October 22, 2017 9:51 PM ET

Household Durables

Company Overview of Panasonic India Pvt. Ltd.

Company Overview

Panasonic India Pvt. Ltd. manufactures consumer electronics and home appliances. The company offers consumer products, including televisions, mobile phones, cameras and camcorders, audio/video products, home appliances, beauty care products, and other products; and business products, such as communication products, laser multi-functional printers, projectors, professional display panels, security systems, broadcast products, electronic whiteboard products, and Toughbook products. It serves customers through a network of dealers in India, as well as online. The company was incorporated in 2006 and is based in Gurgaon, India. Panasonic India Pvt. Ltd. operates as a subsidiary of Panasonic Corp...

ABW Tower

First Floor

IFFCO Chowk

Sector 25

Gurgaon,  122001

India

Founded in 2006

Phone:

91 24 459 6600

Fax:

91 24 459 6625

Key Executives for Panasonic India Pvt. Ltd.

President and Director
Age: 46
Regional Head of Panasonic India, South Asia, Middle East & Africa
Head of Energy System Division
Compensation as of Fiscal Year 2017.

Panasonic India Pvt. Ltd. Key Developments

Panasonic India Develops Arbo

Panasonic India Pvt. Ltd. has developed "Arbo," a software for Android phones that brings to life simple smartphone operation utilizing AI and a new user interface. This software will be available on the "ELUGA RAY MAX" series smartphones that will hit the market on April 5, 2017, and will also become available on the "ELUGA PULSE X" designed for the Middle East and African markets. Panasonic India developed "Arbo" for Android phones for simple smartphone operation utilizing AI and a new user interface.

Panasonic Corporation to Start Local Production of Refrigerators

Panasonic Corporation announced that it will start the local production of refrigerators and strengthen its R&D functions. The company aims to expand its appliances business in India by accelerating the localizing, production and sales activities to develop products that match the local needs. Keeping in mind the rising demand for value-added refrigerators, the new factory will be built at Technopark, Jhajjar, Haryana and will be operational starting November 2017. With an annual production capacity of approx. 500,000 units the new plant will manufacture refrigerators comprising of unique features such as energy-saving, long-lasting freshness and design. Sales for the same will commence from April 2018 in India. Panasonic will also establish the India R&D Center in Appliances Company India consisting of two technical divisions to accelerate the product development and to realize locally fit products. It will strengthen the Design Division targeting the complete local product development process in India. The company will establish the design division in Bangalore in April 2017 in partnership with Tata Elxsi. Through this division it will develop technologies such as artificial intelligence and robotics applicable to appliance products not only for India but also for Japan and global markets.

Panasonic India Eyes Acquisitions

Panasonic India Pvt. Ltd. is looking to acquire companies in 6-9 months in order to develop artificial intelligence (AI) and Machine learning technologies. The company has already set aside an initial corpus of $10 million for the development of this technology through a merger and acquisition or a joint venture. "The budget is in tune of $10 million to start with, and as we see progress on this front and things go in right direction, then there will be no constraint on the budget part. We can spend as high as possible. Some part of this budget has been generated from the India business, while some portion has been allocated from Japan," said Pankaj Rana, head of mobility division, India, South Asia, Middle East and Africa at Panasonic.

Recent Private Companies Transactions

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