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Friday, June 19, 2020

BPL























British Physical Laboratories, doing business as BPL Ltd., is an Indian electronics company. It makes health care equipment. It was founded in 1963 in Palakkad, Kerala, and is headquartered at Bangalore, Karnataka.

History

Laboratories was founded in 1963, during the Licence Raj, by T. P. G. Nambiar in Palakkad, Kerala, as a company for manufacturing hermetically sealed precision panel meters for the defence forces. Nambiar had worked in the United Kingdom and United States, and when he returned to India, he desired to create a company that manufactured high-quality electronic products, and he wanted to make BPL a household name.
BPL initially expanded its medical product ranges to include electrocardiographs and patient-monitoring systems. After the 1982 Asian Games, BPL expanded its range further and manufactured colour televisions and video cassette recorders, and later refrigerators, batteries and other consumer electrical equipment.
The company headquarters was moved to Dynamic House, Church Street, Bangalore. From medical electronics, it expanded into consumer electronics, telecommunications, soft energy and electronic components.

1980s

From 1980 onwards, when the industrial licensing was relaxed, BPL began manufacturing televisions and telecommunications equipment, demonstrating its potential and future business area. It began collaborating with the Japanese Sanyo Electric Company in the early 1980s with a technology-transfer agreement. In the early 1990s, after globalisation and liberalization of the Indian economy, competition entered the market. BPL retained its strong presence and growth rate. During the late 1990s, the company's annual revenue peaked at 4,300 crore (equivalent to 160 billion or US$2.2 billion in 2019).
BPL concentrated on importing technology, improving product quality, innovations and manufacturing of electronic products. In late 1980s, BPL had metamorphosed from an entrepreneurial venture, into India's biggest consumer electronics & telecommunication company.
Following economic liberalisation in India in 1991, BPL faced increased competition from South Korean companies LG and Samsung. Internal disputes within the controlling family took away attention from external threats, and the company's fortunes declined.By 2004, BPL and Sanyo were facing serious financial problems due to intense competition in the global electronics market.In 2005, the companies announced a joint-venture, and BPL transferred its colour television business, then worth US$80 million, to the new venture.
BPL was restructured with a focus on energy, healthcare, consumer electronics and home security systems.

Performance

BPL Ltd has reported a net loss of 34.76 crore (equivalent to 90 crore or US$13 million in 2019) in the second quarter of fiscal 2005-06, on gross sales of 34.71 crore (equivalent to 90 crore or US$13 million in 2019). Operating losses were at 13.91 crore (equivalent to 36 crore or US$5.0 million in 2019).
Gross sales were 64.45 crore (equivalent to 176 crore or US$25 million in 2019) in the corresponding period during 2004-05 while net loss was at 41.59 crore (equivalent to 114 crore or US$16 million in 2019).
According to the company, the promoters have brought in 50.08 crore (equivalent to 137 crore or US$19 million in 2019) as contemplated in the corporate debt restructuring scheme. The amount was to pay statutory liabilities, unsecured, pressing creditors, dealers, credit balances, employee dues and working capital requirements, in part.
In respect to the auditors' qualification of the company's accounts for the period ended 31 March 2005, about undisputed amounts payable in respect of income-tax (4.44 crore (equivalent to 12 crore or US$1.7 million in 2019)), dividend tax (2.51 crore (equivalent to 6.9 crore or US$960,000 in 2019)), wealth tax (0.11 crore (equivalent to 3.0 million or US$42,000 in 2019)), TDS (6.77 crore (equivalent to 19 crore or US$2.6 million in 2019)) and customs duty (1.68 crore (equivalent to 4.6 crore or US$640,000 in 2019)).
The balance in customs duty would be paid once the financial restructuring is completed and normalcy of operations is achieved, according to the company.

Xiaomi MI



Xiaomi Corporation is a Chinese electronics company founded in April 2010 and headquartered in Beijing. Xiaomi makes and invests in smartphones, mobile apps, laptops, bags, earphones, shoes, fitness bands, and many other products. Xiaomi is also the fourth company after Apple, Samsung and Huawei to have self-developed mobile phone chip capabilities.
Xiaomi released its first smartphone in August 2011 and rapidly gained market share in China to become the country's largest smartphone company in 2014.At the start of second quarter of 2018, Xiaomi was the world's fourth-largest smartphone manufacturer, leading in both the largest market, China, and the second-largest market, India. Xiaomi later developed a wider range of consumer electronics, including a smart home (IoT) device ecosystem, which has connected more than 100 million smart devices. Monthly active users (MAUs) of MIUI increased to 291.6 million in September 2019.
Xiaomi has 16,700 employees worldwide. It is expanding to other markets including Greater China, India, Japan, Russia, South Korea, South Africa and most countries and regions in Southeast Asia and Western Europe. According to Forbes magazine, Lei Jun, the founder and CEO, has an estimated net worth of US$12.5 billion. Xiaomi is the world's 4th most valuable technology start-up after receiving US$1.1 billion funding from investors, making Xiaomi's valuation more than US$46 billion. Ranked 468th, Xiaomi is the youngest company on Fortune Global 500 list for 2019. In 2019, Xiaomi's mobile phone shipments reached 125 million units, ranking fourth globally and first in India since 2018. The company was listed at the Hong Kong Stock Exchange since 2018.

