Johnson Lifts Takes Majority Stake in Toshiba Johnson Elevators India, Signals New Growth Phase
Chennai, April 27, 2026: In a significant development for India’s vertical mobility sector, Johnson Lifts Pvt. Ltd. (JLPL) has acquired a majority shareholding in Toshiba Johnson Elevators (India) Pvt. Ltd., strengthening its long-standing partnership with Japan’s Toshiba Elevator and Building Systems Corporation. (L to R) Wilfred Martin Clarence – MD, Toshiba Johnson Elevators India Pvt. Ltd; Yohan John – Director, Toshiba Johnson Elevators India Pvt. Ltd; Vignesh – CFO, Toshiba Johnson Elevators India Pvt. Ltd The move marks a key milestone in the 14-year collaboration between JLPL and TELC, reinforcing their shared commitment to delivering advanced elevator and escalator solutions to the fast-growing Indian market. TELC will continue as a strategic partner, ensuring the continued supply of technology, products, and technical expertise under the Toshiba brand. Press meet Youtube Video link ЁЯСЗ With the revised structure, TJEI will assume full legal and operational...