History of Philips Electronics India Ltd.

1930

- The Comp. was incorporated on 31st January, 1930, at Calcutta as a Private Comp. under the name 'Philips Electricals Comp. [Indias] Limited' by N.V. Philips Gloeilampenfabrieken, Eindhoven.

1956

- The name was changed to Philips India Private limited on September 12th.

1957

- It was converted into a Public Comp. on 31st October. The Company manufactures & sells radio receivers, components, amplifiers, electrical lamps, lighting fittings & accessories, medical apparatus, etc. The Company products includes incandescent, mercury & sodium lamps, light fittings & accessories radios & public address equipment; hospital & dental equipment etc.

1967

- As on 31st October, the name was changed from Philips India Private limited to Philips India, Ltd.

1974

- 67,90,000 Bonus shares issued in prop. 1:1.

1978

- 27,16,000 bonus shares issued in prop. 1:5 in March.

1979

- N.V. Philips' Gloeilampenfabrieken, Holland, offered for sale to the existing resident Indian Shareholders 16,29,600 No. of equity shares of Rs 10 each at a premium of Rs 4 per share in the proportion 1:4. They also offered to the employees, business associates & Indian directors 2,77,400 shares of Rs 10 each at a premium of Rs 4 per share.

- The name was again changed to Pieco Electronics and Electricals, Ltd. with effect from 20th April, but the products of Comp. continued to be sold under the 'PHILIPS' trade mark & emblem.

- 10,00,000 shares offered to the public [prem. Rs 4 per shares].

1980

- The Comp. issued 11% 1988-92 debentures for Rs 8 crores by private placement.

- 7,04,000 shares issued [prem. Rs 4 per shares] to financial institutions.

1982

- On 7th May, the Comp. purchased all the 5,50,000 fully paid-up equity shares of Rs 10 each of Electric Lamp Manufacturers [Indias] Pvt. limited [ELMIs] at Rs 17 per share. Accordingly, EMI became a subsidiary of the Company.

- 36,00,000 bonus equity shares issued in prop. 1:5.

1983

- The Comp. entered into modernisation programme of its factories at Loni, as a result of this, a whole new range of modern, State-of-the-art, electronic components were introduced.

- Another subsidiary was incorporated under the name Unique Dataware Systems and Consultants Pvt. limited to undertake development & export of software. The name of this subsidiary was changed to origin Technology in Business [Indias], limited in February, 1991.

- The Comp. issued non-convertible debentures for Rs 14 crores to augment the working capital resources. Out of this, debentures for Rs 2 crores were privately placed & the balance of Rs 12 crores were offered as rights to resident Indian shareholders out of which debentures for Rs 9 crores were allotted during 1984.

1984

- Additional capacities were installed for variable gang condensors, trimming capacitors, plastic film & electrolytic capacitors as well as potentiometers.

- The Comp. secured the contract for Calcutta Metro Railway project where it was entrusted with the design, supply & installation of lighting systems.

1985

- A modern digitally controlled stored programme control audio cummunication system for steel plants based on microprocessor technology was introduced.

- A letter of intent, which was received earlier for manufacture of computer peripherals was converted into an industrial licence.

1986

- The Comp. received a letter of intent for manufacture of colour television sets at its Salt Lake factory at Calcutta.

- The Comp. received approvals for expanding the capacity of measuring instruments at its Pune factory.

- The Comp. issued 40,00,000-15% secured redeemable non-convertible debentures of Rs 100 each on rights basis as follows:

- [is] to the Company equity shareholders in the ratio of 8 debentures for every 50 No. of equity shares held and

- [iis] to the holders of 12,00,000-15% non-convertible debentures of the Comp. in the proportion of 8 new debentures for every 5 existing debentures held.

- 117,20,400 shares issued [prem. Rs 10 per shares]; 108,00,000 shares as rights in prop. 1:2; 5,55,000 shares to employees & whole-time directors of Comp. & 3,65,400 shares to N.V. Phillips of Netherlands to maintain their holding in the Comp. at 39.7%.

1987

- In a joint venture project WEBEC with WBEIDC at Calcutta the Company holds 51% stable.

- Modern sophisticated manufacturing facilities were installed for production of labour range of two-way radios and pagers. The Comp. was to be named as Philips Telecommunication Industries Ltd.

- The Comp. supplied & installed automatic teller machines [ATMs] in banks such as Hongkong & Shanghai banks & also at their various offices in Mumbai, Calcutta etc.

- During the year, a number of new software driven microprocessor based instruments & systems were introduced.

- The Comp. received a letter of intent in respect of injection moulded engineering & industrial plastic products with an annual capacity of 2,600 tonnes.

