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PUBLIC NOTICE
This is to inform the general public that unscrupulous elements are using Company’s name with a view to cheat the public wherein advertisements in the name of the Company offering jobs are sent by email to a large number of people. In this regard we wish to inform that the Company is no way connected with these advertisements and lodged a Police Compliant to investigate this matter. By this circular we further caution the public not to become prey for this type fraudulent emails and exercise caution and diligence in responding to emails purported to be made on behalf of reputed companies like our Company. We further inform the Public that the Company will not be responsible for any loss or damage suffered by anybody for anything done on the basis of the fraudulent email communications mentioned herein. This notice is issued considering the public interest and goodwill of the Company involved in this matter.
 
 

Company profile


The Company was incorporated as a public limited company on 9th September 1988 in the name of Indo Matsushita Appliances Company Limited. The Company was promoted as a joint venture by Mr.P.Obul Reddy a leading Industrialist in Chennai, Tamil Nadu in Technical and Financial Collaboration with Matsushita Electric Industrial Co. Ltd. Japan (now known as Panasonic Corporation). The Company has come out with a public issue during the year 1990 and the shares of the Company are listed in the Bombay Stock Exchange Ltd (BSE) and Madras Stock Exchange Ltd.

The Company started manufacturing of Electric Rice Cookers during the year 1990 and marketed the same in the brand name of “National Nippo”. The Company has been considered as the pioneer in the field of manufacturing and marketing of Electric Rice Cookers in India and is the market leader in this segment. The Electric Rice Cooker manufactured by the Company has a unique feature in which it has an in-built auto-thermostat which will cut off the heater once the cooking is completed and thereafter keep it warm for a long time.

The Company expanded its products line by introduction of Mixer-Grinder under “National” brand by starting production of the same in its Factory located at Sholavarm village near Chennai, Tamil Nadu during August 1995 with the technical assistance from Panasonic Corporation, Japan.

During the year 2003 the Company has started the business of trading of imported Panasonic products comprising Kitchen Appliances and Beauty Care and Health Care category.

As a part of Panasonic’s strategy of integration of brands and building the “Panasonic” brand name, Company discontinued the use of “National” brand name and “Panasonic” brand name is exclusively used for both Electric Cooker and Mixer Grinder. The name of the Company was also changed to Panasonic Home Appliances India Company Limited (PHAI) with effect from 10th September 2004.

PHAI adopted the principles of Mr. Konosuke Matsushita, Founder of the Matsushita Electric Industrial Co. Ltd., Japan, who once said “All technologies should be used to put richness into people’s hearts and lives.” At present the Company manufactures various models of Electric Cooker under Lid Type and Jar Type besides Mixer Grinders of various models. The Company also exports both Cooker and Mixer Grinder to various countries. The day-to-day management of affairs of the Company is vested on the Managing Director who is subjected to the overall superintendence and control of the Board. The present Board comprising of 6 Directors out of which 2 Directors represent Panasonic, 1 Director represents Indian Promoters and 3 Independent Directors. PHAI is a subsidiary of Panasonic Corporation, headquartered in Osaka, Japan. Panasonic is a worldwide leader in the manufacture of electronic products for a wide range of consumer, business and industrial needs. With a turnover of USD 79 billion, Panasonic ranks 65th in the Fortune 500 list of the largest global corporations and is ranked 4th in Fortune 500 index for ‘Electronics and Electrical Equipments’ and ranked as a ‘World Super 50’ by Forbes. Its operations span 9 countries, with a workforce of about 385,000 spread over 75 companies. Panasonic has built 297 manufacturing facilities across the world, and has an annual spend exceeding US$5 billion on research and development. The Company recently acquired Sanyo in a USD 9 billion deal, making it the world’s second largest conglomerate in the electronics industry. Panasonic has about 51% shareholding in PHAI.

The name of the Company is now changed as Panasonic Appliances India Company Limited (PAI) with effect from July 2012.