About Otis
Otis is a company based in Farmington (United States) founded in 1853. It operates as a Direct-to-Consumer (D2C), and Managed Services. The company has 72,000 employees as of December 31, 2024. Otis has completed 3 acquisitions, including Bay State Elevator, Melco Elevadores do Brasil and WeMaintain. Otis offers products and services including Elevators, Escalators & Moving Walks, Otis Signature Service™, and Modernisation & Upgrades.
- Headquarter Farmington, United States
- Employees 72000 as on 31 Dec, 2024
- Stage Public
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Otis Worldwide Corporation
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Annual Revenue
$14.43 B1.19as on Dec 31, 2025
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Net Profit
$1.38 B-15.87as on Dec 31, 2025
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EBITDA
$2.31 B-6.45as on Dec 31, 2025
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Latest Funding Round
$782.4 K (USD), Grant
Sep 06, 2023
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Investors
European Union
& 1 more
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Employee Count
72000
as on Dec 31, 2024
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Investments & Acquisitions
Bay State Elevator
& 2 more
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IPO & Listings of Otis
Otis is a publicly listed company on the NYSE with ticker symbol OTIS in USA, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Otis
Otis offers a comprehensive portfolio of products and services, including Elevators, Escalators & Moving Walks, Otis Signature Service™, and Modernisation & Upgrades. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Elevators are manufactured for various building heights.
Escalators and walks are provided for public spaces.
Maintenance services are offered for elevator systems.
Upgrades are provided for existing elevator systems.
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Software Development Team
152 people
Sales and Marketing
87 people
Leadership Team
76 people
Human Resources and Administration
44 people
Finance and Accounting
42 people
Product Management Team
38 people
Operations Team
37 people
Senior Team
34 people
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Funding Insights of Otis
- Total Funding Total Funding
- Total Rounds 9
- Last Round Grant — $782,401
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First Round
First Round
(04 Dec 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Grant - Otis | Valuation |
investors |
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| Mar, 2023 | Amount | Grant - Otis | Valuation |
investors |
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| Oct, 2021 | Amount | Grant - Otis | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Otis
Otis has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Portál veřejné správy. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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A digital platform for public administration services in Czech Republic.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Otis
Otis has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Bay State Elevator, Melco Elevadores do Brasil and WeMaintain. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Elevator maintenance, repair, and spare parts are supplied for buildings.
|
2017 | ||||
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Elevator manufacturing services are provided in Brazil.
|
2006 | ||||
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Provider of elevator installation & maintenance services
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1908 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Otis
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Otis Comparisons
Competitors of Otis
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Otis
Frequently Asked Questions about Otis
When was Otis founded?
Otis was founded in 1853 and raised its 1st funding round 161 years after it was founded.
Where is Otis located?
Otis is headquartered in Farmington, United States.
Who is the current CEO of Otis?
Judy Marks is the current CEO of Otis.
How many employees does Otis have?
As of Dec 31, 2024, the latest employee count at Otis is 72,000.
What is the annual revenue of Otis?
Annual revenue of Otis is $14.43B as on Dec 31, 2025.
What does Otis do?
Otis is established as a global leader in the manufacturing, installation, and servicing of elevators and escalators. Operations are conducted across various sectors including residential, retail, office, hospital, hotel, multi-use buildings, and infrastructure such as airports and railways. Solutions are provided for low-rise, mid-rise, and high-rise buildings with tailored products and modernization services. Maintenance is offered through programs like Otis Signature Service and Otis ONE. The company is present in iconic structures and busy transportation hubs worldwide, ensuring mobility for billions of people daily.
What products or services does Otis offer?
Otis offers Elevators, Escalators & Moving Walks, Otis Signature Service™, and Modernisation & Upgrades.
Is Otis publicly traded?
Yes, Otis is publicly traded on NYSE under the ticker symbol OTIS.
How many acquisitions has Otis made?
Otis has made 3 acquisitions, including Bay State Elevator, Melco Elevadores do Brasil, and WeMaintain.
Who are Otis's investors?
Otis has 2 investors. Key investors include European Union, and Portál veřejné správy.
What is Otis's ticker symbol?
The ticker symbol of Otis is OTIS on NYSE.