Signify Innovations Unlisted Share Price

Signify Unlisted Share - Company Overview

Signify Innovations India Limited (formerly known as Philips Lighting India Limited) is a global leader in the field of lighting for consumers, professionals, and for the Internet of Things. Philips has been revolutionizing lighting for over 125 years.

Signify will continue to use the Philips brand for its products, the most trusted lighting brand in the world, under the existing licensing agreement with Royal Philips. The energy-efficient lighting products, systems, and services provide the company customers with excellent lighting quality, making people's lives safer and more comfortable, companies are more productive and cities more liveable.

A popular program that runs on traditional connection protocols such as Wi-Fi and Bluetooth with the increase in urbanization and the focus on residential lighting solutions, the company has added 70 new hubs to its retail network.

The Company consists of more than 100 different products in the product portfolio of non-connected categories: outdoor lighting, chandeliers, bathrooms, etc. At present, this category provides a variety of decorative lights for a person to choose from in the mid-to-high-end market. Signify innovation India Limited shares are unlisted. Signify share price is unstable and fluctuates regularly. Signify share price in India changes daily.

The company is also firmly committed to the government's "Made in India" program, which creates livelihoods and economic value here and continues to innovate to meet market needs. Vadodara's manufacturing department currently exports conventional lamps and LED lamps to 29 countries around the world and is also one of the most competitive conventional lamp factories in the world for Signify Group.

The company designed and developed most new products for India and in India at its R&D laboratory in Noida from 2019 to 2020, including Philips T-Beamer, Philips T-Bulb Curvey, etc.

Here are some of the Global brands of the company:

Philips- The global brand in professional and consumer lighting.

The Philips brand stands for light quality and energy efficiency. Philips products have been at the forefront of innovation for more than 125 years. Philips is now recognized as a leading lighting brand. The Philips product portfolio includes many innovative sub-brands, such as Philips Hue for smart homes.

Philips Hue- The global brand for personal smart home lighting.

Philips Hue is the simplest, most inspiring, and versatile smart home lighting system. The lights it creates make life easier, safer, and more comfortable. Lights that enhance the atmosphere and experience, provide more comfortable, personalized, and enlightening lighting for your home.

Interact- The Internet of Things platform and connected lighting systems.

Interact is the most secure and scalable IoT platform that collects and exchanges data between interconnected lights, sensors and devices embedded in the interconnected Interact lighting system. With Interact, you can take advantage of the latest technology, big data processing, analytics, and machine learning.

Color Kinetics- The global brand in dynamic architectural lighting systems.

The Company unleashes creativity to explore the unique power of light. Its innovative lighting solutions can create unforgettable experiences, create beauty, attract crowds, create brands, and deliver results. Through innovation, companies have released the extraordinary potential of light to inspire a brighter life and create a better world.

Here is a screenshot of FY 2019-20

70% LED-based sales of total sales

100 Interact Landmark installations in 51 cities

750,000 remotely managed light points via professional services

64+ million Connected light points

100% carbon neutral Global operations

Signify Share Price, Share Details as of March 31, 2024

Incorporation Details of Signify Innovations

Board of Directors of Signify Innovations 

Mr. Mahesh Srinivasan Iyer, Chairman & Non-Executive Director

Mr. Sumit Padmakar Joshi, Vice- Chairman, Managing Director & CEO

Mr. Vikas Malhotra, Whole-Time Director

Ms. Sangeeta Pendurkar, Independent & Non-Executive Directors

Mr. Vinayak K. Deshpande, Independent & Non-Executive Directors

Mr. Nitin Mittal, Head of Legal & Company Secretary

Principal Business Activities of Signify Innovations 

Signify Particulars of Subsidiary and Associate Companies

Signify Innovations Shareholding Pattern (As on 31-03-2024)

Signify Industry Overview

Despite the fierce competition from companies such as Havells India Limited and Bajaj Electricals Limited. Maintaining a clear market-leading position in the fields of home and commercial lighting and professional lighting services. Among organizational participants in all fields, Signify Innovations India Limited has the highest market share. 

Due to the continued decline in the traditional lighting segment and the reduction in government orders affecting the professional segment, the lighting industry in India has slowed down in 2019. The future of the entire market is not expected to grow significantly. The company has maintained its market share and is likely to maintain its leading position in the lighting industry.

The company is keen to expand its business in the Smart Hub. Signify Innovations, which had 140 Smart Hubs last year, plans to increase its number to 300 this year. About 260 smart Hubs have been established in 80 cities. Smart Hubs basically provide people with various propositions to light up their houses, restaurants, and places. The company is also working hard to create more product innovations and bring more brands to the market in the future.

FAQs on Signify

Q1. Is Signify a listed company?

A1. No, It is an unlisted share company. Signify share prices are unreliable and change on a daily basis

Q2. Is Signify listed in India?

A2. No, It is not listed

Q3. Are Signify and Philips the same company?

A3. No Philips India and Signify Innovations are different Companies.