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Konica Minolta Establishes a Sales Subsidiary in India

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					 Konica Minolta Establishes a Sales Subsidiary in 
India
Aiming to Further Expand Its Core Office Equipment Business in the High-Growth Market

August 25, 2010 06:56 AM Eastern Daylight Time  

TOKYO--(EON: Enhanced Online News)--Konica Minolta Business Technologies, Inc. (Konica Minolta) is
pleased to announce that it has established a wholly-owned office equipment sales subsidiary in India.

< Background and purpose of the new company >
Konica Minolta has been distributing its office equipment in India through local distributors in the past years. In light
of the rapid economic growth in India, it became essential to formulate a sales strategy to better meet the specific
needs in the Indian market. With this awareness, Konica Minolta decided to establish the new subsidiary in India to
make committed efforts to increase sales in this promising market. Through the new subsidiary, Konica Minolta aims
to increase customer satisfaction and reinforce its ability to develop businesses locally by strengthening marketing;
enhancing and expanding the existing sales network; exploiting new sales channels; and improving customer service.

The establishment of the new subsidiary in India is meant as part of the global strategy of the Konica Minolta Group
to increase profitability and growth potential in newly emerging markets.

< Outline of the new company >
Company name         Konica Minolta Business Solutions India Private Limited
                     Tadahiko Sumitani (permanent representative)
Representatives
                     Jun Haraguchi (absentee representative)
                     Building 8, 10th Floor, Tower C, DLF Cyber City, Phase - II,
Location
                     Gurgaon, Haryana, INDIA *1
Established          July 1, 2010
Capital
                     120 million Rupees
(Authorized capital)
                     Konica Minolta Business Technologies, Inc. 99.9%
Shareholders
                     Konica Minolta Business Solutions (S) Pte. Ltd. 0.1%
                     Import/sale and customer service of office equipment including
Business activities  MFPs(multi-functional peripherals)*2 and production printing
                     products, and related supplies
Number of employees 20 employees (in the first year)

Konica Minolta will remain committed to developing original and reliable products with outstanding TCO (Total
Cost of Ownership)*3, productivity and environmental friendliness in the fields of office equipment and production
printing systems. Furthermore, Konica Minolta will continue to make concerted efforts to offer optimal solutions to
our customers to better meet their ever-diversifying needs and expectations, while working with local communities to
achieve mutual development and prosperity.
   The new company will move to this location in the middle of October 2010. The following is its tentative office
*1 until then: Vatika Business Centre First India Place 2nd Floor, Block B, Sushant Lok Phase-1, M G Road,
   Gurgaon, Haryana, INDIA
*2 MFPs: Multi-functional peripherals having versatile functions including copiers, printers, scanners, and facsimiles.
*3 TCO : Total cost necessary to install, use, maintain and manage the production printing system

Konica Minolta Business Solutions India website:

http://www.konicaminolta.in/ (India Top)
http://www.konicaminolta.in/business (India Business Products Top)

Contacts
Konica Minolta Holdings, Inc.
Minoru Ikehara, +81-3-6250-2100
minoru.ikehara@konicaminolta.jp

Permalink: http://eon.businesswire.com/news/eon/20100824006868/en/Konica-Minolta-Business-
Technologies/MFPs/digital-multi-functional-peripherals

				
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