ESCON Elevators
ESCON Elevators (Escon Elevators Pvt. Ltd.) is a 36-year-old Indian elevator, escalator, and automated parking manufacturer with in-house R&D and pan-India branch coverage, serving residential, commercial, industrial, healthcare, and government customers with new installations, modernization, and recurring maintenance contracts.
- Company typePrivate
- Founded1990
- HeadquartersMumbai, India
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What ESCON Elevators does
ESCON Elevators (Escon Elevators Pvt. Ltd.), founded in 1990 by Mr. Hussain Kunnel and headquartered in Navi Mumbai, India, is a vertically-integrated elevator and escalator manufacturer with in-house R&D and manufacturing at facilities established in 2000 in Mahape and expanded with a new factory completed in 2021. The company sells a portfolio of seven elevator types (passenger, home, stretcher, goods/freight, automobile, observation, dumbwaiter) plus escalators and autowalks and an automated parking line spanning Stack, Puzzle, Tower, and Rotary systems. Technology differentiators include IoT-enabled monitoring, VVVF drives (cited at up to 30% power reduction), PMS motors with LED stand-by, regenerative Blue Energy Drives feeding power back to the grid, and a first-of-its-kind FIFO concept in automobile elevators.
ESCON's go-to-market combines direct enterprise field sales through 11+ branch offices across India with a dealership program for tier-2/tier-3 cities and a direct-to-consumer motion for home elevators via website and social channels. The international footprint is limited to a Kathmandu, Nepal branch operated with local partner Royal Unitech. Revenue is generated through one-time equipment sales (elevator/escalator/parking installation), recurring Annual Maintenance Contracts in multiple tiers, and modernization services for hydraulic, geared, gearless, and escalator systems. Customer concentration spans enterprise and government logos (Lodha, LIC, Indian Oil, Bank of Baroda, AAI, MES, MHADA, BHEL) across real estate, banking, defense, aviation, healthcare, and government-housing segments.
The company operates with 501-1000 employees, holds ISO 9001-2015 certification, is compliant with IS 14665 safety standards, and carries an NSIC CRISIL SE1B performance rating (superior performance and stable financial strength). Pricing is quote-based on specifications (type, capacity, travel height, customization), with no public rate card. Contract cadence is multi-year for maintenance programs.
ESCON Elevators firmographics
Firmographics- Name
- ESCON Elevators
- Legal name
- Escon Elevators Pvt. Ltd.
- Website
- https://esconelevators.com
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- ESCON Elevators (Escon Elevators Pvt. Ltd.) is a 36-year-old Indian elevator, escalator, and automated parking manufacturer with in-house R&D and pan-India branch coverage, serving residential, commercial, industrial, healthcare, and government customers with new installations, modernization, and recurring maintenance contracts.
- Ownership category
- akta.pro rank
ESCON Elevators industry classification
Industry- Product category
- Elevator and Escalator Manufacturing
- NAICS
- Elevator and Moving Stairway Manufacturing (333921)
- akta.pro primary industry
- Elevator, Escalator & Vertical Transportation Installation/Service (IMAFALAI)
- akta.pro secondary industries
- Elevator Modernization & Retrofit (Controllers, Drives, Door Systems) (BPABAIAE), Elevator Remote Monitoring & Predictive Maintenance (IoT/Connected Elevators) (BPABAIAH), Elevator Repair & Emergency Callout Services (BPABAIAG)
Keywords
Where ESCON Elevators is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices14 records
Markets served
ESCON Elevators business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Elevator Manufacturing and Sales: Design, manufacturing, and installation of elevators including passenger, home, goods, automobile, observation, stretcher, and dumbwaiter elevators. Revenue is generated from one-time sale of equipment plus installation charges.
- Escalator and Moving Walk Sales: Manufacturing and installation of escalators and autowalks for indoor and outdoor commercial applications.
- Modernization Services: Upgrading and modernizing existing elevator and escalator systems including hydraulic, geared, and gearless elevators. Covers consultancy, technical audit, repair, replacement, and technology upgradation.
- Maintenance and Technical Services: 24x7 technical support, preventive maintenance, quality audits, safety inspections, and health check-ups for elevators and escalators. Includes multiple maintenance packages (Comprehensive, Semi-Comprehensive, Ordinary, Golden Comprehensive).
- AMC (Annual Maintenance Contracts): Annual maintenance contracts offered in multiple tiers for ongoing elevator maintenance and support.
- Automated Parking Solutions: Stack parking, puzzle parking, tower parking, and rotary parking systems for residential and commercial buildings.
