Over the next few decades, Philips India Ltd ruled the consumer electronics market in India. Raja Venkataraman, 58 Venkataraman joined Philips India in December 2015 as vice-chairman and managing director to spearhead the firm’s healthcare and consumer lifestyle business. (Philips global revenue was at €24.24 billion in 2015, up from €21.39 billion in 2014. How important is India to Philips’ global arena? Royal Philips’s Raja Venkataraman in an interview talks about the company’s India plans, trying to boost profitability and improve its standing in the global healthcare sectorNew Delhi: Netherlands-based Royal Philips was one of the first multinational corporations to set foot in India back in 1930.

Source: Mint June 13, 2016 20:03 UTC