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BPL Ltd.

BSE: 500074 | NSE: BPL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE110A01019 | SECTOR: Consumer Goods - Electronic

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Company History - BPL
1963
 
 - The Company was incorporated as a private limited company and was
 promoted by TPG Nambiar.  It was promoted in technical and financial
 collaboration with BPL Instruments Ltd., U.K.  The Company
 manufacture
 electronic test and measuring instruments and electro medical
 instruments, electro cardio graft patient monitoring systems, colour
 &
 Black & White TV receivers, video cassette recorders, plain paper
 copiers etc.
 
 1979
 
 - Permission was obtained for manufacture of plain paper copiers in
 technical collaboration with Gestaner UK.  Later improved
 state-of-the
 art plain paper copiers were introduced in technical collaboration
 with
 Sanyo, Japan.
 
 1982
 
 - The Company diversified into consumer electronics field, colour
 television receivers, black & white TV receivers, video cassette
 recorders etc.  The products are marketed under the brand name
 `BPL'.
 
 1994
 
 - 176,00,000 No. of equity shares held by promoters.  During March
 1994, the Company offered 82,00,000 No. of equity shares of Rs 10
 each
 for cash at a prem. of Rs 105 per share as follows: (i) on firms
 allotment basis: 75,000 shares to promoters, directors, friends
 etc.;
 (ii) 10,00,000 shares to UTI/ICICI/SCICI.  Another 2,00,000 shares
 issued in preferential allotment basis to employees.  (Only 1,97,600
 shares taken up).  Balance 69,25,000 shares along with 2,400 shares
 not
 taken up by employees issued to public.  In addition 9,00,000 shares
 were issued at a premium of Rs 155 per share to FIIs on firm
 allotment
 basis.
 
 1995
 
 - The Company has embarked on the export oriented project for
 manufacture of Alkaline Batteries.
 
 - The Company undertook the modernisation-cum-Expansion Project at
 its
 TV manufacturing facilities at Hoskote and Arakera and PCB
 manufacturing facility at Doddaballapur.  It has its capacity to
 manufacture 4 lakh nos. of CTVs.  It was proposed to introduce TVs
 with
 additional superior features as per requirement and customer
 preferences.
 
 - Machineries were to be procured from Asia Matsushita Electronic
 (C)
 Pvt, Ltd., Singapore, Dainippa Screen Singapore Pvt Ltd., Lam Thong
 Pannel & Silk Screen Supplier Pvt. Ltd. Singapore etc.
 
 - 10,00,000 No. of equity shares of Rs 10 each at a premium of Rs
 120
 per share allotted to warrantholders, Rs 30 per shares called up
 (F.V.
 called up Rs 2.50, premium called up Rs 27.50.).
 
 1996
 
 - The Company has embarked on the export-oriented project for
 manufacture of eco-friendly Alkaline Batteries.  A state-of-the-art
 fully automated production facility is being set up at a new
 location
 in Dobaspet, Tumkur District, Karnataka.
 
 1997
 
 - BPL Automatics Ltd. and UPTRON Colour Picture Tubes Ltd. are the
 subsidiary companies of the company.
 
 - The Company launched Alkaline batteries in Indian market in
 August.
 The Batteries are sold in Japan under the brand names SANYO and FUJI
 FILM.
 
 - BPL has struck a deal with Hindustan Lever (HLL) by offering four
 kilos of International Surf Excel free with the purchase of a top
 loading BPL washing machine.
 
 - The Karnataka government accorded approval to BPL Ltd to start a
 manganese dioxide battery unit, in collaboration with an Indonesian
 firm, at Somanahalli in Mandya district.
 
 - BPL India Ltd has been awarded the first prize for growth in
 exports
 in the consumer electronics category for 1995-96.
 
 - The company has entered into a 50:50 joint venture with PT
 International Chemical Industries Co Ltd of Indonesia to form BPL
 PTI
 Chemical Industries Ltd based in Bangalore.
 
 - The electronic consumer major BPL Ltd has entered into an alliance
 with Korean Heavy Industries & Construction Ltd for its power
 project
 at Ramagundam in Andhra Pradesh.
 
 - BPL Connect has launched a cross-border paging service called
 `Connect Overseas', connecting UAE with Kerala.  The company has
 launched the new value-added service in association with Motorola
 and
 the UAE based Memo Express and Global Net.
 
 1998
 
 - Earlier, in October 1994, BPL and the Andhra Pradesh State
 Electricity Board signed a PPA, which has been revised.  The date of
 commissioning of the project has been set for July 2000.
 
 - The Company launched new cooking range incorporating Italian
 technology, the company also introduced two new models of
 ultra-sound
 scanners embodying the latest technology and three new models of
 electrocardiographs with advanced technology.
 
