Indian elevator market size stood at a value USD 6.18 billion in the year 2023 and is projected to reach USD 19.53 billion in the year 2030, growing at a CAGR of 16.3% in the 2024-2030 period. The elevator market in India features both traditional traction elevators and modern high-tech systems. With an increasing number of population residing in urban areas with multi-storeyed buildings, the demand for elevators is high and likely to increase in the coming years. Elevators enable swift, reliable and safe movements between various floors in multi-level buildings, and are especially useful for the elderly and people with mobility issues. Private multi-level homes are also opting for home elevators, not only for practical purposes but also for aesthetical reasons. Let’s have a look at the top 10 elevator companies in India for the year 2025.

1 Otis Elevator India Limited

Otis Elevator India Limited, established in the year 1953, is a subsidiary of Otis, the most recognised brand of elevators in the world. It manufactures, installs and services a wide range of elevators suited for diverse kinds of buildings. The product portfolio of the company includes high-rise elevators designed for skyscrapers housing residential apartments, hotels or office spaces, mid-rise elevators and low-rise elevators for buildings with up to 5 floors. Apart from elevators, the company also manufactures escalators and moving walks.

Otis India also provides repair and maintenance services for elevators. The company is also proficient in upgrading old elevator systems.

2. Johnson Lifts Private Limited

Johnson Lifts Private Limited, established in the year 1963, is a major manufacturer of elevators and escalators in India. It offers a wide range of vertical transportation systems, right from lifts for residential buildings and private homes to large elevators for high-rise commercial buildings. The elevator systems are designed for 6 to 26 passengers and available in the speed range of 0.6 Mps to 4.5 Mps. Apart from passenger elevators, the company also manufactures car lifts and goods lifts.

Johnson Lifts operates 4 manufacturing facilities at Chennai and Nagpur with an annual production capacity of over 18,000 elevators and 1200 escalators.

3. KONE Elevator India Private Limited

KONE Elevator India Private Limited, established in the year 1984, is a part of the Finnish elevator company, KONE. It is a leading manufacturer of elevators, escalators and automatic building door for various types of high-rise buildings in the residential and commercial segments. The elevators are provided under various brand names like Digital Experience, Office Flow and High-Rise MiniSpace. Some of the major features of the elevators are touch-free access, customised digital screens, high load capacities and speeds up to 2.5 Mps.

KONE India provides maintenance services for not only its own elevators and escalators but also covers the vertical transportation systems of other brands.

4. Thyssen Krupp Elevator India Private Limited

Thyssen Krupp Elevator India Private Limited, established in the year 2002, manufactures, installs and maintains elevators, escalators, moving walks, stair lifts and airport terminal products. The company offers modern machine-room less traction elevators for low, mid and high rise buildings. Major features of the elevators are load capacities in the range of 544 kg to 5000 kg, speed in 2-8 m/s range and height limit in the range of 21m to 350m.

TKEI offers comprehensive services for elevator installation, right from lift base installation and shaft construction to lift installation and safety checks.

5. Fujitec India Private Limited

Fujitec India Private Limited, established in the year 2004, is the subsidiary of Japanese multinational company, Fujitec Company Limited. Its elevator portfolio comprises of both machine-room and non machine-room configured passenger elevators which are available under the brand names, Zexia and Rexia. Load capacities of the elevators are between 400 kg to 2000 kg while the speed range is 1-4 m/s.

Fujitec operates 10 cutting-edge manufacturing facilities located across many countries worldwide. The company also has R&D centres in Japan, Singapore, USA and China.

6. Schindler India Private Limited

Schindler India Private Limited is a 100% subsidiary of the Swiss company Schindler Group which was established in the year 1874. It manufactures a wide range of mobility solutions, such as elevators, escalators and moving walks. The company manufactures multiple types of passenger elevators, such as Schindler 1000 for low to mid-rise buildings, Schindler 5500 for mid-rise commercial buildings and Schindler 7000 for high-rise buildings. Apart from passenger elevators, the company also offers freight and special application elevators.

7. Mitsubishi Elevator India Private Limited

Mitsubishi Elevator India Private Limited, established in the year 1995 as a part of Mitsubishi Electric, offers high-end elevators and escalators for both residential and commercial buildings. Its elevators come under various brand names like DeLITE, NEXIEZ, NEXWAY, ELENESSA and others. The elevators have passenger capacities in 3-33 range, maximum travel in 15m-250m range and rated speed in 1.0 m/s-4.0 m/s range.

8. Hitachi Lift India Private Limited

Hitachi Lift India Private Limited, established in 2008, is a subsidiary of the Japanese company Hitachi. It provides a wide range of vertical transportation systems like elevators, moving sidewalks and escalators to the Indian consumers. The company offers both machine-room and machine-room-less elevators for various kinds of low, mid and high-rise buildings in multiple high-capacity and high-speed variants. In addition, the company also provides residential elevators for private homes.

9. Omega Elevators

Omega Elevators, founded in the year 1985, is a well known elevator brand in India with 45 branches located all over the country. It manufactures and installs a wide range of elevators, such as passenger elevators, car elevators, goods elevators, dumbwaiter elevators, capsule elevators, bungalow elevators and more. The elevators feature AI integration, smart elevator technology and touchless interfaces.

10. Express Elevators

Express Elevators, established in the year 1999, is among the leading manufacturers of elevators for both residential and commercial buildings. Its portfolio comprises of a wide range of elevators, such as hydraulic elevators, pneumatic elevators, machine-room-less elevators, passenger elevators, capsule elevators, dumbwaiter elevators and more.

Conclusion

India is the second largest elevator market in the Asia-Pacific region, and the top companies are at the forefront in meeting the rising demands for elevators and other mobility solutions. The companies are also investing heavily in AI and other cutting-edge technologies.