Columns

Footwear manufacturer Mochiko to double development capability with Rs 300-400 cr expenditure, ET Retail

.New Delhi: Former Puma India-MD Abhishek Ganguly, that in 2014 obtained B2B sports footwear producer Mochiko under his athleisure wear and tear startup Agilitas Sports, plans to double Mochiko's development capacity over the following 3-4 years.Talking to ETRetail, Ganguly shared that the company is actually constructing a big resource for Mochiko in Noida which is anticipated to end up being functional in the next 2 months, adhered to through another development system in South India in the upcoming 6-8 months. "Presently, our experts possess an annual capacity of 9 lakh pairs and also hire 10,000 folks. Our company desire to double this in the following 3-4 years," he said. Commenting on the investment, Ganguly added that the provider is going to commit Rs 300 - 400 crore in creating these abilities." Our company are actually additionally constructing additional performance in our processes. Our experts are actually enhancing our technological capabilities and automation in producing methods. Our team are putting in due to the fact that we may see the growth of the group and the activity of manufacturing to India." Begun in 2008, the provider creates footwear for global companies like Adidas, The Puma Corporation, New Equilibrium, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks as well as US Shirt. Mochiko will certainly additionally manufacture shoes for the Italian label Lotto, for which Agilitas got the driver's licence previously this year.In FY23, Mochiko reported a revenue of Rs 640 crore. Ganguly shared that the firm finalized FY24 at Rs 730 - 740 crore revenue and also is on track to come to be a Rs 1,000 crore company through FY25.
Released On Sep 9, 2024 at 02:53 PM IST.




Sign up with the neighborhood of 2M+ field experts.Subscribe to our bulletin to obtain newest understandings &amp review.


Install ETRetail Application.Receive Realtime updates.Save your preferred short articles.


Scan to download App.