| COMPANY NAME | VERSUNI INDIA HOME SOLUTIONS LIMITED |
|---|---|
| NATURE OF BUSINESS | MANUFACTURING AND DISTRIBUTION OF HOME APPLIANCES |
| ISIN NO | INE0FO801019 |
| FACE VALUE | Rs.10/- |
| PROMOTERS | HILLHOUSE INVESTMENT |
| COMPANY WEBSITE | www.versuni.com |
| YEAR OF ESTABLISHMENT | 2020 |
| REGISTERED ADDRESS | VERSUNI INDIA HOME SOLUTIONS LTD,3RD FLOOR, TOWER A,DLF IT PARK, 08 BLOCK AF,MAJOR ARTERIAL ROAD NEW TOWN (RAJARHAT) KOLKATA WEST BENGAL-700156 |
Versuni India Home Solutions Limited is the Indian entity of the Netherlands-based Versuni Group B.V., which was formed after the acquisition of the Domestic Appliances business of Royal Philips by the global investment firm Hillhouse Investment in 2021. Dual Brand Strategy: Versuni follows a "house-of-brands" strategy, prominently featuring Philips & Preethi.
The company carries the legacy of the former Philips Domestic Appliances business in India and was officially rebranded as Versuni in 2023. It continues to operate the Philips brand in the consumer appliance category under a licensing agreement.
The company is aggressively focusing on localization, aiming to increase the percentage of products manufactured in India from the current 70% to around 90% in the coming years, backed by major investments in its new facility in Ahmedabad.
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