What we do Aaron Industries Limited manufactures and trades elevator cabins, doors, and components, serving small to mid-sized developers, mainly in India, focusing on quality and design. |
Founded in 2,013 |
Market share Positioned as a mid-segment leader supplying elevators and parts primarily in India with a growing presence in hospital and tier 2/3 city markets. |
Problem solved Provides comprehensive, modern elevator solutions under one roof, solving complex design and component sourcing challenges for builders and developers. |
Top clients or who we serve Small-to-medium property developers across India, including residential, commercial, and hospital sectors; primarily B2B customers. |
Key management Amar Chinubhai Doshi (Chairman & Managing Director) |
Our journey and innovations Founded in 2013 as part of MOTI Group heritage; public listing in 2018; Unit-3 commissioned in 2025; continuous expansion in product range and market. |
Where we operate India with some exports outside India |
Top products or what we offer Elevator cabins, doors, frames, traction machines, and electro-mechanical elevator components. |
Top brands - |
Raw materials needed Steel and related metals used for cabins and elevator components. |
Raw materials supplier Not specified |
Recurring vs cyclical contribution Revenue largely linked to real estate sector cycles but growing demand from hospitals and tier 2/3 cities adds stability. |
Our industry position Strong mid-segment positioning in India; expanding market share in hospital and emerging city elevator segments. |
Financial highlights FY 2025 revenue ₹77.93 Cr; Net Profit ₹8.24 Cr; steady growth over previous years; highest operating income reported. |
Geographical revenue split India ~77 Cr revenue; international less than 1 Cr |
Order book - |
Whats driving growth Demand from growing residential, commercial, and hospital construction in India; product range expansion; strategic capacity addition. |
Our future plans Focus on enhancing manufacturing capacity and product innovation in elevator solutions; recently commissioned Unit-3 plant. |
Our green promise Digital initiatives for reports and communication; specific sustainability efforts not detailed. |
Our people and values Committed workforce upholding quality; no details on diversity or inclusion disclosed. |
Key challenges ahead Exposure to cyclic real estate demand; raw material cost fluctuations; competitive market pressures. |
Interesting facts Part of the historic MOTI Group legacy since 1961 with focus on quality; went public in 2018; uses ESOP for employee retention. |
Risks and strategy Mitigating risks through internal controls, diversification into hospitals and tier 2/3 cities, continuous quality focus. |
