Koninklijke Philips Electronics N.V., or Royal Philips Electronics, commonly known as Philips, is a Dutch consumer electronics company based in Amsterdam. Philips is founded in the year 1891 by Dutch industrialist Gerard Philips together with his father, Frederik Philips. The company is one of the largest electronics companies in the world. It is organized into three main divisions - Philips Consumer Lifestyle, Philips Healthcare, and Philips Lighting. Today, Philips employs around 122,000 people across more than 60 countries in the world. Philips has a vast portfolio of products ranging from consumer electronics to healthcare products. Philips is also known for its lighting products. In 2012, the company became the largest manufacturer of lighting in the world.