Satish was taking raw material from the ground floor to the fourth floor through the lift of the building on Tuesday when the lift wall collapsed killing him, police said.
Factory workers told police that the lift was over loaded when the incident took place.
Police said the workers told them that there was a single lift that they used to carry materials.
Satish's cries were heard by his friend Amar, who informed the factory owner, Sanjay Bansal, police said.
Satish was taken out and rushed to a nearby hospital where he was declared brought dead, police said.
A case has been registered against the building owner and further investigation is underway.
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