OTIS Elevator Co(India) Ltd.
Otis Elevator Company is the world’s leading manufacturer and service provider of elevators, escalators and moving walkways with a headquarter in Farmington, Connecticut, USA. Present in India, as Otis Elevator Company (India) Limited since 1953, Otis belongs to the United Technologies Corporation, based in Hartford, Connecticut, USA, which is a diversified company providing high technology products and services to the building and aerospace industries. Otis India has its production facility in Bangalore and operates through regional offices across India including Bengaluru, Kolkata, Mumbai and New Delhi.
Otis India’s service network provides 24/7 service and support in Major Metropolitan areas, with service centers throughout India covering more than 300 cities. As you are aware, your Company’s revenue accrues from three major business segments-New Equipment Sales, Service and Modernization.
NEW EQUIPMENT SALES
Your company has been improving share in the segment and will continue the journey to grow our share further. The product portfolio and the sales footprint has been enhanced. Your Company intends to continue to invest further expand the product portfolio and the foot-print to enhance turnkey execution and service capabilities. The Gen2 range has been consistent in
performance and has captured significant share in its segment.
This has helped in the overall share growth. In continuation, your company is further strengthening the Gen2 family. Otis India has launched a new product Gen2 Stream recently. We are also working for more products releases in months to come. Your company will continue to leverage its access to world-class technologies and processes.
Your Company continues to be the largest Company in terms of service portfolio and revenue, in India. Today, we have a network of 97 service centers spread across India, serving more than 300 cities and towns. 24/7 call center and extensive service network ensures speedy and efficient response to customers.
Your Company has registered healthy growth in Service revenue in the year under review. To stay ahead of competition and retain our leadership position, Your Company is investing heavily in digitalization, technology, manpower and skill development.
With new MOD products and increase in the sales coverage your Company has registered growth in modernisation revenues in the year under review. To accelerate the growth further, we are working to launch new up-grade packages for enriching our Service portfolio. Your company is also expanding the foot-print to make the best use of our increasing product offerings.
|70||19||Otis Elevator Company (I) Ltd||Otis International Asia Pacific Pte. Ltd||11599819||0||2020-03-31|
|71||19||Otis Elevator Company (I) Ltd||Public||208403||0||2020-03-31|
Revenue & Margins
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|id||company_master_id||In The News||Date|
|7||19||Elevator Market Excellent Growth 2021 Top Key Players – Otis Elevator Company; KONE Corporation; Schindler; FUJITEC||2021-04-20|
|8||19||Otis Releases Elevator Airflow Study Findings: COVID-19 Exposure on Elevator Ride is Low Risk with Simple Mitigation||2021-01-27|
|9||19||Otis develops Green elevator for affordable housing||2016-11-12|