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Company Overview of Philips Electronics India Limited
Company Overview
9th Floor, DLF 9-B
DLF Cyber City
Sector 25
DLF Phase - 3
Gurgaon, 122002
India
4,762 Employees
Key Executives for Philips Electronics India Limited
philips electronics india limited Key Developments
T.T. Jagannathan, Chairman of TTK Prestige Ltd., said the promoters of TTK are not planning to sell stake to Philips Electronics India Limited. "I categorically deny that (stake sale by promoters). There is no offer; Philips Electronics has not made any offer to us. And even if they do, we are not entertaining any offers," he said. There were rumors that Philips is planning to buyout the promoters at a price of INR 4,100 per share. Since March 19, 2012, the shares have risen 10%.
Philips Electronics India Limited announced the appointment of Ada Ratnam as the president of its consumer lifestyle business in India. Mr. Ratnam, who was earlier the head of the lighting systems and controls business of Philips India, will take over charge from Anjan Bose who will retire on March 31, 2012. Mr. Ratnam joined Philips in November 2004.
Koninklijke Philips Electronics NV is evaluating possibilities, including acquisitions, to start producing automotive lighting solutions in India. The company intends to double revenue to over INR 3 billion from India by 2015. Philips Electronics India Ltd’s Director (Automotive Lighting), Sameer Sodhi told PTI: "We are currently producing general lighting solutions from two facilities at Mohali and Vadodara. Now we are looking at options to have a facility to manufacture automotive lights in India." He added that the company is exploring a number of options such as setting up a green-field unit, rolling out products from the existing lights making factories or acquiring a potential manufacturer of automotive lights producer.
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| 1515:TT | 4.97 TWD | -0.06 |  |
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To contact Philips Electronics India Limited, please visit www.india.philips.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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