Signify is the new company name of Philips Lighting. Signify is the world leader in lighting and provide customers with high-quality, energy-efficient lighting products, systems and services. They turn light sources into points of data to connect more devices, places and people through light, contributing to a safer, more productive and smarter world. The choice of new company name originates from the fact that light becomes an intelligent language, which connects and conveys meaning. For more than 125 years Signify have pioneered breakthroughs in lighting and been the driving force for many innovations. Our track record in innovation is strong and we invest heavily in R&D to stay at the forefront of technological developments. Signify continues to innovate in LED lighting and is leading the industry’s expansion to lighting systems in both the professional and consumer markets. Our position as the industry leader in connected lighting, makes Signify the lighting company for the Internet of Things (IoT). Signify has formed strategic alliances with global technology experts to co-develop new propositions for our connected lighting systems. Using energy efficient LED lighting, sensors, network technology, software applications and data analytics, we’re delivering new value-added benefits and services for our customers. Strategic Partners of Signify are:
Cisco: By partnering with Cisco, Signify is enabling the Internet of Things in offices by integrating Cisco’s highly secure, robust IT network infrastructure and Power over Ethernet technology with our Interact Office connected lighting system.Cisco’s robust network technology enables a connected network of LED luminaires with built-in sensors to collect, send and receive data. This gives facilities and operations managers maximum visibility of space usage and ultimate control over lighting – while minimizing energy consumption and associated costs.
Vodafone: Partnering with Vodafone has allowed us to create an M2M-based municipal connected lighting system that lets city authorities monitor and control street lighting via our cloud-based management system, CityTouch. Philips CityTouch collects accurate location and lighting status data in real time via Vodafone M2M SIM cards embedded in the streetlights. City authorities can use this information to expedite maintenance troubleshooting street light outages remotely, reducing cost and improving operations.
Ericsson: Our partnership with Ericsson brings smart cities closer through a connected street lighting model that offers city officials an innovative way to afford energy efficient LED lighting to meet sustainability goals, and enables network operators to offer improved city-wide mobile broadband and app coverage. Philips SmartPoles are equipped with small cell LTE technology from Ericsson, enabling 4G/LTE connectivity. This lets city authorities control street lighting systems wirelessly to meet changing resident needs and urban conditions. And citizens benefit from improved mobile network coverage for data communications and enhanced safety with brighter, well-lit streets.
Pointgrab: As a strategic investor in PointGrab, we’re helping businesses to optimize their office space by integrating PointGrab’s industry-leading sensor technology for smart buildings into our connected lighting systems. PointGrab’s smart sensing solution gives building managers precise insights about how workers use offices. This allows them to make building operations more efficient, optimizing floor space and energy use to improve sustainability and reduce cost. They can also align office space to worker behaviors and preferences, adjusting office layout, lighting, temperature control and cleaning services to promote productivity and wellbeing.
Signify’s purpose is to unlock the extraordinary potential of light for brighter lives and a better world. We achieve this through living our values, innovation, passion for sustainability and desire to transform people’s lives.
Intelligent Lighting solution: Interact IoT Platform enables connected LED lighting systems and embedded sensor networks to deliver insights, benefits and new services to customers. It makes lighting intelligent. Delivering an IoT ecosystem for our partners, customers and developers powered by the world's largest network – connected LED lighting.
Horticulture Special Lights: Signify’s horticultural lighting experts have created special ‘light recipes’ tailored to the unique requirements of particular plants and vegetables. These enable growers to improve quality, taste and yield while saving operating costs.
Philips: The Philips brand stands for quality and energy-efficiency in light. For over 125 years, Philips products have been at the forefront of innovation. Today Philips is recognized as the leading brand in lighting. Our Philips portfolio includes many innovative sub-brands like Philips Hue for smart homes.
Interact: Interact is our secure, scalable IoT platform that collects and shares data back and forth between connected light points, sensors and devices embedded in Interact connected lighting systems. Interact enables you to benefit from edge technologies, big data processing and analytics, and machine learning.
Philips Dynalite: Philips Dynalite has empowered smart buildings across the globe for over 35-years with its suite of connected lighting control solutions. More than just lighting control, the Dynalite System offers all the powerful integration tools you need to bring your next project to life. Suitable for any project, in any industry, at any scale, this innovative system will help you to transform environments and enhance people’s lives.
Philips Hue: Philips Hue is an easy, inspiring, and comprehensive smart home lighting system. We create light that is designed to make life easier, more secure and more comfortable. Light designed to help you feel better. Light that sweetens the ambiance and intensifies the experience. We make home lighting more enjoyable, personal and inspiring.
Color Kinetics: Color kinetic set creative minds free to explore the unique power of light. Their advanced lighting solutions inspire memorable experiences, create beauty, attract crowds, build brands, and get results. Through their innovations, They are unlocking the extraordinary potential of light to inspire brighter lives and create a better world.
Ecolink: EcoLink was created with a vision to illuminate spaces through technologically advanced and competitively priced luminaires. Now that vision has expanded onto the platform of providing a cool breeze in each corner of homes around the country with ceiling fans fixtures that are built to be durable and reliable.
Varilite: Vari-Lite empowers lighting designers and consultants to achieve their creative visions – and create unforgettable looks that amaze - with an end-to-end portfolio of advanced, energy-efficient LED luminaires, data, architectural control, consoles, and power solutions.
Promoters and ShareHolding Pattern:
Source: Company Filing Form AOC-4
Source: Company Filing Form AOC-4
Source: Company Filing Form AOC-4
Company's Net Profit After Tax has grown significantly over the last 5 years. Although this is the only measure which has witnessed a positive growth rate. This growth can be seen majorly because of reduction of other operating expenses and Exceptional items such as gain on sale company's Mohali Plant which resulted in higher profits. The company has shown a consistent annual profits every financial year despite of having decreasing sales, due to this consistency in profits we can see a greater increase in company's reserve and surplus. The company's asset for last fiscal year stands at INR 1949 Cr. which has grown at a rate of 9.7% CAGR over 4 years. The liquidity ratios of the company have increased signifying a stronger liquidity position as compared to last financial year, this is because the Company has not made any major fund-based borrowings in this year and has managed working capital requirements from internal cash generation. Company's impactful actions such as solid price management, stringent cost measures, rigorous working capital management and curtailment of uncommitted and non-essential capital expenditures have led to the increase in efficiency ratios.
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