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Philips India rechristened as Philips Electronics India Ltd

BANGALORE: Philips today announced the completion of the merger of Philips Medical Systems India Private Limited and Philips Software Center Private Limited with Philips India Limited to form Philips Electronics India Limited.

 

 

The merger and change of name takes effect post consents and approvals from the shareholders and the High Courts at Kolkata, Mumbai and Bangalore as per an official release from the company.

 

 

The change of name to Philips Electronics India Limited enables the Company to present a unified face of the brand to all stakeholders. Business operations will not change as a consequence of the merger and name change; the aim is to simplify and rationalize Philips' operations in India - through a single legal entity.

 

 

The merger reaffirms the growing importance Royal Philips Electronics, the parent company, attaches to India and its commitment to making things easier and simpler for all stakeholders the release states further.

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