| Type | Public Sector Undertaking |
|---|---|
| Industry | Ministry of Heavy Industries and Public Enterprises (India) |
| Founded | 1970 |
| Headquarters | Allahabad, India |
| Key people | Abhay Kumar Jain (Chairman & Managing Director) |
| Products | Reciprocating pump Centrifugal pump Reciprocating compressor Gas cylinder |
| Employees | 1070 (2010) |
| Website | www.bharatpumps.co.in |
Bharat Pumps & Compressors Limited (BPC) is a Mini Navratna Company, Public Sector Undertaking (PSU) of the Government of India. The company manufactures Reciprocating pumps, Centrifugal pumps, Reciprocating compressors, and high pressure seamless Gas cylinders. Headquarter in Allahabad.
Bharat Pumps and Compressors Ltd (BPC), was set up in 1970 to cut the country’s dependence on import of hi-tech equipment like pumps and compressors for use in critical areas like oil & gas exploration, refineries, chemical & fertilizer plant and nuclear plants. Unfortunately, the company was unable to make profits. Eventually, it turned sick and was referred to the Board for Industrial and Financial Restructuring (BIFR). BPC’s losses had accumulated to 17,529 lakh (US$333.1 million) as on March 31, 2005 and the net worth had turned negative at 12,161 lakh (US$231.1 million). The company was referred to the BIFR and was on the verge of being closed down after 35 years of operations.
The company has seen a dramatic turnaround in its performance from the financial year 2005-06. The company’s profit before tax (PBT) in the financial year 2006-07 was 1,914 lakh (US$36.4 million), which increased to 3,109 lakh (US$59.1 million) in 2009-10. During the same period, our net worth increased from 5,696 lakh (US$108.2 million) to 12,406 lakh (US$235.7 million). The turnover went up to 27,112 lakh (US$515.1 million) in 2009-10 from 14,372 lakh (US$273.1 million) in 2006-07.