Company executed a Share Purchase Agreement on 04th August, 2026 for acquisition of DYPC Inc. (Dongyang PC Inc.), Seoul, South Korea
DYPC Inc. is a globally recognized manufacturer of automated mechanical car parking systems with over two decades of operational history
Acquisition marks L.T. Elevator's strategic transition from domestic elevator contractor to global automated parking technology company
About DYPC Inc.
Founded in Seoul, South Korea
Creator of SMART PARKING® proprietary automated mechanical car parking systems
Systems include rotary (carousel-type), tower (elevator-type), compact (circulating), and grand (shuttle-type) configurations
Deployments across USA, UK, Mexico, Thailand, Iran, Uruguay, Egypt, Canada and other markets
Technology features compact footprint, fast retrieval times, and smartphone-integrated operation
Brings 12 patents and established global client base
Financial Impact and Order Book
Expected ₹30 Cr revenue contribution from DYPC for remainder of current fiscal at industry-leading margins
Current order book of approximately ₹65 Cr, including ₹45 Cr won last week
Overall bid pipeline of ₹700 Cr
Includes ₹8 Cr order from USA, marking L.T. Elevator's formal entry into US market
80% of total pipeline (₹550 Cr) comprises bids in USA
Strategic Rationale
Proprietary technology access: SMART PARKING® IP reduces dependence on third-party designs
Global market entry: Provides established international distribution network across Asia, Americas, Middle East, and Europe
US market foothold: Immediate entry into lucrative US market with active bids
India opportunity: Technology applicable to Indian market with urbanisation accelerating
Synergy with new manufacturing facility: Integrated facility under construction (expected commissioning Q4 FY27) will produce DYPC-designed systems domestically
Business Updates
Home elevator business crossed ₹100 crore in annualised run-rate (ARR) order bookings
Achievement occurred 6 months ahead of internal targets
Company has confirmed orders in hand from new facility providing strong revenue visibility for year ahead
Future Outlook
Management expects FY28 growth to be maintained at pace comparable to FY27
Growth supported by DYPC's international revenues, expanded domestic manufacturing capacity, ₹100 crore+ ARR home elevator business, and deepening order book across all segments
Additional Information
Investor and analyst conference call to be hosted in near term to discuss acquisition details
Company has 21 offices across India and ISO 14001:2015 certified plant in West Bengal
Filing signed by Arvind Gupta, Managing Director (DIN: 00253202) on 04th August, 2026 in Kolkata
