Philips India Limited is a subsidiary of Royal Philips of the Netherlands, which holds 96.13% of the company, and operates as a leading health technology player in India across Healthcare Systems and Personal Health, supported by major innovation centers in Pune and the Philips Innovation Campus in Bengaluru, one of Philips’ key global R&D hubs with over 4,500 professionals working on AI, cloud, analytics, IoT, and imaging software platforms. The Healthcare Systems segment focuses on importing and assembling advanced diagnostic and treatment equipment such as MRI, CT, ultrasound, image-guided therapy, and patient monitoring systems, while the Personal Health segment includes appliances and wellness products, though the Domestic Appliances business (including Preethi Kitchen Appliances) was demerged into Philips Domestic Appliances India Limited effective July 1, 2021, with shareholders receiving one share of the new entity for each share held. Financially, Philips India reported revenu...