BPL founder T P Gopalan Nambiar passes away

Nambiar, a pioneer successful the user electronics assemblage successful 80s and 90s, founded BPL successful 1963, during the ‘Licence Raj’. The institution initially manufactured hermetically sealed precision sheet meters for the Indian defence forces. His imaginativeness led to the constitution of BPL’s archetypal manufacturing installation successful Palakkad, Kerala, but aboriginal shifted its basal to Bengaluru.

Led by Nambiar, BPL expanded its merchandise enactment to see colour televisions, fridges, washing machines, video cassettes and different physics devices, becoming a elephantine successful India’s physics assemblage by the 1990s.

However, the institution faced accrued contention from South Korean companies LG and Samsung pursuing economical liberalisation successful India successful 1991. Internal disputes wrong the controlling household further contributed to the company’s decline.

Despite challenges, Nambiar’s bequest remains unchanged. He built 1 of India’s astir trusted user brands, which remains fashionable adjacent today. His son, Ajit Nambiar is presently serves arsenic Chairman and CEO of BPL, which is listed connected the banal exchanges.

In the aftermath of economical liberalisation successful India successful 1991, BPL faced accrued contention from South Korean companies similar LG and Samsung. Adding to the BPL’s woes, interior disputes wrong the controlling household took distant attraction from outer threats, and the company’s fortunes declined.

By 2004, BPL and its spouse Sanyo were facing superior fiscal problems owed to aggravated contention successful the planetary electronics market. In 2005, the companies announced a 50:50 joint-venture, and BPL transferred its colour tv business, past worthy $ 80 million, to the caller venture.

The partners, who had shared a long-standing narration since 1982, had been disconnected the marketplace for astir 2 years, going done immoderate pugnacious times. In the twelvemonth 2006, they decided to get backmost successful enactment unneurotic to regain mislaid marketplace share.

Nambiar took son-in-law Rajeev Chandrasekhar to the Company Law Board (CLB) successful Chennai to asseverate the ownership of BPL Telecom. The CLB dismissed the entreaty and Nambiar and Chandrasekhar aboriginal reached an out-of-court settlement.

Chandrashekhar said connected X: “It is with large sadness that I pass you each astir the passing distant of my father-in-law TPG Nambiar, Chairman BPL Group. He was a existent visionary and built 1 of India’s astir trusted user brands that remains fashionable to this day. I americium pausing my predetermination run enactment and returning to Bengaluru to beryllium with my family.”

“Sad to larn of the passing of TPG Nambiar, visionary Kerala industrialist who ushered successful a caller section successful electronics manufacturing present by mounting up a state-of-the-art installation astatine Palakkad aft acquiring British Physical Laboratories successful 1961, renamed BPL Limited. A existent pioneer who remains an inspiration,” said Shashi Tharoor, MP.