Bengaluru, May 10th, 2023: Embarking on its journey to become a billion-dollar company by the end of December 2024, NIBAV Home Lifts, India’s largest home lift brand, today announced the expansion of its India-made home lift manufacturing operations. The company has announced the launch of its fourth manufacturing facility, spread across 50,000 Sq.Ft. and located in Akkarai on ECR – Chennai, which will accommodate new state-of-the-art home elevator production equipment with the world’s most advanced technology. The additional manufacturing capacity will allow NIBAV to increase the supply of its Indian-made European standard home lifts to 14 foreign countries, while India continues to be a primary market.
NIBAV Home Lifts also announced its ongoing recruitment plans of adding over 4,500 employees by the end of December 2023, taking the total headcount to 6000. While expanding the company’s ECO network (Experience Centre and Office) in India and worldwide will drive most of this recruitment, the newly opened high-tech corporate office, four manufacturing facilities, and 2 R&D centers in Chennai will also be further strengthened with the addition of the industry’s best talent pool.
Commenting on the occasion, Mr. Vimal R. Babu, CEO and Founder of NIBAV Home Lifts said, “Right from its inception in December 2019, NIBAV Home Lifts has seen strong business growth. While we have grown from the sales value of Rs. 150 crores in 2021 to Rs. 400 crores in 2022, we have already crossed the product sales milestone of 1000 lifts in Q1 of this calendar year 2023. Our international expansion started in the year 2022, is proof that we can deliver exactly what homeowners need when it comes to in-home mobility solutions, and we are confident that the new manufacturing unit will accelerate the company’s growth in the global home lift segment too. With the demand for in-home mobility solutions increasing worldwide and the growing preference for Indian-made products, we are aiming to emerge as the number one home lift-selling brand in the world by December 2024 and mark our entry into a billion-dollar revenue club in a more meaningful manner.”
Commenting on the recruitment plans, he added, “We have been witnessing a great customer demand for NIBAV’s home elevators not just in India but from countries such as Canada, Switzerland, Australia, Malaysia, Thailand, and elsewhere. To cater to this demand, we have already strengthened our core HR team and are now in the process of on-boarding a global staffing firm to welcome over 4500 industry-best minds joining the NIBAV family. With over 6000 NIBAVians by the end of the current calendar year 2023, we will further establish our market leadership in countries with the largest number of older adults and stay committed to enhancing the in-home mobility experiences for homeowners by providing the world’s best and safest Indian-made home lifts.”
As part of these two announcements at a press conference, NIBAV Home Lifts also unveiled its latest home elevator product – SERIES 3 MAX. The SERIES 3 MAX lift is the world’s largest in-home lift product that covers G+3 with a capacity of 240 KG and is designed with enhanced safety features, improved energy efficiency, and a sleek, modern design. With this new product, NIBAV Home Lifts is setting a new standard of excellence in the industry, and customers can look forward to a superior user experience.
Engineered to European standards, NIBAV has been installing pneumatic in-home elevators that transformed the quality of life in every home – allowing homeowners to embrace the sustainable eco-friendly home lift, safely enter and exit for those using a wheelchair or walking frame, those wishing to travel with loved ones, affected by a reduction in mobility, recovery from a medical procedure, retirement, disability or suffering with severe asthma. Nibav’s patented home elevators use less power than conventional hydraulic systems and with industry-leading features such as Zero Civil Work, Self-Supporting Structure, Grease Less Technology, and Wheelchair Compatibility.