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Philips India Reviews

Gurugram, Haryana

4.0/ 5

2 reviews

Philips India Limited is a prominent public unlisted company and a key subsidiary of Royal Philips of the Netherlands, a global leader in health technology. Established in India on January 31, 1930, the company has built a legacy spanning nearly a century. It is registered under the Registrar of Companies (ROC) in Kolkata, West Bengal, with its corporate identification number being U31902WB1930PLC006663. The registered office is situated at Ecospace Business Park in New Town, Kolkata, while its central corporate office is located in Gurugram, Haryana. Guided by its core purpose to improve people's health and well-being through meaningful innovation, Philips India operates extensively across multiple high-growth business sectors, adapting its global technology to serve local consumer and clinical demands. The company's core operations are divided across several major business segments, primarily focusing on Healthcare, Personal Health, and historically, Lighting solutions. In the healthcare vertical, Philips India is a major provider of advanced diagnostic imaging equipment, including MRI, CT, X-ray, ultrasound, and cardiovascular imaging systems. It holds a leading position in the cathlabs segment within India, offering comprehensive cardiology solutions. Through its Connected Care and health informatics divisions, the company delivers reliable patient monitoring systems. Furthermore, it has expanded significantly into the home healthcare market under the Philips Respironics brand, offering specialized care for obstructive sleep apnea management and home respiratory support. In the consumer and personal health segment, Philips India offers a wide range of lifestyle products designed for wellness, personal care, and domestic efficiency. Its product portfolio includes electric shavers, hair groomers, toothbrushes, and domestic appliances like air fryers, hand blenders, and toasters. The company also manages popular local brands such as Preethi, which enhances its footprint in Indian households. Innovation and localization are central to Philips India's strategy. The company operates dedicated research and development facilities, including a prominent unit in Noida that specializes in designing products tailored to withstand high voltage fluctuations common in the Indian subcontinent. For decades, the company also led the energy-efficient lighting market, collaborating with national bodies to promote LED technologies and reduce power consumption. Financially, Philips India exhibits robust performance, generating over INR 1,000 crore in revenue for the fiscal year ending March 31, 2025, reflecting a compounded annual growth rate of approximately 9 percent. The company possesses an authorized share capital of INR 112 crore and a paid-up capital of INR 57.5 crore. It employs a diverse workforce of over 4,500 professionals across the country. The company's leadership consists of an experienced board, including Chairman and Independent Director Mr. A.D.A Ratnam, Managing Director Mr. Bharath RamRaman Sesha, and CFO Mr. Dev Kumar Tripathy, who oversee strategic, financial, and operational frameworks to sustain long-term growth.