The relocation business in India, unlike in the United States, is unorganised, making it difficult to provide a precise cost. Employee mobility has become extremely common as the Indian middle class grows in tandem with our economy. This, combined with increased spending power, has led to people acquiring expensive products that they desire to own even when they relocate to a different city or place in search of a trustworthy companion. Based on the above, growth will be in the double digits in the next few years.
The has grown a lot in the last two decades. We've now been in India for two decades, and I'd call it a change. We were a part of three booms that catapulted our business to new heights. The first was the 2002 BPO/IT & ITES boom, followed by the 2007 telecom boom and the 2014 E-commerce boom. The environment has shifted from the usual movements we used to do for banks and FMCG firms, which is why I indicated that it is an interesting industry to be a part of.
Due to its unorganized manner of conducting business it usually does not assist because they are primarily fly-by-night companies who obtain personnel, materials, and trucks on an as-needed basis with no regard for quality. They also have no contractual obligations, unlike organizations like ours, who focus on and invest in infrastructure and contingency planning. To provide an example, we will have a team come to your residence that is police confirmed. Our stuff will be packed according to international standards, as opposed to someone who would use untrained local contract labour and material from a KabadiWala. We will never be able to compete with such organisations since their prices are far cheaper than ours. You also have more conscious if you are looking for only.
It has become an important service for society; for example, when the pandemic hit us, we used this service to and also our luggage; in fact, many students used this service; however, due to its limited availability in many cities, many people suffered; thus, we can say that this sector requires more growth than its current position.