Ltd. 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.

[1] The initial products were precision measuring instruments such as hermetic sealed panel meters for Bharat Electronics as a subcontract for Indian Army.

[2] 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.

[2] From 1980 onwards, when the industrial licensing was relaxed, BPL began manufacturing televisions and telecommunications equipment, demonstrating its potential and future business area.

Following economic liberalisation in India in 1991, BPL faced increased competition from South Korean companies LG and Samsung.

The amount was to pay statutory liabilities, unsecured, pressing creditors, dealers, credit balances, employee dues and working capital requirements, in part.

The BPL Group and Japanese electronics major Sanyo Electric Company Ltd formally started their 50:50 joint venture.

While unveiling the Joint Venture's plans, Sanyo-BPL Pvt Ltd Chairman and Chief Executive Officer, Ajit G Nambiar, said the company expected to post revenues of around ₹2,000 crore (equivalent to ₹50 billion or US$580 million in 2023) by 2009 and lead the market in consumer electronics and white goods in five years.

BPL concentrated 100% on Healthcare Business group which has its own manufacturing of electromedical equipment such as electrocardiography apparatus and patient monitors.