- The Comp. in collaboration with AKG Aukustische U. Kino-Gerate Ges m.b.H. Vienna, Austria, a leading manufacturer of acoustic transducers and systems promoted a new Comp. PAKG Accoustics India, Ltd.,'. Also a Letter of Intent was obtained for manufacturer of accoustic transducers.

1988

- Energy-effective lighting systems such as street lighting luminaries suitable for clear tubular sodium vapour lamps were introduced. Rails and spaciolita systems were developed & better process control systems in welding, die casting & testing were used.

- In the Consumer Electronics Field, the Comp. introduced audio products specially targetted at the youth market under the `Moving Sound' banner.

- 12mm Potpack potentio meters with advantage of miniaturisation, easier mounting & compactness were introduced. Film capacitors with new types of resistors & elcos were introduced.

1989

- The Consumer Electronics division introduced the name 'Philivision' for the range of TV receivers. It has established the concept of home audio systems with the launch of `Philips Powerhouse'. In order to save foreign exchange, a colour TV chasis was being developed.

1991

- The lamps division introduced new series of energy efficient high lighting efficiency & SON-Comfort with better colour rendering properties. An indigenous colour TV chasis was developed & launched in the new range of colour TVs.

- A 100% export oriented unit was set up for philips Resistors at Loni.

1992

- The lamps division introduced street lighting luminaries with special optics for SON-T plus lamps.

- The Consumer electronics division launched colour & monochrome television with the PHILIPS brand name. The Comp. also introduced the Curostyle range of televisions with a range of international models and satellite receiver systems.

- The industrial electronics division received an order for installing the simultaneous interpretation & conference system in Vigyan Bhawan, Delhi. The Comp. launched successfully a computer controlled addressable analogue time detection & alarm system during the year.

1993

- The lighting division of Comp. introduced for first time compact fluorescent lamps & dichroic single ended halogen lamps.

- The Company new range of colour televisions introduced under the brand name of `POWER VISION' was well received in the market.

- The Industrial Electronic division installed time detection & alarm systems for TISCO & Siemens. The division launched the period low-end public address amplifiers & accessories.

- In the field of audio communication, the Comp. executed major orders such as programmable plant management system for Rourkela Steel plant modernisation & announcement & intercom system for Marshalling Yard modernisation Eastern Railway.

- A test & measuring equipment, Scope Meter' was introduced in the market during the period.

- 76,84,090 No. of equity shares issued [prem. Rs 30s] to N.V. Phillips of Netherlands to raise their holding in the Comp. to 51%.

1994

- For the first time, the Comp. entered the area of hazardous lighting that has application in chemical/petrochemical & oil refining complexes.

- A number of interesting lighting projects were realised like decoration flood lighting of first cable suspension bridge `Vidyasagar Setu' across the river Hooghly in Calcutta and International airport Calcutta.

- The Electronic division introduced a new range of Power vision series in 14', 20', 21' and 25' sizes & also launched 29' screen size to Matchline series. In addition a colour TV wide screen 32' with prologic controls & Dobby Sound was launched.

- In the personal care department, personal care products such as satinelle & lady shave were introduced.

- The electric component division introduced voltage Dependent resistens.

- The PMF business unit, undertook to invest in high capacity 1200 tonnes state-of-the-art computer controlled moulding machine to meet increased requirement of TV cabinets.

- A new state-of-the-art PCB production in line with maps sensing technology from Japan was installed to meet the increased demand for audio and video PLBs.

- The industrial electronics division introduced flame-proof audio communication modules in the form of systems solutions, substituting imported equipment.

- The Comp. allotted 2,18,490 No. of equity shares of Rs 10 each at a premium of Rs 20 per share to Philips Electronics NV Eindhoven, the Netherlands with a view to maintain there shareholdings at 51%. 5524 No. of equity shares were kept in abeyance by RBI.

- 41,05,118 Rights equity shares issued [prem. Rs 20; prop. 1:10s]; 5,320 shares kept in abeyance. Another 2,05,252 equity shares issued to employees [all were taken ups]. Another 2,18,490 No. of equity shares allotted at a prem. of Rs 20 per share to Phillips Electronics, Endhovers, Netherlands, 5,524 No. of equity shares kept in abeyance.

1995

- The lighting division introduced a number of products in lamps and luminatires. Arena vision concept of lighting was introduced in the Gwalior and Mumbai stadia for first time.

- The Consumer Electronics division introduced economy sets in 14' & 20' screen sizes providing best value for money to the customers.

- Limited quantities of video cassette recorders of International Philips designs in 2-head and 4-head versions having special centre drive mechanisions, were introduced.

- The plashes & metal ware factories business unit entered into new market segments viz. medical engineers, automobiles etc.

- 224 shares allotted.

1996

- 'Trulite' fluorescent lamps which combine high energy efficiency with excellent colour realisation was introduced during the year.

