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Philips Software Centre, operating from Philips Innovation Campus (PIC),
Bangalore, was established in 1997 as a wholly-owned subsidiary of Royal Philips
Electronics NV. The company saw a marginal growth of 4% in FY 2001-02 of 4.16%
posting a revenue of Rs 136.96 crore as against a billing of Rs 131.49 crore
showing 31% growth in the previous year. PSC's software expertise is primarily
in the areas of embedded and information system engineering.