PHILIPS

Philips

 Koninklijke Philips N.V., is a Dutch technology company headquartered in Amsterdam with primary divisions focused in the areas of electronics, healthcare and lighting. It was founded in Eindhoven in 1891, by Gerard Philips and his father Frederik.

Customer service: 1800 102 2929

Stock price: PHIA (AMS) € 32.80 +0.05 (+0.15%)

27 Jul, 5:35 PM GMT+2 - Disclaimer

Headquarters: Amsterdam, Netherlands

CEO: Frans van Houten (1 Apr 2011–)

Founded: 15 May 1891, Eindhoven, Netherlands

Subsidiaries: Saeco, Magnavox, Dynalite, Videoland by RTL,

Founders: Gerard Philips, Frederik Philips

 India
Philips began operations in India in 1930, with the establishment of Philips Electrical Co. (India) Pvt Ltd in Kolkata as a sales outlet for imported Philips lamps. In 1938, Philips established its first Indian lamp-manufacturing factory in Kolkata. In 1948, Philips started manufacturing radios in Kolkata. In 1959, a second radio factory was established near Pune. This was closed and sold around 2006. In 1957, the company converted into a public limited company, renamed "Philips India Ltd". In 1970 a new consumer electronics factory began operations in Pimpri near Pune. This is now called the 'Philips Healthcare Innovation Centre'. Also, a manufacturing facility 'Philips Centre for Manufacturing Excellence' was set up in Chakan, Pune in 2012. In 1996, the Philips Software Centre was established in Bangalore, later renamed the Philips Innovation Campus. In 2008, Philips India entered the water purifier market. In 2014, Philip's was ranked 12th among India's most trusted brands according to the Brand Trust Report, a study conducted by Trust Research Advisory

 Koninklijke Philips N.V. (Koninklijke Philips N.V. of the Netherland,Philips), (stylized as PHILIPS) is a Dutch technology company headquartered in Amsterdam with primary divisions focused in the areas of electronics, healthcare and lighting. It was founded in Eindhoven in 1891, by Gerard Philips and his father Frederik. It is one of the largest electronics companies in the world and employs around 105,000 people across more than 60 countries.

Philips is organized into three main divisions: Philips Consumer Lifestyle (formerly Philips Consumer Electronics and Philips Domestic Appliances and Personal Care), Philips Healthcare (formerly Philips Medical Systems) and Philips Lighting. As of 2012, Philips was the largest manufacturer of lighting in the world measured by applicable revenues.In 2013, the company announced the sale of the bulk of its remaining consumer electronics to Japan's Funai Electric Co, but in October 2013, the deal to Funai Electric Co was broken off and the consumer electronics operations remain under Philips. Philips said it would seek damages for breach of contract in the US$200-million sale. In April 2016, the International Court of Arbitration ruled in favour of Philips, awarding compensation of €135 million in the process.

Philips has a primary listing on the Euronext Amsterdam stock exchange and is a component of the Euro Stoxx 50 stock market index.[6] It has a secondary listing on the.

 History
Gerard Philips

The Philips Company was founded in 1891, by Gerard Philips and his father Frederik. Frederik, a Jewish banker based in Zaltbommel, financed the purchase and setup of a modest, empty factory building in Eindhoven, where the company started the production of carbon-filament lamps and other electro-technical products in 1892. This first factory has been adapted and is used as a museum.

In 1895, after a difficult first few years and near bankruptcy, the Philipses brought in Anton, Gerard's younger brother by sixteen years. Though he had earned a degree in engineering, Anton started work as a sales representative; soon, however, he began to contribute many important business ideas. With Anton's arrival, the family business began to expand rapidly, resulting in the founding of Philips Metaalgloeilampfabriek N.V. (Philips Metal Filament Lamp Factory Ltd.) in Eindhoven in 1908, followed in 1912, by the foundation of Philips Gloeilampenfabrieken N.V. (Philips Lightbulb Factories Ltd.). After Gerard and Anton Philips changed their family business by founding the Philips corporation, they laid the foundations for the later electronics multinational.

In the 1920s, the company started to manufacture other products, such as vacuum tubes. In 1939, they introduced their electric razor, the Philishave (marketed in the US using the Norelco brand name). The "Chapel" is a radio with built-in loudspeaker, which was designed during the early 1930s.