SafeStorage Building secure storing facilities
MOTORINDIA|June 2021
SafeStorage has been around for over five years in India, managing and storing household appliances, corporate documents, office furniture and providing supporting space for small-scale businesses. The necessity of people to safely keep their precious goods in the cities where they work without paying full rent as they return to their hometown during the pandemic has opened up a large business opportunity for the company, writes Rajesh Rajgor
Rajesh Rajgor

The rise of the pandemic saw many companies adopting the ‘work from home’ (WFH) model to continue their business. This development led to many people, who were working in cities, to move out of their rented apartments back to their native places or hometowns for social and economic reasons. In such times, self-storage units like SafeStorage came to their rescue, safely housing their valuable belongings and furniture while they gave up their rented spaces in their cities of work. “We saw a surge in customers for household appliances, especially for valuable items such as cars, two-wheelers, fridge, airconditioner and TV which are logistically difficult to move and also need to be handled with utmost care as they are fragile in nature,” says Ramesh Madisetty, CEO and Co-Founder, SafeStorage.

“In March 2020 alone we received a SSP of 1.5 lakhs and our turnover from Bangalore and Hyderabad was Rs 5-6 crore. This is thanks to our economical charges for storing that are almost one-fourth of the cost one would have to shell out for renting a 2BHK in a metropolitan city,” he adds. What started in August 2015 in a 1BHK flat to meet the storage requirements of IT employees in Bangalore, SafeStorage soon expanded to Hyderabad, Chennai, Pune and Mumbai. Even though they accommodated just seven customers in that house, they emphasized on all the safety fixtures such as smoke alarm and fire extinguishers that could secure the precious belongings of clients.

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