Otis Elevator Company (I) Limited Unlisted Shares
Otis Elevator Company (I) Limited Unlisted Shares
Otis Elevator Company (I) Limited stands as a premier provider of elevators, escalators, and moving walkways in India. Established in 1953 and a subsidiary of the renowned Otis Worldwide Corporation, the company is a recognized leader in vertical transportation, consistently investing in innovation, high-quality service, and advanced safety solutions. Operating out of Mumbai, Otis leverages global expertise to meet the complex mobility needs of India’s urban and infrastructure landscape.
Company Profile
| Particular | Details |
| Registered Name | Otis Elevator Company (India) Limited |
| Corporate Status | Public (Unlisted) |
| Incorporation Date | October 30, 1953 |
| Registered Address | Magnus Towers, 9th Floor, Mindspace, Malad West, Mumbai |
| Authorized Capital | ₹15 crore |
| Paid-up Capital | ₹11.81 crore |
| Industry Segment | Elevators, Escalators, Lifts, Moving Walkways |
| Parent Company | Otis Worldwide Corporation (Global leader, US-based) |
| Company Status | Active |
Key Areas of Focus
| Focus Area | Details |
| Product Innovation | Advanced elevators, IoT-enabled solutions, modern safety standards |
| Urban Mobility Solutions | Residential, commercial, and infrastructure project expertise |
| Maintenance Services | Comprehensive AMC, modernization, emergency response |
| Sustainable Practices | Energy-efficient models, green manufacturing initiatives |
| Digital Transformation | Remote monitoring, mobile service apps, smart deployment |
| Customer Safety | Industry-leading safety protocols and features |
Business Operations and Market Position
| Aspect | Details |
| Core Operations | Manufacturing, Installation, Service, and Modernization of elevators |
| Geographic Presence | Pan-India (major metros, tier-1/2 cities) |
| Market Share | Among top elevator and escalator providers in India |
| Key Segments | Residential, office, retail, airports, metros, hospitals, hotels |
| Competitive Edge | Robust product portfolio, Otis global technology, localized service |
Core Product Portfolio
| Product | Description |
| Elevators | Low, mid, and high-rise solutions for all sectors |
| Escalators | For airports, malls, metro stations |
| Moving Walkways | Airports, transit hubs |
| IoT Elevator Systems | Gen2®, SkyRise®, Compass®360 for smart mobility |
| Remote Monitoring | Otis ONE® digital maintenance suite |
| Modernization | Upgrading legacy lifts for enhanced performance |
Manufacturing Capabilities and Expansion Plans
| Capability/Location | Current Status | Expansion/Initiatives |
| Mumbai Facility | Advanced manufacturing base | Adoption of Industry 4.0, process automation |
| R&D (Global & Local) | Product adaptation for India | More localized R&D to cater Indian market |
| Installation/Field Network | All major Indian cities | Ongoing scaling to tap Tier-2/3 cities |
| Service Teams & Tech Support | 24×7 all-India coverage | Integration of predictive maintenance |
| Sustainability Goals | ISO Certifications | Green building, energy-saving innovations |
Promoters or Management
| Name | Role/Designation |
| Otis Worldwide Corporation | Holding Promoter |
| Sebi Joseph | Managing Director |
| Bharatkumar Sanjiva Nayak | CFO/Whole-time Director |
| Suma Puthan Naduvakkat | Whole-time Director |
| Anil Vaish | Director |
| Jyotin Kantilal Mehta | Independent Director |
| Manish R Asopa | Director |
| Rutika S Pawar | Company Secretary |
Shareholding Pattern
| Category | % Holding (Approx.) |
| Otis Worldwide (Promoter) | ~95.7 |
| Public/Institutions | ~4.3 |
| Employees/ESOP | Marginal |
Company Fundamentals
| Metric | FY24 (₹ crore) |
| Equity Share Capital | 11.81 |
| Other Equity | 25.75 |
| Net Worth | 37.6 |
| Total Assets | 140.8 |
| ROE | 13.2% |
| EPS (Diluted) | 177.5 |
| Dividend per Share | 150 |
| Current Ratio | 1.05 |
