name of the company from existing Philips Domestic Appliances India Limited to Versuni India Home Solutions Limited. is a subsidiary of the Dutch multinational company, Royal Philips, which specializes in producing consumer electronics and home appliances. The company offers a wide range of products such as air purifiers, coffee makers, food processors, juicers, mixer grinders, rice cookers, steam irons, and vacuum cleaners. The name of the company is changed from the existing Philips Domestic Appliances India Limited to Versuni India Home Solutions Limited.
Philips Domestic Appliances India Limited aims to provide high-quality, innovative and sustainable products that enhance the lives of their consumers. The company has a strong presence in India, with a wide distribution network of over 700 distributors and 25,000 retail outlets.
The company also has a strong commitment to social responsibility, with initiatives such as providing safe drinking water to rural communities and supporting healthcare programs in India. Philips Domestic Appliances India Limited has won several awards for its products and innovation, including the prestigious Red Dot Design Award.
Overall, Philips Domestic Appliances India Limited is a reputable company that provides high-quality and innovative home appliances to Indian consumers while also being committed to social responsibility.
| Philips Domestic Outstanding Shares: | 5,75,17,242 |
| Face Value of Philips Domestic Unlisted Share: | Rs. 10 Per Equity Share |
| ISIN of Philips Domestic Unlisted Share: | INE0FO801019 |
| Lot Size of Philips Domestic Unlisted Share: | 100 Shares |
| Philips Domestic Share Price: | Best in Industry |
| PAN Number of Philips Domestic: | AALCP2532N |
CIN of Philips Domestic Appliances |
U29308WB2020PLC238116 |
Incorporation Date of Philips Domestic Appliances |
17 July 2020 |
Category/Sub-category of Philips Domestic Appliances |
Limited by Shares/ Non-govt company |
Philips Domestic Appliances Registered office and contact details |
3rd Floor, Tower A, DLF IT Park,08 Bloc AF Major Arterial Road, New Town (Rajarhat) Kolkata WB 700156 IN |
Philips Domestic Appliances Registrar and Transfer Agent |
Kfin Technologies Limited Karvy Selenium Tower-B, Plot No. 31-32, Gachibowli Financial District, Hyderabad- 500 032 |
|
Name and Description of main products/services |
NIC Code of the product/services |
% to the total turnover of the Company |
|
Other Information Technology & Computer Services Activities |
6311 |
100% |
Mr. Susim Mukul Datta, Chairman & Independent Director
Mr. Gulbahar Taurani, Vice-Chairman & Managing Director
Mr. Anil Chandak, Whole Time Director and Chief Financial Officer
Ms. Anisha Motwani, Independent Director
Mr. Rajiv Mathur, Whole Time Director & Company Secretary
Mr. Sudeep Agrawal, Director
The Company does not have any Subsidiary, Joint Venture or Associate Company.
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1. |
Promoter Group |
5,52,90,242 |
96.13% |
|
2. |
Public Shareholding |
22,27,000 |
3.87% |
|
|
Total |
5,75,17,242 |
100.00% |
The domestic appliances industry in India is expected to grow at a steady pace in the coming years, driven by several factors such as rising disposable income, changing lifestyle patterns, urbanization, and increasing awareness about energy-efficient and eco-friendly appliances. According to market research, the Indian domestic appliances market is expected to reach $74.6 billion by 2025, growing at a CAGR of 13.5% from 2020 to 2025.
The increasing penetration of online retail platforms and the growing popularity of e-commerce channels are expected to drive the growth of the domestic appliances market in India. The trend of online shopping has gained significant momentum in recent years, as consumers are increasingly looking for convenient and hassle-free shopping experiences.
Another major trend in the domestic appliances industry in India is the rising demand for energy-efficient and eco-friendly appliances. With the increasing focus on sustainable development and the need to reduce carbon footprint, consumers are opting for appliances that consume less electricity and are environment-friendly. This has led to a shift towards the use of inverter technology in refrigerators, air conditioners, and washing machines, which are more energy-efficient and save on electricity bills in the long run.
In conclusion, the domestic appliances industry in India is poised for significant growth in the coming years, driven by changing consumer preferences, rising disposable income, and the increasing popularity of e-commerce channels. With the increasing focus on sustainable development, the demand for energy-efficient and eco-friendly appliances is expected to rise, leading to a shift towards the use of inverter technology in various appliances.
