SafeStorage Expands Reach Across 8 Cities, Secures Strong Financial Performance in FY22-23

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SafeStorage Expands Reach Across 8 Cities, Secures Strong Financial Performance in FY22-23
SafeStorage Expands Reach Across 8 Cities, Secures Strong Financial Performance in FY22-23

Chennai, 23rd November 2023 – SafeStorage®, India’s leading storage solution provider, proudly announces its yearly results for the fiscal year 2022-2023, highlighting a remarkable turnover of 33 crores. The company has maintained consistent turnover and customer growth, solidifying its position in the market.

As the demand for storage units surged due to unrealistic rental hikes across metropolitan cities, SafeStorage emerged as the preferred choice for individuals and businesses seeking reliable storage solutions. The company witnessed an impressive surge in demand, receiving over 3000 enquiries per month, signifying the increased adoption of storage units as the new norm.

SafeStorage commitment to offering secure and convenient storage solutions has allowed it to expand its footprint across eight major cities in India, including Bangalore, Hyderabad, Chennai, Pune, Mumbai, Delhi, Noida, and Gurugram. The company’s presence in these key cities ensures accessibility and convenience for customers seeking trustworthy storage services. SafeStorage remains focused on delivering secure, affordable, and hassle-free storage services, catering to the evolving needs of individuals and businesses across India.

In a significant development, SafeStorage is pleased to announce a change in management, with the Madisetty Family acquiring a 100% stake in the company. Mr Ramesh Madisetty now holds a 67% stake, while Anupama Madisetty owns a 33% stake, consolidating the family’s dedication and long-term commitment to the company’s growth and success.

Speaking about the company’s performance, Mr Ramesh Madisetty, CEO & Co-Founder of SafeStorage, stated, “SafeStorage’ continual growth and steadfast commitment to excellence are evident in our results for the fiscal year 2022-2023. Our turnover of 33 crores reflects the trust and confidence our customers place in our services. As we expand our presence across eight major cities in India, we are committed to further enhancing our services, expanding our reach, and maintaining our position as a trusted partner in storage solutions.”

SafeStorage is a one-stop destination for all self-storage needs. If one is traveling, renovating the house, running out of space, or looking for self-storage space on rental for households and automobiles, SafeStorage is the place to go. The items are packed at the customer’s house, picked up from the doorstep, stored in the warehouse with an extremely diligent tagging process, and delivered back to the customer when required. All the warehouses are secure with stringent security processes and CCTV cameras to ensure the safety of goods.