Philips India Delisted Share Price

Philips India Share Price and Delisted/Unlisted Shares - Company Overview

Philips India Limited is a subsidiary of Royal Philips of the Netherlands, a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment, and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions.

The Company sells its products primarily in India through independent distributors and modern trade. The company is a leader in diagnostic imaging, image-guided therapy, patient monitoring, and health informatics, as well as in consumer health and home care. Philips shares are available in unlisted shares in India. Philips share price keeps changing regularly, it is not fixed.

Philips India Price Delisted Share Details As of March 31,2022

Incorporation Details of Philips 

Board of Directors of Philips

S. M. Datta, Chairman and Non-Executive Independent Director

Daniel Mazon, Vice-Chairman and Managing Director

Pooja Bedi, Whole-Time Director and Company Secretary

Sudeep Agrawal, Whole-Time Director and Chief Financial Officer

Geetu Gidwani Verma, Non-Executive Independent Director

Philips India Particulars of Subsidiary And Associate Companies

Industry Outlook of Philips

HEALTH SYSTEM

During the year 2021-22, Health Systems business of your Company delivered another year of strong performance with

overall revenue growth of above 60% driven by favorable market growth and customer requirements during the pandemic.

The addressable market has grown in high double digit in the range of 40% triggered by change in healthcare needs caused

by the pandemic situation.

Your Company continues to do strong business with most of its strategic key accounts focusing on multi-modality deals and

in government tenders.

There were a few products launched such as,

1. MR 5300 - Helium free 1.5 T MRI.

2. Spectral CT 7500 – Premium CT scan with dual detectors – making it the most advanced Philips CT scanner in CT

portfolio.

These products help position Philips as a leading innovation focused healthcare company in the market. Your company

during the year has also added to its portfolio the entire Respironics Range under Sleep and Respiratory Care (S&RC) with

Global Manufacturing Footprints and dependency on multiple vendors across geography, pandemic has caused supply chain

disruption which is expected to affect and may impact supply chain and Company performance in the medium term.

Your Company’s global innovation strengths at Bangalore (PIC) along with global design and manufacturing at Pune (HIC)

are delivering world-class “Made in India” medical equipment. The Affiniti series of ultrasounds (Afiiniti 30, Affiniti 50, Affiniti

70) are made in India and contributes to nearly half of Philips ultrasound business in India. Your Company has implemented

a strong strategy for gaining its market share over the next 3 year.

FAQs on Philips

Q1. Why did Philips get delisted?

A1. Philips India was delisted from the Bombay Stock Exchange on February 16, 2004 due to a takeover by Philips Electronics NV.

Q2.What is the target price for Philips share?

A2 .Philips share price is unstable and not fixed. To know more contact us.

Q3.Why is Philips stock dropping?

A3. Because of Product recalls, supply chain difficulties, and delays in elective medical procedures, Philips stock is dropping.

Q4. Does Philips pay a dividend?

A4.Yes, Philips pays dividend payments. To know about it Contact us.