The Indian elevator market was valued at USD 6.18 billion by 2023, and it is expected to grow at a CAGR 16.3% between 2024-2030. In India, the elevator market is a mix of traditional traction systems and high-tech modern systems. The demand for elevators will likely increase in the future due to the increasing population of urban areas that have multi-storeyed structures. Elevators are a great way to move quickly, safely and reliably between floors of multi-level buildings. They’re especially helpful for elderly people and those with mobility problems. Home elevators are becoming more popular in multi-level private homes, both for practical and aesthetic reasons. Take a look at India’s top 10 elevator companies for 2025.
Top 10 elevator companies for 2025
1 Otis Elevator India Limited
Otis Elevator India Limited was established in 1953 and is the subsidiary of Otis – the most recognized brand of elevators worldwide. It installs, services and manufactures a variety of elevators for different types of buildings. The company’s product range includes high-rise lifts, which are designed for skyscrapers that house residential apartments, hotels, or offices, as well as mid-rise and low-rise lifts, for buildings up to five floors. The company manufactures moving walks and escalators in addition to elevators.
Otis India offers elevator repair and maintenance. The company has also upgraded old elevator systems.
2. Johnson Lifts Private Limited
Johnson Lifts Private Limited was established in 1963 and is one of the largest manufacturers of elevators in India. The company offers a variety of vertical transportation systems ranging from elevators and lifts to high-rise buildings. Elevator systems can accommodate 6 to 26 people and are available with speeds ranging from 0.6 Mps up to 4.5Mps. The company manufactures passenger elevators as well as car lifts and good lifts.
Johnson Lifts has four manufacturing facilities in Chennai and Nagpur, with a production capacity of more than 18,000 elevators per year and over 1200 escalators.
3. KONE Elevator India Private Limited
KONE Elevator India Private Limited was established in 1984 and is a subsidiary of the Finnish elevator firm, KONE. It is the leading manufacturer of automatic building doors, escalators, and elevators for high-rise residential and commercial buildings. Elevators are available under different brand names such as Office Flow, High-Rise MiniSpace and Digital Experience. The elevators have touch-free entry, digital screens that are customised, large load capacities, and speeds of up to 2.5 Mps.
KONE India offers maintenance services not only for its own elevators, but also for other brands’ vertical transportation systems.
4. Thyssen Krupp Elevator India Private Limited
Thyssen Krupp Elevator India Private Limited was established in 2002. It manufactures, installs, and maintains elevators as well as escalators. The company provides modern machine-roomless traction elevators suitable for low, medium and high rise buildings. The elevators have a range of features including load capacities from 544 kg up to 5000 kg and speeds between 2-8 m/s. They also come with a range of height limits from 21m to 35m.
TKEI provides comprehensive elevator installation services, from shaft construction and lift base installation to installation of lifts and safety checks.
5. Fujitec India Private Limited
Fujitec India Private Limited was founded in 2004 and is a subsidiary of the Japanese multinational, Fujitec Company Limited. The company’s elevator portfolio includes both machine-room and not-machine-room configured passenger lifts, which are sold under the brands Zexia and Rexia. The elevators have a load capacity of 400 kg to 2 000 kg and a speed range from 1-4 m/s.
Fujitec has 10 manufacturing facilities in various countries. The company has R&D centers in Japan, Singapore USA and China.
6. Schindler India Private Limited
Schindler India Private Limited, founded in 1874, is a 100 percent subsidiary of Schindler Group. It produces a variety of mobility solutions such as elevators and escalators. The company produces a variety of passenger elevators. Schindler 1000 is designed for low-to-mid-rise buildings. Schindler 5,500 is for commercial mid-rise building and Schindler 7000 for high-rise. The company offers passenger elevators as well as freight elevators and elevators for special applications.
7. Mitsubishi Elevator India Private Limited
Mitsubishi Elevator India Private Limited was established in 1995 as part of Mitsubishi Electric. It offers high-end escalators and elevators for residential and commercial building. The elevators are sold under different brand names such as DeLITE NEXIEZ NEXWAY ELENESSA. The elevators are available in passenger capacities of 3-33, maximum travel ranges from 15m to 250m and rated speeds between 1.0m/s to 4.0m/s.
8. Hitachi Lift India Private Limited
Hitachi Lift India Private Limited was established in 2008 as a subsidiary by the Japanese company Hitachi. The company offers a variety of vertical transportation systems, including elevators, moving walkways and escalators. The company provides both machine-room elevators and machine-roomless elevators in a variety of high-capacity, high-speed variations for low-rise, mid-rise and high-rise building types. The company also offers residential elevators to private homes.
9. Omega Elevators
Omega Elevators was founded in 1985 and has 45 branches spread across the country. It installs a variety of elevators including dumbwaiter elevators. capsule elevators. bungalow elevators. These elevators are equipped with AI integration, touchless interfaces and smart elevator technology.
10. Express Elevators
Express Elevators was established in 1999 and is one of the top manufacturers of elevators both for residential and commercial buildings. Its range includes a variety of elevators such as passenger elevators (including dumbwaiter and capsule elevators), machine-roomless elevators (including hydraulic elevators), dumbwaiter and capsule elevators.
Conclusion
India is Asia-Pacific’s second-largest elevator market, and top companies are leading the way in meeting the growing demand for mobility solutions and elevators. These companies also invest heavily in AI, and other cutting edge technologies.
