Johnson Lifts Pvt. Ltd. (JLPL), recognized as India’s largest manufacturer of elevators and escalators, announced an increased equity stake in Toshiba Johnson Elevators (India) Pvt. Ltd. (TJEI), raising its ownership from 49 percent to over 80 percent, thus becoming the majority shareholder.
Toshiba Johnson is a joint venture established in 2012 between Johnson Lifts and Toshiba Elevator and Building Systems Corporation. In light of this new development, Wilfred Martin Clarence, Managing Director of Toshiba Johnson, stated, “The company now targets deeper market penetration, strengthening sales and service capabilities, and enhancing customer engagement to establish itself as the leading Japanese elevator brand in India.”
Clarence will also join the Board of Directors, as confirmed by Yohan K John, Director of Johnson Lifts. The collaboration between JLPL and TJEI now accounts for approximately 20 percent of the elevator market and 30 percent of the escalator market in India, reinforcing the group’s leadership within the premium and high-speed mobility segments.
TJEI will continue to function as the sole and exclusive business partner for Toshiba-branded elevators, escalators, and travelators in India, managing sales, installation, maintenance, customer service, and ongoing projects, according to an official statement.
Published on April 27, 2026.
