BPL Sanyo Utilities and Appliances (BPLSUAL) was incorporated in Feb.'89.It became a public limited company and a subsidiary of British Physical Laboratories India Limited (popularly known as BPL India), w e f Mar.'89. BPL india is the flagship company of the BPL group. The major companies in this group are Electronic Research, BPL Sanyo Technologies, BPL Electronics, Electronic Equipment Maintenance and Service Company and BPL Investment and Finance Company.
The BPL group is the only one in India to have technical and financial collaboration with Sanyo, Japan. It is the largest manufacturer of electronic products in the private sector. The group has factories in Kerala, Karnataka, Maharashtra and Uttar Pradesh. Besides, it has sales offices in all the major cities and state capitals all over India.
The company manufactures washing machines, vacuum cleaners and colour televisions in NOIDA, near New Delhi. It markets its products under the BPL brand, through an arrangement with its parent company. It is also setting up manufacturing facilities for washing machines and dish washers in Maddur, Karnataka. The company plans to widen its product range of domestic appliances to include microwave ovens and steam-type electric irons, manufactured under technical assistance from Sanyo, Japan. The group's existing network will market these products.
Due to first and second call of payment on 33,12,000 equity shares which is alloted on Nov'94, the paid up capital has increased to Rs 15.73 cr during 1995-96 from previous year of Rs 14.08 cr. The company has expanded the manufacturing capacity of washing machines from 1,75,000 nos to 2,50,000 nos per annum.
The company has introduced new models each in the Microwave Ovens and Vacuum Cleaners segment in 1998-99 and demand of which is likely to grow and consolidate during the next year.
During the year 1999-2000, the name of the company has been changed to B S Appliances Ltd (BSAL). As approved, three other companies viz; BPL Refrigeration Limited, BPL Sanyo Finance Limited and Alpha Securities Limited amalgamated with the company.
The company has invested substantially in product development during the year 2000-01.The company has also upgraded 3 out of 4 washing machines which has been introduced last year.
The Fixed Assets of the company were revalued during the year 2000-01 in order to capture its replacement cost.