Logistic player NIDO Group targets Rs 700 crore revenue by FY 27
Logistics automation player, NIDO Group India has said that it is aiming to reach revenues of Rs 700 crore in the next four years by March 2027. The company also said that it plans to expand its reach in smaller markets towns.
“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 to cross our revenue targets of over Rs 700 crore in the near future," Nirav Doshi, NIDO Group's MD, said.
The company recently launched ASTRO ecosystem for warehouse automation across diverse industries, including direct-to-consumer, third-party logistics, e-commerce and the last-mile delivery industries.
“The integration of automated guided vehicles, autonomous mobile robots, and robotic pickers has enhanced efficiency, reduced labour costs, and enabled 24X7 operations, significantly boosting productivity. Warehouse Management Systems (WMS) have revolutionized warehouse management.
These systems offer real-time visibility into inventory, order status, and performance metrics. They optimize order fulfillment, minimize errors, and enable more accurate demand forecasting. The Internet of Things (IoT) is another game-changer.
IoT sensors and devices monitor goods’ condition and location, aiding inventory management, preventive maintenance, and safety improvements. Artificial Intelligence (AI) and machine learning are crucial through predictive analytics, route optimization, and inventory management. These technologies enhance decision-making and operational efficiency,” Nirav added.
NIDO Group operates in three
