Mumbai: Agilitas Sports, innovation-led sportswear and Athleisure solutions platform, co-founded by Abhishek Ganguly, ex-MD, Puma (India & South-East Asia), has in a significant move, announced the acquisition of Mochiko Shoes Pvt Ltd, India’s largest sports footwear manufacturer for the domestic market.
“This acquisition augments Agilitas’ value proposition, by strengthening our supply chain in the rapidly growing sports footwear market. Mochiko’s manufacturing capabilities, operational excellence and strategic partnerships with leading global giants position us to address the government’s clarion call to ‘Make in India’, and to cater to the rising aspirations of an economic superpower, with the largest youth population”, said Agilitas Sports CEO & co-founder Abhishek Ganguly.
Established in 2008, by Virender Awal and a co-founding team of five members, Mochiko Shoes registered a revenue of Rs 642 crore in FY2023 and is estimated to grow by 30 per cent, year-on-year (Y-o-Y).
Mochiko Shoes Pvt. Ltd. founder & CEO Virender Awal spoke about the acquisition, “Joining the Agilitas family propels our ambitions. We are now poised to enhance long-term investments, addressing the soaring demand in the Sports and Athleisure footwear sector. We envision multi-fold and multifaceted growth in our business over the next five-six years, adding jobs and livelihood.”
Today, Mochiko Shoes is a manufacturing partner to leading international brands, such as Adidas, Puma, New Balance, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks, US Polo, among others.
With fully integrated, end-to-end manufacturing capabilities, Mochiko is the first sports footwear manufacturer in India to receive a BIS licence, and is fully compliant with the soon-to-be-implemented Quality Control Orders (QCOs), by the Government of India. Additionally, all its units are ISO 9001, 14001 and 45001 certified.
The company has manufacturing units located in Dehradun and Rishikesh (Uttarakhand) as well as in the National Capital Region (NCR), of Noida. Mochiko employs nearly 10,000 individuals, across the length and breadth of its operations.
The founding team of Agilitas Sports comprises Abhishek Ganguly, the former Managing Director of PUMA India and South East Asia, Atul Bajaj, the former executive director of sales and operations of PUMA India, and Amit Prabhu, former executive director and chief financial officer of PUMA India.
