27 October 2012 – Mumbai - Toshiba Elevator and Building Systems Corporation (TELC)
(headquarters in Tokyo, Japan), a subsidiary of Toshiba Corporation, and Johnson Lifts Private
Limited (JLPL) (headquarters in Chennai, India) today officially announces establishment of
Toshiba Johnson Elevators (India) Pvt. Ltd (TJEI) to strengthen growth and expand its operation
in the Indian elevator market.
TJEI is established by joint business between TELC and JLPL, with 49% equity participation from
Johnson to Toshiba Elevator (India) (TEI) (headquarters in Mumbai, India), a rapidly growing
100% owned subsidiary of TELC.
The newly established company will accelerate its business utilizing TELC's finest technology to
offer quality products targeting premium segment to fulfill market's demands for safer,
comfortable, high quality products. Furthermore, TJEI will expand its market in India by taking
advantages of JLPL's sales & marketing channel, installation & after sales service experience, and
manufacturing technologies.
Toshiba Elevator India was established in India in April 2011 and started business in July 2011.
Since its establishment, the company has secured more than 100 units in premium segment,
which include high-speed elevators in the 65 storied iconic project "One Avighna Park" in
Mumbai.
Johnson Lifts is a market leader with 20% share in Indian market. The company has installed
more than 30,000 elevators and has a service base of approximately 25,000 units. Johnson Lifts
has factories for elevators in Chennai & Nagpur and an exclusive factory for escalators in
Chennai.
Brief overview of TJEI
Company name: Toshiba Johnson Elevators (India) Private Limited
Headquarters: Mumbai, India
Representative: Mr. Junichi Kyushima (personnel from TELC)
Representative: Mr. Junichi Kyushima (personnel from TELC)
Capital contribution ratio: TELC 51%, JLPL 49%
