Otis Elevator Company (India) Ltd
- Unlisted share
- Industrials & Engineering
- ISIN INE099A01022
At a glance
Sales
FY25
₹3,153 Cr
+14.2%on FY24What the company earned from its customers in the year.
Net worth
FY25
₹456 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Otis Elevator Company (India) Ltd
- ISIN
- INE099A01022
- Sector
- Industrials & Engineering
- Type of share
- Unlisted equity share
- Indicative price per share
- On request
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Otis Elevator Company (India) Ltd
Otis Elevator Company (India) Limited is the Indian arm of the US lift and escalator maker Otis; it sells, installs, modernises and services lifts and escalators across the country from its head office in Mumbai. The Indian business was formed in 1953. It is a subsidiary of Otis International Asia Pacific Pte Ltd, which held 98.24% of the shares at 31 March 2025, with the balance of about 1.76% spread over some 2,500 public shareholders.
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Industrials & Engineering
- ISIN
- INE099A01022
- Parent / promoter
- Otis International Asia Pacific Pte Ltd (holding company, 98.24%)
- Key people
- Managing Director: Sebi Joseph; CFO and Whole-time Director: Bharatkumar Sanjiva Nayak; Company Secretary: Rutika Pawar
- Equity shares outstanding
- 1,18,08,222 shares
- CIN
- U29150MH1953PLC009158
- Website
- otis.com
Read from: Otis India annual return (Form MGT-7) 2024-25, company website, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
- Indicative price
- On request
- No. of shares
- 1,18,08,222
- Book value per share
- ₹385.96
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2024-25. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Otis Elevator Company (India) Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY23 to FY25: ₹2,427 Cr to ₹3,153 Cr.
| Particulars | FY23 | FY24 | FY25Latest |
|---|---|---|---|
| Turnover (as reported in the annual return) | 2,427.31 | 2,761.96 | 3,153.1▲14% |
Rupees crore unless marked, standalone. The change shown is the latest year against the year before. Read from: Otis India annual return (Form MGT-7) 2022-23, company website, Otis India annual return (Form MGT-7) 2023-24, company website, Otis India annual return (Form MGT-7) 2024-25, company website.
Ownership
Shareholding pattern
Who owns the company
As of 31 March 2025
98.2%Promoter: Otis International Asia Pacific Pte Ltd
- Largest holder
- 98.2%
- Top 3 together
- 99.9%
- Holders named
- 6
- Promoter: Otis International Asia Pacific Pte Ltd98.24%
- Public: Indian individuals / HUF1.63%
- Public: foreign nationals0.05%
- Public: bodies corporate0.04%
- Public: trusts, LLPs and HUFs (others)0.03%
- Public: banks0.01%
- Total100.00%
Read from: Otis India annual return (Form MGT-7) 2024-25, company website
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 2024-08Members were asked by postal ballot (voting 1 to 30 August 2024) to approve cancelling the 2,08,403 shares held by public shareholders (1.76%) at ₹4,311.60 a share, the fair value in a registered valuer's report dated 23 July 2024, subject to NCLT sanction; this would leave the Otis parent with 100%. The scrutiniser's report dated 3 September 2024 records the special resolution as passed (1,16,02,304 shares for, 10,949 against); the NCLT's decision was not found. | Capital reduction (proposed) | Equity shares | ₹4,311.6 | Not stated |
Read from: Otis India postal ballot notice
Leadership
Management
Sebi Joseph
Managing Director
Bharatkumar Sanjiva Nayak
Whole-time Director and CFO
Suma Puthan Naduvakkat (Suma P N)
Whole-time Director
Anil Vaish
Director
Manish R Asopa
Director
Jyotin Kantilal Mehta
Director
Rutika Somdatta Pawar
Company Secretary
Read from: Otis India annual return (Form MGT-7) 2024-25, company website
Corporate calendar
Events
- 29 Sept 2025AGM71st annual general meeting, held by video conference; accounts for FY2024-25 adopted, no dividend item on the agendaOpen
- 27 Sept 2024AGM70th annual general meetingOpen
- 3 Sept 2024Postal ballot resultScrutiniser reported the capital reduction resolution passed: 1,16,02,304 shares voted for and 10,949 against (28 members for, 39 against)Open
- 1 Aug 2024Postal ballotPostal ballot opened on a selective capital reduction to buy out public shareholders at ₹4,311.60 a shareOpen
- 1 Apr 2024Board changeJyotin Kantilal Mehta appointed additional directorOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
- FY2024-25Notice of 71st AGM (2025)
- FY2024-25Annual Return 2024-25 (Form MGT-7)
- FY2024-25Scrutiniser's report on the 71st AGM (2025)
- FY2023-24Notice of 70th AGM (2024)
- FY2023-24Annual Return 2023-24 (Form MGT-7)
- FY2022-23Annual Return 2022-23 (Form MGT-7)
- 2024Postal ballot notice: reduction of equity share capital
- 2024Scrutiniser's report on the postal ballot (capital reduction), 3 September 2024
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Otis Elevator Company (India) Ltd on WhatsAppIs the price shown for Otis Elevator Company (India) Ltd final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Otis Elevator Company (India) Ltd shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Otis Elevator Company (India) Ltd shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Otis Elevator Company (India) Ltd. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.