Virat Kohli’s stake in sportswear company Agilitas Sports has increased from 1.8% to 6.4% following the merger of his sportswear brand One8 with the Bengaluru-based company. The merger, approved by the Mumbai bench of the National Company Law Tribunal (NCLT), brings One8 into Agilitas’ business structure and gives the brand access to the company’s manufacturing, product development and retail capabilities.
Kohli had previously invested ₹40 crore in Agilitas, and the increase in his shareholding did not involve a fresh investment. The integration is part of Agilitas’ ambition to build a major sportswear business originating in India. The company is targeting a ₹2,000–3,000 crore business for One8 over the next four to six years, with plans to enter additional international markets and expand into new sporting categories.
Key Takeaways
- Virat Kohli’s stake in Agilitas Sports increased from 1.8% to 6.4%.
- The increase followed the NCLT-approved merger of One8 Sports with Agilitas.
- Kohli had previously invested ₹40 crore in Agilitas; he did not make a fresh investment for the stake increase.
- One8 will gain access to Agilitas’ manufacturing, design, research and retail infrastructure.
- Agilitas targets a ₹2,000–3,000 crore business for One8 over four to six years.
- One8 plans to expand into the US, UK, Canada and Australia.
- Agilitas reported revenue of nearly ₹1,400 crore in FY26 and expects ₹1,800–1,900 crore in FY27.
- The company plans to expand its Sports Yard retail network and raise additional equity capital.
Why Has Virat Kohli’s Stake in Agilitas Sports Increased?
The increase in Kohli’s ownership is directly connected to the merger of One8 Sports Private Limited with Agilitas Sports Private Limited.
Before the merger, Kohli held approximately 944,400 shares in Agilitas, representing a 1.8% stake. His investment of ₹40 crore was made at a reported company valuation of approximately ₹3,100 crore.
Following the merger, his shareholding increased to 6.4%. The change reflects the restructuring of ownership through the integration of One8 into Agilitas rather than an additional cash investment by Kohli.
The transaction was approved by the Mumbai bench of the National Company Law Tribunal.
| Particulars | Details |
|---|---|
| Investor | Virat Kohli |
| Company | Agilitas Sports |
| Earlier stake | 1.8% |
| Revised stake | 6.4% |
| Previous investment | ₹40 crore |
| Fresh investment for stake increase | No |
| Merger | One8 Sports with Agilitas Sports |
| Approval | Mumbai bench of NCLT |
Kohli will continue as One8’s co-founder and remain involved in developing the brand.
The revised shareholding also makes him Agilitas’ second-largest individual shareholder after co-founder and CEO Abhishek Ganguly, according to media reports.
What Does the One8 and Agilitas Merger Mean?
The merger brings together Kohli’s sportswear brand and Agilitas’ broader manufacturing and retail ecosystem.
One8 has built its identity around sportswear and lifestyle products associated with Kohli. However, scaling a sportswear brand requires more than celebrity recognition. It also requires product design, manufacturing capacity, distribution, retail infrastructure and research capabilities.
Agilitas already operates across several parts of the sportswear value chain. Integrating One8 into this business gives the brand access to resources that could help it expand its product range and distribution.
Capabilities One8 gains through the merger
| Business capability | Potential benefit for One8 |
|---|---|
| Product development | Development of new sportswear products |
| Design | Improved product design and differentiation |
| Research and development | Investment in materials and performance technology |
| Manufacturing | Access to established production capabilities |
| Retail | Expansion through physical retail outlets |
| Brand building | Support for domestic and international expansion |
Agilitas co-founder and CEO Abhishek Ganguly said the integration would allow One8 to use the company’s wider ecosystem, including manufacturing, design, research and retail capabilities.
The company also plans to open exclusive brand outlets under the One8 name.
Agilitas Targets ₹2,000–3,000 Crore Business for One8
Agilitas has set an ambitious revenue target for One8.
The company aims to build the brand into a ₹2,000–3,000 crore business over the next four to six years.
The target reflects its expectation that One8 can grow beyond its existing product categories and reach customers in international markets.
The expansion strategy includes:
- Entering additional sporting categories.
- Building exclusive One8 retail stores.
- Expanding distribution in international markets.
- Using Agilitas’ manufacturing and product development infrastructure.
- Investing in brand building and customer reach.
The company is considering expansion into the United States, the United Kingdom, Canada and Australia, either directly or through distribution partners.
These are business targets and plans, not confirmed future revenue. Their achievement will depend on product demand, distribution, competition and the company’s ability to establish One8 in new markets.
Who Is Behind Agilitas Sports?
Agilitas Sports was founded in 2023 by Abhishek Ganguly, former managing director of Puma India and Southeast Asia, along with former Puma executives Atul Bajaj and Amit Prabhu.
The company is building an integrated sportswear business that combines manufacturing, brands and retail.
Its portfolio includes:
One8: The sportswear brand associated with Virat Kohli, now being integrated into Agilitas’ wider business.
Lotto: An Italian sportswear brand for which Agilitas has secured a long-term licence to manufacture and sell products in India and selected international markets.
