Fortune MNC 500 India 2026 edition
Rank#239- Total income
- ₹2,833 Cr
- Profit
- ₹210 Cr
Last year #230
Otis Elevator Co (India)Ltd - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3,260.69 Cr
▲ 15% YoY
Net profit · FY 2025
₹191.04 Cr
Net margin 5.9%
EBITDA · FY 2025
₹192.67 Cr
EBITDA margin 5.9%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹11.6 Cr
Issued & subscribed
Company age
73 yrs
Est. 1953
Directors on board
6
As per MCA filings
Key managerial staff
1
CEO, CFO, company secretary
About Otis Elevator Co (India)Ltd
Data last updated:
Otis Elevator Co (India)Ltd is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Otis International Asia Pacific Pte Ltd. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 30 October 1953 and has been in existence for over 73 years.
Otis Elevator Co (India) is ranked #239 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29150MH1953PLC009158. Its GSTIN is 27AAACO0481E1ZR (Maharashtra). The company holds 43 GST registrations, of which 32 are active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹11.6 Cr. It was formerly known as Otis Elevator Company (India)Ltd. It is led by directors including Sebi Joseph (Managing Director) and Suma Puthan Naduvakkat (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Magnus Towers 9th Flrmindspace Link Road Malad West, Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,260.69 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹191.04 Cr (net margin 5.9%) and EBITDA of ₹192.67 Cr (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 12% over five years.
Its group structure includes 1 subsidiary.
Court records list 244 cases involving the company, including 157 filed by the company and 87 filed against it; 36 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website otis.com.
Company details
CIN U29150MH1953PLC009158
Registration Number 009158
Incorporation Date 30 October 1953
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Otis International Asia Pacific Pte Ltd
Compliance Status Active Compliant
Key People
Sebi Joseph Managing Director Suma Puthan Naduvakkat Whole-Time Director Bharatkumar Nayak Cfo Recognitions & Rankings of Otis Elevator Co (India)
Contact details
Otis Elevator Co (India)Ltd's registered office is in Mumbai, Maharashtra. Its website is otis.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMagnus Towers 9th Flrmindspace Link Road Malad West, Mumbai, Maharashtra, India – 400064
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Otis Elevator Co (India)Ltd, buy the company report.
Comprehensive company report
Otis Elevator Co (India)Ltd - 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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Business activity
The main business activity of Otis Elevator Co (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 Otis Elevator Co (India)Ltd, buy the company report.
Financials of Otis Elevator Co (India)Ltd
FY 2025 filings availableOtis Elevator Co (India)Ltd reported revenue of ₹3,260.69 Cr (up 15% YoY) for FY 2025.
Revenue · FY 2025
₹3,260.69 Cr ▲ 15%
Net profit · FY 2025
₹191.04 Cr margin 5.9%
EBITDA · FY 2025
₹192.67 Cr margin 5.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 18%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▼ 24%
3 years · compounded
▲ 1%
5 years · compounded
▼ 6%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 15% growth in the latest year. EBITDA fell 24% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3,260.69 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹192.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹191.04 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | ||||
| Net Profit Margin | 5.9% | ||||
| 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 | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Otis Elevator Co (India)Ltd, buy the company report.
Board of directors and KMP of Otis Elevator Co (India)Ltd
Otis Elevator Co (India)Ltd currently reports 5 directors and 1 key managerial person. 24 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suma Puthan Naduvakkat | Whole-Time Director | 10 Mar 2015 | 11 Years 7 Months | Current |
| Anil Vaish | Director | 10 Mar 2016 | 10 Years 7 Months | Current |
| Sebi Joseph | Managing Director | 16 Mar 2015 | 11 Years 7 Months | Current |
| Manish R Asopa Also directs: Otis Global Services Center Private Limited | Director | 23 Nov 2022 | 3 Years 10 Months | Current |
| Bharatkumar Nayak Also directs: Supriya Elevator Company (India) Limited | Cfo | 05 Oct 2017 | 9 Years 0 Months | Current |
| Atul Gopalkrishna Juvle Also directs: Ap2 Legal Consulting LLP, Amns Ports Hazira Limited, Amns Ports India Limited and 2 more | Additional Director | 30 Oct 2025 | 0 Years 11 Months | Current |
Peer comparison
Otis Elevator Co (India)Ltd is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment), 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 |
|---|---|---|---|---|---|---|
| Action Construction Equipment Limited | ₹3,427.37 Cr (FY 2025) | 15.0% | Palwal, Haryana, India | |||
| 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)Ltdthis company | ₹3,260.69 Cr (FY 2025) | ₹191.04 Cr | 5.9% | 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 Limited | ₹2,770.9 Cr (FY 2023) | 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 Otis Elevator Co (India)Ltd, buy the company report.
Shareholding
The shareholding of Otis Elevator Co (India)Ltd is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Otis Elevator Co (India)Ltd, buy the company report.
Legal cases
Otis Elevator Co (India)Ltd has 244 court cases on record: 157 filed by Otis Elevator Co (India), 87 filed against it. 36 cases are pending and 208 are disposed.