- Repair and Upgrade Services: Module-based replacement, upgrades from manual to automatic lifts, controller upgrades, and safety feature additions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quotation based on elevator specifications |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
ESCON Elevators product offering
Product offeringCore offering
ESCON Elevators designs, manufactures, installs, and services a comprehensive range of elevators (passenger, home, stretcher, freight, automobile, observation, and dumbwaiter), escalators and autowalks, and automated parking systems (Stack, Puzzle, Tower, Rotary). The company also provides modernization services for existing elevator and escalator systems, including technical audits, controller upgrades, and VVVF inverter integration, alongside multi-tier Annual Maintenance Contracts (Comprehensive, Semi-Comprehensive, Ordinary, Golden Comprehensive) backed by 24x7 on-site engineering support across India.
Product overview
ESCON Elevators is a vertical transportation company offering a comprehensive portfolio of elevator and escalator products. The core product line includes seven distinct elevator types: Elevio Passenger Elevators for residential and commercial buildings; Vesta Home Elevators for residential homes; Cura Bed Elevators for healthcare facilities; Hercules Freight Elevators for industrial use; ASTRON Automobile Elevators for car parking; and Aura Observation Elevators with panoramic views. The company also manufactures Escalators and Autowalks for commercial spaces. In addition to new installations, ESCON provides automated parking solutions including Stack, Puzzle, Tower, and Rotary parking systems. Service offerings include modernization programs for hydraulic, geared, and gearless elevators, as well as escalator modernization, repairs, upgrades, and maintenance programs (Comprehensive, Semi-Comprehensive, Ordinary, and Golden Comprehensive packages). The company operates with in-house R&D and manufacturing facilities, serving customers pan-India with 24x7 technical support.
Differentiator
Problem solved
Functional benefit
Products and services
- Elevio Passenger Elevator Passenger elevator for residential and commercial buildings, available in manual and automatic door variants, engineered for energy efficiency, comfortable ride quality, and easy controls with speeds up to 2.0 m/s and capacities of 884-1768 kg.
- Vesta Home Elevator Home elevator for individual residential properties including row houses, bungalows, villas, duplex apartments, and penthouses, operating on single-phase power supply and fitting narrow shafts without requiring a machine room.
- Dumbwaiter Elevator Small freight elevator designed to carry goods rather than passengers in hospitals, hotels, manufacturing units, and airports, operating at 0.25-0.50 m/s with 100-250 kg weight capacity.
- Cura Bed Elevator (Stretcher Elevator) Hospital stretcher lift designed for healthcare, retirement, and spa facilities, spacious enough to hold patients and equipment simultaneously with 800-5000 kg carrying capacity.
- Hercules Freight Elevator Heavy-duty freight elevator for industrial applications designed to handle the full spectrum of goods with heavy-duty car finishes, equipped with VVVF drives and regenerative drive systems for energy efficiency.
- ASTRON Automobile Elevator Car elevator for flexible and luxurious parking designs, available in hydraulic and traction types with carrying capacity from 2500 kg for smaller cars to 5000 kg for SUVs and tempos, and speeds of 0.5-1.5 m/s.
- Aura Observation Elevator Panoramic elevator with glass walls offering spectacular views, available with one, two, three sides, semi-circular, or keyhole window options for malls, hotels, hospitals, and commercial establishments.
- Escalators and Autowalks Power-driven continuous moving stairways for transporting passengers between floors in shopping malls, hospitals, airports, hotels, and public buildings, equipped with the latest technologies for high power savings, low noise, and safety features.
- Stack Parking System Horizontal lift parking system that doubles ground or basement parking space using advanced servo drives and laser-based direction system, with parking time under 1 minute.
- Puzzle Parking System Electromechanically planned parking system for optimal space usage, going vertically up to 7 levels horizontally to available ground space.
- Tower Parking System Vertical lift parking framework that can increase parking capacity up to 20 times in the space required for only 3 parking spaces, featuring a rotary mechanism at the base to pivot the car 180 degrees.
- Rotary Parking System Rotary parking system for maximizing parking in limited spaces, part of the automated parking solution portfolio.
- Maintenance Programs (AMC) Multi-tier Annual Maintenance Contracts (Comprehensive, Semi-Comprehensive, Ordinary, and Golden Comprehensive) performed by trained engineers with preventive maintenance, health status audits, and 24x7 technical support for elevators and escalators.
- Repair and Upgrade Services Module-based replacement, breakdown attendance, manual-to-automatic lift conversion, and controller upgrades with on-site service response within 2 hours.
- Hydraulic Elevator Modernization Modernization of hydraulic elevators including cylinder replacement, power unit renovation, and VVVF inverter technology integration for improved energy efficiency.
- Geared Elevator Modernization Modernization of geared elevators with DC-to-AC motor conversion while reusing existing machine components including sheaves, gears, and bedplates for improved performance and energy efficiency.
