Kolkata : Virat Kohli ends 8 years terms and rejects new INR 300 cr contract with German sportswear Puma.
The reason is Kohli has invested in Indian sportswear start-up Agilitas and will serve as both co-creator and brand ambassador, industry sources said.
Instead of renewing the deal, Kohli has chosen to own a stake in Agilitas—a firm backed by Abhishek Ganguly, the former Managing Director of Puma India and South-East Asia. Sources said Kohli’s investment in Agilitas is substantial, although exact figures remain undisclosed.
A formal announcement regarding Kohli’s association with Agilitas is expected within the next three months. The brand, which was founded in 2023, is currently preparing to launch and expand its retail presence through One8 stores, sources said.
One8, the brand registered by Kohli in 2016, was earlier a collaborative venture with Puma and had generated business worth around Rs 250 crore. Under ‘Puma One8’, the brand featured an exclusive range of merchandise.
Now, Kohli aims to take One8 global, opening standalone stores and targeting markets such as the US and the UK. His role will remain central—as the face of the brand and a key collaborator in product creation.
“It was a wonderful association with him spanning over several years, many outstanding campaigns and path-breaking product collaborations,” Puma said in a statement earlier this week, confirming the end of their partnership and wishing Kohli success in his new ventures.
In 2017, Kohli had signed a nearly Rs 110 crore contract with Puma, which at the time was among the highest brand endorsement deals in Indian sports history.
In a major step toward bolstering its manufacturing capabilities, Agilitas Sports in 2023 acquired Mochiko Shoes, the country’s largest domestic sports footwear manufacturer. The deal amount remains undisclosed.
Agilitas also raised Rs 600 crore in its first year from Convergent Finance, Nexus Venture Partners and an additional Rs 30 crore from individual investors.
