NIDO Group Expands to 12 New Markets

26 Mar 2024 CW Team

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.

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