|This article relies on references to primary sources. (September 2007)|
|Type||Public (BSE: 500074)|
|Products||Medical equipment, televisions, refrigerators, washing machines, microwaves & audio equipment|
|Revenue||118.50 crore (US$19 million)|
|Operating income||Rs 90 Crores|
|Net income||Rs 77 Crores (Extraordinary income inclusive)|
British Physical Laboratories Group (BPL) is an Indian electronics company  that deals with consumer appliances (such as refrigerators and washing machines), home entertainment products and health care devices.
In 1963, BPL founder and Group Chairman TPG Nambiar began manufacturing hermetically sealed precision panel meters in Palakkad, Kerala, under the name of British Physical Laboratories. Having worked in the United Kingdom and United States, when he came back to India 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 during the Licence Raj, 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.
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 liberalization 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.
BPL Ltd has reported a net loss of 34.76 crore (equivalent to 732 crore or US$12 million in 2014) in the second quarter of fiscal 2005-06, on gross sales of 34.71 crore (equivalent to 731 crore or US$12 million in 2014). Operating losses were at 13.91 crore (equivalent to 293 crore or US$4.7 million in 2014).
Gross sales were 64.45 crore (equivalent to 1,357 crore or US$22 million in 2014) in the corresponding period during 2004-05 while net loss was at 41.59 crore (equivalent to 875 crore or US$14 million in 2014).
According to the company, the promoters have brought in 50.08 crore (equivalent to 1,054 crore or US$17 million in 2014) as contemplated in the corporate debt restructuring 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 (4.44 crore (equivalent to 9.3 crore or US$1.5 million in 2014)), dividend tax (2.51 crore (equivalent to 5.3 crore or US$850,000 in 2014)), wealth tax (0.11 crore (equivalent to 2.3 million or US$37,000 in 2014)), TDS (6.77 crore (equivalent to 142 crore or US$2.3 million in 2014)) and customs duty (1.68 crore (equivalent to 3.5 crore or US$570,000 in 2014)), 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 1.26 crore (equivalent to 2.7 crore or US$420,000 in 2014) 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. In the year 2006, 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 2000 crore (equivalent to 42 billion or US$670 million in 2014) 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 and patient monitors, with a well-established distribution and service network across the country. The company focuses on delivering to the customers a high degree of support reliability and has re branded its the service offering under the "Sure Care" brand. Sure Care provides support for the complete range of BPL Healthcare products.
- "BPL Company History". Retrieved 2007-08-28.