Philips India

1930 
 
 - The company was incorporated on 31st January, 1930, at Calcutta as
 a
 Private Company under the name Philips Electricals Company (India)
 Limited by N.V. Philips Gloeilampenfabrieken, Eindhoven.
 
 1956 
 
 - The name was changed to Philips India Private Ltd. on September
 12th.
 
 1957 
 
 - It was converted into a Public company on 31st October.  The
 Company
 manufactures and sells radio receivers, components, amplifiers,
 electrical lamps, lighting fittings and accessories, medical
 apparatus,
 etc.  The Company's products includes incandescent, mercury and
 sodium
 lamps, light fittings and accessories radios and public address
 equipment; hospital and dental equipment etc.
 
 1967 
 
 - As on 31st October, the name was changed from Philips India
 Private
 Ltd. 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 and 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 & Electricals,
 Ltd.
 with effect from 20th April, but the products of the company
 continued
 to be sold under the PHILIPS trade mark and emblem.
 
 - 10,00,000 shares offered to the public (prem. Rs 4 per share).
 
 1980 
 
 - The Company issued 11% 1988-92 debentures for Rs 8 crores by
 private
 placement.
 
 - 7,04,000 shares issued (prem. Rs 4 per share) to financial
 institutions.
 
 1982
 
 - On 7th May, the Company purchased all the 5,50,000 fully paid-up
 equity shares of Rs 10 each of Electric Lamp Manufacturers (India)
 Pvt.
 Ltd. (ELMI) 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 company 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 & Consultants Pvt. Ltd. to undertake development and export
 of
 software.  The name of this subsidiary was changed to origin
 Technology
 in Business (India), Ltd. in February, 1991.
 
 - The Company 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 and 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 and electrolytic capacitors as
 well
 as potentiometers.
 
 - The Company secured the contract for the Calcutta Metro Railway
 project where it was entrusted with the design, supply and
 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 the manufacture
 of
 computer peripherals was converted into an industrial licence.
 
 1986
 
 - The company received a letter of intent for the manufacture of
 colour
 television sets at its Salt Lake factory at Calcutta.
 
 - The Company received approvals for expanding the capacity of
 measuring instruments at its Pune factory.
 
 - The Company issued 40,00,000-15% secured redeemable
 non-convertible
 debentures of Rs 100 each on rights basis as follows:
 
 - (i) to the Company's equity shareholders in the ratio of 8
 debentures
 for every 50 No. of equity shares held and
 
 - (ii) to the holders of the 12,00,000-15% non-convertible
 debentures
 of the Company in the proportion of 8 new debentures for every 5
 existing debentures held.
 
 - 117,20,400 shares issued (prem. Rs 10 per share); 108,00,000
 shares
 as rights in prop. 1:2; 5,55,000 shares to employees and whole-time
 directors of the Company and 3,65,400 shares to N.V.  Phillips of
 Netherlands to maintain their holding in the Company 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 & pagers.  The Company
 was
 to be named as Philips Telecommunication Industries Ltd.
 
 - The Company supplied and installed automatic teller machines (ATM)
 in
 banks such as Hongkong and Shanghai banks and also at their various
 offices in Mumbai, Calcutta etc.
 
 - During the year, a number of new software driven microprocessor
 based
 instruments and systems were introduced.
 
 - The Company received a letter of intent in respect of injection
 moulded engineering and industrial plastic products with an annual
 capacity of 2,600 tonnes.
 
 - The Company 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 Company PAKG Accoustics India, Ltd.,. 
 Also
 a Letter of Intent was obtained for the 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 and better process control
 systems in welding, die casting and testing were used.
 
 - In the Consumer Electronics Field, the Company introduced audio
 products specially targetted at the youth market under the `Moving
 Sound' banner.
 
 - 12mm Potpack potentio meters with advantage of miniaturisation,
 easier mounting and compactness were introduced.  Film capacitors
 with
 new types of resistors and 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 the `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 and SON-Comfort with better colour rendering
 properties.  An indigenous colour TV chasis was developed and
 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 and monochrome
 television with the PHILIPS brand name.  The Company 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 and conference system in Vigyan
 Bhawan,
 Delhi.  The Company launched successfully a computer controlled
 addressable analogue time detection and alarm system during the
 year.
 
 1993 
 
 - The lighting division of the Company introduced for the first time
 compact fluorescent lamps and dichroic single ended halogen lamps.
 
 - The Company's 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 and
 alarm
 systems for TISCO and Siemens.  The division launched the period
 low-end public address amplifiers and accessories.
 
 - In the field of audio communication, the Company executed major
 orders such as programmable plant management system for Rourkela
 Steel
 plant modernisation and announcement and intercom system for
 Marshalling Yard modernisation Eastern Railway.
 
 - A test and measuring equipment, Scope Meter' was introduced in the
 market during the period.
 
 - 76,84,090 No. of equity shares issued (prem. Rs 30) to N.V. 
 Phillips
 of Netherlands to raise their holding in the company to 51%.
 
 1994 
 
 - For the first time, the Company entered the area of hazardous
 lighting that has application in chemical/petrochemical and oil
 refining complexes.
 
 - A number of interesting lighting projects were realised like
 decoration flood lighting of the first cable suspension bridge
 `Vidyasagar Setu' across the river Hooghly in Calcutta &
 International
 airport Calcutta.
 
 - The Electronic division introduced a new range of Power vision
 series
 in 14, 20, 21 & 25 sizes and also launched 29 screen size to
 Matchline series.  In addition a colour TV wide screen 32 with
 prologic controls and Dobby Sound was launched.
 
