Benefits

Dashboard

See Price & Plans

Not registered yet? Get a free account.

Otis Elevator Co (India)Ltd
Location
People
Financials
- Financial Highlights
- Balance Sheet
- Profit & Loss
- Ratios
Charges
Network
T. Score
Registered Details

OTIS ELEVATOR CO (INDIA)LTD

All Companies ›

Maharashtra ›

Manufacturing of Machinery ›

Active

Updated: 15 Mar 2026

Otis Elevator Co (India) Ltd is a leading manufacturer and service provider in the elevator and escalator industry, operatingly. The company offers installation, maintenance, and modernization services for elevators, escalators, and moving walkways, ensuring safe and efficient vertical transportation solutions for various sectors including residential, commercial, and infrastructure projects.

Otis Elevator Co (India)Ltd, is an unlisted public company incorporated on 30 October, 1953. It is classified as a public limited company and is located in , Maharashtra. It's authorized share capital is INR 15.00 cr and the total paid-up capital is INR 11.81 cr.

Subscription Plans

Industry and products

Manufacturing (Machinery & Equipments)

elevators, escalators, travolators, high speed gearless elevators etc

Company size

Auth Capital

₹ 15.0 Cr

Paidup Capital

₹ 11.8 Cr

Revenue

₹ 3250-3500 cr

Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue

15.11%

₹ 3,250.1

EBITDA

-24.28%

₹ 193.1

Net Profit

-8.85%

₹ 191.2

Networth

69.35%

₹ 467.6

Borrowings

₹ -

Assets

26.93%

₹ 2,409.9

Gross Margin

-0.95

46.4 %

Operating Margin

-3.11

6.1 %

Net Profit Margin

-1.55

5.9 %

Return on Equity

-35.07

40.9 %

ROCE

-66.26

38.1 %

Debt to Equity

0.0

Sales

Mar 2025

Net worth

Mar 2025

Buy Report or Plans

Dashboards

Popular Plan

Company dashboard

₹ 449
- Five year financials and ratios
- Risk analysis
- Interactive charts

Buy credits

View subscriptions

MCA Fillings

All financials

₹ 349
- All financials
- All annual returns
- MoA and AoA
1 Year

₹ 249
- Latest financials
- Latest annual return
- MoA and AoA

PDF Reports

Financial report

₹ 799
- Five year financials and ratios
- Shareholding and group structure
Financial+Litigation report

₹ 1299
- Everything in financial report
- Litigation report on the company
Due diligence report

₹ 2999
- Everything in financial+litigation report
- Peers and financials

* GST not included

** Reports & MCA filings will be based on the latest available financials.

** Delivery timelines are on best-effort basis during working hours. Filings 3-4 hours. Reports 24-48 hours.

Locations

India (69)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Whole-time Director	Bharatkumar Sanjiva Nayak	01919252	7 years
Managing Director	Sebi Joseph	05221403	11 years
Director	Anil Vaish	00208119	10 years
Whole-time Director	Suma Puthan Naduvakkat	05350680	11 years
Additional Director	Atul Gopalkrishna Juvle	02307454	1 years
Director	Manish R Asopa	09430977	3 years

