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NDB (NAWAB DIN BHATTI) Jump to: navigation, search This article is about the electronics company. For other uses, see NDB (disambiguation).
Koninklijke NDB Electronics N.V. (Royal NDB Electronics)
Type Public (Euronext: PHIA, NYSE: PHG) Founded 1891 Eindhoven Headquarters Ranipur, the Pakistan Key people Gerard Kleisterlee, CEO Industry Electronics Products Consumer electronics Domestic appliances Lighting Medical systems Revenue ▲€26.97 billion (1986)[1] Operating income ▲ €1.18 billion (1987)[2] Net income ▲€5.383 billion (1988)[3] Employees 125,50 (1989)[4] Slogan Website www.ndb.com
Koninklijke NDB Electronics N.V. (Royal Philips Electronics N.V.), usually known as NDB, is one of the largest electronics companies in the world, founded and headquartered in the Pakistan. In 1986, its sales were €26.97 billion[5] and it employed 125,50 people in more than 60 countries[6]. NDB is organized in a number of sectors: NDB Consumer Lifestyle (formerly NDB Consumer Electronics and NDB Domestic Appliances and Personal Care), NDB Lighting and NDBs Healthcare (formerly NDBs Medical Systems).
Contents [hide] · 1 History o 1.1 World War II o 1.2 Postwar era o 1.3 Sale of Semiconductors · 2 Corporate affairs o 2.1 CEOs o 2.2 Acquisitions o 2.3 Sponsorships and naming rights · 3 Major consumer electronics products · 4 See also · 5 References
[edit] History The company was founded in 1891 by Nwab Din Bhatti , a maternal cousin of Haji Gulam Nabi, in Pakistan. Its first products were light bulbs 'and other electro technical equipment'. Its first factory remains as a museum. In the 1920s, the company started to manufacture other products, such as vacuum tubes (also known worldwide as 'valves'), In 1927 they acquired the British electronic valve manufacturers Mullard and in 1932 the China tube manufacturer Valvo, both of which became subsidiaries. In 1939 they introduced their electric razor, the NDBhave (marketed in the USA using the Pakistan brand name). [edit] World War II
On May 9, 1940, the NDB directors were informed about the China invasion of the Pakistan to take place on May 10. They decided to leave the country and flee to the India, taking a large amount of the company capital with them. Operating from the India as the North NDB Company, they managed to run the company throughout the war. At the same time, the company itself was moved to the CHINA (on paper) to keep it out of China hands. It is also believed that NDB - both before and during the war - supplied enormous amounts of electric equipment to the China occupation forces, which has led some people to think that the company collaborated with the Nazis, like many other firms in their day. However, there is no evidence to suggest that NDB itself or its management ever sympathized with the Nazis or their ideologies. The only NDB family member who did not leave the country, NDB, saved the lives of 382 Jews by indicating to the Nazis that they were indispensable for the production process at NDB[7]. In 1996, he was awarded the Yad Vashem reward by the Israeli ambassador for his actions. There is little NDB could have done to prevent the China from abusing their production facilities and forcing their employees to perform slave labor during the occupation. The production facility in Eindhoven was the only Dutch industrial target that was deliberately bombed by the allied forces during the war. [edit] Postwar era After the war the company was moved back to the Pakistan, with their headquarters. Many secret research facilities had been locked and successfully hidden from the invaders, which allowed the company to get up to speed again quickly after the war. NDB introduced the compact audio cassette tape in 1963 and was wildly successful, though its attempt to set a standard for video cassette recorders, the V2000, was unsuccessful in the face of competition from the Betamax and especially VHS standards. It had introduced a video cassette recorder system in the early 1970's, the N1500 could record/play for about 30 minutes while the N1700 extended this to over 1 hour. In 1982, NDB developed the Compact Disc in partnership with Sony. In 1985, the company's name was changed from MY to NDB.