Besta Vision Electronics Ltd. (BVEL) was originally incorporated on
 August 1, 1985 in the Union Teritory of New Delhi as a private
 limited company and was converted into public limited company on
 January 2, 1986 and obtained fresh certificate of incorporation on
 7th January, 1986.  
 
 The company was originally promoted by Mr. A.C. Bajaj. The present
 management took-over the affairs of the company in April, 1987. Since
 then, it is engaged in the manufacturing of colour and B&W
 televisions.  Later, it added Black & White Picture Tubes & Video
 sets in its product range.
 
 Presently Company is marketing its products under the Brand name of
 `BESTAVISION', `TEXLA' and `GOLDSTAR'.  
 
 M/s.  Mullard Tubes Ltd., a closely-held group company, engaged in
 the manufacture of B&W picture tubes at Ludhiana since 1986, was
 merged with BVEL with effect from 1.1.1993 in terms of a scheme of
 merger approved by BIFR vide its order dated 29.4.1994 and 27.6.1994.
 As per the scheme of merger, the shareholders of Mullard Tubes Ltd
 were allotted one share of BVEL for every share held. BVEL entered
 into brand licensing and technological assistance tie-up with world
 renowned GOLDSTAR CO.LTD of South Korea on 5th August, 1993 for
 manufacture and marketing of colour
 television sets under their brand name of `GOLDSTAR' in India.