Saturday, March 22, 2014
KONINKLIJKE PHILIPS N.V. (Royal Philips, commonly known as Philips) is a Dutch diversified technology company
headquartered inAmsterdam with
primary divisions focused in the areas of Healthcare, Consumer Lifestyle and
Lighting. It was founded in Eindhoven in 1891 by Gerard Philips and his father Frederik. It is one of
the largest electronics companies in the world and employs around 122,000
people across more than 60 countries.
Philips
is organized into three main divisions: Philips
Consumer Lifestyle (formerly
Philips Consumer Electronics and Philips Domestic Appliances and Personal
Care), Philips Healthcare (formerly Philips Medical Systems) and Philips
Lighting. As of 2012 Philips was the largest manufacturer of lighting in the
world measured by applicable revenues. In
2013, the company sold the bulk of its remaining consumer electronics
operations to Funai Electric Co. On 25 October 2013, the deal to Funai
Electric Co was broken off and the consumer electronics operations remain under
Philips.
Philips
has a primary listing on the Euronext
Amsterdam stock exchange and is a
constituent of the AEX index. It
has a secondary listing on the New
York Stock Exchange.
Philips began operations in
India in 1930 with the establishment of Philips Electrical Co. (India) Pvt Ltd in Kolkata as a sales outlet for imported Philips lamps. In 1938,
Philips established its first Indian lamp-manufacturing factory in Kolkata. In
1948, Philips started manufacturing radios in Kolkata. In 1959, a second radio
factory was established near Pune. In 1957, the company converted into a public limited
company, renamed "Philips India Ltd". In 1970 a new consumer
electronics factory began operations in Pimpri near Pune; the factory was
closed in 2006. In 1996, the Philips Software Centre was established in Bangalore, later renamed the Philips Innovation Campus. In 2008, Philips India entered the water purifier
market..
Philips' core products are
consumer electronics and electrical products (including audio equipment,
Blu-ray players, computer accessories, televisions, small domestic appliances
and shavers); healthcare products (including CT scanners, ECG equipment, mammography equipment, monitoring equipment, MRI scanners, radiography equipment, resuscitation equipment,
ultrasound equipment and X-ray equipment); and lighting products (including
indoor luminaires, outdoor luminaires, automotive
lighting, lamps, lighting controls and lighting
electronics).
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