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Home liftmaker Nibav in talks with global PE firms to raise $100 mn by Nov

Home liftmaker Nibav in talks with global PE firms to raise $100 mn by Nov
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Nibav Lifts moves its office space to a 3-storey building in Neelankarai

Chennai (Tamil Nadu) [India], September 29 (ANI/NewsVoir): Nibav Home Elevators, a leading Elevator company known to produce the best vacuum lifts, today announced the company is expanding its Chennai presence with a new downtown office within the city premises. In addition, the company released its Lift Showroom, showcasing the manufacturing facilities of its best-known Elevators. Having its Headquarters in Chennai, Nibav Home Elevators has 16 branches across the country. Today, the company is moving to the heart of the city with room for rising headcount of over 600 employees. This office expansion is due to the rapid business growth in the previous year. From the first half of 2021, the company's sales have gone up by 5x times. "We at Nibav are looking at this expansion as a calculated organic growth. The three-storeyed premises along with a spacious parking area of 6000 square feet attracts all employees to experience this new location. Post pandemic, this all-new space ca

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