Otis Elevator is owned by Otis Worldwide Corporation , a standalone, publicly traded company listed on the New York Stock Exchange under the ticker symbol OTIS.

Who owns Otis Elevator?

  • Otis is not owned by a single person or conglomerate today; it is a public company whose shares are held by many investors around the world.
  • The largest portion of ownership is held by institutional investors (such as mutual funds and pension funds), with the rest split among individual investors and a small stake held by company insiders.

How did Otis end up independent?

  • Otis began as the Otis Elevator Company in the 19th century and was acquired by United Technologies Corporation (UTC) in 1976.
  • In 2020, UTC spun off Otis as an independent company, creating Otis Worldwide Corporation, which now operates and owns the Otis Elevator brand globally.

Key facts at a glance

  • Current owner structure: Public shareholders via Otis Worldwide Corporation (NYSE: OTIS).
  • Past parent company: Formerly a wholly owned subsidiary of United Technologies Corporation before the 2020 spin-off.
  • Headquarters: Farmington, Connecticut, USA.

Information gathered from public forums or data available on the internet and portrayed here.