Financial Highlights

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	1,704.1	1,940.4	2,427.3	2,762.0	3,153.1
Operating profit	191.4	188.1	201.8	255.1	193.1
Net profit	163.8	147.0	155.9	209.7	191.2
Gross margin	50.7	48.6	46.4	47.4	46.4
Operating margin	11.2	9.7	8.3	9.2	6.1
Net margin	9.3	7.4	6.3	7.4	5.9
Networth	252.7	243.2	225.7	276.1	467.6
Borrowings	-	-	-	-	-
Assets	1,448.1	1,658.1	1,756.9	1,898.6	2,409.9
Debt to equity	0.0	0.0	0.0	0.0	0.0
Current ratio	1.1	1.1	1.1	1.1	1.2
ROE	64.8	60.4	69.1	76.0	40.9
Days payable	157.0	179.0	147.0	133.0	129.0
WC days	27.0	19.0	10.0	14.0	36.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	11.8	11.8	11.8	11.8	11.8
Reserves	240.9	231.3	213.9	264.3	455.8
Borrowings +	-	-	-	-	-
Long term borrowings	-	-	-	-	-
Short term borrowings	-	-	-	-	-
Trade payables +	361.9	488.9	524.4	531.4	595.1
Days payable	157.0	179.0	147.0	133.0	129.0
Other liabilities +	833.5	926.1	1,006.8	1,091.2	1,347.3
Other non-current liabilities	128.7	115.2	106.2	104.8	137.7
Other current liabilities	704.8	810.9	900.6	986.4	1,209.6
Total liabilities	1,448.1	1,658.1	1,756.9	1,898.6	2,409.9
Fixed Assets +	88.4	81.5	93.1	112.6	121.4
Tangible assets	79.8	73.5	79.7	97.6	101.4
CWIP	0.9	3.5	6.6	9.6	15.5
Intangible assets	7.7	4.5	6.8	5.4	4.4
LT loans and advances	0.5	25.0	22.4	0.5	0.7
Other non-current assets	165.9	152.7	147.7	161.0	173.9
Current assets +	1,193.2	1,398.9	1,493.7	1,624.5	2,114.0
Inventories	158.0	247.0	264.0	226.8	258.9
Trade receivables	399.9	417.1	454.4	457.2	552.1
Cash and cash equivalents	506.0	534.9	538.8	653.1	945.3
ST loans and advances	25.0	0.6	0.6	0.6	0.7
Other current assets	104.4	199.4	236.0	286.8	357.0
Total assets	1,448.1	1,658.1	1,756.9	1,898.6	2,409.9

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.82	0.71	0.67	0.62	0.49
Reserves	16.64	13.95	12.17	13.92	18.91
Borrowings +	0.0	0.0	0.0	0.0	0.0
Long term borrowings	0.0	0.0	0.0	0.0	0.0
Short term borrowings	0.0	0.0	0.0	0.0	0.0
Trade payables	24.99	29.48	29.85	27.99	24.69
Other liabilities +	57.56	55.85	57.31	57.47	55.91
Other non-current liabilities	8.89	6.95	6.05	5.52	5.71
Other current liabilities	48.67	48.91	51.26	51.95	50.19
Total liabilities
Fixed Assets +	6.1	4.91	5.3	5.93	5.04
Tangible assets	5.51	4.44	4.54	5.14	4.21
CWIP	0.06	0.21	0.38	0.51	0.64
Intangible assets	0.53	0.27	0.39	0.28	0.18
LT loans and advances	0.04	1.51	1.27	0.03	0.03
Other non-current assets	11.46	9.21	8.41	8.48	7.22
Current assets +	82.4	84.37	85.02	85.56	87.72
Inventories	10.91	14.89	15.03	11.95	10.74
Trade receivables	27.62	25.16	25.86	24.08	22.91
Cash and cash equivalents	34.94	32.26	30.67	34.4	39.22
ST loans and advances	1.72	0.03	0.03	0.03	0.03
Other current assets	7.21	12.03	13.43	15.11	14.81
Total assets

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	11.8	11.8	11.8	11.8	11.8
Reserves	236.0	225.9	207.2	257.5	448.8
Borrowings +	-	-	-	-	-
Long term borrowings	-	-	-	-	-
Short term borrowings	-	-	-	-	-
Trade payables +	363.0	490.7	526.0	532.9	597.1
Days payable	158.0	179.0	147.0	134.0	129.0
Other liabilities +	836.9	929.2	1,011.4	1,096.0	1,352.2
Other non-current liabilities	129.6	115.8	107.7	106.4	138.9
Other current liabilities	707.3	813.4	903.7	989.6	1,213.4
Total liabilities	1,447.6	1,657.6	1,756.4	1,898.2	2,409.9
Fixed Assets +	89.0	82.0	94.3	113.9	122.2
Tangible assets	80.4	74.1	80.9	98.9	102.2
CWIP	0.9	3.5	6.6	9.6	15.5
Intangible assets	7.7	4.5	6.8	5.4	4.4
LT loans and advances	0.5	25.0	22.4	0.5	0.7
Other non-current assets	161.9	148.2	142.9	155.9	168.4
Current assets +	1,196.2	1,402.3	1,496.8	1,627.9	2,118.7
Inventories	158.7	247.7	264.9	227.7	259.8
Trade receivables	401.0	418.6	455.4	458.3	554.6
Cash and cash equivalents	506.3	535.4	539.5	653.7	945.7
ST loans and advances	25.0	0.6	0.6	0.6	0.7
Other current assets	105.3	200.1	236.4	287.6	357.9
Total assets	1,447.6	1,657.6	1,756.4	1,898.2	2,409.9

