NIDO Group Expands to 12 New Markets
ECONOMY & POLICY

NIDO Group Expands to 12 New Markets

NIDO Group, a leading manufacturer, system integrator, and solutions provider for intralogistics mechanization and automation, has announced its expansion into 12 new markets across India. The group's primary focus remains on delivering automation solutions tailored to the needs of Tier II and Tier III cities, reflecting a strategic move to address the burgeoning demand for efficient logistics solutions in emerging markets.

In the past six months alone, NIDO Group has successfully onboarded 30 new clients and integrated 40 new brands into its portfolio. The company's commitment to innovation and customer-centric solutions is evident as it prepares to deploy cutting-edge technologies, including sorting and fulfillment, profiling, and smart conveyor solutions.

The group will introduce its sorting and fulfillment solution named ASTRO to clients in key cities such as Kanpur, Agra, Tiruchi, Guwahati, Ludhiana, and Visakhapatnam. These clients represent diverse sectors including e-commerce, direct-to-consumer (D2C), ePharmacy, cosmetics, retail, manufacturing, and cross-border express industries.

Commenting on the expansion, Nirav Doshi, Managing Director at NIDO Group, highlighted the significant surge in demand for warehouse automation witnessed in 2023, particularly in India's emerging markets. "With the sale of over 5 million square feet of warehousing space in 2023, a clear business opportunity arose for warehouse automation across these markets," said Doshi, underlining the strategic importance of the company's expansion efforts.

Despite challenges within the broader industry landscape, NIDO Group has demonstrated resilience and innovation, resulting in a remarkable 10% increase in topline figures. Doshi emphasized the company's ambitious target of achieving Rs 7 billion in revenue by the financial year 2027-28, driven by a steadfast commitment to delivering value-added solutions to its expanding client base.

Looking ahead, the group aims to onboard an additional 100 clients and brands in the financial year 2024-25, further solidifying its position as a frontrunner in the intralogistics automation sector. With a focus on Tier II and Tier III cities, NIDO Group continues to spearhead innovation and transformation within India's logistics landscape, catering to the evolving needs of businesses across diverse industries.

NIDO Group, a leading manufacturer, system integrator, and solutions provider for intralogistics mechanization and automation, has announced its expansion into 12 new markets across India. The group's primary focus remains on delivering automation solutions tailored to the needs of Tier II and Tier III cities, reflecting a strategic move to address the burgeoning demand for efficient logistics solutions in emerging markets. In the past six months alone, NIDO Group has successfully onboarded 30 new clients and integrated 40 new brands into its portfolio. The company's commitment to innovation and customer-centric solutions is evident as it prepares to deploy cutting-edge technologies, including sorting and fulfillment, profiling, and smart conveyor solutions. The group will introduce its sorting and fulfillment solution named ASTRO to clients in key cities such as Kanpur, Agra, Tiruchi, Guwahati, Ludhiana, and Visakhapatnam. These clients represent diverse sectors including e-commerce, direct-to-consumer (D2C), ePharmacy, cosmetics, retail, manufacturing, and cross-border express industries. Commenting on the expansion, Nirav Doshi, Managing Director at NIDO Group, highlighted the significant surge in demand for warehouse automation witnessed in 2023, particularly in India's emerging markets. With the sale of over 5 million square feet of warehousing space in 2023, a clear business opportunity arose for warehouse automation across these markets, said Doshi, underlining the strategic importance of the company's expansion efforts. Despite challenges within the broader industry landscape, NIDO Group has demonstrated resilience and innovation, resulting in a remarkable 10% increase in topline figures. Doshi emphasized the company's ambitious target of achieving Rs 7 billion in revenue by the financial year 2027-28, driven by a steadfast commitment to delivering value-added solutions to its expanding client base. Looking ahead, the group aims to onboard an additional 100 clients and brands in the financial year 2024-25, further solidifying its position as a frontrunner in the intralogistics automation sector. With a focus on Tier II and Tier III cities, NIDO Group continues to spearhead innovation and transformation within India's logistics landscape, catering to the evolving needs of businesses across diverse industries.

Next Story
Infrastructure Urban

MoHUA Plans New Role for Smart City SPVs

In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM). This marks a step toward sustaining urban transformation by leveraging institutional capabilities and infrastructure developed over the past decade.Initiated in 2015, the Smart Cities Mission introduced a new era of urban planning in India, with each of the 100 selected cities forming SPVs under the Companies Act, 2013. These entities, jointly owned by state government..

Next Story
Infrastructure Urban

ADB Approves $110 Million Loan to Boost Skills in Gujarat

The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat’s efforts to become a global industrial hub by developing a future-ready, skilled workforce.The funding will back the Gujarat skills development programme, led by the Department of Labour, Skill Development and Employment in collaboration with Kaushalya: The Skill University (KSU). The initiative aims to equip the workforce with advanced, industry-aligned skills to meet rising employment demand in high-growth sectors.According to ADB, the programme seeks to strengthen in..

Next Story
Infrastructure Urban

SDAL Tests Rudrastra UAV and Bhargavastra Defence System

Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with Indian Army performance benchmarks for mission adaptability, high endurance, precision engagement, and vertical take-off and landing (VTOL) capability.The trial marks a notable achievement in India’s Aatmanirbhar Bharat initiative, underscoring advancements in home-grown military technology. The Rudrastra UAV demonstrated a mission radius exceeding 50 km with uninterrupted video relay, a total operational range of over..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?