Total cases
244
Filed by the company
157
Filed against the company
87
Pending
36
Disposed
208
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 146 | 25 | 27 |
| District courts | 77 | 54 | 6 |
| Supreme Court | 20 | 7 | 2 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 244)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RES) | Filed against the company by Sji Hospitality and Foods Pvt. Ltd. | Pending |
| High Court | Arbitration matter | Filed against the company by Cicon Engineers Pvt Ltd | Pending |
| Supreme Court | Court case (1301-Consumer Disputes and RERA : Appeals under Section 23 of Consumer Protection Act, 1986 and/or under Section 67 of Consumer Protection Act, 2019) | Filed against the company by M/S Parsvnath Developers Ltd. THR. Its Duly Authorized Person Madan Dogra and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Lokhandwala Construction Industries Pvt Ltd | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Chennai Metro Rail Limited and 2 others | Disposed |
To see the full case history of Otis Elevator Co (India)Ltd, 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
Otis Elevator Co (India)Ltd has 33 MSME Form 1 returns on record between 2017 and 2023, listing 9,761 overdue payments to 93 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 93)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Shree Abhay Hoists and Engineering Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Otis Elevator Co (India)Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Otis Elevator Co (India) has 1 subsidiary company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Supriya Elevator Company (India) Limited | U29150TN2008PLC068160 |
To see the full group structure of Otis Elevator Co (India)Ltd, buy the company report.
GST
Otis Elevator Co (India) has 43 GST registrations: 32 active and 11 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
43
Active
32
Cancelled / inactive
11
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACO0481E1ZR | Maharashtra | Active | 01 Jul 2017 |
| 27AAACO0481E2ZQ | Maharashtra | Active | 29 Jan 2025 |
| 27AAACO0481E1D0 | Maharashtra | Active | 22 Sep 2025 |
| 02AAACO0481E2Z2 | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Otis Elevator Co (India)Ltd, buy the company report.
Recent activity
Otis Elevator Co (India)Ltd has 28 board changes on record since 2007: 8 appointments and 20 cessations. The latest: Atul Gopalkrishna Juvle was appointed as Additional Director on 30 Oct 2025.
Appointed
Atul Gopalkrishna Juvle was appointed as Additional Director.
AGM
Otis Elevator Co (India)Ltd last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Otis Elevator Co (India)Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Jyotin Kantilal Mehta ceased to be Additional Director.
Appointed
Jyotin Kantilal Mehta was appointed as Director.
Ceased
Priya Shankar Dasgupta ceased to be Director.
Ceased
Manish R Asopa ceased to be Additional Director.
Appointed
Manish R Asopa was appointed as Director.
Ceased
Anil Vaish ceased to be Director.
Appointed
Rutika Somdatta Pawar was appointed as Company Secretary.
Ceased
Bharatkumar Nayak ceased to be Additional Director.
Ceased
Nirmal Kumar Mohanty ceased to be Director.
19 earlier events are in the company report.
News
Frequently asked questions
Otis Elevator Co (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 30 October 1953 (73+ years old) and is registered under CIN U29150MH1953PLC009158.
Otis Elevator Co (India) has 6 current directors and KMP:
- Sebi Joseph - Managing Director
- Suma Puthan Naduvakkat - Whole-Time Director
- Anil Vaish - Director
- Manish R Asopa - Director
- Atul Gopalkrishna Juvle - Additional Director
- Bharatkumar Nayak - Cfo
The latest financial statements of Otis Elevator Co (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Otis Elevator Co (India) is 27AAACO0481E1ZR, registered in Maharashtra. The company has 43 GST registrations in all, of which 32 are active and 11 are cancelled or inactive. Other active GSTINs include 27AAACO0481E2ZQ (Maharashtra), 27AAACO0481E1D0 (Maharashtra), 02AAACO0481E2Z2 (Himachal Pradesh).
The CIN (Corporate Identification Number) of Otis Elevator Co (India) is U29150MH1953PLC009158. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Otis Elevator Co (India) has 244 court cases on record: 157 filed by the company and 87 filed against it. 36 are pending. Most are in the high courts.
Otis Elevator Co (India) was incorporated on 30 October 1953, making it 73+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Otis Elevator Co (India) by revenue are Action Construction Equipment Limited, Tkil Industries Private Limited, Schindler India Private Limited, Johnson Lifts Private Limited, Kone Elevator India Private Limited and 1 more, all in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Atul Gopalkrishna Juvle was appointed as Additional Director on 30 Oct 2025. Jyotin Kantilal Mehta ceased to be Additional Director on 26 Sep 2024. Jyotin Kantilal Mehta was appointed as Director on 01 Apr 2024. Otis Elevator Co (India) has 28 board changes on record in total.
Otis Elevator Co (India) has 33 MSME Form 1 returns on record between 2017 and 2023, listing 9,761 overdue payments to 93 micro and small suppliers. The latest return was filed on 16 Dec 2023.
Otis Elevator Co (India) can be reached through the website otis.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Otis Elevator Co (India) is at Magnus Towers 9th Flrmindspace Link Road Malad West, Mumbai, Maharashtra, India – 400064.