The Most Reliable Lift & Elevator Companies in 2024 July2024

1. DUTR www.industryview.com July, 2024 Soaring High The Impact of Ver?cal Mobility on Urban Density and Sustainability Sky's the Limit The Ver?cal Mobility Revolu?on Transforms Our Ci?es and Communi?es Sujay Sudarshan, Executive Director, Professional Elevators Uplifting the Vertical Transporation Systems with Relentless Innovation

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5. ’sNote Note Ver?cal Up-li?ers Eleva?ng Indian Infrastructure T he lift and elevator industry is undergoing a significant transformation in 2024, driven by advancements in technology, a heightened focus on safety, and a commitment to sustainability. As urbanization continues to rise and infrastructure projects expand, the demand for reliable and efficient vertical transportation solutions has never been greater. Leading companies in this sector are not only enhancing their product offerings but also redefining industry standards through innovative practices and customer-centric approaches. climate change and environmental challenges, companies are increasingly adopting eco-friendly practices in their operations. This includes using sustainable materials, optimizing energy consumption, and developing systems that minimize carbon footprints. By prioritizing sustainability, these companies not only meet regulatory requirements but also align with the growing demand from consumers for environmentally responsible solutions. Furthermore, the most reliable lift and elevator companies are characterized by their customer-centric approach. They engage closely with clients to understand their specific needs and challenges, offering tailored solutions that enhance operational efficiency and user satisfaction. This collaborative mindset fosters long-term partnerships and positions these companies as trusted advisors in the vertical transportation space. At the forefront of this evolution are companies that prioritize research and development, investing in cutting- edge technologies such as IoT integration, AI-driven predictive maintenance, and energy-efficient systems. These innovations not only improve the performance and reliability of lifts and elevators but also enhance user experience by providing seamless connectivity and real- time monitoring. By leveraging smart technologies, manufacturers can ensure that their products are not only functional but also intelligent, adapting to the needs of modern buildings and their occupants. As we look ahead, the lift and elevator industry is poised for continued growth and innovation. ‘The Most Reliable Lift & Elevator Companies in 2024,’ of The Industry View, that embrace technological advancements, prioritize safety and sustainability, and maintain a strong focus on customer needs will undoubtedly lead the way. In this dynamic landscape, the most reliable lift and elevator manufacturers are not just providers of equipment; they are key players in shaping the future of urban mobility and infrastructure development. Safety remains a paramount concern in the lift and elevator industry. As regulations become more stringent, companies are proactively implementing advanced safety features and rigorous testing protocols to ensure compliance and protect users. This commitment to safety is complemented by comprehensive training programs for technicians and maintenance personnel, ensuring that the highest standards are upheld throughout the lifecycle of the equipment. Gaurav PR Wankhade Managing Editor Sustainability is another critical focus area for leading lift and elevator manufacturers. As the world grapples with

6. Profiles Profiles A Symbol of Vertical Trust 18. Cibes Lift India Pvt Ltd Your Partner for Safest, Secure, Reliable, and Innovative Lifts A Reliable Partner in Vertical Mobility - Leo’s Elevator Components Marketing Pvt Ltd 22. Fostering All Your Elevator Needs Articles Articles Soaring High The Impact of Vertical Mobility on Urban Density and Sustainability 14. Sky’s The Limit The Vertical Mobility Revolution Transforms Our Cities and Communities 30.

7. C O N T E N T 08. Cover Cover Story Uplifting the Vertical Transporation Systems with Relentless Innovation

8. Credits DUTR Vol: 07 Issue:01 2024 www.industryview.com Soaring High The Impact of Ver?cal Mobility on Urban Density and Sustainability Sky's the Limit The Ver?cal Mobility Revolu?on Transforms Our Ci?es and Communi?es Sujay Sudarshan, Executive Director, Professional Elevators Editor-in-Chief Abhishek Joshi Uplifting the Vertical Transporation Systems with Relentless Innovation CONTENT Managing Editor: Gaurav PR Wankhade Assisting Editor : Prajakta Zurale www.twitter.com/theindustryview www.facebook.com/theindustryview/ WE ARE ALSO AVAILABLE ON WE ARE ALSO AVAILABLE ON DESIGN Visualizer: Sandeep Tikode Art & Design Director: Sameen Arif Associate Designer : Nagaraj Patil SALES Vice President : Swapnali Vasaikar Asst. Vice President : Tejaswini Whaval Sr. Team Leader : Suraj Gadekar BDE : Rashmita Wade Email sales@theindustryview.com For Subscription www.theindustryview.com Copyright © 2024 The Industry View, All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from The Industry View. Reprint rights remain solely with The Industry View. TECHNICAL Technical Head : Prachi Mokashi Technical Specialist: Rajeshwari Avhad Technical Consultant : Tanaji Fartade SME-SMO July, 2024 Cover Price: Rs.300/- Research Analyst : Renuka Kulkarni SEO Lead : Nikita Khadalkar

