Sportswear and athleisure solutions platform Agilitas Sports 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, positions 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 Abhishek Ganguly, CEO and Co-Founder, Agilitas Sports.
Established in 2008 by Virender Awal and a co-founding team of five members, Mochiko Shoes registered a revenue of INR 642 crore in FY23, and is estimated to grow by 30 pc y-o-y. Virender Awal, Founder and CEO of Mochiko Shoes Pvt Ltd, said, “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 5-6 years, adding jobs and livelihood.”
Mochiko Shoes is a manufacturing partner for international brands such as Adidas, Puma, New Balance, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks, and US Polo, among others.
It is also the first sports footwear manufacturer in India to receive BIS licence, and is compliant to 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.
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