BPL India: A study of what went wrong

Abstract

BPL limited setting up a target of 108 crores in healthcare business is quite bullish on the market condition especially in healthcare segment. With the order book over 130% of their capacity they are looking at Nepal and Sri Lanka as their potential export target. With the eye to foray into alternative energy the company is putting its efforts together to revive itself after many turbulent years of its operations. BPL was engaged in battle of control of BPL Telecom which was taken deceitfully by Rajeev Chandrasekhar, son-in-law of founder TPG Nambiar, as alleged by him. After out of court settlement in 2005, Ajit Nambiar, current chairman is trying to structure the debt of the company by proceeds from sale of stakes in BPL Telecom and raising the fund from abroad.