The company is expanding its manufacturing facility at Chakan near Pune as part of its Make-in-India initiative.
In his new role, Agrawal will head the finance team in the Indian subcontinent and will also be responsible to lead talent development for finance functions within Philips India, the company said in a statement.
Mazon, who has close to two decades of experience in healthcare industry, will be responsible for driving the overall growth for Philips businesses in India, while focusing on customers and operational excellence.
He will take over from A Krishna Kumar, who moved to a new role effective from September 1 as Head of the Emerging Businesses Group for Philips globally and is based in Netherlands.
NTPC chairman Arup Roychoudhury said that it was planning to add one more unit of 660 mw capacity to the existing project given the enthusiam seen from farmers to sell their land.
As Rajeev Chopra moves to Belgium to take over as head of Philips Global Luminaire, he tells Prince Mathews Thomas that he will take lessons in creativity and adaptability from India.
Diwali's over, but that has not stopped Philips India from promoting and marketing its range of LED lights. Philips has roped in actors Ranbir Kapoor and Shruti Hassan as brand ambassadors for its biggest campaign ever
CNBC-TV18's Priyanka Ghosh reports that electronics giant Philips has sold two land parcels in Mumbai and Pune for Rs 180 crore to tide over poor earnings and tight liquidity.
Philips India will merge its subsidiary Preethi with it sometime in future, a company official said. He, however, said the company will continue with the regional brand in the south Indian markets.
Philips has expanded its Lifestyle Entertainment portfolio with the launch of a range of entertainment solutions Home Theatre Systems...
Philips India today said it is looking at posting a double digit growth in its consumer lifestyle segment this fiscal year by adopting new business strategies.
Getting a whiff of coffee culture catching up in metros, Philips India is looking to cash in on the trend with the introduction of its Italian coffee making machines for home use.
As an increasing number of young men in Indian metros opt for hairless bodies inspired by Bollywood hunks like John Abraham and Salman Khan, Philips India is looking to cash in on the opportunity through its products in the male grooming category.
Consumer electronics marketer Philips India said it will enhance its presence in the mother and child care segment and aims to be market leader.
Indians feel the healthiest in the world, and yet do the least amount of exercise. It's insight like this, thrown up by a survey by Philips India, that is tempering the company's plans in India, reports CNBC-TV18’s Sunanda Jayaseelan.