GLAXO INDIA-Major Investments

EPW Research Foundation PHILIPS INDIA Business Restructuring THE electronics and electricals giant, Philips India, fell prey to the most common cause of poor performance of the corporate sector in the economy during the year, high interest costs. While consumer electronics is the company's mainstay, it is also into other segments such as lighting, domestic appliances, personal care products, electronic components, plastics and metalware, industrial electronics and business electronics. The company derives a major part of its revenue from television receivers (27.4 per cent), radio sets/tape recorders/compact discs players/systems/ combination sets (18.5 per cent), lamps (17.6 per cent), and fittings (up to 8.3 per cent).