type public bse 500074 industry electronics founded 1963 headquarters bangalore india products medical equipment televisions refrigerators washing machines microwaves & audio equipment revenue 118.50 crore us 18 million operating income 90 crore us 13 million net income 77 crore us 11 million extraordinary income inclusive number of employees around 250 website www.bpl.in british physical laboratories group bpl is an indian electronics company . it makes health care equipment . it was founded in 1963 in palakkad kerala and is headquartered at bangalore karnataka . contents 1 history 1.1 1980s 2 performance 3 joint venture with sanyo 4 bpl medical technologies 5 references 6 external links history edit british physical laboratories was founded in 1963 during the licence raj by tpg nambiar in palakkad kerala as a company for manufacturing hermetically sealed precision panel meters for the defence forces . 1 2 3 nambiar had worked in the united kingdom and united states and when he returned to india he desired to create a company that manufactured high quality electronic products and he wanted to make bpl a household name . 1 bpl initially expanded its medical product ranges to include electrocardiographs and patient monitoring systems . 2 after the 1982 asian games bpl expanded its range further and manufactured colour televisions and video cassette recorders and later refrigerators batteries and other consumer electrical equipment . 3 the company headquarters was moved to dynamic house church street bangalore . 2 from medical electronics it expanded into consumer electronics telecommunications soft energy and electronic components . 2 1980s edit from 1980 onwards when the industrial licensing was relaxed bpl began manufacturing televisions and telecommunications equipment demonstrating its potential and future business area . it began collaborating with the japanese sanyo electric company in the early 1980s with a technology transfer agreement . 2 4 in the early 1990s after globalisation and liberalization of the indian economy competition entered the market . bpl retained its strong presence and growth rate . during the late 1990s the company s annual revenue peaked at 4 300 crore equivalent to 140 billion or us 2.0 billion in 2016 . 2 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 . following economic liberalisation in india in 1991 bpl faced increased competition from south korean companies lg and samsung . 2 internal disputes within the controlling family took away attention from external threats and the company s fortunes declined . 2 by 2004 bpl and sanyo were facing serious financial problems due to intense competition in the global electronics market . 4 in 2005 the companies announced a joint venture and bpl transferred its colour television business then worth us 80 million to the new venture . 5 bpl was restructured with a focus on energy healthcare consumer electronics and home security systems . 2 performance edit bpl ltd has reported a net loss of 34.76 crore equivalent to 78 crore or us 12 million in 2016 in the second quarter of fiscal 2005 06 on gross sales of 34.71 crore equivalent to 78 crore or us 12 million in 2016 . operating losses were at 13.91 crore equivalent to 31 crore or us 4.6 million in 2016 . gross sales were 64.45 crore equivalent to 153 crore or us 23 million in 2016 in the corresponding period during 2004 05 while net loss was at 41.59 crore equivalent to 99 crore or us 15 million in 2016 . according to the company the promoters have brought in 50.08 crore equivalent to 119 crore or us 18 million in 2016 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 31 march 2005 about undisputed amounts payable in respect of income tax 4.44 crore equivalent to 11 crore or us 1.6 million in 2016 dividend tax 2.51 crore equivalent to 6.0 crore or us 890 000 in 2016 wealth tax 0.11 crore equivalent to 2.6 million or us 39 000 in 2016 tds 6.77 crore equivalent to 16 crore or us 2.4 million in 2016 and customs duty 1.68 crore equivalent to 4.0 crore or us 590 000 in 2016 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 3.0 crore or us 450 000 in 2016 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 edit 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 2 000 crore equivalent to 35 billion or us 520 million in 2016 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 rebranded the service offering under the sure care brand . sure care provides support for the complete range of bpl healthcare products . bpl medical technologies edit bpl medical technologies was spun off into a separate company in 2013 . in may 2013 goldman sachs purchased a 49 % stake in the new company for 110 crore equivalent to 131 crore or us 19 million in 2016 . 6 references edit a b our history . bpl group . archived from the original on 2007 11 02 . retrieved 2007 08 28 . a b c d e f g h i babu venkatesha ; pulla priyanka 2011 03 15 . the rise and fall of bpl . mint . bangalore ht media . archived from the original on 2013 02 25 . retrieved 2014 04 18 . a b b eyond p erceptible l ogic nambiar s misplaced trust in his son in law was just the icing ... . indian institute of planning and management . archived from the original on 2014 04 18 . retrieved 2014 04 18 . a b bpl ltd & sanyo electric co. ltd an enduring alliance . ibs center for management research . 2006 . archived from the original on 2013 10 24 . retrieved 2014 04 18 . mathew james ; sinha vivek 2005 06 28 . bombay hc clears bpl s debt restructuring plan . the economic times . new delhi the times group . archived from the original on 2014 04 18 . retrieved 2011 04 18 . goldman sachs picks up 49 % stake in bpl med . business standard . business standard ltd. 2013 05 14 . archived from the original on 2013 09 13 . retrieved 2014 04 04 . external links edit official website official service provider distributors bpl iq 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