Fortune MNC 500 India 2026 edition
Rank#178- Total income
- ₹3,978 Cr
- Profit
- ₹482 Cr
Last year #198
Kone Elevator India Private Limited - information technology in Kancheepuram, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹2,770.9 Cr
▲ 20.93% YoY
Net profit · FY 2023
₹249 Cr
Net margin 9%
EBITDA · FY 2023
₹425.9 Cr
EBITDA margin 15.4%
Authorised capital
₹92.76 Cr
Registered with MCA
Paid-up capital
₹34.9 Cr
Issued & subscribed
Open charges
₹38.5 Lakh
Satisfied ₹30.52 Cr
Company age
42 yrs
Est. 1984
Employees · EPFO
7,166
Provident fund records
About Kone Elevator India Private Limited
Data last updated:
Kone Elevator India Private Limited is a foreign private limited company based in Kancheepuram, Tamil Nadu, India, a subsidiary of Kone Oyj, Finland. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 12 June 1984 and has been in existence for over 42 years.
Kone Elevator India is ranked #178 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29141TN1984FTC010913. Its GSTIN is 33AAACK2567P1Z8 (Tamil Nadu). The company holds 36 GST registrations, of which 33 are active.
The company has an authorised share capital of ₹92.76 Cr and a paid-up capital of ₹34.9 Cr. It was formerly known as Beacon Kone Private Limited and Beacon Kone Limited. It is led by directors Amit Gossain (Managing Director) and Johannes Dan Otto Frande.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No : A28 Sipcot Industrial Park Pillaipakkam Sriperumbudur Taluk, Kancheepuram, Tamil Nadu, India – 602105.
As per the financials filed for FY 2023, the company reported a revenue of ₹2,770.9 Cr. For the same year it recorded a net profit of ₹249 Cr (net margin 9%) and EBITDA of ₹425.9 Cr (EBITDA margin 15.4%).
The company has about 7,166 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: KONE. As per MCA filings, the company has open charges of ₹38.5 Lakh and satisfied charges of ₹30.52 Cr on record. Court records list 285 cases involving the company, including 197 filed by the company and 88 filed against it; 41 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹20 Cr; the latest was in December 2007. Its 5 peer companies in the Machinery and Equipment industry (Material Handling Equipment, Software Services), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 1 smaller; the largest is Tkil Industries Private Limited with revenue of ₹3,331.51 Cr. The company has 67 MSME Form 1 returns on record between 2012 and 2024, listing 2,073 overdue payments to 148 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kone.in.
Company details
CIN U29141TN1984FTC010913
Registration Number 010913
Incorporation Date 12 June 1984
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Kone Oyj, Finland
Compliance Status Active Compliant
Name history
Kone Elevator India has undergone 2 name changes throughout its history. The company was previously known as Beacon Kone Private Limited, and Beacon Kone Limited. The current legal name is Kone Elevator India Private Limited.
| Company Name | Status |
|---|---|
| Kone Elevator India Private Limited | Current |
| Beacon Kone Private Limited | Previous |
| Beacon Kone Limited | Previous |
CIN history
Kone Elevator India has one previous CIN (Corporate Identification Number): U29141TN1984PTC010913. The current CIN is U29141TN1984FTC010913, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29141TN1984FTC010913 | Current |
| U29141TN1984PTC010913 | Previous |
Key People
Amit Gossain Managing Director Johannes Dan Otto Frande Director Chittatoorveeravalli Krishnakumar Seshadri Company Secretary Recognitions & Rankings of Kone Elevator India
Contact details
Kone Elevator India Private Limited's registered office is in Kancheepuram, Tamil Nadu. Its website is kone.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No : A28 Sipcot Industrial Park Pillaipakkam Sriperumbudur Taluk, Kancheepuram, Tamil Nadu, India – 602105
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Kone Elevator India Private Limited, buy the company report.
Comprehensive company report
Kone Elevator India Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included
Business activity
The main business activity of Kone Elevator India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and repair & installation of machinery & equipment, motor vehicles. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Kone Elevator India Private Limited, buy the company report.