 - BPL Ltd is entering into a manufacturing and marketing alliance
 with
 an undisclosed colour TV maker based in Europe, to avail of the
 advantage of 14 per cent tax concession on exports to the European
 Union countries.
 
 - BPL Mobile has introduced three new models with hands free kits in
 the Mobile on the Spot Package.  The three models include Motorola
 Amio
 A 180, Siemens S6 Power and Philips Twist, the latest models in the
 industry.
 
 - BPL Mobile has introduced the mobile long distance (MLD) facility,
 by
 which a subscriber can call over 40 destinations in Tamil Nadu at
 the
 rate lower than department of telecommunications (DoT) charges.
 
 - BPL Ltd, launched its latest range of products, in Hyderabad.  The
 technology for these products was developed through BPL's tie-ups
 with
 global industry leaders.  BPL Mobile has launched a range of
 pre-paid
 SIM cards.
       
 - BPL Mobile has introduced the automatic roaming (auto roam)
 service
 in Tamil Nadu.
 
 - BPL Automation Ltd. one of the subsidiaries of the company became
 a
 wholly owned subsidiary of the company on 21st July.
 
 - 50,00,000 redeemable pref. shares of Rs 100 each issued.  1,00,000
 No. of equity shares of Rs 10 each (prem. of Rs 130 per shares)
 issued
 on conversion of warrants.
 
 1999
 
 - BPL Mobile is introducing the mobile on the spot prepaid card with
 an
 over the air customisation facility in Tamil Nadu.
 
 - Consumer electronics major BPL and Microsoft, Corporation India
 Pvt
 Ltd have formed a joint strategic initiative to provide interactive
 voice response, computer telephony and call centre applications.  
 
 - BPL, the consumer electronics and telecom major, has entered into
 a
 memorandum of understanding (MoU) with RITES, a public sector
 company
 under the ministry of railways, to form a joint venture company to
 build a broad band telecom network under the liberalised telecom
 policy.
 
 - Bajaj Auto Finance has entered into a tie-up with BPL to finance
 the
 later's white goods and their customer durables.
 
 2000
 
 - BPL announced the launch of bplnet.com, its internet business.  It
 will be offered under group company, BPL Innovision, the group's arm
 that is into information technology and the internet business.
 
 - BPL has launched Oyeindia.com, a youth portal which will provide a
 platform for youth to converge, communicate, consult and connect.
 
 - BPL has set up a think-tank comprising of senior officials of the
 company, to look into strategic planning and provide a roadmap for
 BPL's future journeys into a converging world.
 
 - BPL is set to launch its front-loading, fully computerised washing
 machine range by July.
 
 - BPL Ltd., the holding company of BPL Group, is set to launch BPL
 Digital, a new premium colour television brand, hearalding the
 convergence of internet and cellular services with the entertainment
 electronics industry.
 
 - BPL Ltd. will tie up with either Bang & Olufsen of Denmark or
 Loewe
 of Germany, leading European designer CTV lables, to roll out BPL
 Digital in 29, 32 and 34-inch screen sizes.
 
 - BPL Mobile has launched `Mumbai on Mobile', an information service
 that offers subscribers with the latest happenings in the city.
 
 - BPL Mobile Roamfree, the first roaming service to be launched in
 Kerala, will be available in Muscat, making it the seventh network
 to
 be launched.
 
 - BPL Mobile, one of the two cellular phone service providers in
 Tamil
 Nadu has tied up with ICICI Bank to enable its subscribers to access
 their ICICI Bank account through its `MobileInternet' service.
 
 - BPL Innovision group had entered into an agreement with more than
 300
 cable TV operators of Thrissur to form a joint venture company.
 
 - BPL has launched a high-end audio entertainment brand called
 Pro-Fx
 with the technology from Denon of Japan, world leaders in high-end
 digital audio.
 
 - BPL Ltd. has decided to rename one of its group companies, BPL
 Sanyo
 Technologies Ltd., as BST Ltd.
 
 - BPL has tied up with Denon of Japan who are world leaders in
 high-end
 digital audito for PRO FX, an entertainment brand promoted by BPL.
 
 - The Company has issued and allotted 4,000,000 Cumulative
 Redeemable
 Preference Shares of Rs. 100/- each, to certain Institutions/Bank on
 a
 private placement basis, consequent to which, the Preference Share
 Capital of the Company has increased to Rs. 90 crores from Rs. 50
 crore.
 
 - bplnet.com, the Internet company of the Nambiars-promoted BPL
 group,
 launched its Internet access services in Delhi and said that it will
 roll out its access services in four more cities in the first phase
 of
 expansion.
 
 - BPL Ltd is investing over Rs 10 to promote and build its new
 European
 colour television brand Evelux.
 
