Signify Innovations (Previously Philips Lighting) India Limited Unlisted Shares

For over 120 years, Signify Innovations (Previously Philips Lighting) has been at the forefront of innovation. They use the transformative power of light to make people more comfortable and productive– providing high-quality light in public places, professional spaces, and at home. They use light to make people feel happier and safer – light that entertains, inspires, and informs, makes cities more livable, and satisfies people’s daily needs.

Philips is taking lighting beyond illumination with connected lighting innovations for the home, retail environments, offices, cities, and more.

Philips pioneered the development of high-quality, energy-efficient LED lighting. They are now taking lighting into a fully digital world that connects people, places, and devices. They foresee a day, in the near future, when all their lamps, luminaires, and system devices will be digital and network-ready. Using a combination of patented technologies and open standards, their lighting innovations will connect seamlessly to benefit the customers and the environment.

Philips Products

(i) Hue Personal Wireless Lighting System:
Everyone must be wondering what is Hue Wireless Lighting System. This is an innovative product designed by Phillips in which you can control the light in the room with the beat of your music, Isn’t it a wonderful concept? Easily synchronize your Philips Hue lights with your favorite music. Create the perfect atmosphere with light that matches your favorite songs.

(ii) Led Lights:

Everyone these days is talking about the LEDs. So what is that which separates LEDs from conventional bulbs?

1. Create a warm, cozy atmosphere with LED lighting.
2. Longer lifetime and uses up to 90% less energy than traditional sources.
3. Enjoy perfect light quality, instant-on with no warm-up time.

The Phillips is Leader in when it comes to LED Lighting.

Click here for more information.

(iii) Luminary and Bulbs:

A perfect luminary can help light up every room. From wall lamps to ceiling pendants provide the perfect light for your home. Decorative light bulbs help in enhancing your home and adding a perfect light to it. These lighting fixtures enhance the look of your home and add a unique lighting mood.

Click here for more information.

Business Performance in FY18-19:

(i) The lighting industry continued its transformation towards LED lighting, owing to declining LED prices and favorable government initiatives. There has been an increase in the adoption of LED lighting across homes, commercial, and government projects across the country in the past year. The government has also implemented several streetlighting projects during the year, installing LED streetlights that are more energy-efficient and offer a higher light output.There is an increase in the total market share of LED lights among all available conventional lighting methods, to 82% from 73%, in 2018-19.
(ii) However, in 2018-19, the lighting industry also witnessed an increased influx of low cost and spurious lighting products that don’t follow safety regulations specified by the government. The market of such players has grown by 5.6% in the market this year.
(iii) Due to the phase-out of CFL-I lamps in the Indian market and rapid shift to LED, the management has closed down it’s Mohali CFL plant and is in the process of finding the buyers for land and remaining assets.

Business Highlights of FY19-20
(i). In FY19-20, the LED products have generated 83% of the revenue under lightning business which is almost same as that of last year.
(ii). In FY19-20, the company has launched 70 new exclusive Philips Smart light hubs with increasing urbanization & focus towards Home connected lighting solutions.
(iii). About 92% of what company sell in India is made in India and this de-risks the production from external factors.
(iv). The company has manufacturing unit in Vadodara which exports conventional and LED lamps to 29 countries across the world, and is also one of the most cost competitive conventional lamp manufacturing facilities in the world for Signify.
(v). The company has R&D lab in Noida. In FY19-20, the company has designed products such as – Philips T-beamer, Philips T-bulb to name few.
(vi). The Professional lighting solutions witnessed a de-growth of 28%, owing to reduced EESL tenders, limited government projects post the general elections in 2019, & economic slowdown especially in Infrastructure category. However, despite this, company got prestigious projects such as;
a) Motera stadium in Ahmedabad, the world’s largest cricket stadium.
b) Illuminating the iconic Qutub Minar in the capital city New Delhi
c) Illuminating the Howrah Bridge in Kolkata.