Financials of Kone Elevator India Private Limited
FY 2025 filings availableKone Elevator India Private Limited reported revenue of ₹2,770.9 Cr for FY 2023.
Revenue · FY 2023
₹2,770.9 Cr
Net profit · FY 2023
₹249 Cr margin 9%
EBITDA · FY 2023
₹425.9 Cr margin 15.4%
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2,770.9 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹425.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹249 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.4% | ||||
| Net Profit Margin | 9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Kone Elevator India Private Limited, buy the company report.
Board of directors and KMP of Kone Elevator India Private Limited
Kone Elevator India Private Limited currently reports 2 directors and 1 key managerial person. 10 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Johannes Dan Otto Frande | Director | 26 May 2021 | 5 Years 4 Months | Current |
| Chittatoorveeravalli Krishnakumar Seshadri | Company Secretary | 27 Feb 2007 | 19 Years 7 Months | Current |
| Amit Gossain Also directs: Finland Chamber of Commerce in India | Managing Director | 15 Dec 2015 | 10 Years 10 Months | Current |
Peer comparison
Kone Elevator India Private Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment, Software Services), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tkil Industries Private Limited | ₹3,331.51 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Schindler India Private Limited | ₹3,293.55 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Otis Elevator Co (India)Ltd | ₹3,260.69 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Johnson Lifts Private Limited | ₹3,023.84 Cr (FY 2025) | 13.0% | Extension, Chennai-600 101, Tamil Nadu, India | |||
| Kone Elevator India Private Limitedthis company | ₹2,770.9 Cr (FY 2023) | ₹249 Cr | 9% | 7,166 | Kancheepuram, Tamil Nadu, India | |
| Elecon Engineering Company Limited | ₹2,287.01 Cr (FY 2025) | 15.0% | Vallabh Vidyanagar, Gujarat, India |
To see the full peer comparison of Kone Elevator India Private Limited, buy the company report.
Auditor
Kone Elevator India Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Kone Elevator India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kone Elevator India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹38.5 Lakh
Satisfied charges
₹30.52 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jun 1986 | 90304106 | Finnish Fund for Industrial Development Cooperation Limited | ₹38.5 Lakh | Open | |
| 28 Feb 2000 | 90290226 | Standard Chartered Bank | ₹25 Cr | Satisfied | |
| 28 Feb 2000 | 90305286 | Standard Chartered Bank | ₹3 Cr | Satisfied | |
| 27 Mar 1987 | 90304165 | Industrial Finance Corporation of India | ₹22 Lakh | Satisfied | |
| 09 Sep 1986 | 90304118 | Bank of India | ₹40 Lakh | Satisfied |
To see the full charge records of Kone Elevator India Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Kone Elevator India Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹20 Cr; the latest was in December 2007.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹20 Cr
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2007 | Secondary share transfer | Undisclosed | Seller: an individual |
To see the full deal history of Kone Elevator India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kone Elevator India Private Limited has 285 court cases on record: 197 filed by Kone Elevator India, 88 filed against it. 41 cases are pending and 244 are disposed.
Total cases
285
Filed by the company
197
Filed against the company
88
Pending
41
Disposed
244
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 152 | 25 | 22 |
| District courts | 84 | 52 | 16 |
| Supreme Court | 41 | 5 | 1 |
| NCLAT | 5 | 5 | 2 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 285)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed against the company by Girdhari Lal Constructions Private Limited | Pending |
| District court, North West, Delhi | Criminal case | Filed against the company by Elgin Electronics Pvt Ltd | Pending |
| High Court of Delhi | Court case (CM(M)) | Filed against the company by M/S Elgin Electronics Pvt. Ltd. | Pending |
| District court, Central, Delhi | Commercial suit | Filed against the company by Elgin Electronics Pvt Ltd | Pending |
| Calcutta High Court | Court case (AO-COM) | Filed by the company against Omaxe Infrastructure and Construction Limited and Ors. | Pending |
To see the full case history of Kone Elevator India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Kone Elevator India Private Limited has 67 MSME Form 1 returns on record between 2012 and 2024, listing 2,073 overdue payments to 148 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 148)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Subham Expressways LLP | |||
| an individual supplier | |||
| an individual supplier | |||
| Minox Metal Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Kone Elevator India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Kone Elevator India Private Limited has a workforce of 7,166 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
Employee count
7,166
Active EPFO establishments
2
Employee growth
4.26%
GST
Kone Elevator India has 36 GST registrations: 33 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
36
Active
33
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACK2567P1Z8 | Tamil Nadu | Active | 01 Jul 2017 |
| 33AAACK2567P2Z7 | Tamil Nadu | Active | 11 Mar 2025 |
| 02AAACK2567P1ZD | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAACK2567P1ZB | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kone Elevator India Private Limited, buy the company report.