VIDEOCON



Videocon Industries Limited was a large diversified Indian company headquartered in Mumbai. The group has 17 manufacturing sites in India and plants in Mainland China, Poland, Italy and Mexico. It was the third largest picture tube manufacturer in the world. The group is a US$5.5 billion global conglomerate. Videocon has various brands under its portfolio.
Videocon Industries Private Limited
Traded asBSE532129
NSEVIDEOIND
IndustryConglomerate
Founded1979; 41 years ago
FounderVenugopal Dhoot[1]
Headquarters ,
India
Area served
Worldwide
Key people
Venugopal Dhoot
(Chairman & MD)[1]
ProductsConsumer Electronics
Home Appliances
Components
Office Automation
Mobile phones
Wireless
Internet
Petroleum
Satellite television
Power
RevenueDecrease ₹12,828.6 crore
(US$1.95 billion) (2017)[2]
Decrease ₹1,915.67 crore
(US$291 million) (2017)[2]
Total assets₹35,738.5 crore
(US$5.43 billion) (2017)[2]
Total equity₹8,391.07 crore
(US$1.27 billion) (2017)[2]
Number of employees
10,000 (2012)
SubsidiariesKenstar
Connect Broadband
Videocon Consumer Electronics & Home Appliances
Electrolux India
Hyundai Electronics India
Websitewww.videoconindustriesltd.com

Early years

In 1985, Aurangabad based Nandlal Madhavlal Dhoot founded and incorporated Videocon International with a goal of manufacturing 1 lakh TV sets per year. "Videocon became the first company to bring colour TVs in India," claims Anirudh Dhoot, the founder's grandson (and Venugopal Dhoot's son) and Videocon's current director.

Corporate profile

The Videocon group's core areas of business are consumer electronics and home appliances. They have recently diversified into areas such as DTH, power and oil exploration.

Consumer electronics

In India, the group sells consumer products like colour televisions, washing machines, air conditioners, refrigerators, microwave ovens and many other home appliances, through a multi-brand strategy with the largest sales and service network in India.
Since the entry of Korean Chaebols and their rising popularity in the Indian market, Videocon from a stand-point of market leader has seen a slow decline to become a no. 3 player in India. The company continues to do well in the washing machine and refrigerator segment.

Mobile phones

In November 2009, Videocon launched its new line of mobile phones. Videocon has, since launched a number of handsets ranging from basic colour FM phones to high-end Android devices. In February 2011, Videocon Mobile Phones launched the hitherto unknown concept of 'Zero' paise (1 paisa is the 100th unit of 1 Indian Rupee) per second with bundled SIM cards of Videocon mobile services for 7 of its handset models.
In July 2015, Videocon Mobiles launched its own flagship smartphone Videocon Infinium Z51+ in India.
On 7 June 2016, Videocon Mobile launched its new smartphone 'Videocon Cube3 V50290' in India. It includes features like 12.7 cm (5 inches) screen with 5 Multi-Touch Point, Dragontrail X 2.5D Curved Glass, Quad Core 64-bit Processor, Smart Gesture Support, 3000mAh battery, Android 6.0 Marshmallow OS, 4G with VoLTE, 13MP Rear + 5MP Front Camera with LED Flash.

DTH

In 2009, Videocon launched its DTH product, called d2h. As a pioneering offer in the Indian DTH market and introduced first radio frequency remote in India, Videocon offered LCD & TVs with built-in DTH satellite receiver with sizes 19" to 42". This technology is known as DDB. It provides service with lesser transmission losses resulting in richer picture and sound quality. It also eliminates the need for separate set-top-box and its remote. Videocon is the first brand to introduce DDB technology in India. The unit was sold to Dish TV in 2018.

Telecommunication

Videocon Telecommunications Limited has a licence for mobile service operations across India. It launched its services on 7 April 2010 in Mumbai. The company closed its mobile services in 2017 after spectrum sale to Bharti Airtel. It continues it wired internet services under Connect Broadband brand.

Retail

Videocon owns three retail brands : Planet M, DigiWorld and Next.

Petroleum

Videocon Petroleum has 25% stake in Ravva oil field which is operated by Cairn India in Andhra Pradesh.

Acquisition of CPT arm of Thomson SA

Videocon acquired the colour picture tube (CPT) businesses from Thomson S.A. of France having manufacturing facilities in Poland, Italy, Mexico and China along with support research and development facilities in the fiscal year 2005. The acquisition catapulted Videocon into the No. 3 slot in the global pecking order for CPTs.
In 2005, Videocon Group took over Philips colour TV plant and took over three plants of Electrolux India. Today, it has evolved into a conglomerate with annual revenues of over US$4.8 billion.

Awards and recognition

  • According to the Brand Trust Report 2012 published by Trust Research Advisory, a brand analytics company, Videocon's was positioned 51st among India's most trusted brands. Subsequently, in Brand Trust Report 2013, Videocon was ranked 25th among the most trusted brands in India while according to the Brand Trust Report 2014, L&T was elevated to the 17th position among India's most trusted brands.
  • Videocon Industries Limited has been awarded the National Energy Conservation Award for 2013 in appreciation of its continuous efforts in R&D and product up-gradation by implying new and innovative energy saving practices resulting to achievement in Energy Conservation in the category of BEE Star Labelled Appliances (Refrigerator) for strict adherence to the BEE standards set up by the Bureau of Energy Efficiency.
  • Videocon won the 1st prize for best Manufacturers of BEE Star Labeled Appliances, in the refrigerator category, at the National Energy Conservation Award – 2015. Organized by the Bureau of Energy Efficiency, the award aims at giving national recognition to companies who have made significant contributions in creating awareness towards and production of energy efficient appliances.