Sicor India Private Limited

What Sicor India Private Limited does

Sicor India Private Limited is a wholly-owned Indian subsidiary of Italian elevator traction machine designer and manufacturer Sicor S.r.l. (Sicor Italy), established in 2014 and operating from a manufacturing facility in Sriperumbudur Taluk, Kancheepuram District, Tamil Nadu. The company designs and produces geared and gearless traction machines for elevator and lift OEMs, adapting Sicor Italy's original designs for Indian market compliance. Core product lines include the GEARED Series reducers and the GEARLESS Series, which spans three sub-families: SGI (cantilevered pulley, machine-room-less), SGP (high-capacity up to ~1,768 kg and speeds up to 4 m/s) and SGB (belt machines for home lifts and low-rise buildings). The company also offers custom design services, after-sales support and spare parts, including for legacy equipment.

Sicor India operates with a stated annual production capacity exceeding 15,000 machines, augmented by a dedicated one-piece flow assembly line for gearless machines commissioned in February 2022 with capacity for 8,000 units per year. It is ISO 9001 certified across quality, environment, health and safety systems. Customers are elevator and lift manufacturers and installers serving new construction and modernization projects in India, Pakistan, Bangladesh and select Southeast Asian markets. The company distributes through direct sales from its Chennai headquarters and leverages its parent's global authorized distributor network across more than 25 countries for international reach.

The business model is predominantly B2B hardware sales of traction machine units, complemented by spare parts and after-sales service revenue. Pricing is not publicly disclosed and is quote-based via the company's sales email and phone channel. Strategic positioning emphasizes Italian design heritage, energy efficiency, low noise, compact form factors suitable for machine-room-less installations, and a 36-month warranty on new products that mirrors the parent company's Italian-made offering.

Name

Sicor India Private Limited

Legal name

Sicor India Private Limited

Website

https://sicorindia.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Sicor India Private Limited is a Tamil Nadu-based manufacturer of geared and gearless elevator traction machines, wholly owned by Italian parent Sicor S.r.l. It supplies elevator OEMs in India, Pakistan, Bangladesh and Southeast Asia, supported by a 15,000+ machine annual capacity and ISO 9001 certification.

Ownership category

akta.pro rank

Product category

Elevator Components

NAICS

Elevator and Moving Stairway Manufacturing (333921), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336)

SIC

Special Industry Machinery, Nec (3559), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Elevator Modernization & Retrofit (Controllers, Drives, Door Systems) (BPABAIAE)

akta.pro secondary industry

Dumbwaiter & Material Lift Service & Maintenance (BPABAIAJ)

Keywords

• Elevator traction machines
• Geared elevator motors
• Gearless elevator drives
• Elevator components
• Vertical transportation equipment

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Elevator Traction Machines: Sicor India generates revenue through the manufacturing and sale of geared and gearless traction machines for the elevator industry. Products include complete machine units along with spare parts and after-sales services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Sicor India Private Limited manufactures elevator traction machines, offering both geared and gearless series for the elevator industry. The company produces traction machinery used by elevator OEMs and component distributors, with a production capacity of 15,000+ machines per year out of its facility in Chennai, Tamil Nadu. It operates as a localized manufacturing arm of parent company Sicor S.r.l. (Italy) for the South Asian market.

Product overview

Sicor India Private Limited manufactures elevator traction machines, organized into two main product lines: GEARED Series (reducers/lifting machines for traditional elevator installations) and GEARLESS Series (energy-efficient machines for modern installations with or without machine rooms). The GEARLESS Series includes three sub-series: SGI Series (cantilevered pulley design for reduced dimensions), SGP Series (standard gearless machines for various capacities), and SGB Series (belt machines for home lifts and low-rise buildings). Production capacity exceeds 15,000 machines per year. The company also provides complementary services including custom design and realization, after-sales assistance, and spare parts support.

Differentiator

Problem solved

Functional benefit

Products and services

• GEARED Series Elevator Traction Machines
• GEARLESS SGI Series Elevator Traction Machines
• GEARLESS SGP Series Elevator Traction Machines
• GEARLESS SGB Series Elevator Traction Machines
• Elevator Installation and Maintenance Services

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• SICOR Italy (Sicor S.r.l.)coreStrategic or Co-development Partner · 1 January 2014SICOR INDIA PRIVATE LIMITED is a subsidiary of SICOR ITALY established in 2014. The company uses original design from Italy with modifications to comply with local Indian requirements. SICOR Italy, based in Rovereto (TN), is the parent company with over 40 years of experience in designing and producing traditional reducers and gearless machines for lifts. The Italian parent provides design expertise, technical specifications, and brand identity to the Indian subsidiary.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• TK Elevator (ThyssenKrupp Elevator): TK Elevator is a major global elevator OEM that develops and manufactures its own traction machines and motors (including the MULTI ropeless elevator). It competes with Sicor India for elevator component supply and modernization projects worldwide.
• ABB India: ABB is a global industrial motor and drives manufacturer with a significant Indian presence. While ABB offers a broad portfolio beyond elevators, its industrial motors and variable-frequency drives compete with Sicor India's gearless traction machines in premium segments and adjacent elevator drive applications.
• Schindler: Schindler is a global elevator OEM with in-house drive and motor technology (e.g., PORT transit systems and gearless machines). As a vertically integrated competitor and potential customer, Schindler is relevant for benchmarking Sicor India's technology roadmap.
• KONE: KONE is a global elevator OEM that manufactures its own EcoDisc motors and drive systems in-house. As an integrated elevator company, KONE represents both a potential customer and a competitor, defining the technology and quality benchmarks Sicor India must meet to win OEM business.
• Otis: Otis is the world's largest elevator OEM with its own motor manufacturing capabilities (e.g., the Geared Machine and Gen2 family). It competes with Sicor India for OEM and modernization contracts and sets performance standards for elevator traction equipment globally.

Emerging players

• Nidec Corporation: Nidec is a global leader in electric motors, including elevator traction motors and gearless machine systems. As an emerging player in the elevator motor segment through acquisitions and product launches, Nidec competes with Sicor India for OEM traction machine business.
• Fuji Electric: Fuji Electric manufactures elevator-specific motors and drives that compete with Sicor India's gearless machines, particularly in Asian markets. Its motor technology and energy-efficient drives overlap with Sicor India's SGI/SGP product positioning.

Direct peers

• Bharat Bijlee: Bharat Bijlee is a major Indian manufacturer of electric motors, including specialized elevator motors and drives. It competes directly with Sicor India in supplying elevator traction motors to Indian OEMs, with a broader industrial motor portfolio providing scale advantages.
• Sicor S.r.l. (Sicor Italy): Sicor India is a wholly-owned subsidiary of Sicor Italy and uses its parent's original Italian designs with local modifications. Sicor Italy designs and produces the same geared and gearless traction machine categories globally, making it the most directly comparable peer and the source of IP, brand, and warranty backing.
• Monarch Electric: Monarch Electric is an established Indian manufacturer of elevator motors and traction machines, directly competing with Sicor India in the domestic geared and gearless machine market. Both companies serve Indian elevator OEMs with comparable product ranges and overlapping customer segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/SicorIndia.Elevantis
• LinkedInlinkedin.com/company/sicor-india-engineering-private-limited

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sicor India Private Limited