About Philips India
(i) Philips India Limited is a subsidiary of Royal Philips of the Netherlands (KNPV), 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. KNPV Holds 96.13% shares in Philips India Limited and remaining shares are held by minority shareholders.
(ii) 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 Bangaluru.
(a) 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.
(b) Personal Healthcare:
It includes Domestic appliances, Personal Care, Health, and Wellness products.
(c) Healthcare Innovation Center:
It is the R&D center of Philips India which also assembles machines as discussed above under the Healthcare System.
(d) 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.
The focus of the innovation hub is to help accelerate Philips’s leadership as a Health Technology company through meaningful innovations for local and for global markets. Enabled by highly qualified, passionate and motivated professionals over the last 23 years, this center has evolved rapidly to become
a strategic innovation hub for Philips.
PIC builds software products and solutions across the health continuum starting with healthy living, disease prevention to diagnosis, treatment, and home-based care. The software and product innovations enable global advancements in common platforms for various imaging products like MRI, CT, Diagnostic X-Ray, and Ultrasound. PIC has extensive expertise in cutting-edge technologies such as AI, Cloud, Data Analytics, IoT, etc.
Subsidiaries of Philips India:
As of March 31, 2019, the Company had two wholly-owned subsidiaries, Preethi Kitchen Appliances Private Limited (“Preethi”) and Philips Home Care Services India Private Limited (“Philips Home Care”) and a Joint Venture Company, Healthmap Diagnostics Private Limited (“Healthmap”), where the Company held 35% shareholding.
However, in the meeting of the Board of Directors of the Company held on May 1, 2019, the approval was accorded to dispose of the shareholding of the Company in Healthmap, by way of sale to Manipal Health Enterprises Pvt. Ltd.(Manipal), at the present fair market value at that time i.e. 23.65 per share. The Company held 1.48 Crore shares in Healthmap and based on the said price, the aggregate share sale consideration amounted to 35.00 Crores.
Preethi Kitchen Appliances is the leading manufacturer of kitchen appliances in the south India market. It sells mixer grinder, glass top, stainless-steel, gas stoves, coffee maker, induction cooker, rice cookers, Kettles, electric iron box, electric pressure cooker, and vessels for Induction cooker.
Philips Home Care had launched its Critical care segment in 2017, wherein the step-down version of an ICU is set up in the patient’s home with 24×7 presence of a nurse, along with wide range of equipment and services, as required, like BIPAP, Multipara Monitor/pulse oximeter, DVT pump, infusion pump, hospital bed, physiotherapist’s visit, and respiratory therapist’s visit.
|Total Available Shares:||300|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||100-300 Shares|
|Current Unlisted Share Price:||₹ Best in Industry Per Equity Share|
|Shareholders Name||number of shares||% of share|
|Koninklijke Philips N.V.||5,52,90,182||96.13|
|Philips Radio B.V.||60||0|