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Otis Elevator Co (India)Ltd
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Registered Details

OTIS ELEVATOR CO (INDIA)LTD

All Companies ›

Maharashtra ›

Manufacturing of Machinery ›

Active

Updated: 01 Sep 2025

The company manufactures, installs, services and repairs various types of elevators, escalators, travolators, high speed gearless elevators, and their components.

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, high speed gearless elevators etc, escalators, travolators

Company size

Auth Capital

₹ 15.0 Cr

Paidup Capital

₹ 11.8 Cr

Revenue

₹ 2750-3000 cr

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

14.19%

₹ 2,823.4

EBITDA

26.42%

₹ 255.1

Net Profit

34.5%

₹ 209.7

Networth

22.34%

₹ 276.1

Borrowings

₹ -

Assets

8.07%

₹ 1,898.6

Gross Margin

0.96

47.4 %

Operating Margin

0.93

9.2 %

Net Profit Margin

1.12

7.4 %

Return on Equity

6.87

76.0 %

ROCE

-3.62

104.3 %

Debt to Equity

0.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (68)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Whole-time Director	Bharatkumar Sanjiva Nayak	01919252	6 years
Managing Director	Sebi Joseph	05221403	10 years
Director	Anil Vaish	00208119	9 years
Whole-time Director	Suma Puthan Naduvakkat	05350680	10 years
Director	Jyotin Kantilal Mehta	00033518	1 years
Director	Manish R Asopa	09430977	3 years

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	1,760.9	1,704.1	1,940.4	2,427.3	2,762.0
Operating profit	264.7	191.4	188.1	201.8	255.1
Net profit	180.8	163.8	147.0	155.9	209.7
Gross margin	56.2	50.7	48.6	46.4	47.4
Operating margin	15.0	11.2	9.7	8.3	9.2
Net margin	10.0	9.3	7.4	6.3	7.4
Networth	266.7	252.7	243.2	225.7	276.1
Borrowings	-	-	-	-	-
Assets	1,460.8	1,448.1	1,658.1	1,756.9	1,898.6
Debt to equity	0.0	0.0	0.0	0.0	0.0
Current ratio	1.1	1.1	1.1	1.1	1.1
ROE	67.8	64.8	60.4	69.1	76.0
Days payable	170.0	157.0	179.0	147.0	133.0
WC days	26.0	27.0	19.0	10.0	14.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	11.8	11.8	11.8	11.8	11.8
Reserves	254.9	240.9	231.3	213.9	264.3
Borrowings +	-	-	-	-	-
Long term borrowings	-	-	-	-	-
Short term borrowings	-	-	-	-	-
Trade payables +	360.0	361.9	488.9	524.4	531.4
Days payable	170.0	157.0	179.0	147.0	133.0
Other liabilities +	1,194.0	1,195.4	1,414.9	1,531.2	1,622.5
Other non-current liabilities	167.3	128.7	115.2	106.2	104.8
Other current liabilities	666.8	704.8	810.9	900.6	986.4
Total liabilities	1,460.8	1,448.1	1,658.1	1,756.9	1,898.6
Fixed Assets +	107.9	88.4	81.5	93.1	112.6
Tangible assets	97.6	79.8	73.5	79.7	97.6
CWIP	0.2	0.9	3.5	6.6	9.6
Intangible assets	10.0	7.7	4.5	6.8	5.4
LT loans and advances	0.6	0.5	25.0	22.4	0.5
Other non-current assets	201.0	165.9	152.7	147.7	161.0
Current assets +	1,151.3	1,193.2	1,398.9	1,493.7	1,624.5
Inventories	191.5	158.0	247.0	264.0	226.8
Trade receivables	366.7	399.9	417.1	454.4	457.2
Cash and cash equivalents	471.3	506.0	534.9	538.8	653.1
ST loans and advances	24.9	25.0	0.6	0.6	0.6
Other current assets	97.0	104.4	199.4	236.0	286.8
Total assets	1,460.8	1,448.1	1,658.1	1,756.9	1,898.6