9. Company Featuring Brief Cibes Lift India is the direct subsidiary of Cibes Lift Group, Leo's Elevator Components Marketing Pvt Ltd is a Omega Elevators is a hallmark of reliability and Professional Elevators is the number one company in the the world's leading manufacturer of high-end screw- single source of supply for complete kit for elevator outstanding service in the elevator industry, known for hydraulic elevator manufacturer company in South India driven home elevators based in Sweden. assembly as well as a range of elevator components. delivering superior service to customers in India. having more than 80% of the total market share in Nidhi Gupta, Managing Director Cibes Lift India Pvt Ltd Karthik Balachandran Sharma, Director Leo's Elevator Components Marketing Pvt Ltd Sameep Desai, Managing Director Omega Elevators Sujay Sudarshan, Director Tamil Nadu. Professional Elevators The S&G Elevator Service is an ISO 9001:2015 & ISO 45001:2018 certi?ied company providing the best solutions Gagan Bhatnagar, Founder and Managing Director for your elevators. S&G Elevator Service

10. Story Uplifting the Vertical Transporation Systems with Relentless Innovation “ “ Professional Elevators has always been on top of the technology game and with its engineering marvels, it has created innovations in the elevator eld.

11. Sujay Sudarshan, Executive Director, Professional Elevators

12. The Most Reliable Li? & Elevator Companies in 2024 E A Passionate Leader levators are crucial elements in the efficient operation of buildings, ensuring the comfort of their occupants. Providing the most convenient way of inter-building connections and vertical transportation systems, the elevator industry grows with novel approaches and better services. Professional Elevators led by its Executive Director, Sujay Sudarshan, is one such company with inventive approaches that is constantly thriving with the addition of new verticals. The company has been instrumental in introducing the MRL (Machine Room Less) and LMR (Lift Motor Room) verticals for elevators which has set a benchmark in the lift industry. The secret to a company’s success is good leadership and it is all about making the lives of your team members or workers better, standing by their side all the time. Sujay is an enthusiast whose leadership skills have not only uplifted Professional Elevators but also his employees. Elaborating on his leadership ways, he says, “I am someone who will never take no for an answer. I will want to get the job done. And I am not somebody who will sit behind in the office in an AC cabin and instruct people. I am somebody who goes to the sites. I do my regular site visits regardless of timings.” A Fine Establishment Happily, this approach by Sujay motivates the company’s installation team as inspite of the barrage of managers above them, the Head of the company visits the sites. When it comes to the Service Department or the Sales Department, he always encourages them to do things independently, gives them responsibility and empowers them by building confidence in them. Sujay’s father started as an elevator technician in one of the largest companies in the world back at that time. After a vast experience of 16 years, he decided to start his own venture and that’s how Professional Elevators was born in 1999. Watching his father establish a small venture and grow it into a successful business motivated Sujay to enter this field and in 2014, he joined the company. Being at the helm, he has been constantly working on scaling the company with novel approaches. A work enthusiast and passionate leader, Sujay holds a mission to make the company become an industry leader by achieving the highest market share in the hydraulic and traction elevator industry. Green Ways Social Responsibility and a sustainable future are the two important aspects towards the environment and being a leader in the industry, Professional Eleavors has also taken vital initiatives. The company has moved towards using energy-efficient motors (green motors). These have contributed to reducing the carbon footprint of the elevator and the company plans to focus on the same and improve the current efficiency ratings in the next 5 to 6 years. Customers->Safety->Quality The guiding philosophy of Professional Elevators revolves around keeping customer satisfaction on top of everything. Apart from that, the company also always considers safety as the most important aspect of all of its products and never compromises on safety. In addition to customer satisfaction and safety measures, the company has maintained the quality of its products and services for the last two and a half decades—the main reason why customers are satisfied. Landmark Project of Professional Elevators ‘Impossible is just a word, it cannot be an emotion that demotivates you.’ Such a motivating thought inspired the team of Professional Elevators to complete one of the key projects that the company executed—Apollo Hospitals in Chennai, the Apollo Proton Cancer Centre. It is the largest cancer hospital in all of Asia where the company completed almost three elevators with a carrying capacity of 3,000 kgs and a landing of 10 or 11 stops in less than 25 days. Refashioning: Survival of the Fittest! Now a world where expansion is inevitable and advancements are part and parcel of growth, adapting and improvising are very important. Organizations ought to keep their eyes and ears open to their clients and their requirements. In the case of Professional Elevators, introducing touchless elevators during the period of COVID-19 was adapting to that scenario, that was a need of the hour and that was a huge success for the company. The company achieved what was believed to be impossible and this remarkable success was a result of the cumulative efforts of expert leaders and a brilliant team despite numerous odds. “That also changed how our company was looked at in the industry and also by the customers. We adhered to very strict timelines and we were able to