 - BPL Mobile has bagged the gold medal for corporate image at the
 annual International Advertising Festival of Montreux, one of the
 leading advertising festivals of Europe, held in Switzerland.
 
 - The Company has informed that, BPL PTI Ltd. has become a
 subsidiary
 of the company effective from 16th August, consequent to the
 transfer
 of 2,00,00,000 No. of equity shares of Rs. 10 each.
 
 - BPL Mobile launched India's first MobileInternet using General
 Packet
 Radio Service technology.
 
 - BPL has introduced a high end audio entertainment brand,  PRO FX.
 
 - BPL Telecom Ltd, the networking and information technology arm of
 BPL
 Ltd, has deployed earth stations for digital video broadcast using
 the
 4:2:2 compression technique.
 
 - BPL Telecom Ltd., the information technology and networking arm of
 BPL Ltd., has commissioned 19 `C' category Internet nodes spread in
 all
 district headquarters in Andhra Pradesh in a record of 20 days.
 
 2001
 
 -Launches an `e' initiative with a view to convert itself into an
 extended enterprise.
 
 -Governments announcement to award licences for the fourth cellular
 operator,
 
 - BPL Mobile has introduced MobileSelect, an innovative product for
 the
 premium user segment.
 
 - BPL has entered into a lease arrangement with Konkan Railway
 Corporation Ltd. for two pairs of optical fibre cables for the
 proposed
 backbone in the south-western region.
 
 - BPL Ltd has allotted secured redeemable NCDs of Rs 1 crore have
 been
 allotted to various banks/financial institutions on private
 placement
 basis.
 
 2001
 
 - The BPL Group will merge to create the biggest cellular company in
 the country before the end of the current calendar year. Sources
 said
 that leading accountancy and consultancy firm Arthur Andersen is
 undertaking a valuation of all the cellular circles of BPL to
 facilitate the big bang merger.
 
 - BPL chairman and managing director Ajit G Nambiar said expansion
 in
 the global market through acquisition of manufacturing units and even
 a
 foreign brand will be its key strategy to beat the economic
 recession. 
 
 - In a crucial move, BPL is planning to have a 50:50 joint venture
 with
 its technical collaborator Sanyo for its home appliances business. 
 The
 $20-billion Japanese major will now become a management partner
 --BPL-Batata combine plans IPO by year-end. The new entity, to be
 formed following the merger of BPL and the Tatas-Birla-AT&T, is
 likely
 to go public by the year-end.They are contemplating an IPO by
 Christmas, which may be a combination of domestic and international
 offerings.
 
 - BPL has tied up with Bangalore-based Forsee Multimedia and a New
 Delhi-based company to develop touch screen kiosks
 
 - The board of the BPL Ltd has cleared the organisation wide
 restructuring, which includes divestment from group companies'
 equity,
 financial reengineering and rightsizing the organisation.
 
 - BPL Communications has finally pulled out of the consortium
 comprising Sterling Infotech, Tycom and Century Tel bidding for VSNL
 divestment.
 
 2002
 
 -Seeked help of Ambit Finance Ltd as its exclusive strategic and
 financial adviser for its restructuring
 
 -BPL home appliances division has launched innovative Direct Cool
 Fridges catering to the mass market DC segment with the lauch of its
 new models.
 
 -BPL released its new pretty roaming products in the market.
 
 -BPL Telecom and Ericsson has joined hands together to distribute its
 range of enterprise products in India.
 
 - BPL-Sanyo's proposed 50:50 tie up in the home appliances business
 seems to be uncertain with  Sanyo's expecting control stake in the
 tie up
 
 - Deepak Varma has been made the president and chief executive
 officer (CEO) of BPL Mobile communications' Mumbai operations.
 
 -The Supreme Court on Monday dismissed a special leave petition (SLP)
 filed by the Mauritius-based CDC Financial Services one of the
 investors in BPL Communications.
 
 -Telecom software company Subex Systems Ltd has entered a contract
 with BPL Mobile to deploy its fraud management system, Ranger.
 
 -BPL Ltd has launched CARDIART 6208 multi channel thermal array
 recorder, Nebulisers that cater to asthmatic patients at clinics,
 hospitals and especially for home use.
 
 -BPL Ltd has developed a new sub-branding and market segmentation
 strategy.
 
 -BPL Mobile has tied up with Indiatimes, the Times of India group.
 
 -Launches its mega consumer promotion to leverage the expected World
 Cup Football sales upswing. The promotion branded 'BPL Colours of
 Brazil Shootout, is aimed at creating excitement around BPL Colour
 Televisions, encashing on the World Cup Football fever.
 
 -BPL Mobile has launched new services with Music Call, Movie Call and
 miNews.
 
