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Panasonic Corporation previously known as Matsushita Electric Industrial Company Limited is a Japanese international electronics equipment organization which is engaged in the manufacturing and marketing of electrical goods under the brand name “Panasonic”. The organization was rooted by the diligent work of a Japanese industrialist “Konosuke Matsushita” on March 13, 1918 and marketed duplex lamp sockets at its beginning stage. With the progression of time, the co-operation expanded its business and started manufacturing Bicycle lamps in the year 1927 which was launched into the market under the brand name “National”. The organization operated under the name "Matsushita Electric Industrial Company Limited" before it was re-named as "Panasonic Corporation" on October 1, 2008. It offers a comprehensive range of consumer electronics, household items which includes, Plasma display Televisions, 3D Full HD Plasma displays, Digital Light Processing (DLP) projectors, liquid-crystal display (LCD) projectors, Digital cameras, Home Appliances, and many others. The organization operates various manufacturing and marketing units in various locations across the world. It additionally runs seceral independent locations by means of franchising, licensing and corporate agreements to serve a large number of people with its vast range of Electronic products. Panasonic Corporation additionally offers professional and timely after sale customer services through its global network of authorized service centers. Panasonic Corporation of North America, Panasonic Europe Limited, Panasonic Marketing Europe Gesellschaft mit beschränkter Haftung (GmbH), Panasonic Corporation of India, PT.Panasonic Gobel Indonesia, Panasonic Mobile Communications, Panasonic Automotive Systems, and Panasonic Avionics Corporation (PAC) are the various international divisions of the organization. The organization has employed approximately 293,742 employees and engineers in Research and Development (R and D) to provide the highest standard of the services to match customer's expectations. Panasonic Avionics Corporation, Panasonic Electric Works, Universal Lighting Technologies and Kawakita Denki Kigyosha are the four subsidiaries of the organization. The organization has been trading on the Tokyo Stock Exchange (TYO) under the code “6752” and is being operated by its headquarters located in Kadoma, Osaka in Japan. According to the reports of the year 2013, the organization had an operating income of more than 1.67 billion U.S. Dollar's.