14. Additionally, to avoid conflict, the company arranged emergency passes for the entire company from the government to assist people who are in need of elevator repair or malfunction including attending emergency calls. With its effective efforts, Professional Elevators managed to go the extra mile and helped other elevator companies with their elevator services and breakdowns. manufacture and deliver the product in time. Though the project was implemented about five years ago, the elevators are perfectly fine and working appropriately,” adds Sujay. Conquering the Digital Game Professional Elevators has always been on top of the technology game and with its engineering marvels, it has created innovations in the lifts and elevator field. Thriving in the digital age of today, the company has been successful in incorporating internet and cloud technology with elevator functions. These advanced technologies enable the team at Professional Elevators to monitor the performance of elevators sitting in the office. As the elevators are primarily connected to the cloud, in case of any emergency or malfunction, the experts are already at the elevator to rectify it, even before a customer comes to know about it. Advice to Aspirants In his advice to aspirants who wish to be an entrepreneur, Sujay says, “It’s more of, not an advice, but more of giving them an idea as to how the life of an entrepreneur is. It’s not a bed of roses. Every single day you have a new challenge, or rather every single hour you’ll be facing new challenges. For that, you will have to be on top of the pressure game. You will have to learn to deal with it.” Empowering the Expert Team Sujay adds that it is very difficult to address the challenges in the beginning and furthers with an illustration of his journey which started a decade ago. “Ten years ago when I joined the company, I always thought it was going to be a piece of cake and life is going to be very easy, but it definitely isn’t. The workforce is the cornerstone of any company and it is very important to have an extremely motivated and skilful team. Regardless of the company status, what matters is the expert and motivated employees that build strong foundations of organizations. Professional Elevators arranges regular training for its employees and keeps them motivated with various team-building activities. Moreover, the company empowers its employees by giving them a certain level of autonomy to make their own decisions and to proceed. Being an entrepreneur, you also have the responsibility of ensuring that you keep the families of everybody working for you, under you, or with you, also safe. If you fail, there are so many families that might fail because of you. For that, you always have that sense of responsibility also and be ready to handle all of these pressures in life. And only if you can handle it, you can get into the world of entrepreneurship,” adds Sujay. Staying Around the Clock! Challenges are the gifts that force us into finding new gravity and overcoming them makes the business meaningful and successful. Professional Elevators also faced adversities during COVID-19. However, it was the efforts of its team that led the company towards success. So this is not based on a project where you know we came on top of the adversity. The technical team at Professional Elevators was ready to work to help people living in apartments in case of breakdowns of elevators or malfunction of elevators. “We were always there around the clock working even during COVID. Not a single member of my staff denied to work and was scared of the pandemic. For people on upper floors to utilize the elevators properly, they should be in perfect working condition and we focused on that,” adds Sujay. Future Plans A distinguished company like Professional Elevators holds a great future. It adheres to its vision of contributing towards nation-building. Extending this thought for a nationwide approach, the company also aims to play a role in building India with a superior urban landscape. Sujay expresses enthusiastically that the company wishes to contribute towards making tall buildings more efficient, vertical transportation more efficient and become one of the largest companies in the world.

16. The Impact of Vertical Mobility on Urban Density and Sustainability Soaring High 14 | www.theindustryview.com

17. U which encompasses the development of tall buildings and efficient vertical transportation systems like elevators and escalators, is becoming a crucial strategy in addressing these issues. rbanization is on the rise, and with it comes the pressing challenge of managing urban density while promoting sustainability. Vertical mobility, As cities across the globe grapple with population growth and limited land resources, the concept of vertical cities – megastructures with a focus on high-rise living and development – is gaining traction. A crucial element of vertical cities is vertical mobility, the efficient movement of people within these towering structures and between them. Understanding the impact of vertical mobility on urban density and sustainability is key to planning for the future of our cities. Up, Up, and Away: Vertical Mobility Solutions Vertical mobility encompasses a variety of transportation systems designed to navigate the vertical dimension of a city. This includes: Elevators: The workhorse of vertical mobility, elevators are constantly evolving to become faster, more energy-efficient, and handle higher capacities. Escalators: Efficient for moving large numbers of people short distances, escalators are a staple of transportation hubs and shopping centers within vertical cities. Moving walkways: These horizontal conveyors can ease congestion in high-traffic areas within vertical structures. Emerging Technologies: Future advancements may see the rise of skytran pods, hyperloop systems, or even passenger drones, further transforming vertical mobility. The Two Sides of the Density Coin: Urban Density and Sustainability Urban density refers to the number of people living in a particular area. Vertical cities, by their very nature, promote high-density living. This has both advantages and disadvantages when it comes to sustainability. Advantages: Reduced Land Use: Vertical cities require less land for development, preserving green spaces and reducing urban sprawl. 15 | www.theindustryview.com July, 2024

