The MSME registration asks for the business activity by NIC code. For installation of elevators, escalators, that activity is 43291.
NIC code · National Industrial Classification 2008
43291 is the 5-digit NIC 2008 code for installation of elevators, escalators: a sub-class of class 4329, other construction installation, within division 43, specialized construction activities. Search a code or activity below, or copy the code for your Udyam or SPICe+ form.
This code
Division 43Group 432Class 4329Sub-class 43291
Installation of elevators, escalators
Sub-class 43291 · Class 4329 · Group 432 · Division 43 · Section F, NIC 2008
The code
Where the code sits in the National Industrial Classification 2008, from section to sub-class, in the official wording.
432915 digits: 43 + 2 + 9 + 1NIC 2025 · Notice dated 16 October 2026
On 18 November 2025 the Ministry of Statistics and Programme Implementation released NIC 2025, which uses 6-digit codes aligned with the UN's ISIC Revision 5. This page shows the NIC 2008 code 43291. The matching NIC 2025 code will be added here once it is mapped from MoSPI's official concordance.
How to read it
An NIC code is built in layers. Each digit narrows the one before it: the division, the group, the class, and finally the 5-digit sub-class. Divisions themselves are grouped under lettered sections.
The broadest numbered layer. Division 43 covers specialized construction activities. It sits in section F, construction.
Electrical, plumbing and other construction installation activities.
Other construction installation. The official note for this class is quoted below.
Installation of elevators, escalators. The full 5-digit code you enter where a form asks for the business activity by NIC code.
What it covers
43291 is a sub-class of class 4329, other construction installation. The NIC 2008 document explains the class in the note below, quoted exactly.
This class excludes:
- - installation of industrial machinery, see 3320
Where you use it
Two registration forms ask for the business activity by NIC code. This is where 43291 is entered.
The MSME registration asks for the business activity by NIC code. For installation of elevators, escalators, that activity is 43291.
The company incorporation form asks for the main industrial activity of the proposed company by NIC code.
Not GST. GST registration does not use NIC codes; goods and services there are classified by HSN and SAC codes.
Choosing the right code
43291 is for installation of elevators, escalators. The codes below sit closest to it in NIC 2008: the other sub-classes of class 4329. Each has its own page with the official wording.
43292Class 4329 · another sub-class of the same class43299Class 4329 · another sub-class of the same classClass 4329 has 3 sub-classes in NIC 2008, including 43291.
Questions
Installation of elevators, escalators, in the National Industrial Classification 2008. It is a sub-class of class 4329, other construction installation.
Class 4329, other construction installation, has 3 sub-classes in NIC 2008. Besides 43291, they are: 43292 (Installation of thermal, sound or vibration insulation system in buildings); 43299 (Other construction projects n.e.c.).
In Udyam Registration, which asks for the business activity by NIC code, and in the SPICe+ company incorporation form, which asks for the main industrial activity by NIC code. GST registration does not use NIC codes.
About this page
The section, division, group, class and sub-class on this page, and the explanatory note for class 4329, are taken word for word from the official document “National Industrial Classification (All Economic Activities) 2008”, Central Statistical Organisation, Ministry of Statistics and Programme Implementation, Government of India.
This is reference information on the classification of a business activity. It is not advice on which code your own business should declare, and the official NIC document prevails if the two ever differ. A change in the classification, including the MoSPI concordance to NIC 2025, re-opens this page for checking.
Not sure which code fits your activity, or spotted a mismatch? Use the WhatsApp button on this page and tell us what the business sells and how.