free operation in producing procedures. Our experts are putting in since we may view the development of the group and also the action of producing to India." Started in 2008, the firm produces footwear for global brands like Adidas, Puma, New Harmony, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks and also US Shirt. Mochiko is going to also manufacture shoes for the Italian company Lotto, for which Agilitas obtained the driver's licence previously this year.In FY23, Mochiko mentioned an income of Rs 640 crore. Ganguly discussed that the company closed FY24 at Rs 730 - 740 crore income as well as is on monitor to become a Rs 1,000 crore organization by FY25.
Posted On Sep 9, 2024 at 02:53 PM IST.




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