What we do L. T. Elevator Ltd designs, manufactures, installs, and services elevators and automated parking systems, focusing on innovative, energy-efficient vertical transportation solutions. |
Founded in 2,008 |
Market share Leading in eastern India with expanding pan-India presence; targeting 15% share in home elevator market by 2030. |
Problem solved Provides safe, efficient vertical transportation and space-saving parking solutions to residential, commercial, and public sectors. |
Top clients or who we serve B2B and B2C clients including residential complexes, public sector entities, commercial buildings, and private corporates. |
Key management Arvind Gupta, Founder and Managing Director, with deep technology and engineering expertise. |
Our journey and innovations Founded in 2008, converted to public company in 2024, acquired Ricardo Elevators in 2026, expanded into home elevators and automated parking. |
Where we operate Primarily eastern India with growing footprint across India; projects in Silchar and Imphal smart cities. |
Top products or what we offer Passenger and goods elevators, automated parking systems, modular and energy-efficient elevators, direct-to-consumer home elevators. |
Top brands L.T. Elevators flagship vertical transport and parking systems; Ricardo Elevators premium direct-to-consumer home elevator brand. |
Raw materials needed Steel, electronic components, mechanical parts for elevator and parking systems manufacturing. |
Raw materials supplier Local and international suppliers catering to manufacturing demands. |
Recurring vs cyclical contribution Revenue driven by both recurring maintenance contracts and cyclical new elevator and parking system installations. |
Our industry position Emerging leader in eastern India elevator market with rapid growth and pan-India expansion plans. |
Financial highlights FY2025 Revenue ₹56.52 Cr; Net Profit ₹8.94 Cr; strong order book growth post Ricardo acquisition. |
Geographical revenue split Concentrated in eastern India with increasing orders nationwide through acquisition. |
Order book Combined order book of ₹289 Cr as of January 2026, 90% executable within 18 months. |
Whats driving growth Demand for space-efficient home elevators, digitization, premiumization of housing, and urban infrastructure projects. |
Our future plans Expanding manufacturing capacity, integrating Ricardo operations, targeting market leadership in home elevators by 2030. |
Our green promise Committed to energy-efficient product designs and sustainable manufacturing practices (ISO 14001:2015 certified). |
Our people and values Over 800 employees fostering innovation, quality, and customer service excellence. |
Key challenges ahead Scaling production capacity, integrating acquisitions, and competing in fragmented and evolving markets. |
Interesting facts First Indian firm focusing fully on modular, energy-efficient elevators with pioneering automated parking solutions. |
Risks and strategy Mitigating risks through innovation, expanding manufacturing, digital sales, and broad geographic presence. |