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.82	0.71	0.67	0.62	0.49
Reserves	16.3	13.63	11.8	13.56	18.62
Borrowings +	0.0	0.0	0.0	0.0	0.0
Long term borrowings	0.0	0.0	0.0	0.0	0.0
Short term borrowings	0.0	0.0	0.0	0.0	0.0
Trade payables	25.07	29.61	29.95	28.08	24.78
Other liabilities +	57.81	56.05	57.58	57.74	56.11
Other non-current liabilities	8.95	6.99	6.13	5.61	5.76
Other current liabilities	48.86	49.07	51.45	52.13	50.35
Total liabilities
Fixed Assets +	6.15	4.95	5.37	6.0	5.07
Tangible assets	5.55	4.47	4.6	5.21	4.24
CWIP	0.06	0.21	0.38	0.51	0.64
Intangible assets	0.53	0.27	0.39	0.28	0.18
LT loans and advances	0.04	1.51	1.27	0.03	0.03
Other non-current assets	11.18	8.94	8.14	8.21	6.99
Current assets +	82.63	84.6	85.22	85.76	87.91
Inventories	10.96	14.95	15.08	11.99	10.78
Trade receivables	27.7	25.25	25.93	24.15	23.01
Cash and cash equivalents	34.97	32.3	30.71	34.44	39.24
ST loans and advances	1.72	0.03	0.03	0.03	0.03
Other current assets	7.28	12.07	13.46	15.15	14.85
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	1,704.1	1,940.4	2,427.3	2,762.0	3,153.1
Sales growth %	-3.23	13.87	25.09	13.79	14.16
Expenses +	1,544.8	1,785.3	2,259.0	2,537.9	2,994.3
Cost of goods	839.7	997.3	1,300.4	1,453.1	1,688.7
Employee cost	354.3	387.5	440.8	486.0	524.2
Other costs	318.7	367.5	484.3	567.8	747.1
Operating profit +	191.4	188.1	201.8	255.1	193.1
Operating margin %	11.2	9.7	8.3	9.2	6.1
Other income	61.7	43.6	45.4	61.5	97.0
Interest	3.8	4.0	6.4	4.8	5.2
Depreciation	28.3	29.0	27.1	26.2	29.2
Exceptional items	-	-	-	-	-
Profit before tax	220.9	198.7	213.7	285.5	255.7
Tax	57.2	51.8	57.8	75.8	64.6
Profit - disc. ops	-	-	-	-	-
Net profit	163.8	147.0	155.9	209.7	191.2
Net margin %	9.3	7.4	6.3	7.4	5.9

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	96.51	97.8	98.17	97.82	97.02
Expenses +	87.49	89.98	91.36	89.89	92.13
Cost of goods	47.55	50.27	52.59	51.46	51.96
Employee cost	20.06	19.53	17.83	17.21	16.13
Other costs	18.05	18.52	19.59	20.11	22.99
Operating profit	10.84	9.48	8.16	9.03	5.94
Other income	3.49	2.2	1.83	2.18	2.98
Interest	0.22	0.2	0.26	0.17	0.16
Depreciation	1.6	1.46	1.09	0.93	0.9
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	12.51	10.02	8.64	10.11	7.87
Tax	3.24	2.61	2.34	2.69	1.99
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	9.27	7.41	6.31	7.43	5.88

