In an era where startups often prioritise rapid visibility over operational depth, Sagar Kallepelly, Founder and Managing Director of Ricardo Elevators, has taken a fundamentally different approach. His leadership philosophy centres on execution, process discipline, and engineering precision—values that have enabled the company to scale rapidly yet sustainably.
Ricardo Elevators operates as a vertically integrated organisation, managing everything from design and manufacturing to installation and after-sales service. This structure has become the backbone of its success, allowing tighter quality control and faster execution.
Within two years of operations, the company reached approximately ₹100 crore in revenue, positioning itself as a serious contender against global elevator brands. Operating under the House of LT Elevators, Ricardo Elevators is deeply aligned with the Make-in-India vision, contributing to domestic manufacturing and employment generation.
Sagar Kallepelly’s growth strategy focuses heavily on Tier-2 and Tier-3 cities, where demand for affordable yet premium elevator solutions is growing rapidly. By offering customised designs, flexible pricing, and EMI options, the company has built strong acceptance among homeowners and developers.
Innovation remains central to the company’s roadmap, highlighted by the upcoming launch of India’s first zero-pit traction elevator. This solution addresses spatial challenges without sacrificing safety or performance, reinforcing Ricardo Elevators’ engineering leadership.
Through disciplined execution rather than aggressive marketing, Sagar Kallepelly is building a scalable Indian manufacturing brand with long-term relevance.
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