The Indian elevator industry has long been dominated by multinational players such as KONE, Schindler, Otis, and Mitsubishi. However, Ricardo Elevators, under the leadership of Sagar Kallepelly, is demonstrating that Indian companies can compete effectively through localisation and operational control.
Ricardo Elevators differentiates itself through custom-built solutions, designed specifically for Indian homes and commercial spaces. The company’s zero-outsourcing model ensures complete control over quality, cost, and timelines.
Sagar Kallepelly’s leadership has enabled the company to deliver global safety standards at Indian price points, making elevators accessible beyond metropolitan luxury projects. Its EMI offerings further widen its customer base.
With awards from GMV, FM Radio, and recognition from the Times of India, Ricardo Elevators is gaining strong industry credibility. The upcoming launch of the zero-pit traction elevator further strengthens its innovation credentials.
As the company expands nationally and explores international markets, Ricardo Elevators stands as a powerful example of Indian manufacturing excellence challenging global incumbents.
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