- Consumer electronics division introduced the 630 series Mini Audio Systems, Video CD Players & smart line sterio recorders.

- The business electronic division introduced the sale of ISDN products like phones, terminal Adapters, Network Terminators etc.

- Philips consumer communication a new business group was formed which launched a range of Fizz Cellular phones during September.

- 2,592 shares allotted.

1997

- A new line of `Ecotone' compact fluorescent lamps & a new range of high frequency electronic gear were introduced by Lighting division.

- The consumer electronics division introduced over 20 new innovative products in radios, radio recorders, personal stereos & CD-based music systems.

- The most recent cellphone to be launched was the 'Genie', the smallest & lightest cellphones in the world.

- Domestic Appliances division launched several new products such as juicer-mixer-grinder, blender bar & food processor. Four new models of dry irons & a new mixer grinder were also developed. A new oven-toaster-grill was launched at a significantly lower price to cater to the needs of volume segment.

- The Comp. introduced advanced & wide philips range of closed circuit/television & a new pro screen 4x00 series of liquid crystal display projectors during the year.

- A letter of intent was received for manufacture of additional 1mm audio products [radios, recorders, combinationss] covering both Pune and Calcutta factories. An industrial licence was received for the manufacture of 1mm micromotors which together with tape deck mechanism was being implemented at the Salt Lake factory in Calcutta.

- 8,028 shares allotted.

- Philips has launched in South India the HL 1635 rice cooker. The cookers consume only 40 paise of electricity for cooking one cup of raw rice, claims the company. Its other features include thermal fuse and electrostatic painted body.

- The strike in the Calcutta plant has significantly affected production in November & December. - Philips India audio business group has launched its 11 audio products which would carry the signature of Indian cricket captain Sachin Tendulkar. The products include pocket radios, HPS, sterio radio cassette recorders, mono radio cassette recorders priced in the range of Rs.250 to Rs.6,000.

- Philips consumer communications has launched two multipurpose pagers, the PRG 2220[alpha numerics] & the Myna [numerics]. PRG 2220 is a compact alpha numeric massaging pager, Myna a compact numeric pager, is one of smallest & lightest in its class.

- Philips India Ltd has introduced their second GSM phone, Spark, in the country.

- Philips India Limited which commenced by trading in radios subsequently set up plants to manufacture consumer electronics, electronic components, industrial electronics & lighting.

- The Comp. currently has two unions-the Citu-affiliated Peico Workers Union [PeWUs] & the non-affiliated Philips Workers' Union [PWUs].

- For the first time in India, the Comp. has just launched two premium hi-fi music systems-Marantz Gold & slim series.

- Philips India Ltd has launched its range of ProScreen 4000 series LCD projectors in Mumbai.

- Philips India has launched FW 790P, a composite mini system with five satellite speakers.

1998

- Philips India has launched its Philips Super Grinder & Philips Spray Iron in the city.

- The Comp. entered the Automobile Market segment & commenced supply of plastic components to the latest passenger car Indica.

- The country largest colour television manufacturer, Videocon, is believed to have entered into a memorandum of understanding [MoUs] with Philips India to acquire the plant.

- Philips India Limited, a pioneer in the audio industry, on 23.04.98 launched Philips CD-Recorder [CDR 870s] the only recorder which allows to create your own compact discs [CDss] on either CD-Recordable [CDRs] or CD-Rewritable [CD-RWs] digital audio discs.

- Philips India Ltd., which is undergoing a restructuring exercise, is likely to offer voluntary retirement scheme [VRSs] to the employees of its electronic weighing & car systems divisions. - Philips India Ltd has launched three digital products in the Indian market. They include a hand held personal computer, disc players & a camera, all digital.

- Philips Software Centre Pvt Ltd [PSCs], a wholly-owned subsidiary of the $40 billion Philips Electronics NV of Netherlands, has set up a second software centre in Bangalore.

- The Credit Rating Information Services of India Limited [CRISILs] has given `P1+' rating to the enhanced Rs.750-million commercial paper programme of Philips India Limited.

- Philips Monday launched India first absolutely flat colour television with a depth of 4.5 inches, screen size of 42 inches, & a price tag of Rs 800,000.

- The Comp. also launched a 25-inch television with new add-on features, as well as a new 29-inch large television in the same sizes at those produced currently by rivals Sony, BPL, Toshiba, etc.

- Philips India Ltd has entered into an agreement with Kitchen Appliances India Ltd, a nominee of Videocon International Ltd, for the purpose of sale of company consumer electronic factory at Salt Lake in Calcutta as a going concern on `as is where is' basis, subject to the requisite approvals being obtained.

- Philips on Oct 13 launched its new global brand building campaign, which has earmarked a Rs 30 crore advertising budget for Indian market over the next four to five months, with an eye on higher market shares.