18. Promoting Sustainable Living This can have a positive impact on biodiversity and ecosystem services. High-density living facilitated by vertical mobility promotes a more sustainable lifestyle. Residents of high- rise buildings typically have better access to amenities and services within walking distance, reducing the need for long commutes. Moreover, the concentration of people in a smaller area makes it feasible to implement green technologies, such as centralized heating and cooling systems, solar panels, and green roofs, which are more efficient at larger scales. Improved Efficiency: High-density living can lead to shorter commutes and more efficient use of resources like water and energy. Shared infrastructure and utilities can also contribute to lower energy consumption. Enhanced Accessibility: Vertical cities can offer greater access to public transportation, amenities, and essential services, all within walking or cycling distance. Disadvantages: Fostering Economic Growth Increased Strain on Infrastructure: High-density living can put a strain on existing infrastructure, such as waste management and water supply systems. Careful planning and infrastructure upgrades are essential. Vertical mobility also drives economic growth by creating opportunities for mixed-use developments. These developments, which combine residential, commercial, and recreational spaces in one location, create vibrant communities that attract businesses and tourists. The economic benefits of such developments extend to job creation and increased property values, contributing to the overall prosperity of urban areas. Potential Social Challenges: Densely populated areas can lead to social isolation and a lack of green space, impacting mental and physical well-being. Social infrastructure and community spaces need to be considered in the design of vertical cities. Addressing Social Challenges Energy Consumption of Vertical Mobility: The efficient movement of people within vertical cities requires energy. The type of technology used for vertical mobility will significantly impact the overall sustainability of these structures. While vertical mobility offers numerous benefits, it also presents social challenges that need to be addressed. High- rise living can lead to social isolation and a lack of community interaction if not properly managed. Urban planners and architects must design buildings and communities that foster social connections, such as common areas, green spaces, and community centers. Optimizing Urban Space Innovative Solutions Vertical mobility allows cities to optimize the limited space available. By building upwards instead of outwards, cities can accommodate more residents and businesses within the same land area. This densification reduces urban sprawl, preserving natural landscapes and agricultural lands on the outskirts of cities. Technological advancements are continuously improving the efficiency and sustainability of vertical mobility systems. Smart elevators that optimize energy use, green building materials, and innovative architectural designs are just a few examples of how technology is enhancing the impact of vertical mobility on urban density and sustainability. Enhancing Transportation Efficiency Efficient vertical transportation systems within high-rise buildings contribute to the overall sustainability of urban mobility. Modern elevators and escalators are designed to be energy-efficient, reducing the carbon footprint of building operations. Additionally, vertical mobility reduces the reliance on horizontal transportation methods, such as cars and buses, which are major sources of urban air pollution and traffic congestion. 16 | www.theindustryview.com Vertical mobility is a powerful tool in the quest for sustainable urbanization. By optimizing space, enhancing transportation efficiency, promoting sustainable living, fostering economic growth, and addressing social challenges, vertical mobility contributes significantly to the creation of resilient, vibrant, and sustainable cities. As urban areas continue to grow, the integration of vertical mobility solutions will be essential in shaping the future of urban living. July, 2024

19. Setting goals is the first step in turning the invisible into the visible. - Tony Robbins

20. A Symbol of Vertical Trust Cibes Lift India Pvt Ltd Your Partner for Safest, Secure, Reliable, and Innovative Lifts 18 | www.theindustryview.com July, 2024