| Debt-Equity Ratio | 0.14 |
Financials
Income Statement (₹ crore)
| Item | FY24 | FY23 |
| Revenue from Operations | 2,770.7 | 2,435.0 |
| Other Income | 62.7 | 46.3 |
| Total Income | 2,833.4 | 2,481.3 |
| EBITDA | 599.2 | 518.2 |
| Profit before Tax | 285.7 | 212.8 |
| Net Profit (PAT) | 207.8 | 154.2 |
| EPS (Basic/Diluted ₹) | 177.5 | 131.0 |
| Dividend per Share | 150 | 100 |
Balance Sheet (₹ crore)
| Item | FY24 |
| Equity Share Capital | 11.81 |
| Reserves and Surplus | 25.75 |
| Lease Liabilities | 19.61 |
| Non-current Liabilities | 8.68 |
| Current Liabilities | 151.8 |
| Total Assets | 140.8 |
Cash Flow (₹ crore)
| Item | FY24 | FY23 |
| Cash from Operations | 202.1 | 193.2 |
| Investing Activities | (2.2) | 11.0 |
| Financing Activities | (195.8) | (175.1) |
| Net cash change | 4.1 | 29.1 |
| Closing Cash Balance | 539.5 | 535.4 |
Annual Reports and Regulatory Compliance
| Aspect | Status |
| Annual Report (FY24) | Published and Audited |
| AGM | Held in September 2023 |
| Quarterly Filings | MCA and ROC compliant |
| Statutory Audits | Regular, completed by reputed auditors |
| Regulatory Filings | Adheres to Companies Act, SEBI, MCA norms |
IPO Preparations and Market Listing Plans
| Milestone | Status/Timeline |
| IPO Application | Not announced |
| Pre-IPO Roadshows | Not disclosed |
| Minimum Lot Size | 35,000-50,000 value or approx. 100 shares |
| Anchor Investor Talks | Not initiated |
| Listing Exchange Plan | No official statement |
| Exit Roadmap for Investors | No committed date; await corporate updates |
FAQs – How to Buy or Sell Otis Elevator Company (I) Limited Unlisted Shares
How can I buy Otis Elevator Unlisted Shares?
You can buy Otis Elevator Company (I) Limited unlisted shares through trusted unlisted share brokers or platforms that facilitate the transfer directly to your demat account after KYC compliance.
What is the minimum lot size for Otis Elevator Company (I) Limited Unlisted Shares?
The minimum lot size for Otis Elevator Company (I) Limited unlisted shares typically ranges from 100 shares or investment of ₹35,000–50,000.
What documents are required for Otis Elevator Company (I) Limited Unlisted Shares transactions?
PAN, Aadhaar, client-master list, demat details, and Delivery Instruction Slip (DIS) are commonly required.
What is the current lock-in period for Otis Elevator Company (I) Limited Unlisted Shares?
A six-month lock-in period applies for pre-IPO shares after the company’s listing, as per SEBI norms.
How are Otis Elevator Company (I) Limited Unlisted Shares transferred between accounts?
Shares are transferred off-market via Delivery Instruction Slip (DIS), either offline or using online DIS if enabled by your broker.
What are the current valuation metrics for Otis Elevator Company (I) Limited?
Valuation is based on last traded price, book value, EPS, and recent private placements; as of July 2025, key metrics include an EPS of ₹177.5 and dividend per share of ₹150.
What makes Otis Elevator Company (I) Limited shares attractive for investment?
Robust brand equity, high market share, strong financials, proven dividend payout history, and assured demand in India’s infrastructure and real estate sectors.
What are the tax implications of Otis Elevator Company (I) Limited Unlisted Shares transactions?
Short-term capital gains (≤24 months) are taxed as per slab rates; long-term gains (>24 months) are taxed at 20% with indexation, and shares are credited directly to your demat account.
Can I pledge Otis Elevator Company (I) Limited Unlisted Shares for loans?
Yes, if your lender accepts unlisted shares as collateral and your depository participant (DP) permits pledging of such securities.
What is the outlook for Otis Elevator Company (I) Limited’s IPO and exit opportunities?
No official IPO plan has been announced. Investors may exit through private sales in the unlisted market or await future public listing developments.