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.81	0.82	0.71	0.67	0.62
Reserves	17.45	16.64	13.95	12.17	13.92
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	24.64	24.99	29.48	29.85	27.99
Other liabilities +	81.74	82.55	85.33	87.15	85.46
Other non-current liabilities	11.45	8.89	6.95	6.05	5.52
Other current liabilities	45.65	48.67	48.91	51.26	51.95
Total liabilities
Fixed Assets +	7.38	6.1	4.91	5.3	5.93
Tangible assets	6.68	5.51	4.44	4.54	5.14
CWIP	0.02	0.06	0.21	0.38	0.51
Intangible assets	0.69	0.53	0.27	0.39	0.28
LT loans and advances	0.04	0.04	1.51	1.27	0.03
Other non-current assets	13.76	11.46	9.21	8.41	8.48
Current assets +	78.82	82.4	84.37	85.02	85.56
Inventories	13.11	10.91	14.89	15.03	11.95
Trade receivables	25.1	27.62	25.16	25.86	24.08
Cash and cash equivalents	32.26	34.94	32.26	30.67	34.4
ST loans and advances	1.71	1.72	0.03	0.03	0.03
Other current assets	6.64	7.21	12.03	13.43	15.11
Total assets

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	11.8	11.8	11.8	11.8	11.8
Reserves	250.1	236.0	225.9	207.2	257.5
Borrowings +	-	-	-	-	-
Long term borrowings	-	-	-	-	-
Short term borrowings	-	-	-	-	-
Trade payables +	361.2	363.0	490.7	526.0	532.9
Days payable	171.0	158.0	179.0	147.0	134.0
Other liabilities +	1,198.6	1,199.8	1,419.9	1,537.4	1,628.9
Other non-current liabilities	168.2	129.6	115.8	107.7	106.4
Other current liabilities	669.3	707.3	813.4	903.7	989.6
Total liabilities	1,460.5	1,447.6	1,657.6	1,756.4	1,898.2
Fixed Assets +	108.7	89.0	82.0	94.3	113.9
Tangible assets	98.4	80.4	74.1	80.9	98.9
CWIP	0.2	0.9	3.5	6.6	9.6
Intangible assets	10.1	7.7	4.5	6.8	5.4
LT loans and advances	0.6	0.5	25.0	22.4	0.5
Other non-current assets	197.4	161.9	148.2	142.9	155.9
Current assets +	1,153.8	1,196.2	1,402.3	1,496.8	1,627.9
Inventories	192.2	158.7	247.7	264.9	227.7
Trade receivables	367.3	401.0	418.6	455.4	458.3
Cash and cash equivalents	471.7	506.3	535.4	539.5	653.7
ST loans and advances	24.9	25.0	0.6	0.6	0.6
Other current assets	97.8	105.3	200.1	236.4	287.6
Total assets	1,460.5	1,447.6	1,657.6	1,756.4	1,898.2

