๐๏ธ LT Elevators x Ricardo Elevators: A Strategic Lift-Off ๐
LT Elevators just acquired Ricardo Elevatorsโand itโs more than just an expansion move.
This is about capturing a premium D2C opportunity in Indiaโs booming home elevator market.
๐ Why it Matters:
โ
โน289 Cr combined order book (โน244 Cr โน45 Cr from Ricardo)
โ
~โน6 Cr monthly bookings with 2,000 leads/month
โ
18 physical experience centres across metros
โ
Strong D2C engine powered by digital discovery (Meta, Insta, Google)
โ
90% of orders executable in the next 18 months
๐ง Synergies at Play:
Ricardo brings premium branding & omnichannel presence
LT adds engineering, manufacturing, and pan-India distribution muscle
Together: enhanced pricing power, economies of scale, and quality assurance
๐ฉ Capacity scale-up in progress:
New integrated facility under construction
5x larger than existing setup
Capex go-live by Q4 FY27
๐ฏ Goal: 15% market share in Indiaโs home elevator market by 2030
This acquisition is strategically accretive from Day 1 boosting growth, margins, and execution certainty.
@manishlalwani9 @RMSGrowth @rohiitian