21. The Most Reliable Lift & Elevator Companies in 2024 T luxury; it's an absolute necessity. We entrust these systems with our safety and well-being every time we step aboard. challenges and expectations, it tailors products and services to serve their evolving requirements better. rust is paramount in vertical mobility. In the world of elevators and lifts, trust isn't a rigorous testing and adheres to the highest quality standards. We prioritize reliability to ensure smooth operation and safety for our customers, fostering trust and confidence in our brand." *Agile Manufacturing and Supply Chain: Cibes Lift's agile manufacturing processes and efficient supply chain management enable it to respond quickly to market demands and deliver solutions promptly. This flexibility allows it to adapt to changing customer preferences and industry dynamics. *Customer-Centric Approach: "Our customers are at the heart of everything we do. We strive to understand their unique needs and provide customized solutions that exceed their expectations," says Nidhi. From initial consultation to installation and after-sales support, they are committed to delivering exceptional service and building long-term partnerships. That is why only those lift and elevator companies must be trusted that stand for values like uncompromising quality, ethics, unwavering trust and reliability, and an unflinching ethos of customer safety, security, and modernity. *Commitment to Sustainability: Recognizing the growing importance of sustainability in the industry, it integrates eco-friendly practices into its product design and manufacturing processes. By offering energy-efficient solutions and promoting green technologies, it aligns with global trends towards environmental responsibility. Cibes Lift India Pvt Ltd, a subsidiary of the renowned Cibes Lift Group, is among the Most Reliable Lift & Elevator Companies in 2024' because it is the leading provider of high- quality lifts and elevators in India that are trusted by people everywhere. Reliability You Can Count On She furthers that Cibes Lift India stays ahead of industry trends and maintains its adaptability through several key strategies: Backed by Swedish engineering and a global presence, "We offer a comprehensive range of vertical platform lifts, cabin lifts, and stairlifts to cater to diverse needs in both public and private environments," says Ms Nidhi Gupta, the Managing Director. Experience Makes the Difference Cibes Lift India prioritizes balancing operational efficiency and customer satisfaction to deliver exceptional lift and elevator solutions. *Continuous Research and Development: It invests significantly in research and development to stay abreast of emerging technologies and trends in the lift and elevator industry. This allows it to innovate proactively and introduce new features and functionalities that meet evolving customer needs. *Robust Design and Engineering: It focuses on designing and engineering its lifts to be technologically advanced but also reliable and efficient. Its products undergo rigorous testing to meet stringent quality standards, minimizing operational disruptions and enhancing reliability. Innovation at Your Doorstep In fact, Cibes Lift India's success is driven by a steadfast commitment to innovation, reliability, and customer satisfaction. The company's guiding philosophy revolves around three core principles. *Close Collaboration with Global Network: As part of a global network under the Cibes Lift Group, leverages insights and best practices from its international counterparts. This collaboration enables it to incorporate global innovations locally and customize solutions that are relevant to the Indian market. *Customer-Centric Approach: Understanding that its customers' needs are paramount, the team engages closely with clients from the initial consultation phase to installation and beyond. By listening attentively to their requirements and expectations, the team tailors their solutions to their specific needs, ensuring they receive lifts that meet and exceed their operational efficiency and user experience goals. *Innovation: "We believe in constantly pushing the boundaries of what's possible in elevator technology. By embracing cutting-edge innovations and sustainable solutions, we ensure our products are efficient and environmentally friendly." *Customer Feedback and Market Insights: The company strongly emphasises gathering feedback from its customers and monitoring market trends. By listening attentively to its clients and understanding their *Quality and Reliability: "Every elevator we produce undergoes 19 | www.theindustryview.com July, 2024

22. *Efficient Project Management: Cibes Lift India emphasizes efficient project management practices to streamline operations. From project planning to execution, it prioritizes timelines and ensures seamless coordination between different teams involved. This ensures that installations are completed on schedule and with minimal disruption to its clients' operations. Elevate Your Space with Cibes Lift India to our high-quality lift and elevator solutions." By establishing a robust network of sales, service, and support centres, Nidhi says they aim to enhance our responsiveness and proximity to our customers nationwide. Nidhi says their vision is to consolidate their position as a pioneering force in India's lift and elevator solutions landscape. They aspire to continue making a significant impact by: *Sustainability and Environmental Responsibility: Recognizing the importance of sustainability, Cibes Lift India intensifies its efforts toward eco- friendly practices and solutions. Integrating green technologies and energy-efficient designs aims to contribute positively to India's sustainable development goals and reduce its environmental footprint. *Innovation and Technology Leadership: "We aim to lead the industry in innovation, leveraging cutting-edge technologies to develop smart, energy-efficient, and sustainable lift solutions. By constantly pushing the boundaries of what's possible, we seek to redefine standards and set new benchmarks in the market." *Proactive Maintenance and Support: It provides comprehensive maintenance and support services beyond installation. Its proactive maintenance programs aim to preemptively address potential issues, ensuring continuous operation and minimizing downtime. This proactive approach helps maintain high operational efficiency and keeps its clients satisfied with the performance of their lift systems. *Employee Development and Engagement: "Our vision includes nurturing a skilled and motivated workforce. We will continue investing in our employees' growth through training, mentorship, and career development opportunities." By fostering a culture of innovation, collaboration, and inclusivity, they aim to empower their team to drive their vision forward. *Customer-Centric Approach: "Our commitment to understanding and exceeding customer expectations remains paramount." They will continue to tailor their solutions to address specific needs and challenges faced by diverse industries and sectors across India. By delivering exceptional service and support, they aim to forge lasting partnerships built on trust and reliability. *Continuous Improvement and Innovation: Cibes Lift India is committed to continuous improvement and innovation. Staying at the forefront of technological advancements in the lift and elevator industry introduces enhancements that optimize operational efficiency and user experience. Whether energy-efficient technologies or smart lift solutions, it integrates innovations that add value to its customers' operations. *Adaptability and Resilience: "In a rapidly evolving industry landscape, we will remain agile and adaptive. By anticipating market trends and embracing change, we will proactively innovate and evolve our offerings to stay ahead of the curve and meet the evolving needs of our customers," concludes Nidhi. *Expansion and Accessibility: "We plan to expand our footprint across key regions in India, ensuring accessibility At Cibes Lift India, we aim to lead the industry in innovation, leveraging cutting-edge technologies to develop smart, energy-efficient, and sustainable lift solutions. *Feedback and Adaptability: Feedback from its customers plays a crucial role in the company's continuous improvement efforts. It actively seeks feedback on its products and services, which enables the team to adapt and refine their offerings to meet the evolving needs of their customers better. "This customer-centric approach ensures that our solutions not only meet but anticipate future requirements, enhancing overall satisfaction." 20 | www.theindustryview.com July, 2024