 -BPL Mobile and ICICI Bank have engaged and tied up to enable to
 recharge of BPL's prepaid cellular service ability (branded `mots')
 at any of the bank's 1000 plus ATMs across the nation.
 
 -BPL Mobile has launched,Follow Me service that enables all
 pre-paid users partial roaming facilities.
 
 -The BPL has made sales of 3.38 lakh units of colour televisions in
 the first four months of calendar 2002.
 
 -Mr. Viswanath Nambiar has been co-opted as an Additional Director
 
 -The BPL Mobile and Citibank have joined hands to launch real-time
 mobile commerce application - electronic recharges for BPL Mobile
 Mots (pre-paid) subscribers.
 
 -Bharti Cellular launched its low-tariff Airtel mobile services in
 the city, the rivals BPL Mobile and Orange  had to cut their rates
 
 - Idea Cellular has tied up with Hutch and BPL which will offer
 reduced roaming airtime rates.
 
 - BPL Mobile and Navinmail jointly introduced two new products using
 the voice messaging platform-miVoice and MAPS (mobile answer phone
 service)-on 'Mots', the pre-paid card service of BPL Mobile.
 
 -BPL Mobile has launched the latest mobile messaging technology,
 multimedia messaging service (MMS) in Mumbai.
 
 -Introduces Multimedia Messaging Service (MMS) in Mumbai city
 
 - BPL Mobile has launched new airtime rates for its pre-paid service
 both for Mots and Mots Roamfree.
 
 -Mr. V A Raghu appointed as nominee Director w.e.f. September 30,
 2002.
 
 - BPL Mobile and TeliVoice, a Sabeer Bhatia promoted company, have
 globally introduced the Mobile Answer Phone Services (MAPS) for MOTS
 (mobile on the spot) subscribers of BPL.
 
 -Proposed merger of Idea Cellular with BPL Mobile falls through
 
 2003
 
 -The properties of the BPL group promoters TPG Nambiar and his son
 Ajit Nambiar have been attached through a conditional interim order
 passed by the city civil judge, Bangalore
 
 -Mr M Sasi has been appointed as Director (Finance & Corporate
 Planning) of the company (without any remuneration) for a period of
 two years, with immediate effect.
 
 -Unveiled laptops under the BPL brand and is likely to grow by 50 per
 cent this year.
 
 -Unit Trust of India, has informed them of the sale of 5,87,220
 shares of BPL Ltd. in the secondary market (aggregate sale from
 February 03, 2003 to September 16, 2003) and hence the current total
 holding is 7.69% of the paid up capital of the company carrying
 voting rights.
 
 -Mr. Sundararaman appointed as head-operations of its automation
 division
 
 -BPL has launched its range of color TV - i-Sort.
 
 -BPL and Voltas - have bagged the OEM deals from the $8.72 billion
 Chinese consumer appliance major - Haier.
 
 2004
 
 -For starters, the company's old-timer and CEO KS Jayanth Kumar has
 stepped down from full time service effective December 31, 2003.
 
  ICICI Bank Limited has withdrawn the nomination of Mr. P H Ravikumar
 from the Board of the Company and has nominated Mr. M Sudhendranath,
 in his place. b) Mr. K S Jayanth Kumar has resigned as the Director &
 Chief Executive Officer of the Company.
 
 BPL Limited has bagged the original equipment manufacturing deals
 from the Chinese white goods maker, Haier.
 
 -BPL tie up with Sanyo expires
 
 2005
 
 -Delist equity share from the Delhi Stock Exchange Association Ltd
 (DSE) w.e.f. March 31, 2005.
 
 -BPL, along with its associates, enters into MOU with Eveready
 Industries
 
 -BPL ties up with Sanyo for CTV venture
 
 2009
 
 -BPL Healthcare has partnered with Welch Allyn, a leading global
 manufacturer of frontline medical products and solutions,to provide
 easy access for medical practitioners, hospitals and the public
 health system at large in India to state-of-the-art products, world
 class service and localized training programs. 
 
 -The Company has entered into a Memorandum of Understanding (MOU)
 with the Government of Chhattisgarh for commissioning a 1x300 MW coal
 based thermal power station in the State of Chhattisgarh.
 
 -Bpl Limited has informed that Mr. Manoj U. Nambiar has been
 appointed as the Chief Financial Officer (CFO) of the Company.
 
 2011
 
 -Mr. Srinath Maniyal M has been appointed as the Company Secretary
 and Compliance Officer of the Company.
 
 -Payment of Dividend of Rs. 0.001 per share on 1,69,58,682 Preference
 Shares of Rs. 100/- each.
 
 2012
 
 -Payment of dividend of 0.001% ( i.e. Rs. 0.001 per share) on
 Preference Shares of Rs. 100/- each.