Mochiko Shoes: A sports footwear manufacturing business that produces products for several international and domestic brands.
Sports Yard: A multi-brand sports retail format through which the company sells products to consumers.
This combination gives Agilitas exposure to different parts of the sportswear market rather than relying on a single consumer brand.
Agilitas’ Manufacturing Business Supplies Global Brands
One of Agilitas’ important businesses is Mochiko Shoes, which manufactures sports footwear for several well-known brands.
Its manufacturing relationships include:
- Adidas
- Puma
- New Balance
- Skechers
- Reebok
- Asics
- Crocs
- Decathlon
- Clarks
- US Polo
This manufacturing experience could help Agilitas develop its own brands by drawing on existing production capabilities and industry knowledge.
The company is also expanding its consumer-facing retail operations through Sports Yard.
Agilitas plans to open 10 additional Sports Yard stores over the six months following its October 2026 announcement. It also plans to launch a third brand, although the company has not disclosed all the details.
Agilitas Revenue Growth and Future Funding Plans
Agilitas reported revenue of nearly ₹1,400 crore in FY26. The company expects revenue to cross ₹1,800–1,900 crore in FY27.
The business is also preparing to raise additional equity capital through a private funding round to support expansion across manufacturing, retail and brand building.
Its previous funding history includes investments from funds advised by Convergent Finance and Nexus Venture Partners. In June 2026, Agilitas raised another ₹225 crore from Nexus Venture Partners and Rainmatter, the investment arm of Zerodha.
| Business indicator | Reported details |
|---|---|
| Agilitas founding year | 2023 |
| FY26 revenue | Nearly ₹1,400 crore |
| FY27 revenue expectation | ₹1,800–1,900 crore |
| One8 revenue ambition | ₹2,000–3,000 crore |
| One8 target timeline | Four to six years |
| June 2026 funding | ₹225 crore |
| Planned Sports Yard additions | 10 stores over six months |
The FY27 revenue figure is a company expectation, not a completed financial result. Similarly, the One8 target represents a longer-term ambition rather than a confirmed order book or current revenue.
Why India’s Sportswear Market Matters
Agilitas is entering a competitive market dominated by international sportswear companies and established Indian brands.
Global businesses such as Nike, Adidas and Puma have built strong positions through product innovation, sponsorships, distribution and brand recognition.
India offers an opportunity for domestic companies to develop sportswear brands with access to a large consumer market and growing interest in fitness, running and organised sports.
Agilitas is attempting to build a business that combines manufacturing capabilities with consumer-facing brands. Its approach is different from simply launching a celebrity-backed label because the company is also investing in the infrastructure needed to develop and distribute products.
The One8 integration could give the brand access to this wider platform. However, competing internationally will require consistent product quality, competitive pricing and a strong retail and distribution network.
The Bigger Picture
The One8 merger represents a shift from a sportswear brand built around a prominent sporting personality towards a more integrated business backed by manufacturing, product development and retail capabilities. Kohli’s increased stake gives him a larger ownership position in Agilitas, while the company gains an established brand and an opportunity to expand its consumer business.
For Agilitas, the challenge is to turn its manufacturing experience and growing portfolio into successful consumer brands. Its revenue ambitions, planned retail expansion and international ambitions indicate a long-term strategy, but execution will determine whether One8 can become a major sportswear business beyond its association with Kohli.
Looking Ahead
The next phase will involve expanding One8’s product categories, opening exclusive stores and building distribution in international markets. Agilitas’ planned funding round could provide additional capital for these initiatives, while its manufacturing and retail operations will support the brand’s expansion.
Investors and the sportswear industry will be watching whether One8 can convert its brand recognition into sustained sales and whether Agilitas can meet its revenue ambitions. The merger provides the business infrastructure for expansion, but establishing a durable global sportswear brand will require long-term investment and consistent execution.
Frequently Asked Questions
1. What is Virat Kohli’s stake in Agilitas Sports now?
Virat Kohli’s stake has increased from 1.8% to 6.4% following the merger of his One8 sportswear business with Agilitas Sports.
2. Did Virat Kohli invest additional money to increase his stake?
No. Kohli had previously invested ₹40 crore in Agilitas. His increased shareholding resulted from the merger and did not involve a fresh investment for the stake increase.
3. What is the One8 and Agilitas merger?
The merger integrates One8 Sports Private Limited with Agilitas Sports, giving One8 access to Agilitas’ product development, manufacturing, research, design and retail capabilities.
4. What is Agilitas’ revenue target for One8?
Agilitas aims to build One8 into a ₹2,000–3,000 crore business over the next four to six years.
5. Which international markets does One8 plan to enter?
The brand is considering expansion into the United States, the United Kingdom, Canada and Australia, either directly or through distribution partners.
6. Who founded Agilitas Sports?
Agilitas Sports was founded in 2023 by former Puma India and Southeast Asia managing director Abhishek Ganguly, along with former Puma executives Atul Bajaj and Amit Prabhu.
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