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.81	0.82	0.71	0.67	0.62
Reserves	17.12	16.3	13.63	11.8	13.56
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	24.73	25.07	29.61	29.95	28.08
Other liabilities +	82.07	82.88	85.66	87.53	85.81
Other non-current liabilities	11.51	8.95	6.99	6.13	5.61
Other current liabilities	45.82	48.86	49.07	51.45	52.13
Total liabilities
Fixed Assets +	7.44	6.15	4.95	5.37	6.0
Tangible assets	6.74	5.55	4.47	4.6	5.21
CWIP	0.02	0.06	0.21	0.38	0.51
Intangible assets	0.69	0.53	0.27	0.39	0.28
LT loans and advances	0.04	0.04	1.51	1.27	0.03
Other non-current assets	13.52	11.18	8.94	8.14	8.21
Current assets +	79.0	82.63	84.6	85.22	85.76
Inventories	13.16	10.96	14.95	15.08	11.99
Trade receivables	25.15	27.7	25.25	25.93	24.15
Cash and cash equivalents	32.29	34.97	32.3	30.71	34.44
ST loans and advances	1.71	1.72	0.03	0.03	0.03
Other current assets	6.69	7.28	12.07	13.46	15.15
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,760.9	1,704.1	1,940.4	2,427.3	2,762.0
Sales growth %	3.72	-3.23	13.87	25.09	13.79
Expenses +	1,532.1	1,544.8	1,785.3	2,259.0	2,537.9
Cost of goods	770.8	839.7	997.3	1,300.4	1,453.1
Employee cost	364.0	354.3	387.5	440.8	486.0
Other costs	361.5	318.7	367.5	484.3	567.8
Operating profit +	264.7	191.4	188.1	201.8	255.1
Operating margin %	15.0	11.2	9.7	8.3	9.2
Other income	54.3	61.7	43.6	45.4	61.5
Interest	7.7	3.8	4.0	6.4	4.8
Depreciation	28.2	28.3	29.0	27.1	26.2
Exceptional items	-	-	-	-	-
Profit before tax	283.1	220.9	198.7	213.7	285.5
Tax	102.3	57.2	51.8	57.8	75.8
Profit - disc. ops	-	-	-	-	-
Net profit	180.8	163.8	147.0	155.9	209.7
Net margin %	10.0	9.3	7.4	6.3	7.4

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	97.01	96.51	97.8	98.17	97.82
Expenses +	84.41	87.49	89.98	91.36	89.89
Cost of goods	42.46	47.55	50.27	52.59	51.46
Employee cost	20.05	20.06	19.53	17.83	17.21
Other costs	19.91	18.05	18.52	19.59	20.11
Operating profit	14.58	10.84	9.48	8.16	9.03
Other income	2.99	3.49	2.2	1.83	2.18
Interest	0.42	0.22	0.2	0.26	0.17
Depreciation	1.56	1.6	1.46	1.09	0.93
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	15.59	12.51	10.02	8.64	10.11
Tax	5.63	3.24	2.61	2.34	2.69
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	9.96	9.27	7.41	6.31	7.43

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,767.3	1,710.1	1,947.3	2,435.0	2,770.7
Sales growth %	3.54	-3.23	13.87	25.05	13.79
Expenses +	1,534.9	1,550.3	1,793.8	2,268.6	2,547.8
Cost of goods	770.9	840.6	998.7	1,302.3	1,454.8
Employee cost	368.2	357.9	391.8	445.4	490.9
Other costs	359.5	319.1	369.7	486.6	570.3
Operating profit +	268.7	192.5	187.1	200.7	254.7
Operating margin %	15.2	11.3	9.6	8.2	9.2
Other income	54.2	61.6	45.2	46.3	62.8
Interest	7.8	4.0	4.1	6.6	5.1
Depreciation	28.6	28.8	29.5	27.6	26.7
Exceptional items	-	-	-	-	-
Profit before tax	286.6	221.3	198.6	212.8	285.7
Tax	104.2	57.6	52.2	58.0	76.1
Profit - disc. ops	-	-	-	-	-
Net profit	182.4	163.8	146.4	154.7	209.6
Net margin %	10.0	9.2	7.3	6.2	7.4

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	97.02	96.52	97.73	98.13	97.78
Expenses +	84.27	87.51	90.03	91.43	89.92
Cost of goods	42.32	47.45	50.12	52.48	51.34
Employee cost	20.22	20.2	19.66	17.95	17.32
Other costs	19.73	18.01	18.56	19.61	20.13
Operating profit	14.75	10.87	9.39	8.09	8.99
Other income	2.98	3.48	2.27	1.87	2.22
Interest	0.43	0.22	0.21	0.27	0.18
Depreciation	1.57	1.63	1.48	1.11	0.94
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	15.73	12.49	9.97	8.57	10.08
Tax	5.72	3.25	2.62	2.34	2.69
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	10.01	9.24	7.35	6.23	7.4