 - In the personal care department, personal care products such as
 satinelle and 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 & video PLBs.
 
 - The industrial electronics division introduced flame-proof audio
 communication modules in the form of systems solutions, substituting
 imported equipment.
 
 - The company 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. 1:10);
 5,320 shares kept in abeyance.  Another 2,05,252 equity shares
 issued
 to employees (all were taken up).  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 & Mumbai stadia for the 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 & 4-head versions having special centre
 drive
 mechanisions, were introduced.
 
 - The plashes and 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 and 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 and a new range
 of
 high frequency electronic gear were introduced by the Lighting
 division.
 
 - The consumer electronics division introduced over 20 new
 innovative
 products in radios, radio recorders, personal stereos and CD-based
 music systems.
 
 - The most recent cellphone to be launched was the Genie, the
 smallest and lightest cellphones in the world.
 
 - Domestic Appliances division launched several new products such as
 juicer-mixer-grinder, blender bar and food processor.  Four new
 models
 of dry irons and 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 the volume segment.
 
 - The Company introduced advanced and wide philips range of closed
 circuit/television and a new pro screen 4x00 series of liquid
 crystal
 display projectors during the year.
 
 - A letter of intent was received for the manufacture of additional
 1mm
 audio products (radios, recorders, combinations) 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 and 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 numeric) and the Myna (numeric).  PRG 2220 is a
 compact alpha numeric massaging pager, Myna a compact numeric pager,
 is
 one of the smallest and 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 and lighting.
 
 - The company currently has two unions-the Citu-affiliated Peico
 Workers Union (PeWU) and the non-affiliated Philips Workers' Union
 (PWU).
 
 - For the first time in India, the company has just launched two
 premium hi-fi music systems-Marantz Gold and 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 and Philips
 Spray Iron in the city.
 
 - The Company entered the Automobile Market segment and commenced
 supply of plastic components to the latest passenger car Indica.
 
 - The country's largest colour television manufacturer, Videocon, is
 believed to have entered into a memorandum of understanding (MoU)
 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 870) the only recorder which
 allows
 to create your own compact discs (CDs) on either CD-Recordable (CDR)
 or
 CD-Rewritable (CD-RW) digital audio discs.
 
 - Philips India Ltd., which is undergoing a restructuring exercise,
 is
 likely to offer voluntary retirement scheme (VRS) to the employees
 of
 its electronic weighing and car systems divisions.
  
 - Philips India Ltd has launched three digital products in the
 Indian
 market.  They include a hand held personal computer, disc players and
 a
 camera, all digital.
 
 - Philips Software Centre Pvt Ltd (PSC), a wholly-owned subsidiary
 of
 the  billion Philips Electronics NV of the Netherlands, has set up
 a
 second software centre in Bangalore.
 
 - The Credit Rating Information Services of India Limited (CRISIL)
 has
 given `P1+' rating to the enhanced Rs.750-million commercial paper
 programme of Philips India Limited.
 
 - Philips Monday launched India's first absolutely flat colour
 television with a depth of 4.5 inches, screen size of 42 inches, and
 a
 price tag of Rs 800,000.
 
 - The company 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 the company's 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 the 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 (VSNL) for the launch of
 Internet
 TV.
 
 - Philips India Limited has made an entry into the computer colour
 monitor business in India and 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 the sale of its non-ceramic passive components business at
 Loni, Pune as a `going concern'.
 
 - The company has entered into an agreement for sale on April 22,
 with
 BC components India Pvt. Ltd. a proposed subsidiary of BC components
 Internation B.V. Netherlands, for the purpose of the sale of the
 company's components undertaking of the company located at
 Loni-Kalbhore - 412 201.
 
 2000 
 
 - The Company is launching a slew of CTV models across the nation.
 
 
 - The Company has introduced the 570M DVD in the domestic market.
 
 - The Peripherals Division has launched a slew of products - 13 new
 PC
 colour monitors and a multi-lingual speech recognition software.
 
 - The Company has set up a separate organisational structure for its
 consumer electronics division.
 
 - Philips Inida Ltd's consumer electronics division has received the
 Bureau Veritas Quality International (BVQi) ISO 9002 certification
 for
 its manufacturing, sales and marketing.
 
 - The Company 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 the Securities and 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 and video
 applications.
 
 - The Company 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's first voice portal service.
 
 - The Company has introduced another voluntary retirement scheme at
 its
 integrated lighting factory in Kalwa, Mumbai.
 
 - Mr. Geert Van Heumen has been appointed as Director and Chief
 Financial Officer of the company from September 1.
 
 - Cymbionic Marketing Ltd. a prominent name in Multi-level marketing
 has tied up with the company 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 and intelligence embedded software.
 
 - Philips Plastic and Metalware Factories a division of Philips
 India,
 has been re-named Philips Enabling Technologies Group, to reflect
 its
 changed business focus.
 
 - The Company has launched DVD 711.  The Company as unveiled the
 FW-V39
 VCD mini hi-fi system with unique MP-3CD playback capability.
 
 - The Company will buy picture tubes from a 50:50 joint venture with
 Korean giant, LG Electronics formed worldwide.
 
 2001 
 
 - The Company 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 Company 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 Company has launched its latest proprietary Light-Frame
 technology monitors, which delivers bright and sharp video and photo
 display in user-selected window or screen, in India.
 
 2002
 
 -Philips India cuts its staff strength by 600 employees.
 
 -Koniklijee Philips Electronics, parent company 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 and 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