From correspondents in Tamil Nadu, India, 10:10 PM IST

Otis Elevator Company and Supriya Elevators (India) Pvt. Ltd. formed a new joint venture, "Supriya Elevator Company (India) Ltd’", to be headquartered in Chennai and serves the markets in the states of Tamil Nadu, Pondicherry, Karnataka, Kerala and Andhra Pradesh.

Otis has been present in India for over 50 years providing quality escalators and elevators, backed by reliable service to a variety of end use markets in residential and commercial space. The new JV, as an independent entity, will retain Supriya’s well-recognized brand identity and continue to meet the needs of the markets it will operate in.

Sundar Parthasarathy, Managing Director, Otis India said, "The market for people moving systems will continue to see demand growth over the medium and long term and the JV will augment our efforts at expanding market presence and customer service in South India."

Otis Elevator Company, a part of United Technologies Corporation [a Fortune 500 company] is the world’s largest manufacturer and maintainer of people-moving products including elevators, escalators and moving walkways. With headquarters in Farmington, Connecticut, Otis employs 63,000 people worldwide, offers products and services in more than 200 countries and territories and maintains 1.6 million elevators and escalators worldwide.

Supriya Elevators (India) Pvt. Ltd. has been a well-established independent elevator company in Southern parts of India, for more than 15 years. The company offers a wide range of elevator products.

Source: Press Release Distribution via India PRwire