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.