Kolkata, Sep 25 (IANS): Asserting that there will not any immediate recast of its work force, Philips India Thursday said it would take about 12-18 months to reorganise its Rs.6,000-crore business in the wake of its parent company deciding to separate its lighting and healthcare divisions.

"In the next two years there will be no impact on the headcount. Business will remain exactly the same as it was before the split," Philips India vice chairman and managing director Krishna Kumar told media persons here.

Royal Philips has recently announced that the company will hive off its lighting division into a separate entity. The separation will take place in all 17 countries where it has a presence.

"It will need approvals of the board, regulators and the shareholders to formally reorganise the business and expected to take 12 to 18 months time," said Kumar about the reorganisation.

The company, which has four manufacturing facilities and another four research and development units in India, has around 9,500 employees in the country.

Kumar said Philips India reported a turnover of approximately Rs.6,000 crore last fiscal with the lighting and healthcare divisions each contributing around 50 percent to the revenues, adding that the company was also looking at inorganic growth in all its business segments.