What Thăng Long does

Tập đoàn Thang máy Thiết bị Thăng Long (TLE Group) is a privately held Vietnamese elevator and escalator solutions provider, founded on May 17, 2001, and headquartered at 44 Hao Nam, Ô Chợ Dừa Ward, Hanoi. Operating for 25 years, the company distributes and installs Mitsubishi elevator systems across Vietnam through its Hanoi headquarters and regional branches in Ho Chi Minh City (established 2006) and Da Nang (established 2011), with project references spanning all 64 provinces and cities. The product portfolio covers home elevators, hospital elevators (including the Nexiez MR model), freight elevators, machine-room-less (MRL) elevators, machine-room elevators, food-grade elevators, observation elevators, escalators, and conveyor systems, complemented by air conditioning distribution and interior design services through affiliated companies TLA Home and Thanh Thang Thang Long.

TLE Group generates revenue primarily through one-time project-based contracts for elevator and escalator supply and installation, supplemented by recurring warranty and maintenance revenue from its installed base and professional technical consulting fees. The company operates with enterprise field sales: a professionally trained business team conducts direct customer engagement to recommend products, while technical teams perform on-site surveys for each project. Its installation workforce is organized around 2 dedicated construction centers, with 65% of technicians certified at Level 2 or above, and is continuously trained through technical seminars co-organized with Mitsubishi. End customers span mixed-use commercial developments, office buildings, hotels and resorts, residential complexes and individual family homes, hospitals, factories, and educational institutions; named customers include Community University of Health Sciences, University of Social Sciences and Humanities, Hanoi Architectural University, FPT University, HCMC University of Information Technology, and the Capital Elite residential project in Hanoi.

On May 19, 2026, TLE Group formally became the official distributor of Shanghai Mitsubishi elevators in Vietnam, codifying a partnership that originated in 2001. The company's nationwide channel, technical consulting capability, certified installation workforce, and 25-year brand presence together form the basis of its position in the Vietnamese elevator market.

Name

Thăng Long

Legal name

Tập đoàn Thang máy Thiết bị Thăng Long

Website

https://tle.com.vn

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

TLE Group is a Vietnamese elevator and escalator solutions provider, founded in 2001, distributing and installing Mitsubishi elevator systems across all 64 provinces of Vietnam from its Hanoi headquarters with regional branches in Ho Chi Minh City and Da Nang.

Ownership category

akta.pro rank

Product category

Elevator and Escalator Solutions

NAICS

Elevator and Moving Stairway Manufacturing (333921), Plumbing, Heating, and Air-Conditioning Contractors (23822)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Elevator, Escalator & Vertical Transportation Installation/Service (IMAFALAI)

akta.pro secondary industries

Traction/Machine-Room-Less (MRL) Elevator Service & Maintenance (BPABAIAL), Elevator Modernization & Retrofit (Controllers, Drives, Door Systems) (BPABAIAE)

Keywords

• Elevator installation
• Escalator systems
• Vertical transportation
• Mitsubishi elevators
• Elevator maintenance

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Elevator and Escalator Sales and Installation: TLE Group supplies and installs elevator and escalator systems across Vietnam, serving projects from mixed-use buildings and office towers to residential complexes, hospitals, factories, and schools. Revenue is generated through one-time project-based contracts for equipment supply and installation.
2. Technical Consulting Services: Professional technical consulting from a trained business team that helps customers select the most suitable products for their intended use. Surveys and advises on each construction project.
3. Warranty and Maintenance Services: Post-installation warranty and maintenance services for elevators and escalators, providing ongoing revenue from the installed base.
4. Air Conditioning Systems: Distribution and installation of air conditioning systems as part of the group's comprehensive building solutions ecosystem.
5. Interior Design and Wood Furniture: Interior design consulting and wood furniture products through affiliated companies (TLA Home and Thanh Thang Thang Long).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

TLE Group distributes and installs Shanghai Mitsubishi elevators and escalators across Vietnam, covering home elevators, hospital elevators, freight elevators, machine room-less (MRL) elevators, machine room elevators, food-grade elevators, observation elevators, escalators, and conveyor belts. The offering is rounded out by technical consulting, professional installation through two construction centers, and post-installation warranty and maintenance services for buildings, hospitals, factories, schools, offices, hotels, and residential complexes.

Product overview

TLE Group (Thăng Long Elevator Equipment Group) is a comprehensive elevator and escalator solutions provider headquartered in Hanoi, Vietnam, established in 2001. The company operates as a manufacturer and distributor of Mitsubishi elevators, offering a complete portfolio of elevator types including home elevators, hospital elevators, freight elevators, machine room-less (MRL) elevators, machine room elevators, food-grade elevators, and observation elevators, along with escalators and conveyor systems. The product offering is complemented by air conditioning systems and interior design consulting services through partner companies. TLE Group provides end-to-end services encompassing technical consulting, installation and construction with 2 major construction centers employing skilled workers, and warranty and maintenance services. The company serves diverse building types including mixed-use complexes, office buildings, hotels, residential complexes, hospitals, factories, and educational institutions across 64 provinces in Vietnam.

