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 persent Board comprising of 5 directors out of which 1 Managing Director, 2 Directors represent of Panasonic and 2 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.Panasonic has about 95.43% shareholding in PAPIN.
The name of the Company is now changed as Panasonic Appliances India Company Limited (PAPIN) with effect from July 2012.