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
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	5.5	5.7	6.8	7.8	6.9
Liquidity +
Current Ratio	1.1	1.1	1.1	1.1	1.1
Quick Ratio	0.9	1.0	0.9	0.9	0.9
Interest Coverage	34.5	50.1	47.5	31.7	52.9
Performance
Gross Margin	56.2	50.7	48.6	46.4	47.4
Operating Margin	15.0	11.2	9.7	8.3	9.2
Net Margin	10.0	9.3	7.4	6.3	7.4
Return +
Return on Equity	67.8	64.8	60.4	69.1	76.0
Pre-tax ROCE	101.7	75.9	88.1	108.0	104.3
Return on Assets	12.4	11.3	8.9	8.9	11.0
Pre-tax ROIC	88.6	64.5	65.4	77.4	82.9
Efficiency +
Days Payable	170.0	157.0	179.0	147.0	133.0
Days Inventory	91.0	69.0	90.0	74.0	57.0
Days Receivable	76.0	86.0	78.0	68.0	60.0
Fixed Asset Turnover	16.3	19.3	23.8	26.1	24.5
Total Asset Turnover	1.2	1.2	1.2	1.4	1.4
Working Capital
Cash Conversion Cycle	-3.0	-2.0	-11.0	-5.0	-16.0
Working Capital Days	26.0	27.0	19.0	10.0	14.0

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
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	5.6	5.8	7.0	8.0	7.0
Liquidity +
Current Ratio	1.1	1.1	1.1	1.1	1.1
Quick Ratio	0.9	1.0	0.9	0.9	0.9
Interest Coverage	34.2	48.4	45.7	30.5	49.6
Performance
Gross Margin	56.4	50.8	48.7	46.5	47.5
Operating Margin	15.2	11.3	9.6	8.2	9.2
Net Margin	10.0	9.2	7.3	6.2	7.4
Return +
Return on Equity	69.6	66.1	61.6	70.6	77.8
Pre-tax ROCE	103.5	76.2	87.4	107.2	104.0
Return on Assets	12.5	11.3	8.8	8.8	11.0
Pre-tax ROIC	91.7	66.1	66.3	79.0	84.7
Efficiency +
Days Payable	171.0	158.0	179.0	147.0	134.0
Days Inventory	91.0	69.0	91.0	74.0	57.0
Days Receivable	76.0	86.0	78.0	68.0	60.0
Fixed Asset Turnover	16.3	19.2	23.7	25.8	24.3
Total Asset Turnover	1.2	1.2	1.2	1.4	1.5
Working Capital
Cash Conversion Cycle	-4.0	-3.0	-10.0	-5.0	-17.0
Working Capital Days	25.0	27.0	18.0	10.0	14.0

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
AMAL LIMITED	Active	12.4 Cr	1	Maharashtra
FINENG SOLUTIONS PRIVATE LIMITED	Amalgamated	11.8 L	1	Maharashtra
IND AUST MARITIME PRIVATE LIMITED	Active	2.0 Cr	1	Maharashtra
ICICI PRUDENTIAL TRUST LIMITED	Active	10.1 L	1
ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED	Active	90.0 Cr	1
WESTLIFE FOODWORLD LIMITED	Active	31.2 Cr	1
MAFATLAL INDUSTRIES LIMITED	Active	14.4 Cr	1
I G PETROCHEMICALS LIMITED	Active	30.8 Cr	1
HARDCASTLE RESTAURANTS PRIVATE LIMITED	Active	87.4 Cr	1	Maharashtra
MAHINDRA RURAL HOUSING FINANCE LIMITED	Active	122.9 Cr	1	Maharashtra
JSW ISPAT SPECIAL PRODUCTS LIMITED	Amalgamated	995.5 Cr	1	Maharashtra
SUPRIYA ELEVATOR COMPANY (INDIA) LIMITED	Active	2.7 Cr	2	Tamil Nadu
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

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Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

HIGH LEVERAGE

Low Risk

No risks identified

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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, 71.8 years

Company Email

rutika.pawar@otis.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.

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