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	1,710.1	1,947.3	2,435.0	2,770.7	3,162.2
Sales growth %	-3.23	13.87	25.05	13.79	14.13
Expenses +	1,550.3	1,793.8	2,268.6	2,547.8	3,004.7
Cost of goods	840.6	998.7	1,302.3	1,454.8	1,690.4
Employee cost	357.9	391.8	445.4	490.9	529.1
Other costs	319.1	369.7	486.6	570.3	750.1
Operating profit +	192.5	187.1	200.7	254.7	192.7
Operating margin %	11.3	9.6	8.2	9.2	6.1
Other income	61.6	45.2	46.3	62.8	98.5
Interest	4.0	4.1	6.6	5.1	5.5
Depreciation	28.8	29.5	27.6	26.7	29.6
Exceptional items	-	-	-	-	-
Profit before tax	221.3	198.6	212.8	285.7	256.0
Tax	57.6	52.2	58.0	76.1	64.9
Profit - disc. ops	-	-	-	-	-
Net profit	163.8	146.4	154.7	209.6	191.0
Net margin %	9.2	7.3	6.2	7.4	5.9

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	96.52	97.73	98.13	97.78	96.98
Expenses +	87.51	90.03	91.43	89.92	92.15
Cost of goods	47.45	50.12	52.48	51.34	51.84
Employee cost	20.2	19.66	17.95	17.32	16.23
Other costs	18.01	18.56	19.61	20.13	23.0
Operating profit	10.87	9.39	8.09	8.99	5.91
Other income	3.48	2.27	1.87	2.22	3.02
Interest	0.22	0.21	0.27	0.18	0.17
Depreciation	1.63	1.48	1.11	0.94	0.91
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	12.49	9.97	8.57	10.08	7.85
Tax	3.25	2.62	2.34	2.69	1.99
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	9.24	7.35	6.23	7.4	5.86

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	0.0	0.0	0.0	0.0	0.0
Net Debt/Equity	0.0	0.0	0.0	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0	0.0	0.0
Total Assets/Equity	5.7	6.8	7.8	6.9	5.2
Liquidity +
Current Ratio	1.1	1.1	1.1	1.1	1.2
Quick Ratio	1.0	0.9	0.9	0.9	1.0
Interest Coverage	50.1	47.5	31.7	52.9	37.3
Performance
Gross Margin	50.7	48.6	46.4	47.4	46.4
Operating Margin	11.2	9.7	8.3	9.2	6.1
Net Margin	9.3	7.4	6.3	7.4	5.9
Return +
Return on Equity	64.8	60.4	69.1	76.0	40.9
Pre-tax ROCE	75.9	88.1	108.0	104.3	38.1
Return on Assets	11.3	8.9	8.9	11.0	7.9
Pre-tax ROIC	64.5	65.4	77.4	82.9	35.1
Efficiency +
Days Payable	157.0	179.0	147.0	133.0	129.0
Days Inventory	69.0	90.0	74.0	57.0	56.0
Days Receivable	86.0	78.0	68.0	60.0	64.0
Fixed Asset Turnover	19.3	23.8	26.1	24.5	26.0
Total Asset Turnover	1.2	1.2	1.4	1.4	1.3
Working Capital
Cash Conversion Cycle	-2.0	-11.0	-5.0	-16.0	-9.0
Working Capital Days	27.0	19.0	10.0	14.0	36.0