- Philips India Ltd has launched a massive brand building exercise involving Us Dollar seven million advertising campaign aimed at revitalising, the brand in India.

- Philips India has launched a new range of LCD projectors Hopper SV10.

1999

- Philips India Ltd is exploring the possibility of entering into a tie-up with Videsh Sanchar Nigam Ltd [VSNLs] for launch of Internet TV.

- Philips India Limited has made an entry into the computer colour monitor business in India & has targeted it as one of its focus areas in the future.

- PHILIPS India has signed an agreement with B.C. Components India Pvt. Ltd for sale of its non-ceramic passive components business at Loni, Pune as a `going concern'.

- The Comp. has entered into an agreement for sale on April 22, with BC components India Pvt. limited a proposed subsidiary of BC components Internation B.V. Netherlands, for purpose of sale of the company components undertaking of Comp. located at Loni-Kalbhore - 412 201.

2000

- The Comp. is launching a slew of CTV models across the nation.

- The Comp. has introduced the 570M DVD in the domestic market.

- The Peripherals Division has launched a slew of products - 13 new PC colour monitors & a multi-lingual speech recognition software.

- The Comp. has set up a separate organisational structure for its consumer electronics division.

- Philips Inida Ltd consumer electronics division has received the Bureau Veritas Quality International [BVQis] ISO 9002 certification for its manufacturing, sales & marketing.

- The Comp. has launched a voice activated e-commerce Website equipped with an auto payment gateway for its consumer durable products.

- Philips India launched its home cinema solutions in Bangalore.

- Philips India, launched by Securities & Exchange Board of India have been discharged with the adjudicating officer ruling in favour of the company.

- Philips India has taken the initiative of using its expertise to develop specifications for Bluetooth-based hi-fi audio & video applications.

- The Comp. is all set to launch its set-top box model 'Web TV Box' for Internet access in the Indian market.

- Consumer electronics major Philips India has tied up with applications service provide DSQworld.com to bring to the Indian market the country first voice portal service.

- The Comp. has introduced another voluntary retirement scheme at its integrated lighting factory in Kalwa, Mumbai.

- Mr. Geert Van Heumen has been appointed as Director & Chief Financial Officer of Comp. from September 1.

- Cymbionic Marketing limited a prominent name in Multi-level marketing has tied up with the Comp. for boosting its marketing and distribution strength.

- Philips India Ltd., the global consumer durables giant, has launched a 21-inch colour television, Philips Matchline Real Flat 21PT 3462, with digital cinema surround & intelligence embedded software.

- Philips Plastic & Metalware Factories a division of Philips India, has been re-named Philips Enabling Technologies Group, to reflect its changed business focus.

- The Comp. has launched DVD 711. The Comp. as unveiled the FW-V39 VCD mini hi-fi system with unique MP-3CD playback capability.

- The Comp. will buy picture tubes from a 50:50 joint venture with Korean giant, LG Electronics formed worldwide.

2001

- The Comp. has launched its FW-V39 [VCD ini Hi-FI system with MP3-CD playback capability.

- Philips India has sold its corporate headquarters at Shivsagar Estate, in Mumbai.

- The Comp. has set up a computer monitor manufacturing unit in the country if it manages to achieve a critical mass of 100,000 units in the 14-inch monitor segment by 2002.

- The Comp. has launched its latest proprietary Light-Frame technology monitors, which delivers bright & sharp video & photo display in user-selected window or screen, in India.

2002

-Philips India cuts its staff strength by 600 employees.

-Koniklijee Philips Electronics, parent Comp. acquires 92% stake in philips India through an open offer.

-ORG figures reveals that Philips Co. tops the audios in 2001.

-Philips launches new range of mobile phones, called 'Fisio'.

-Philips India launches its new Shared Service Centre in Kolkota to handle its finance & accounting services.

-Mr Rajiv Karwal, Senior Vice President,Philips India Ltd get the CII Young Manager Award by the Confideration of Indian Industry.

-Philips India reports to hold highest market share in the audio segment.

2003

-Philips India Ltd launches 150 P lightframe 3 LC PC monitors in Kerala.

-Philips unveils software diagnostic tools to cater to the needs of high-tech consumer goods owners.

2004

-Philips India unveils DVP player

-Philips launches new device to cure heart attack

-Philips India forges alliance with Nike

- Philips India launches its mobile 'Philips 355', in Kerala

-Philips Electronics launches 'RepliTrack', a turnkey video watermarking solution for forensic tracking purposes.

-Philips introduce home theatre systems in India

2005

-Philips launches new range of FM radios to stay on top

-Philips unveils Ambilight technology

2006

-Philips Electronics rolls out digital satellite TV