In a market long dominated by multinational corporations, Sagar Kallepelly, Founder and Managing Director of Ricardo Elevators (House of LT Elevators), is steadily carving a new identity for Indian manufacturing in the elevator and vertical mobility sector. Headquartered in Hyderabad, Ricardo Elevators has emerged as a fast-growing Indian brand offering end-to-end elevator solutions across residential, commercial, and infrastructure segments.
What sets Sagar Kallepelly apart is his execution-first leadership philosophy. Rather than focusing solely on vision and market positioning, he has prioritised building strong operational systems—covering design, manufacturing, installation, commissioning, and post-sales service entirely in-house. This approach has enabled tighter quality control, faster delivery timelines, and greater cost efficiency, helping Ricardo Elevators compete with global brands on both performance and pricing.
Within just two years, Ricardo Elevators has scaled to approximately ₹100 crore in revenue, a milestone that reflects the effectiveness of its operational discipline. Operating under the House of LT Elevators, the company follows a strong Make-in-India manufacturing model, reducing dependency on imports while aligning with India’s industrial growth objectives.
Ricardo Elevators specialises in custom-designed elevator solutions tailored to Indian architectural realities. Its diverse portfolio caters to villas, independent homes, duplexes, triplexes, and commercial projects—segments often underserved by global manufacturers offering standardised designs. By combining international safety benchmarks with Indian budgets, the company has built trust among homeowners, builders, and developers alike.
Innovation under Sagar Kallepelly’s leadership is driven by practical problem-solving. The company is set to launch India’s first traction elevator with zero pit, addressing space constraints in modern homes without compromising safety, performance, or aesthetics. This engineering milestone reinforces Ricardo Elevators’ ability to innovate within real-world limitations.
With expansion underway across Tier-2 and Tier-3 cities and growing international exposure in Southeast Asia, Sagar Kallepelly is steadily building a future-ready Indian elevator brand—rooted in operational excellence and global ambition.
