Philips to Acquire Preethi

Mar 12, 2011, 15:57 IST

Royal Philips Electronics declared its decision to acquire the assets of Chennai-based Preethi.

Domestic appliance maker Royal Philips Electronics on 24 January 2011 declared its decision to acquire the assets of Chennai-based Preethi, a leading Indian kitchen appliances company. The acquisition will enable Philips to become the clear leader in this specific fast-growing segment within the Indian Domestic Appliances market.


Preethi, founded in 1978 manufactures and sells a wide range of kitchen appliances under the 'Preethi' brand. Following the acquisition Preethi will become part of the domestic appliances business group within Philips' consumer lifestyle sector and will be led of the business group's newly established global headquarters in Shanghai, headed by Murali Sivaraman, former CEO of Philips India.

Jagranjosh
Jagranjosh

Education Desk

Your career begins here! At Jagranjosh.com, our vision is to enable the youth to make informed life decisions, and our mission is to create credible and actionable content that answers questions or solves problems for India’s share of Next Billion Users. As India’s leading education and career guidance platform, we connect the dots for students, guiding them through every step of their journey—from excelling in school exams, board exams, and entrance tests to securing competitive jobs and building essential skills for their profession. With our deep expertise in exams and education, along with accurate information, expert insights, and interactive tools, we bridge the gap between education and opportunity, empowering students to confidently achieve their goals.

... Read More
Get here latest daily, weekly and monthly Current Affairs and GK in English and Hindi for UPSC, SSC, Banking, Railway, Defence and exams. Download Jagran Josh Current Affairs App.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

AndroidIOS

Trending

Latest Education News