Recent activity
Kone Elevator India Private Limited has 12 board changes on record since 2007: 3 appointments and 9 cessations. The latest: Johannes Dan Otto Frande ceased to be Additional Director on 23 Sep 2021.
AGM
Kone Elevator India Private Limited last Annual general meeting of members was held on 22 Sep 2025 as per latest MCA records.
Filing
Kone Elevator India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Ceased
Johannes Dan Otto Frande ceased to be Additional Director.
Appointed
Johannes Dan Otto Frande was appointed as Director.
Ceased
Klaus Thomas Cawen ceased to be Director.
Ceased
Arnoldus Ludovicus Josephus Veeger ceased to be Director.
Appointed
Amit Gossain was appointed as Managing Director.
Ceased
Amit Gossain ceased to be Additional Director.
Ceased
Neeraj Sharma ceased to be Managing Director.
Charges
A charge registered on 28 Feb 2000 via Charge ID 90305286 with Standard Chartered Bank was fully satisfied on 27 May 2014.
Charges
A charge registered on 28 Feb 2000 via Charge ID 90290226 with Standard Chartered Bank was fully satisfied on 27 May 2014.
Ceased
Chittatoorveeravalli Krishnakumar Seshadri ceased to be Additional Director.
19 earlier events are in the company report.
News
Frequently asked questions
Kone Elevator India is an active foreign private limited company based in Kancheepuram, Tamil Nadu, India. The company works in software development and support services, within the information technology industry. It was incorporated on 12 June 1984 (42+ years old) and is registered under CIN U29141TN1984FTC010913.
Kone Elevator India has 3 current directors and KMP:
- Amit Gossain - Managing Director
- Johannes Dan Otto Frande - Director
- Chittatoorveeravalli Krishnakumar Seshadri - Company Secretary
The latest financial statements of Kone Elevator India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Kone Elevator India is 33AAACK2567P1Z8, registered in Tamil Nadu. The company has 36 GST registrations in all, of which 33 are active and 3 are cancelled or inactive. Other active GSTINs include 33AAACK2567P2Z7 (Tamil Nadu), 02AAACK2567P1ZD (Himachal Pradesh), 03AAACK2567P1ZB (Punjab).
The CIN (Corporate Identification Number) of Kone Elevator India is U29141TN1984FTC010913. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kone Elevator India has 285 court cases on record: 197 filed by the company and 88 filed against it. 41 are pending. Most are in the high courts.
Kone Elevator India was incorporated on 12 June 1984, making it 42+ years old. It is registered with the Registrar of Companies, Chennai.
Kone Elevator India has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹20 Cr; the latest was in December 2007.
The peers of Kone Elevator India by revenue are Tkil Industries Private Limited, Schindler India Private Limited, Otis Elevator Co (India)Ltd, Johnson Lifts Private Limited, Elecon Engineering Company Limited, all in the Machinery and Equipment industry (Material Handling Equipment, Software Services), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Johannes Dan Otto Frande ceased to be Additional Director on 23 Sep 2021. Johannes Dan Otto Frande was appointed as Director on 26 May 2021. Klaus Thomas Cawen ceased to be Director on 08 Apr 2021. Kone Elevator India has 12 board changes on record in total.
Kone Elevator India has 67 MSME Form 1 returns on record between 2012 and 2024, listing 2,073 overdue payments to 148 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Kone Elevator India can be reached through the website kone.in. Its registered office is in Kancheepuram, Tamil Nadu, India.