When was TK Elevator founded?

TK Elevator was founded in 2002 and raised its 1st funding round 15 years after it was founded.

Where is TK Elevator located?

TK Elevator is headquartered in Delhi, India. It is registered at Brobekkveien 38, 0598, OSLO.

Which legal entities is TK Elevator associated with?

TK Elevator is associated with TK ELEVATOR INDIA PRIVATE LIMITED and 2 others.

How many employees does TK Elevator have?

As of Sep 30, 2026, the latest employee count at TK Elevator is 25446.

Is TK Elevator a funded company?

TK Elevator is a funded company, having raised an undisclosed amount across 4 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Nov 01, 2017.

How much is TK Elevator worth?

The last known valuation of TK Elevator was $***** as of Apr 29, 2026.

When was the latest funding round of TK Elevator?

TK Elevator's latest funding was a $***** Grant (prize money) round on Sep 06, 2023, with participation from 1 investor.

Where does TK Elevator rank among its competitors?

TK Elevator ranks 3rd amongst 692 active competitors, of which 2 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was MAS Industries, which secured $809K in Nov, 2024.

Who are the top competitors of TK Elevator?

TK Elevator's top competitors include Schindler, Otis and KONE. Among them, MAS Industries secured the most recent funding round in November, 2024.

TK Elevator - 2026 Company Profile, Team, Funding & Competitors

Q: Is TK Elevator an acquired company?

TK Elevator got acquired by KONE on May 02, 2026.

TK Elevator is an acquired company based in Delhi (India), founded in 2002. It operates as a Manufacturer of elevators, escalators, moving walks, boarding bridges, and home lifts. TK Elevator has raised an undisclosed amount in funding, with last known valuation of $*****. The company has 692 active competitors, including 2 funded and 67 that have exited. Its top competitors include companies like Schindler, Otis and KONE.

Company Details

Manufacturer of elevators, escalators, moving walks, boarding bridges, and home lifts. The company provides engineering, installation, and service for its mobility solutions. It offers digital solutions and service programs. The business supports architects, consultants, developers, and constructors with mobility solutions for various applications.

Website: www.tkelevator.com/global-en/
Social
Email ID: *****@tkeap.com
Phone Number: +91 **********
Registered Address: Brobekkveien 38, 0598, OSLO

Key Metrics

Founded Year

2002

Location

Delhi, India

Stage

Acquired

Latest Funding Round

Grant (prize money), Sep 06, 2023, $*****

Last Known Valuation

$***** as on Apr 29, 2026

Investors

Omnes Capital & 1 more

Ranked

3^rd among 692 active competitors

Employee Count

25,446 as on Sep 30, 2026

Investment & Acquisitions

Nordic-Lift & 6 more

Similar Companies

Schindler & 711 more

Exit Details

Acquired by KONE (May 02, 2026)

View TK Elevator's full profile

TK Elevator is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
TK ELEVATOR NORWAY AS CIN: 828447742 , Norway, Active	Aug 28, 1975	-	179 (As on Dec 31, 2022)
TK ELEVATOR INDIA PRIVATE LIMITED CIN: U24239DL1999PTC098162 , India, Active	Feb 01, 1999	₹1,000+ Cr (As on Mar 31, 2025)	5580 (As on May 01, 2026)
TK Elevator GmbH CIN: HRB31402 , Germany, Active	Aug 23, 2020	-	-

TK Elevator got acquired by KONE on May 02, 2026 at an acquisition amount of $*****.

Click here to take a look at TK Elevator's acquisition in detail

TK Elevator has raised funding over 4 rounds. Its first funding round was on Nov 01, 2017. Its latest funding round was a Grant (prize money) round on Sep 06, 2023 for $*****. 1 investor participated in its latest round. TK Elevator has 2 institutional investors.

Here is the list of recent funding rounds of TK Elevator:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 06, 2023	9124844	Grant (prize money)	1383145	6289416	8851357	6462109
Jan 13, 2022	4505985	Grant (prize money)	1421482	3238689	6679759	Europa
Oct 05, 2021	8337168	Grant (prize money)	4650857	9035465	1441901	Europa

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View details of TK Elevator's funding rounds and investors

TK Elevator's employee count trend

TK Elevator has 25,446 employees as of Sep 26. Here is TK Elevator's employee count trend over the years:

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Top competitors of TK Elevator include Schindler, Otis and KONE. Here is the list of Top 10 competitors of TK Elevator, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Schindler 1874, Ebikon (Switzerland), Public	Provider of elevator maintenance and repair services	-	Europa, Ministerstvo Hospodárstva Slovenskej Republiky ... Read more	65/100
2nd	Otis 1853, Farmington (United States), Public	Manufacturer of elevators, escalators, and moving walkways for various industries	-	Analah Ventures, Everywhere & 2 others	64/100
3rd	TK Elevator 2002, Delhi (India), Acquired	Manufacturer of elevators, escalators, moving walks, boarding bridges, and home lifts	-	Omnes Capital, Europa	58/100
4th	KONE 1910, Espoo (Finland), Public	Engineering and service company that provides elevators for smart buildings	-	Europa	57/100
5th	Johnson Lifts 1963, Chennai (India), Unfunded	Manufacturer of lifts and escalators	-	-	55/100
6th	Savaria 1979, Laval (Canada), Public	Manufacturer & supplier of lifts and elevators	-	TD Securities, Cormark Securities & 4 others	50/100
7th	Hyundai Elevator 1984, Chungju-si (South Korea), Public	Manufacturer of elevators & escalators	-	H&Q Korea, LB Private Equity	47/100
8th	MAS Industries 2003, Mumbai (India), Seed	Manufacturer of elevator components and lift solutions	$3.96M	-	46/100
9th	American Elevator Group 2020, New York City (United States), Acquired	Provider of elevator management services	-	-	46/100
10th	ATIS Elevator Inspections 2013, Saint Louis (United States), Late Stage	Provider of premier elevator inspection services	-	Thompson Street Capital Partners, Greenleaf Capital Partners ... & 1 others	45/100

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TK Elevator has not made any investments yet. TK Elevator has made 7 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 03, 2022	Acquisition	Nordic-Lift	2014	Strommen (Norway)
Jul 23, 2021	Acquisition	CITY ELEVATOR	2004	Canada
Jun 18, 2021	Acquisition	Accurate Elevator	2001	Marathon (United States)