PANASONIC AVC NETWORKS INDIA COMPANY LIMITED was incorporated on 19 March 1996. It is classified as a Non-govt company and is registered at Registrar of Companies, Delhi.
The Company is engaged in the business of manufacturing and trading of electronic items like LCD & Plasma TVs, DVD players, Home Theatre Systems, Smartphones, Cameras, Camcorders, Car Audio Systems, Mounted printed circuit board for air conditioner, Washing Machines, Refrigerators, Microwave Ovens, Automatic Cookers, Vacuum Cleaners and a wide range of system products including communication ones like Mobile Phones, High Definition Videoconferencing, Professional Audio-Video products like Broadcast Cameras, Projectors and Displays, Business Solutions including Printers, Whiteboards and Security Solutions.
The Company has disposed of its mounted printed circuit board business and discontinued its television (TV) production business but has a plan to continue its consumer service business in the foreseeable future.
Since the founding of the company, Panasonic has been providing better living for customers, always making "people" central to their activities, and thus focusing on "people's lives." The company is continuing to work hard In various spaces and areas, such as homes, communities, businesses, journeys, and automobiles, to offer new value for better living, and help realize "A Better Life, A Better World" for each individual customer.
|
CIN of Panasonic AVC Networks |
U74899DL1996PLC077330 |
|
Registration Date of Panasonic AVC Networks |
March 19, 1996 |
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Category/Sub-category of Panasonic AVC Networks |
Manufacturing Company Limited by Shares |
|
Panasonic AVC Networks Registered office address and contact details |
D-13/4, Okhla Industrial Area, Phase-II, New Delhi-110020, India Tel:+91-120-4024500 |
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Panasonic AVC Networks Registrar and Transfer Agent address and contact details |
Skyline Financial Services Private Limited, D-153 A|Ist Floor| Okhla Industrial Area, Phase-I| New Delhi-110020. Tel. : +91 11 40450193-97 |
|
Name and Description of main products/services |
% to total turnover of the Company |
|
Manufacturing of LED TV |
77.84% |
Mr. Isshin Kinugawa (Chairman & Managing Director)
Mr. TsuyoshiYoto (Director)
Mr. Toru Shinohara (Director)
Mr. Yasunari Anan (Director)
Mr. Yasho Verdhan Verma (Independent Director)
Mrs. Kanchan Vohra (Independent Director)
Panasonic AVC Networks India Company Limited does not have any subsidiary or associate company.
Panasonic AVC Networks India Company Limited Shareholding Pattern (As on 31-03-2020)
|
S. No. |
Shareholder's Name |
Number of shares |
% of total Shares of the company |
|
1 |
Panasonic Corporation, Japan (Promoter) |
4,76,27,439 |
95.25% |
|
2 |
Public Shareholding |
22,70,006 |
4.54% |
|
3 |
IEPF |
1,02,562 |
0.21% |
|
|
Total |
5,00,00,007 |
100% |
The electronics industry is one of the fastest-growing across the world, set to reach US$ 7.3 trillion by 2025. The electronics market valued at $118 billion in 2020 is segmented as Mobile Phones (24%), Consumer Electronics (22%), Strategic Electronics (12%), Computer Hardware (7%), LEDs (2%), and Industrial Electronics (34%) comprising of Auto, Medical and other industrial electronic products.
Domestic electronics production grows over 2.5 times in 5 years; from $29 billion (2014) to $75.7 billion (2019-2020). The domestic Electronic Components market in India for 2019 was $20.8 billion (excluding imported PCB-Assemblies). Digital Transactions per capita per annum have increased up to 10 times in 5 years. India is a global R&D destination, with 1140+ R&D Centers of MNCs in India employing 9,00,000+ professionals
Of the total electronics demand in India, around 50% is fulfilled by imports and 16% is exported of the total local electronics production. The government of India is very keen to reduce electronics imports by initiatives like Make in India and the Digital India programs to encourage domestic manufacturing and exports across the electronics system design and manufacturing (ESDM) value chain, aiming to achieve a market size of US$ 251 billion by 2023.
Various schemes have been launched by the government in order to position India as a global hub for Electronics System Design and Manufacturing (ESDM) such as Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing, Production Linked Incentive Scheme (PLI) for IT Hardware, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modified Electronics Manufacturing Clusters Scheme (EMC 2.0)
With the rising manufacturing costs in other economies and the increasing labor costs in China, coupled with rising tension between the USA and China, global organizations are expected to shift their units from China to India and other European countries to serve domestic and global demand.