24. A Reliable Partner in Vertical Mobility - Leo’s Elevator Components Marketing Pvt Ltd Fostering All Your Elevator Needs T become paramount. This has fundamentally shifted the perception of vertical transportation – elevators and lifts – from a luxurious amenity to a necessity. he face of urban living is undergoing a dramatic transformation. As cities expand at an unprecedented pace, maximizing living space has However, a new wave of the most reliable lift and elevator companies like Leo's Elevator Components Marketing Pvt Ltdis changing the game. From luxury to necessity, the rise of Leo’s Elevator Components in a booming urban landscape is noteworthy. The company recognizes elevators' critical role in modern urban living and is committed to providing the safest, most dependable products, components, solutions, and services available. While the demand for safe, reliable, and efficient elevator solutions has always existed, the industry's fragmented and disorganized nature often hindered its ability to meet these growing needs. This lack of structure created an environment where quality and consistency were questionable, leaving many projects vulnerable. Building on the Inception Ethos Leo's Elevator Components is a trusted and rapidly growing supplier of complete elevator kit and components, catering to the needs of elevator assembly companies across various industries. , , ours, to delivering cu?ng edge solu?ons, our ‘personnel touch’ makes our opera?ons seamless and effec?ve. From doing something as basic as quality check and documenta?on, which is rare in an unorganized market like 22 | www.theindustryview.com July, 2024

25. The Most Reliable Lift & Elevator Companies in 2024 With a commitment to quality and customer satisfaction, Leo's Elevator Components has established itself as a prominent player in the elevator component market. “Understanding that every client requirement is unique, we adopted a very personalized approach for each mandate we received.” Their unmatched quality of products and services established goodwill in the market, propelling their growth journey. “Added to that, core values like honesty and transparency have been our foundation for long-term success.” As a trailblazer in the lift and elevator solutions niche, taking us back to the beginning of their journey, the company’s Director Karthik Balachandran Sharma says that it has been a tremendous learning curve. “Our initial entry into the Elevator industry was not easy to achieve. However, once we understood the requirement and realized the market potential, we started investing in it with tireless hard work.” Exceptional Growth Trajectory Leo's Elevator Components is experiencing impressive growth, a testament to their commitment to quality and customer service. The company has grown from selling 400 elevator kits a year to a projected 1200 kits by 2026, reflecting a significant increase in its market share. This rapid growth trajectory indicates their ability to meet the evolving demands of the elevator industry and their position as a reliable partner for elevator assembly companies. In their first year, it was very difficult to crack low-quality products due to price competition. But, with their commitment to follow up tirelessly, slowly, Leo’s started gaining customers’ trust. They handpicked quality international products to focus on and amplified this with their prompt after-sales service, which allowed them to build their customer base across India within the first three to four years. Thus, the company ensures that it remains adaptable and ahead of industry trends, providing innovative solutions to its clients. Karthik says that the market has been experiencing a significant change with respect to megatrends driven by urbanization and the need of modern society and corporations for cutting-edge technology. Leo’s Elevator Components has emerged as one of India's most promising lift and elevator solutions providing companies propelled by ‘Professionalism, Personalization and Product Innovation,’ the three pillars of its guiding philosophy. Karthik says that, after sustaining for more than a decade in an unorganized sector, their professionalism compelled their customers to be organized. As the market braces for further transformation, Leo’s Elevator Components strives to balance innovation with quality, ensuring customers are at the forefront. Over the years, Leo’s have been able to deliver premium products as 23 | www.theindustryview.com July, 2024

