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NIDO Group targets Rs 700 crore revenue by FY 27

By Guest Author,

Added 04 December 2023

The company has recently disrupted the warehouse automation industry by launching its revolutionary ASTRO ecosystem.

NIDO Group, one of the fastest-growing intralogistics automation players in India, is aiming to reach revenues of Rs 700 crore by March 2027. The company has recently disrupted the warehouse automation industry by launching its revolutionary ASTRO ecosystem.

Nirav Doshi, Managing Director, NIDO Group, said, "While the majority of NIDO Group's revenues come from Tier 1 markets, we are now witnessing some strong demand from warehouses based in smaller towns of the country. By expanding our reach to markets such as Amritsar, Bhopal, Bhubaneshwar, Agra, Dibrugarh, Tiruchi, etc., we are confident of crossing our revenue targets of over Rs 700 crore in the future."

The logistics industry will experience game-changing growth in Tier 2 and Tier 3 cities and beyond due to e-commerce's emergence and the Internet's accessibility in rural markets. "Our focus is to target these hyper-local markets and give them access to a seamless warehouse management ecosystem to propel their business to the next level."

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