Signify is the world leader in lighting. They provide their consumers with quality products, systems and services and their connected lighting offers light and the data which they collect from devices, places and people - redefining what light can do and how people use it. Their research and development team helped them to innovate & contributed to a safer, smarter & sustainable world. Prior to renaming Signify, it used to operate under the name of Philips Lighting but rebranded itself as an internal move & understand how smart lighting products connected with the consumers will bring in significant change in the lighting business forever.
Signify strategic direction has been reinforced around five frontiers, which focuses on being even more customer centric, delivering differentiated offers, driving growth for sustainability, digitalizing and transforming for the future, and being a great place to work. They continued to dominate the LED market in India & successfully launched new products in recent times with their sensor LED light and hexagon shaped downlight.
In FY 22 company has registered a growth of 12% (Previous year de-growth of 14%) on account of resumption of all business activities, it generated an EBIT of INR 3,058 Million (Previous year INR 3,359 Million) and a net cash outflow of INR 3,063 Million (Previous year Net Cash inflow of INR 5,991 Million). The Company has not made any major fund-based borrowings in this year and has managed working capital requirements from internal cash generation. Capital expenditure during the year was INR 263 Million (Previous Year INR 206 Million) and this was incurred towards investment in new plant and machinery and IT equipment’s etc
|Cash Flow from Operations||100.5||576.2||41.8||253.5||187.7|
|Cash Flow from Investing||-8.5||100||-100.7||2.5||-8.5|
|Cash Flow from Finance||-398.3||-77||-203.8||-115.6||-142.4|
Face Value of share is INR 10 per share.
The LED transformation of the company continues, with LED products now constituting 82% of the total sales revenue. They also entered the fans category for the first time under the name of EcoLink brand by expanding the vertical beyond lighting and switching. To tap into this growing opportunity, Philips expanded their Philips Smart Light Hubs network to 225 stores across the country and added switches and 3D printed luminaires portfolio in these stores.
They won prestigious sports lighting projects such as the Arun Jaitley Cricket stadium in Delhi and Baroda Cricket Stadium in Baroda, in addition to other significant projects with JCB, Metro Rail and NHAI, amongst many others. They also continued to make the world a safer place with UVGI systems that are installed in a building’s HVAC system and constantly purify the indoor air.
Signify Holding B.V (Promoters) holds majority of the shares of the company i.e. 96.13% &
other key shareholders are as follows :- Payal Bhanshali, Vallabh Roopchand Bhanshali, Sangeeta Gupta, Punit Kumar, Aruna Gupta, Amish Narendra Shah
Several brands under Signify:- Philips, Interact, Philips Dynalite, Philips Hue (personal wireless lighting), Color Kinetics, Ecolink, Trulifi, Varilite
Mr. Mahesh Iyer – Chairman
Mr. Sumit Joshi – Managing Director and CEO