26. Whether you're working on a new elevator installation or a modernization project, Leo's Elevator Components has the needed parts. “Our extensive product portfolio allows us to cater to a broad client base, making us a one-stop shop for elevator assembly companies,” assures Karthik. Thus, Karthik believes that balancing operational efficiency with customer satisfaction is paramount, as the essence of lift and elevator solutions lies in seamless operations and enhancing the end-user experience. “We believe the key to achieving optimum operational efficiency is having a seamless communication process throughout the customer's buying cycle.” From the first brief to site readings, quality inspections to site delivery, they ensure their customers get a dedicated service team to deliver the best possible solution. Karthik proudly mentions, “Our after-sales service provides us an edge over our competitors.” Their clientele is spread across Pan India, and they have been with the company for over a decade. “From doing something as basic as quality check and documentation, which is rare in an unorganized their core focus continues to be to fulfil the market's requirements. “With a culture that allows for significant innovation, we want to provide solutions that are not only for today but have relevance for years to come,” he adds. Karthik's pragmatic leadership style is often recognized as the driving force behind the company’s success. Highlighting their approach, Karthik says, “Our leadership approach is binary—it focuses on open communication and a collaborative approach. When we talk about open communication, our focus is on empowering every individual at Leo’s to be a decision-maker, take ownership, and contribute effectively.” On the other hand, their collaborative approach allows them to guide, mentor and streamline their employees in a growth direction. “While we celebrate individual contributions, we also focus on fostering a sense of collective achievements through rewards and acknowledgements of their strengths and areas of expertise.” The Distinct Competitive Edge Under Karthik’s exemplary leadership, the company offers a wide range of elevator kits and parts, ensuring it has the necessary components to meet its clients' diverse requirements. 24 | www.theindustryview.com

27. market like ours, to delivering cutting edge solutions, our ‘personnel touch’ makes our operations seamless and effective,” says Karthik. He furthers that technology, which plays a pivotal role in enhancing efficiency in the realm of lift and elevator solutions, is at the forefront of its innovation-solution matrix. With the most minimal impact tasks, they have ingrained a system where processes are driven with minimal manual intervention. “Having said that, we have been pacing at par with international trends and standards while designing our products – be it touchless operation, voice-based commands or state-of-the-art design.” The goal is to make vertical transportation an experience rather than just a journey. Emerging Triumphant Amidst Adversities Ardently believing that the workforce is the cornerstone of every successful organization, Karthik says that in a dynamically evolving sector, they constantly need talent that can help them pace with the market. “We focus on upskilling, reskilling and L&D programs that can build professionals and organizations of the future. As mentioned earlier, empowering our employees is a core value for us at Leo’s. Having established an open culture, our employees are motivated to share ideas that make innovation and growth a realistic possibility in a competitive market.” With the ability and freedom to take ownership, Karthik and his fellow management leaders ensure their employees learn, grow and succeed in the organization. Thus, driving ahead as a professional family, Karthik says that his team’s resilience and ingenuity triumphed over them whenever adversities arrived. “Failure teaches more than success, and challenges force you to improve. A bright instance of this is when we had to deliver an elevator in Odisha for one of our customers, which was going to be inaugurated by the Honourable CM.” Karthik and his team had only five days to do a site visit, drawing finalizations, manufacturing and delivery to ensure they had enough time for a perfect installation. With sparse time on their hands, they had to deploy additional resources to maintain ‘Leo’s’ quality standards.’ “It was our team’s sincere effort and dedication that we could fulfil this mandate, leaving our customer nothing but elated and satisfied.” 25 | www.theindustryview.com July, 2024

28. Future Assurance of the Most Reliable Vertical Mobility There is always a new breed of aspiring entrepreneurs wishing to enter innovative industries. As an experienced leader, Karthik says it is very exciting to see new entrepreneurs with their fearless and bold approach. New ideas, perspectives, and skills bring much versatility to the market offerings. However, the entrepreneurship journey requires effort, patience, and boastful confidence in one’s own vision. Looking to the future, divulging their plans, Karthik says, “Our goal for the next five years is to be a leader in the vertical transporta- tion space. We are committed to expanding our base and helping our clients grow by emphasizing quality and safety rather than quantity and price. Along with that, we would also like to explore opportunities where we can contribute to India’s infrastructural development.” As the elevator industry continues to develop and incorporate new technologies, Leo's Elevator Components is poised to remain at the forefront. Karthik and his team’s commitment to providing high-quality components, combined with their focus on customer satisfaction, positions them well for continued success in the years to come. “With our extensive product range and dedication to growth, Leo's Elevator Components is a supplier you can trust to deliver the elevator components you need for your projects,” concludes Karthik with firm assurance. 26 | www.theindustryview.com July, 2024

