Versuni India Unlisted Share Price

Philips Domestic Appliances India Limited Unlisted Shares – Company Overview  

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 Appliances India Limited Unlisted Share Details as of March 31, 2024

Philips Domestic Appliances India Limited Incorporation Details 

Philips Domestic Appliances India Limited Principal Business Activities 

Philips Domestic Appliances India Limited Board of Directors

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

Particulars of Subsidiary and Associate Companies of Philips Domestic Appliances India Limited 

The Company does not have any Subsidiary, Joint Venture or Associate Company.

Philips Domestic Appliances India Limited Shareholding Pattern (As of 31-03-2024)

Industry Outlook of Domestic Appliances

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.