Canon celebrates 20 glorious years in India; Rolls out vision 2020 with a growth target of INR 3500 cr(2017-01-20)

Embarks on 20 years celebration by recognizing support of partners, consumers, vendors and employees

-Will Continue to focus on experiential customer interface; plans to double CIS stores

-Closes 2016 with revenues of INR 2348.6 cr with a landmark year on year growth of 9%

India, 20th January, 2017: Canon, the world imaging leader, marked its 20th anniversary in India with a steadfast plan for the country across its enterprise, commercial, consumer and social initiatives. The company, celebrating two glorious decades in the country, reaffirmed its commitment to India with the announcement of its ‘Vision 2020’, by Ms. Noriko Gunji, President & CEO, Canon Singapore and Mr. Kazutada Kobayashi, President & CEO, Canon India.

Canon India’s Vision 2020 charts its next phase of growth in India. The company in the next three years, aims to penetrate further in the country with its offerings, augment the photography culture in India and introduce technological advancements across business and consumer products. Vision 2020 sets a growth target of INR 3500 crore for Canon India, to be achieved by consistently attaining a year on year double digit growth. The company kick-starts its year-long celebrations to commemorate the 20 years with its business partners, vendors, consumers and employees.

Visiting India to commence the celebrations, Ms. Noriko Gunji, President & CEO, Canon Singapore (Regional headquarters of South and Southeast Asia) said “At Canon, we are embracing the challenge of new growth through a grand strategic transformation. India is a key market in Canon’s global development and having successfully completed two decades in the country, we would like to thank all our partners, consumers and vendors for their support. Together with every team member and business partner, we will scale this height to achieve our goal of continuous growth in Asia. We are in prime position to ride on this wave of growth. I’m confident that India, as a market, will be a vital contributor to this future success.”

Expressing his delight on the company’s 20 years of remarkable presence in India, Mr. Kazutada Kobayashi, President & CEO, Canon India said, “It is a privilege and a proud moment for us to complete 20 year of delighting our customers in the country. Over the years, Canon has grown steadily to make its presence felt across the nation. With everlasting commitment of our employees and partners, the company has attained a strong leadership positioning in the Indian imaging industry. 2016 marks yet another successful year for our journey in India, as we register a growth of 9%, with our revenue aggregating to INR 2348.6 cr.”

“As we celebrate success today, we are gearing up for the next big leap towards our ‘Vision 2020’, capable of achieving new growth. In the coming years, we will focus on our retail footprint and on growth across all businesses to achieve a double digit growth each year. By 2020 we envision to reach revenues of INR 3500 cr,” added Mr. Kobayashi.

Driving innovation in every aspect of its business, Canon has launched several advanced products over the years in both B2B and B2C categories. Progressing forward, the company is bullish on promoting the culture of the photography by penetrating deeper into the country. Presently, operating 214 CIS (Canon Image Square) stores across 103 cities in the country, the brand envisions to double the count of its CIS stores by the end of 2020. Through its initiatives like Canon Photomarathon, EOS Nation Seminars and Photography Workshops, the brand would continue to engage and educate customers.

For the inkjet division, the prime focus would be to build greater shelf share in the top resellers and concentrate on expansion to new vertical markets with SOHO & Pro Products. The Laser segment would strengthen its outreach towards the enterprise and government sector, along with progression towards value products with focus on customer lifetime management. Streamlining office processes and maximizing business efficiency, the Business Imaging Solutions vertical will be expanding its portfolio in 2017, aligned with the Government’s vision of ‘Smart Cities’. Taking its products and strategies to smaller towns, the Professional Printing domain (PPP) is strengthening its channel partner’s outreach to double its presence, across the country.

Canon India’s success over the years has been a joint effort by the employees, partners and customers at large. The imaging leader marked its 20th anniversary by unveiling a new logo for the year. By running a digital campaign across the country, the customers were provided with the opportunity to participate in this historic celebration. With the aim to set higher targets for itself, Canon India is heading towards a roadmap to create deeper in-roads in the country, supporting the enterprise and customers alike to make digital imaging innovative and expedient.

The steady growth of the company to make the brand’s presence felt across the nation has been made possible by the partners. Partners and vendors were also felicitated for supporting the brand in its constant endeavour of customer delight. Calling it just the beginning, the imaging brand would continue to rejoice the momentous occasion throughout the year.

And it is not all business - Canon takes pride in not only bringing quality products to the market; but also contribute to the community, under its CSR projects with the focus on ‘4E’ comprising of Eye Care, Education, Environment and Empowerment. The company has adopted 4 villages across the country under its flagship CSR programme – ‘Adopt a Village’ and have also partnered with SOS Children’s villages under their ‘Support a Life’ campaign. As part of this campaign, Canon employees have adopted 187 children to take responsibility of their wellbeing. To promote ‘skill development’ for a skilled India, Canon India has also introduced vocational and Skill development training in their adopted village. ?

About Canon Group

Ever since its foundation in 1937, Canon has been adhering to the “Kyosei” philosophy and has been striving to create and deliver world-class products, becoming a top global corporation by diversifying into new business fields throughout the world. Focusing on optical technologies, Canon produces office equipment, imaging devices, industrial systems and other products. Through the close connection between its global head office in Tokyo and regional headquarters in America, Europe, Asia, Oceania and regional headquarters in Japan, Canon combines its global and local operations organically. In 1996, Canon launched its Excellent Global Corporation Plan with the goal of serving the society with advanced technologies and becoming a trustworthy and responsible corporate citizen. The year 2016 is the first year of Phase 5 of the Plan. Currently, Canon boasts a strong global presence of 317 subsidiaries all over the world, supported by 189,571 employees. (Data as of December 31, 2015)

Canon in India

Canon India Pvt. Ltd., a 100% subsidiary of Canon Singapore Pvt. Ltd., is a world leader in imaging technologies. Set up in 1997, Canon markets over 200 comprehensive range of sophisticated contemporary digital imaging in India. The company today has offices and warehouses in 14 cities across India and employs over 1000 people. Canon has over 500 primary channel partners, 14 National Retail Chain partners, and over 6000 secondary retail points. Presently Canon has 214 retail stores called the Canon Image Square, in 103 cities in the country. Canon’s service reach extends to over 5000 towns with 18 Canon camera service centres and 37 printer Canon Care Centres. Canon India also has 141 authorized service centres for printers and 195 camera collection points.

In sync with its corporate tagline ‘Delighting You Always’ , reinforced by World class technology, Canon offers an extended product portfolio, including copier MFDs, fax-machines, printers, scanners, All-in-ones, digital cameras, DSLR, Cinematic imaging products, camcorders, cable ID printers and card printers catering to the multiple market segments of consumer, SME, B2B, Government & Commercial. Canon India recorded revenue of INR 2348. 6 crores in the year 2016.