BPL group
Encyclopedia
British Physical Laboratories Group (BPL) is an India
n electronics company that deals with consumer appliances (such as refrigerators and washing machines), home entertainment products and health care devices.
, Kerala
, under the name of British Physical Laboratories. Having worked in the UK
and USA, when he came back to India armed with a vision of pioneering the manufacture of superior quality electronic products, he dreamed of making BPL a household name.
Over the years, BPL's growth has been subject to constant challenges. The company was started at a time when the government had reserved many areas of business for the public sector. It had also virtually barred most entrepreneurs from entering other fields through reservations on licensing.
of the Indian economy, competition entered the market. BPL retained its strong presence and growth rate.
BPL concentrated on importing technology, improving product quality, innovations and manufacturing of electronic products. In late 1980s, BPL had metamorphosed from an entrepreneurial venture, into India's biggest consumer electronics & telecommunication company; the slide from the top was equally quick after liberalisation.
Gross sales were Rs 64.45 crore in the corresponding period during 2004-05 while net loss was at Rs 41.59 crore.
According to the company, the promoters have brought in Rs 50.08 crore as contemplated in the corporate debt restructure approved scheme. The amount was to pay statutory liabilities, unsecured, pressing creditors, dealers, credit balances, employee dues and working capital requirements, in part.
In respect to the auditors' qualification of the company's accounts for the period ended March 31, 2005, about undisputed amounts payable in respect of income-tax (Rs 4.44 crore), dividend tax (Rs 2.51 crore), wealth tax (Rs 0.11crore), TDS (Rs 6.77 crore) and customs duty (Rs 1.68 crore), the Chairman and Managing director, Mr Ajit G. Nambiar said the company had earlier not been able to remit the dues because of cash flow constraint but in July 2005, remitted the entire dues except Rs 1.26 crore in customs duty.
The balance in customs duty would be paid once the financial restructuring is completed and normalcy of operations is achieved, according to the company.
The partners, who had shared a long-standing relationship since 1982, had been off the market for about two years, going through some tough times. This year, they decided to get back in action together to regain lost market share.
While unveiling the Joint Venture's plans, Sanyo-BPL Pvt Ltd Chairman and Chief Executive Officer, Ajit G Nambiar, said the company expected to post revenues of around Rs 2,000 crore by 2009 and lead the market in consumer electronics and white goods in five years.
They, however, decided to market their brands separately with BPL focusing on the volume segment while Sanyo brand positioned itself as the value driver.
Besides, Sanyo also planned to use India as its sourcing base and has already started sourcing slim TVs from India. It also expected India to contribute five per cent of its global revenues from its operations in India.
In May 2007 after the failure of Sanyo BPL venture. The attrition in rate in Sanyo BPL was 70%. BPL concentrated 100% on Healthcare Business group which has its own manufacturing of electromedical equipment such as Electrocardiography apparatus, Patient Monitors, etc with a well established distribution and service network across the country. The company focusses on delivering to the customers a high degree of support reliability and has re branded its the Service offering under "SURE CARE" brand. Sure Care provides support for the complete range of BPL Healthcare products.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n electronics company that deals with consumer appliances (such as refrigerators and washing machines), home entertainment products and health care devices.
History
In 1963, BPL founder and Group Chairman TPG Nambiar began manufacturing hermetically sealed precision panel meters in PalakkadPalakkad
Palakkad , formerly known as Palghat, is a municipality and a town in the state of Kerala in southern India, spread over an area of 26.60 km2.The city is situated about north of state capital Thiruvananthapuram. It is the administrative headquarters of Palakkad District...
, Kerala
Kerala
or Keralam is an Indian state located on the Malabar coast of south-west India. It was created on 1 November 1956 by the States Reorganisation Act by combining various Malayalam speaking regions....
, under the name of British Physical Laboratories. Having worked in the UK
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
and USA, when he came back to India armed with a vision of pioneering the manufacture of superior quality electronic products, he dreamed of making BPL a household name.
Over the years, BPL's growth has been subject to constant challenges. The company was started at a time when the government had reserved many areas of business for the public sector. It had also virtually barred most entrepreneurs from entering other fields through reservations on licensing.
1980s
From 1980 onwards, when the industrial licensing was relaxed, BPL began manufacturing televisions and telecommunications equipment, demonstrating its potential and future business area. In the early 1990s, after globalisation and liberalizationLiberalization
In general, liberalization refers to a relaxation of previous government restrictions, usually in areas of social or economic policy. In some contexts this process or concept is often, but not always, referred to as deregulation...
of the Indian economy, competition entered the market. BPL retained its strong presence and growth rate.
BPL concentrated on importing technology, improving product quality, innovations and manufacturing of electronic products. In late 1980s, BPL had metamorphosed from an entrepreneurial venture, into India's biggest consumer electronics & telecommunication company; the slide from the top was equally quick after liberalisation.
Performance
BPL Ltd has reported a net loss of Rs 34.76 crore in the second quarter of fiscal 2005-06, on gross sales of Rs 34.71 crore. Operating losses were at Rs 13.91 crore.Gross sales were Rs 64.45 crore in the corresponding period during 2004-05 while net loss was at Rs 41.59 crore.
According to the company, the promoters have brought in Rs 50.08 crore as contemplated in the corporate debt restructure approved scheme. The amount was to pay statutory liabilities, unsecured, pressing creditors, dealers, credit balances, employee dues and working capital requirements, in part.
In respect to the auditors' qualification of the company's accounts for the period ended March 31, 2005, about undisputed amounts payable in respect of income-tax (Rs 4.44 crore), dividend tax (Rs 2.51 crore), wealth tax (Rs 0.11crore), TDS (Rs 6.77 crore) and customs duty (Rs 1.68 crore), the Chairman and Managing director, Mr Ajit G. Nambiar said the company had earlier not been able to remit the dues because of cash flow constraint but in July 2005, remitted the entire dues except Rs 1.26 crore in customs duty.
The balance in customs duty would be paid once the financial restructuring is completed and normalcy of operations is achieved, according to the company.
Joint Venture with Sanyo
The BPL Group and Japanese electronics major Sanyo Electric Company Ltd, formally started their 50:50 Joint Venture.The partners, who had shared a long-standing relationship since 1982, had been off the market for about two years, going through some tough times. This year, they decided to get back in action together to regain lost market share.
While unveiling the Joint Venture's plans, Sanyo-BPL Pvt Ltd Chairman and Chief Executive Officer, Ajit G Nambiar, said the company expected to post revenues of around Rs 2,000 crore by 2009 and lead the market in consumer electronics and white goods in five years.
They, however, decided to market their brands separately with BPL focusing on the volume segment while Sanyo brand positioned itself as the value driver.
Besides, Sanyo also planned to use India as its sourcing base and has already started sourcing slim TVs from India. It also expected India to contribute five per cent of its global revenues from its operations in India.
In May 2007 after the failure of Sanyo BPL venture. The attrition in rate in Sanyo BPL was 70%. BPL concentrated 100% on Healthcare Business group which has its own manufacturing of electromedical equipment such as Electrocardiography apparatus, Patient Monitors, etc with a well established distribution and service network across the country. The company focusses on delivering to the customers a high degree of support reliability and has re branded its the Service offering under "SURE CARE" brand. Sure Care provides support for the complete range of BPL Healthcare products.