KONE's Presence in India dates back to 1984, when it formed a joint venture called Beacon KONE with Best & Crompton Engineering Ltd., a large and diversified company based in Chennai, Tamil Nadu. Beacon KONE opened a factory in 1987 near Chennai. In 1992 KONE purchased Best & Crompton's interest in Beacon KONE, and KONE India became a 100% subsidiary of KONE Corporation.
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