BPL Group was set up in 1963 and its founder is TPG Nambiar. The Group BPL is an electronics Indian company and its full form is British Physical Laboratories. The group manufactures consumer appliances like washing machines and refrigerators, health care devices, and entertainment home products.
The Label BPL under consumer appliances manufactures televisions such as flat TV, slim TV, and conventional TV. The group under entertainment home products produces home theaters, car audio, power solutions, and DVD players.
BPL Label under health care devices manufactures multi- parameter monitors, wireless treadmill system, and dental x- ray machines. All the manufacturing facilities of the group are highly technologically advanced. In order to further improve the quality of its products, the Group BPL has entered into collaborations with foreign companies who provide technology to the group. This has helped BPL Group to set high quality of standard for its products which in turn has boosted the sale of the group's products. As a result the group has become the country's largest electronics consumer company.
The Group BPL has its head office in Mumbai and it employs more than 14,000 people. The group is worth around Rs. 4,000 crore. The Label BPL in order to further expand its business is planning to expand in the health care sector. The group plans to enter the areas such as dentistry, critical care, and home heath care. BPL Group expects the revenue from the health care sector to amount more than Rs. 500 crore by 2010. The group in recent years has been facing equity revamp and major debt. For the Group BPL's net loss amounted to Rs. 34.76 crore in 2005- 2006 and the net sales amounted to Rs. 34.71 crore. The group's operating losses in the same year amounted to Rs. 13.91 crore. The Label BPL's net sales has amounted to Rs. 64.45 crore in 2004- 2005 and the net loss has stood at Rs. 41.59 crore.
The Group BPL as seen has been facing great financial problems. But the group has been trying to uplift its position by entering into collaborations with other companies. And it is expected that the Label BPL will be able to show profit in coming years.
The various companies under BPL Group are:
- BPL Ltd
- BST Ltd
- BDD Ltd
- BPL Telecoms Ltd
BPL Group has become a leading group in its sector due to the high quality of its products. And so in the future also the group must continue to supply the best quality of products to its customers for this will ensure that it will be able to retain its leadership position.
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