Aaron Industries reports 60 orders plus 30-unit contract

Aaron Industries Ltd. has disclosed 60 confirmed advance orders for EVOQ360 home lifts from 18 parties, expected to be dispatched in phases through December 2026. Separately, Aaron Industries has an order from domestic Gulf Elevators Private Limited for up to 30 EVOQ360 units, estimated at Rs 2 crore excluding goods and services tax (GST).

How many confirmed EVOQ360 orders does Aaron Industries have?

Aaron Industries has 60 confirmed advance orders for EVOQ360 home lifts from 18 parties, according to its Q2 FY27 business highlights. The company expects the 60 units to be dispatched in phases up to December 2026, subject to site readiness and other customer-specific installation requirements.

The company explicitly separates the 60 confirmed units from its Gulf Elevators Private Limited order. The advance-order disclosure identifies 18 parties, while the Gulf Elevators arrangement covers up to 30 additional EVOQ360 units and is not included in the 60-unit total.

EVOQ360 is Aaron Industries’ smart, pit-less home-lift product for residential use. The company lists energy-efficient operation, battery backup, premium customisable finishes, silent motors and advanced safety sensors as product features.

What is Aaron Industries’ Gulf Elevators contract?

Aaron Industries has received an order from Gulf Elevators Private Limited, described as a domestic entity, to supply up to 30 EVOQ360 home lifts. The estimated contract value is Rs 2 crore excluding GST, and the company states that the order is separate from the 60 confirmed advance orders.

The Gulf Elevators order is scheduled for execution on or before September 30, 2027. This is a later stated execution deadline than the phased dispatch schedule for the 60 advance orders, which extends up to December 2026 and remains subject to site readiness and installation requirements.

The two order disclosures also differ in the information provided. Aaron Industries reports a unit count and 18 parties for the confirmed advance orders, while the Gulf Elevators contract is for “up to” 30 units and has an estimated value of Rs 2 crore; no aggregate value is disclosed for the 60 advance orders.

What does Aaron Industries’ Q2 FY27 dispatch record show?

Aaron Industries dispatched 19 EVOQ360 units in Q2 FY27 and said the product had been supplied to more than 44 projects across India since launch. The company presents those deliveries alongside the 60 confirmed advance orders, distinguishing units dispatched during the quarter from future phased dispatches.

The more than 44 figure is measured in projects, whereas the Q2 FY27 figure is measured in units. The presentation therefore does not provide a direct unit comparison between lifetime project supply and the 19 units dispatched in the quarter.

Aaron Industries identifies EVOQ360 within its elevator division, which also covers elevator components and stainless-steel polishing, design and colour sheets. The division’s other listed products include automatic door systems, fire-resistant doors, elevator cabins, auto centre swing doors and cabin safety frames.

How is Aaron Industries expanding EVOQ360 distribution?

Aaron Industries had onboarded five distributors for EVOQ360 home lifts and said additional exclusive distributorships were in the pipeline. Management also cited multi-region partnership interest as it seeks to expand the product’s market reach.

The five-distributor count sits alongside a domestic footprint that Aaron Industries says serves more than 60 cities and supports a customer base of more than 700 customers. Its listed network includes Surat, Ahmedabad, Mumbai, Pune, Bengaluru, Kolkata and Hyderabad, although the presentation does not quantify how many locations or customers are specific to EVOQ360.

Aaron Industries does not disclose EVOQ360 pricing, cancellation terms, capacity allocation or revenue-recognition timing for either the 60 confirmed orders or the Gulf Elevators order for up to 30 units. Its stated conditions for the 60-unit dispatch schedule are site readiness and customer-specific installation requirements.

What supports Aaron Industries’ home-lift supply capability?

Aaron Industries operates an in-house stainless-steel processing and polishing division that processes steel used in its own automatic doors and cabins. The company says its elevator division manufactures products for commercial and residential projects, including EVOQ360 home lifts, and operates as an original equipment manufacturer supplying key components for complete elevator systems.

The stainless-steel division processes raw coils through cutting, polishing, embossing and finishing into value-added sheets. Aaron Industries says the majority of this output feeds its elevator division, while the balance is sold externally to other elevator makers and for interior-decoration and industrial applications.

Aaron Industries reports capacity of more than 5,000 automatic door systems a month and more than 200 employees. The presentation does not state dedicated EVOQ360 manufacturing capacity or explain how production will be allocated between the 60 confirmed advance orders and the order for up to 30 Gulf Elevators units.

Conclusion

Aaron Industries has disclosed two distinct sources of EVOQ360 demand: 60 confirmed advance orders from 18 parties and a separate Gulf Elevators contract for up to 30 units valued at an estimated Rs 2 crore excluding GST. Alongside 19 units dispatched in Q2 FY27 and supply to more than 44 projects since launch, the disclosure separates delivered units, confirmed advance orders and a separately contracted supply opportunity.

The next stated milestones are phased dispatches of the 60 confirmed units up to December 2026 and execution of the Gulf Elevators order on or before September 30, 2027. Site readiness and customer-specific installation requirements remain conditions for the advance-order schedule, while Aaron Industries says additional exclusive EVOQ360 distributorships are in the pipeline.