Philips India Ltd Unlisted Shares
Philips India Limited manufactures consumer electronics. The Company offers fluorescent and halogen lamps, television sets, compact disc players, digital radio systems, personal care, household, lighting, loud speakers, audio communication systems, car lights, and accessories.
Philips India Limited is a subsidiary of Royal Philips of the Netherlands, a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care.
Philips India is a leading hi-tech company doing business in the field of Healthcare system, and Personal Healthcare. The company also has a Healthcare innovation center at Pune and Innovation campus at Bengaluru.
I. Healthcare System: It imports machines from Philips globally for Diagnostic Imaging( MRIs, CT Scan, Digital X-Ray), Ultra Sound, Image-Guided Therapy, Patient Care, and monitoring Systems.
II. Personal Healthcare: It includes Domestic appliances, Personal Care, Health, and Wellness products.
III. Healthcare Innovation Center: It is the R&D center of Philips India which also assembles machines as discussed above under the Healthcare System.
IV. Philips Innovation Campus (PIC):Based at Bangalore, initially started as a software center in 1996, is now recognized as one of the key innovation hubs for Philips globally.
S. M. Datta Chairman and Non-Executive Director
Daniel Mazon Vice - Chairman and Managing Director
Rajiv Mathur Director and Company Secretary
Sudeep Agrawal Director and Chief Financial Officer
Geetu Gidwani Verma Non-Executive Independent Director
Category of shareholder No. of shares Holding (in %)
Koninklijke Philips N.V. 5,52,90,182 96.13 Others 2,225,871 4.87 Total Outstanding shares 5,75,16,053 100
The Company has delivered positive net cash from operations in the financial year 2019-20. The Company has not made any major borrowings in this year and has managed working capital requirements from internal cash generation.
Company continued to facilitate Healthcare sales with innovative financial solutions to support customers and business in keeping up pace with the market growth to the tune of ` 2,139 million, using internal accruals.
With these ongoing headwinds, Personal Health business of the Company was still able to deliver sales growth of 5.8%, over the previous financial year.
In Philips Innovation Campus During the year, Sales (Export in Foreign Currency) amounted to INR 13.9 billion (as compared to INR 12.1 billion in 2018-19). PIC’s average employee strength during 2019-20 was 3,309 (2,937 in 2018-19).