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 |
GST Number of Philips Domestic: | 19AALCP2532N1ZX |
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.
FAQ's on Versuni India
Q. What
is the face value of Versuni India Home Solutions Ltd shares?
Answer: The face value of Versuni India Home Solutions Ltd shares is ₹10
per equity share.
Q. What
is the ISIN of Versuni India Home Solutions Ltd shares?
Answer: The ISIN of Versuni India Home Solutions Ltd is INE0FO801019.
Q. What
is the minimum lot size for buying Versuni India shares through WWIPL?
Answer: The minimum lot size is 100 shares, subject to market
availability.
Q. How
can I buy Versuni India shares through WWIPL?
Answer: Investors can place an order through WWIPL and receive shares
directly in their Demat account after completing the transaction process.
Q. Why
should I buy Versuni India shares through WWIPL?
Answer: WWIPL offers transparent pricing, verified transfers, secure
settlements, and dedicated support throughout the investment journey.
Q. What
does Versuni India Home Solutions Ltd do?
Answer: Versuni India manufactures and sells home appliances such as air
fryers, mixer grinders, coffee machines, steam irons, air purifiers, vacuum
cleaners, food processors, and kitchen appliances.
Q. Is
Versuni India related to Philips?
Answer: Yes. The company was previously known as Philips Domestic
Appliances India Ltd and was later renamed Versuni India Home Solutions
Ltd.
Q. Does
Versuni India still sell Philips-branded products?
Answer: Yes. Versuni continues to manufacture and market various home
appliances under the Philips brand under global licensing arrangements.
Q. What
makes Versuni India different from other consumer durable companies?
Answer: The company focuses exclusively on home solutions and leverages
a strong global brand legacy, innovation, and a large distribution network.
Q. Is
investing in Versuni India a good idea?
Answer: Investors often evaluate Versuni based on India's growing
premiumization trend, rising home appliance penetration, and increasing
consumer spending.
Q. What
are the key growth drivers for Versuni India?
Answer: Urbanization, premium appliances, healthy cooking trends,
e-commerce growth, and rising disposable incomes can support future growth.
Q. What
factors influence the valuation of Versuni India shares?
Answer: Revenue growth, brand strength, distribution reach, operating
margins, product innovation, and profitability are key valuation drivers.
Q. Why do
investors track Versuni India shares closely?
Answer: Many investors view the company as a play on India's growing consumer
durables and premium home appliance market.
Q. What
are the risks of investing in Versuni India shares?
Answer: Investors should consider competition, raw material inflation,
changing consumer preferences, and liquidity constraints associated with unlisted
shares.
Q. What
should investors evaluate before investing in Versuni India Home Solutions Ltd?
Answer: Investors should assess profitability, brand positioning,
distribution network, product innovation, and long-term consumer demand trends.