Differentiator

Problem solved

Functional benefit

Products and services

• Elevators and Escalators (Thang máy & Thang cuốn) Comprehensive portfolio of vertical transportation products including home elevators, hospital elevators (e.g., Nexiez MR), freight elevators, machine room-less (MRL) elevators, machine room elevators, food-grade elevators, observation elevators, escalators, and conveyor belts. Distributed and installed for buildings, hospitals, factories, schools, offices, hotels, and residential complexes across Vietnam.
• Air Conditioning Systems (Điều hòa không khí) Air conditioning systems distributed and installed as part of TLE Group's building solutions ecosystem alongside elevators and escalators.
• Technical Consulting Service (Tư vấn kỹ thuật) Professional technical consulting from a trained business team that helps customers select the most suitable elevator and escalator products for their intended use. The team conducts thorough on-site surveys for each project, demonstrated on some of Vietnam's largest mixed-use buildings, office buildings, hotels, residential complexes, hospitals, factories, and schools.
• Installation and Construction Service (Thi công lắp đặt) Installation and construction services for elevators and escalators executed by skilled engineers and workers at TLE Group's two dedicated construction centers, with 65% of technicians holding Level 2 certification or above.
• Warranty and Maintenance Service (Bảo hành bảo dưỡng) Post-installation warranty and maintenance services for elevators and escalators that ensure optimal performance and longevity of the installed base, generating recurring revenue.

Named customers6 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Shanghai Mitsubishi Electric (SME) / Mitsubishi Elevator Asia (AMEC)coreChannel Partner/ Reseller/ Distributor · 19 May 2026TLE Group officially became the authorized distributor of Shanghai Mitsubishi elevators in Vietnam following a formal announcement ceremony on May 19, 2026. TLE has a long-standing relationship with Mitsubishi dating back to 2001, with regular visits to Mitsubishi Electric headquarters in Japan and participation in Mitsubishi Asia's 20th anniversary celebration in Thailand in 2012. AMEC (Mitsubishi Elevator Asia Co., Ltd) is a 100% Mitsubishi-owned company established in 1992 in Thailand.
• Mitsubishi Electric Corporation (MELCO)coreTechnology or IntegrationTLE Group maintains a strategic partnership with Mitsubishi Electric Corporation. The group participates in technical seminars organized by Mitsubishi to help staff master new elevator models and complex technical factors. Senior leadership from MELCO in Japan have visited TLE Group in Vietnam.
• Mitsubishi Corporation VietnamminorStrategic or Co-development PartnerThe President and CEO of Mitsubishi Corporation Vietnam visited TLE Group in May 2016 to discuss cooperation, reflecting the high-level partnership between the two groups.
• Young Entrepreneurs Association of Hanoi (Hanoi Young Entrepreneurs Club)minorOthersTLE Group joined the Hanoi Young Entrepreneurs Association in August 2024, expanding opportunities for cooperation and development.

Scale indicators4 records

Recent moves3 records

Expansion highlights4 records

Direct peers

• TK Elevator (Thyssenkrupp Elevator): Major global elevator OEM with Vietnam installation and service operations that competes head-to-head with TLE for new-build and modernization projects across verticals.
• KONE: Finnish elevator and escalator major with a strong service-led Vietnam presence targeting residential, commercial and infrastructure projects — overlapping directly with TLE's go-to-market.
• Schindler Group: Global elevator and escalator company with established Vietnam operations across installation and maintenance. Competes with TLE for commercial, residential and mixed-use projects in Vietnam.
• Hyundai Elevator: Korean elevator OEM that distributes and installs elevator systems across Asia, including Vietnam. Competes with TLE's Mitsubishi product range in residential, commercial and industrial segments.
• Otis Worldwide: World's largest elevator and escalator OEM with direct sales, installation and service operations in Vietnam. Comparable to TLE because it sells and services passenger, hospital, freight and home elevators in the same end markets TLE addresses.
• Hitachi Lift (Hitachi Building Systems): Japanese elevator and escalator manufacturer with Asia-Pacific installation and service footprint. Competes with TLE on high-rise, commercial and infrastructure projects throughout Southeast Asia.

Broad incumbents

• Shanghai Mitsubishi Elevator (SME / AMEC): The Chinese Mitsubishi-affiliated OEM whose products TLE Group officially distributes in Vietnam. An incumbent player in the elevator value chain that TLE is operationally aligned with but does not directly compete against as a separate distributor channel.

Others

• Coteccons Group: Leading Vietnamese general contractor that buys elevator and escalator systems for its projects. Indirectly comparable as a buyer/customer within TLE's addressable construction ecosystem rather than a vertical transportation competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Thanglongtlegroup
• Xx.com/ThangmayTLE
• LinkedInlinkedin.com/company/thang-long-tle-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thăng Long