- Gearless Elevator Modernization
Quantifiable outcome
- VVVF drive reduces power utilization up to 30%
- +4 more outcomes
Companies that use ESCON Elevators
Customer profileNamed customers18 records
Segments8 records
Ideal customer profiles5 records
ESCON Elevators technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
ESCON Elevators partnerships and signals
Strategic signalScale indicators7 records
Recent moves6 records
Expansion highlights6 records
ESCON Elevators competitors and assessment
Company assessmentDirect peers
- Fujitec India: Japanese elevator specialist with India operations serving commercial and residential customers. Comparable to ESCON in vertical-transportation product range and service-led business model.
- Johnson Lifts: Indian elevator and escalator manufacturer with pan-India presence and a broad portfolio spanning passenger, freight, home and hospital elevators plus modernization services. Closest like-for-like domestic competitor to ESCON in the Indian mid-market elevator segment.
- Bharat Bijlee: Listed Indian electrical engineering company with an elevator division. Direct Indian-origin competitor with similar product breadth across passenger, hospital and freight elevators and modernization services.
Broad incumbents
- Thyssenkrupp Elevator India: German elevator MNC with India presence serving commercial and industrial customers. Overlaps with ESCON in industrial freight elevators, infrastructure projects and modernization.
- Mitsubishi Electric India (Elevators): Japanese major with an India elevator business as part of a broader electrical-equipment portfolio. Competes with ESCON in mid-to-high-rise commercial installations and premium segments.
- Hitachi Elevator India: Japanese elevator MNC serving the Indian market as part of its diversified industrial portfolio. Overlaps with ESCON on commercial, high-rise and infrastructure elevator demand.
- Schindler India: Swiss-Swedish elevator MNC with active India operations across new installations, maintenance and modernization. Competes with ESCON particularly in commercial real estate, transit and infrastructure projects.
- KONE Elevators India: Finnish elevator MNC with strong India footprint covering residential, commercial and infrastructure segments. Competes with ESCON across new installations, modernization and digitally enabled service offerings.
- Otis India: World's largest elevator company and a leading incumbent in India's premium and large-project segments. Directly overlaps ESCON's mid and high-rise offerings with far greater scale, R&D and service network.
Others
- Wittur Group: Global supplier of elevator components (doors, safety gear, car interiors) used by both OEMs and independent service companies. Adjacent to ESCON as an upstream ecosystem participant rather than a head-to-head competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ESCON Elevators social profiles
Digital presenceESCON Elevators compliance and trust
Trust signalCompliance2 records
ESCON Elevators financial estimates
Financial estimateRevenue estimate
Valuation estimate
ESCON Elevators leadership team
Management profileNumber of profiles
Profiles1 record
ESCON Elevators funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ESCON Elevators M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ESCON Elevators
What does ESCON Elevators do?
ESCON Elevators designs, manufactures, installs, and services a comprehensive range of elevators (passenger, home, stretcher, freight, automobile, observation, and dumbwaiter), escalators and autowalks, and automated parking systems (Stack, Puzzle, Tower, Rotary). The company also provides modernization services for existing elevator and escalator systems, including technical audits, controller upgrades, and VVVF inverter integration, alongside multi-tier Annual Maintenance Contracts (Comprehensive, Semi-Comprehensive, Ordinary, Golden Comprehensive) backed by 24x7 on-site engineering support across India.
Is ESCON Elevators a public or private company?
ESCON Elevators is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ESCON Elevators founded?
ESCON Elevators was founded in 1990. It employs 501 to 1,000 people.
Where is ESCON Elevators based?
ESCON Elevators is headquartered in Mumbai, India, in the Asia region.
How does ESCON Elevators make money?
Seven revenue lines are on record. Elevator Manufacturing and Sales are the primary driver. The others are escalator and Moving Walk Sales, modernization Services, maintenance and Technical Services, AMC (Annual Maintenance Contracts), automated Parking Solutions and repair and Upgrade Services.
Who are ESCON Elevators's main competitors?
Direct peers on record are Fujitec India, Johnson Lifts and Bharat Bijlee. Broad incumbents are Thyssenkrupp Elevator India, Mitsubishi Electric India (Elevators), Hitachi Elevator India, Schindler India, KONE Elevators India and Otis India. Wittur Group is listed as an others.
Does ESCON Elevators have an API?
No public API is recorded for ESCON Elevators.
What industry is ESCON Elevators in?
ESCON Elevators's product category is Elevator and Escalator Manufacturing. Its primary akta.pro industry code is IMAFALAI, Elevator, Escalator & Vertical Transportation Installation/Service, with a secondary code of BPABAIAE, Elevator Modernization & Retrofit (Controllers, Drives, Door Systems). Its NAICS code is 333921.