30. BUSINESS LEADERS

31. 29 | www.maharashtrareview.com

32. Sky's the Lim? 30 | www.theindustryview.com July, 2024

33. The Vertical Mobility Revolution Transforms Our Cities and Communities C ities are on the cusp of a revolution. As urban populations soar and land becomes a precious commodity, the concept of vertical living is gaining serious altitude. But these towering structures aren't just about maximizing living space; they're ushering in a new era of vertical mobility, fundamentally changing how we navigate our cities and communities. Emerging Technologies: The future of vertical mobility might even include skytran pods gliding on elevated tracks, hyperloop systems connecting city centers at unimaginable speeds, or even passenger drones for the truly adventurous. Reimagining Urban Density: A Sustainable Future Vertical cities offer a solution to the challenge of urban sprawl. By building upwards, we can create high-density environments while preserving precious green spaces. But density isn't just about numbers; it's about creating sustainable and livable communities. Beyond the Elevator: A Spectrum of Vertical Solutions Vertical mobility encompasses a suite of innovative transportation systems designed to conquer the vertical dimension of our cities. Moving beyond the traditional elevator, we can expect to see: Benefits of Vertical Mobility and High-Density Living: High-Speed Elevators: Imagine elevators zipping you to your 100th floor apartment in seconds. Advancements in technology are making these high-speed lifts a reality, significantly reducing commute times and revolutionizing the concept of vertical neighborhoods. Reduced Land Use: Vertical cities require less land for development, protecting ecosystems and promoting biodiversity. Enhanced Efficiency: Shorter commutes facilitated by efficient vertical mobility systems lead to reduced energy consumption and lower carbon footprints. Advanced Escalator Networks: Escalators will become more sophisticated, handling higher capacities and forming interconnected networks within buildings and across districts. Accessibility Boost: High-density living can mean easier access to public transportation, essential services, and amenities, all within walking or cycling distance. Personal Rapid Transit (PRT): Imagine a network of small, automated pods whisking you to your destination within a vertical city. PRT systems are still under development, but they hold the potential to transform short-distance travel within these megastructures. Challenges and Considerations: Infrastructure Strain: Densely populated areas can put a strain on existing infrastructure, requiring upgrades to waste management, water supply, and power grids. 31 | www.theindustryview.com July, 2024

34. Social Considerations: Dense living can lead to a sense of isolation and a lack of green space. Careful planning needs to incorporate social infrastructure and community spaces. Sustainable Mobility Solutions: The type of technology used for vertical mobility will significantly impact the overall sustainability of vertical cities. energy consumption, while regenerative braking systems convert kinetic energy into electricity, further enhancing efficiency. Reducing Traffic Congestion and Pollution By encouraging high-density living and vertical development, cities can reduce reliance on cars and other forms of horizontal transportation. This shift not only alleviates traffic congestion but also decreases air pollution, leading to cleaner and healthier urban environments. Vertical mobility supports the development of walkable communities where residents can access amenities and services within short distances, reducing the need for long commutes. Building a Sustainable Future: Vertical Mobility with a Green Heart For vertical cities to reach their full potential, sustainable vertical mobility solutions are paramount. Here's how we can achieve this: Renewable Energy Integration: Powering vertical mobility systems with solar, wind, or geothermal energy can significantly reduce their environmental impact. Smart Grid Integration: Connecting vertical mobility systems to smart grids enables optimized energy use, reducing peak demand and minimizing energy waste. Fostering Economic Growth Vertical mobility also drives economic growth by creating opportunities for mixed-use developments. These developments, which combine residential, commercial, and recreational spaces in a single location, create vibrant and dynamic urban centers. Such environments attract businesses, tourists, and residents alike, stimulating economic activity and job creation. Regenerative Technologies: Technologies that capture and reuse energy generated during descent, like regenerative braking in elevators, can contribute to a more sustainable system. Promoting Social Interaction and Community Building As urban populations grow, cities are turning skyward to address space constraints and sustainability concerns. Vertical mobility, which encompasses high-rise buildings and advanced vertical transportation systems, is revolutionizing urban landscapes and transforming communities in several profound ways. High-rise living can sometimes lead to social isolation, but thoughtful urban planning and design can mitigate this issue. Incorporating communal spaces, such as rooftop gardens, shared amenities, and community centers, within high-rise buildings fosters social interaction and community building. These spaces encourage residents to connect, collaborate, and engage with one another, enhancing the sense of community. Maximizing Urban Space With the increasing scarcity of horizontal space in cities, vertical mobility offers a solution by enabling the development of high-rise buildings. This approach helps accommodate a growing population within a smaller footprint, thereby mitigating urban sprawl and preserving green spaces. By building upwards, cities can house more residents and businesses in the same area, optimizing land use and promoting higher-density living. A New Era Dawns The vertical mobility revolution is poised to transform our cities. By embracing innovative solutions, prioritizing sustainability, and fostering a sense of community, we can create vertical cities that not only touch the sky but also offer a thriving, sustainable future for generations to come. The sky may be the limit, but our imagination and commitment to a greener future will be the guiding forces in shaping this exciting new era of urban living. Enhancing Efficiency and Sustainability Modern vertical transportation systems, including elevators and escalators, are essential components of high-rise buildings. These systems have become increasingly energy- efficient, contributing to the overall sustainability of urban living. Advanced elevators use smart technologies to reduce 32 | www.theindustryview.com July, 2024