Chennai, May 8: Eyeing to become a billion-dollar company by the end of December 2024, NIBAV Home Lifts, India’s largest home lift brand, today launched its fourth manufacturing facility in Chennai.
The facility, spread across 50,000 sqft and located in Akkarai on ECR in Chennai, 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 recently expanded 14 foreign countries, while India continues to be a primary market.
The company 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 best talent pool, a company release said.