Overview

Signify Innovations was incorporated in 2015 and is a Dutch multinational company. It was formerly known as Philips Lighting and is into the manufacturing of electric lights and light fixtures for consumers and professionals. Signify Innovations India Limited (or Signify Innovations India Ltd) is number one in conventional lighting, LED, and connecting lights. Their energy-efficient lighting products and services offer customers comfort, superior quality lighting, and make people's lives easier.

Signify has been a driving force for many innovations and continues to lead the ongoing development of connected lighting systems and services. Its position as the leader in connected lighting makes them the number one company for the Internet of Things. 
Signify became the first global lighting company to LiFi-enable office lighting fixtures as of 2018. Their advanced technology solves the problem of WiFi connectivity issues as they provide a stable broadband connection through light waves.

The company is Number one in conventional lighting, LED, and connected lighting. It has 86+ million Connected light points, Signify share price is something investors are keeping a close eye on as they assess the company’s potential growth and market leadership in the lighting sector. 

The company’s solid history, such as 6.5 billion Euros in sales in 2020, also increases the confidence of observers of the Signify share price India. The Signify share price will be affected by the company’s ongoing emphasis on innovation and its leadership in the lighting sector.

Products Offered

• Broadband data through light

• Intelligent Lighting solution

• Horticulture Special Lights

Signify Brands:

• Philips

• Interact

• Color Kinetics

• Philips Dynalite

• Philips Hue

• Ecolink

• Varilite

• WiZ

Board of Directors

• Mr. Vinayak K. Deshpande, Chairman and Independent & Non-Executive Director

• Mr. Sumit Joshi Vice-Chairman, Managing Director and CEO

• Mr. Dibyendu Raychaudhury Whole-time Director & Chief Financial Officer

• Mr. Vikas Malhotra Whole-time Director

• Ms. Sangeeta Tanwani Independent and Non-executive Director

• Mr. Dilip Jose Independent & Non-Executive Director

Registered office

The company’s registered office is in Kolkata, West Bengal, India.

Subsidiaries

The Company does not have any Subsidiary/ Joint Venture/Associate Company

Dividend Details

During the year, the Company paid a dividend of Rs. 10 per share.

Listing Status

DRHP Not Filed

IPO Details

The Company has not provided any information regarding the IPO plans of the company.