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	0.0	0.0	0.0	0.0	0.0
Net Debt/Equity	0.0	0.0	0.0	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0	0.0	0.0
Total Assets/Equity	5.8	7.0	8.0	7.0	5.2
Liquidity +
Current Ratio	1.1	1.1	1.1	1.1	1.2
Quick Ratio	1.0	0.9	0.9	0.9	1.0
Interest Coverage	48.4	45.7	30.5	49.6	35.0
Performance
Gross Margin	50.8	48.7	46.5	47.5	46.5
Operating Margin	11.3	9.6	8.2	9.2	6.1
Net Margin	9.2	7.3	6.2	7.4	5.9
Return +
Return on Equity	66.1	61.6	70.6	77.8	41.5
Pre-tax ROCE	76.2	87.4	107.2	104.0	37.9
Return on Assets	11.3	8.8	8.8	11.0	7.9
Pre-tax ROIC	66.1	66.3	79.0	84.7	35.4
Efficiency +
Days Payable	158.0	179.0	147.0	134.0	129.0
Days Inventory	69.0	91.0	74.0	57.0	56.0
Days Receivable	86.0	78.0	68.0	60.0	64.0
Fixed Asset Turnover	19.2	23.7	25.8	24.3	25.9
Total Asset Turnover	1.2	1.2	1.4	1.5	1.3
Working Capital
Cash Conversion Cycle	-3.0	-10.0	-5.0	-17.0	-9.0
Working Capital Days	27.0	18.0	10.0	14.0	36.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
SUPRIYA ELEVATOR COMPANY (INDIA) LIMITED	Active	2.7 Cr	2	Tamil Nadu
ALFRED N. SCHINDLER FOUNDATION FOR CHILDREN'S EDUCATION	Active	0.0	1	Maharashtra
AMNS PORTS PARADIP LIMITED	Active	130.0 Cr	1	Gujarat
AMNS PORTS HAZIRA LIMITED	Active	1,067.7 Cr	1	Gujarat
OTIS GLOBAL SERVICES CENTER PRIVATE LIMITED	Active	20.1 Cr	2	Karnataka

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
SUPRIYA ELEVATOR COMPANY (INDIA) LIMITED	Tamil Nadu	2008	₹ 2.7 Cr

Tofler Score

Very Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

HIGH LEVERAGE

Low Risk

ROCE DETERIORATING

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U29150MH1953PLC009158

PAN

AAACO0481E

Incorporation

1953, 72.5 years

Company Email

rutika[dot]pawar[at]otis[dot]com

Paid up Capital

₹ 11.8 Cr

Authorised Capital

₹ 15.0 Cr

AGM

Sep 2024

Type

Public

Others

FAQ - OTIS ELEVATOR CO (INDIA)LTD

What is the incorporation date of OTIS ELEVATOR CO (INDIA)LTD?

The incorporation date of OTIS ELEVATOR CO (INDIA)LTD is 30 October, 1953

What is the authorized share capital of OTIS ELEVATOR CO (INDIA)LTD?

The authorized share capital of OTIS ELEVATOR CO (INDIA)LTD is INR ₹ 15.0 Cr.

What is the paid-up capital of OTIS ELEVATOR CO (INDIA)LTD?

The paid-up capital of OTIS ELEVATOR CO (INDIA)LTD is INR ₹ 11.8 Cr.

What is the registered address of OTIS ELEVATOR CO (INDIA)LTD?

The registered address of OTIS ELEVATOR CO (INDIA)LTD is MAGNUS TOWERS 9TH FLRMINDSPACE LINK ROAD MALAD WEST, MUMBAI, Maharashtra, India, 400064 - 400064

What is the CIN number of OTIS ELEVATOR CO (INDIA)LTD?

The CIN number of OTIS ELEVATOR CO (INDIA)LTD is U29150MH1953PLC009158.

Smart Suggestions

Assam
Odisha
West Bengal
Chhattisgarh
Rajasthan
Himachal Pradesh
Uttar Pradesh
Haryana
Jammu & Kashmir
Punjab
Blog Categories
Top Blog post
Financial Resources

Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. Tofler makes no claim of ownership or affiliation with any trademark (REGISTERED OR UNREGISTERED) that forms part of any Company/LLP name listed on this page. Trademarks, if any, listed on this page belong to... Read More

OTIS ELEVATOR CO (INDIA)LTD

Leave site?

Buy Dashboard using Credits

Just a Quick Check!

Buy Report or Plans

Dashboards

Company dashboard

Buy credits

View subscriptions

MCA Fillings

All financials

1 Year

PDF Reports

Financial report

Financial+Litigation report

Due diligence report

Choose number of credits to buy

₹ 449 + GST

Locations

Locations on Map

Filter (4)

Select Tags

Choose Location

People

Financial Highlights

Margins

Balance Sheet

Total assets

Profit & Loss

Revenue from operations

Ratios

Ratios

Charges on assets

Company Network