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American multinational conglomerate Revenue: $ 55 Billion Carrier OTIS Aircraft engines, rockets and helicopters UTC fire and security UTC power
Worlds largest in vertical transportation. 1852 Elisha Otis 1976 UTC 60,000 employees. Revenue of $ 12 Billion. 200 countries 2.5 million elevators and escalators. WTC, Eiffel Tower, Empire State Building , PETRONAS twin towers and the Burj Khalifa
Indias No.1 elevator company since 1953. 5000 new units / year. 2200 employees, 40,000 units under maintenance. Engineering centre & Manufacturing plant in Bengaluru. 80 service centres - More than 300 towns & cities.
40,000 units current demand. Growing at 15%, expected demand 70,000 in 3 years. 2nd largest market in the world after China. OTIS market share in India 45%.
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