Nibav Home Lifts, a Chennai-based manufacturer of home elevators, on Monday launched its fourth facility in Chennai to meet its export demand. 

Started in 2019, Nibav Home Lifts manufactures pneumatic vacuum elevators, which have a cylindrical vertical shaft and a car that is operated by controlling air pressure. 

The 50,000 sq ft facility is located on East Coast Road (ECR). The company also has two R&D centres in Chennai. 

The additional manufacturing capacity will allow it to supply more its Indian-made European standard home lifts to 14 countries, the company said.  

Vimal R Babu, CEO and founder of Nibav Home Lifts, said the company’s sales increased from ₹150 crore in 2021 to ₹400 crore in 2022; it crossed the product milestone of 1,000 lifts in Q1 CY 2023. 

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Nibav Home Lifts also announced it would recruit over 4,500 employees by the end of December 2023, taking the headcount to 6,000.