Bharat Electronics Limited

Bharat Electronics Limited

Native name	भारत इलेक्ट्रॉनिक लिमिटेड
Type	State-owned enterprise
Traded as	BSE: 500049 NSE: BEL
Industry	Aerospace and defence
Founded	Bangalore, Karnataka, India in (1954)
Headquarters	Bengaluru, Karanataka, India
Key people	M V Gowtama (Chairman and CEO)
Products	Avionics, radars, weapon systems, C4I systems, electronic voting machines, etc.
Revenue	₹70.93 billion (US$1.1 billion) (2015) [1]
Operating income	₹15.15 billion (US$230 million) (2015) [1]
Net income	₹11.97 billion (US$180 million) (2015) [1]
Total assets	₹152 billion (US$2.3 billion) (2015) [1]
Total equity	₹78.85 billion (US$1.2 billion) (2015) [1]
Owner	Government of India
Number of employees	9952 (March 2014)[1]
Website	www.bel-india.com

Bharat Electronics Limited (Hindi: भारत इलेक्ट्रॉनिक लिमिटेड; IAST: Bhārat ilekṭrawnik limiṭeḍ) (BEL) is an Indian state-owned aerospace and defence company with about nine factories, and few regional offices in India.

It is owned by the Indian Government and primarily manufactures advanced electronic products for the Indian Armed Forces. BEL is one of nine PSUs under the Ministry of Defence of India. It has been accorded Navratna status by the Government of India. U On 1 April 2016, BEL's order book was estimated to be around Rs.300 billions.

Products

Scale Model of BEL Weapon Locating Radar

BEL Battle Field Surveillance Radar(BFSR-SR)

BEL designs, develops and manufactures products in the fields of:

• Electronic voting mMachines
• Voter-verified paper audit trail^[2]
• Radars
  • BEL Weapon Locating Radar
  • BEL Battle Field Surveillance Radar
  • Indian Doppler Radar
  • Samyukta Electronic Warfare System
  • Central Acquisition Radar (3D-CAR)
  • Reporter Radar
• Telecommunications
• Sound and vision broadcasting
• Opto-electronics
• Information technology
• Semiconductors
• Missiles
  • Akash (missile)
• Sonars
• Composite Communication System (CCS)
• Fire-control system
• Radar
• Electronic warfare systems
  • Samyukta electronic warfare system
  • F-INSAS
• Simulators
• Tank electronics
  • Combined day sight for Arjun MBT
• Defence communications
  • Data Link II communications system for the Indian Navy's P-8I
  • Combat management system for Indian Navy
• Solar systems
• Naval systems
• ADC&RS
• IACCS
• A low-cost tablet PC being used in the Socio-economic Caste Census 2011
• Biometrics Capturing for Nation Population Register
• Encrypters for the Ministry of Home Affairs
• IFF (Identify Friend or Foe) secondary radar
• VHF radio
• IEMC (Internal Environment Monitoring & Control) [earlier called SSMC]

Some products are manufactured by Bharat Electronics Ltd. with help of ToT (Transfer of Technology).

Locations

Units of Bharat Electronics Limited are in the following cities of India:

• Bangalore (corporate head office and factory), Karnataka
• Chennai, Tamil Nadu
• Panchkula (Haryana)
• Kotdwara, (Uttarakhand)
• Ghaziabad, (Uttar Pradesh)
• Pune
• Hyderabad, Telangana
• Navi Mumbai support centre^[3]
• Vishakhapatnam
• Kolkata
• Machilipatnam, Andhra Pradesh

Liaison offices

• Agra
• New York City
• Singapore

Subsidiary

BEL Optronic Devices Ltd

BEL Optronic Devices Ltd. is a subsidiary company of BEL and is a public sector undertaking (PSU) of the Government of India. It was founded in 1990^[4] with the aim of conducting research, development and manufacture of image intensifier tubes and associated high voltage power supply units for use in military, security and commercial systems. The company is headquartered in Pune and earned aggregated revenue of ₹516 million (US$7.7 million) during the fiscal year 2007.^[5]

Joint ventures

BEL Thales Limited BEL Thales Limited was set up in 2015..

GE-BE Pvt Limited

GE-BE Pvt Limited was set up in 1997 as a joint venture between Bharat Electronics Limited and General Electric Medical System. The facility based at Whitefield, Bangalore, manufactures X-ray tubes for RAD & F and CT systems, as well as components such as high voltage tanks and detector modules for CT systems. The products are exported worldwide and meet the safety and regulatory standards specified by FDA, CE, MHW, AERB and the facility has been accredited with ISO-9001; ISO-13485 and ISO-14001 certifications. GE-BEL also markets the conventional X-ray tubes made at the Pune unit of BEL. The turnover of GE-BEL during 2004–2005 was over Rs. 4.50 billion (US$97 million) including an export of over Rs. 4.30 billion (US$92 million). The company has been recognised for its outstanding export performance since 1998 by the Export Promotion Councils.

BEL – Multitone Ltd

BEL and Multitone, UK, offer mobile communication products for the workplace. Multitone invented paging in 1956 when it developed the world's first system to serve the "life or death" environment of St Thomas' Hospital, London. Brief details of the products are:

• Access 700 one-way speech paging system which supports 100 pagers.
• Access 1000/3000 radio paging system which supports 1500/5000 users.
• Computer radio integration units.
• Digital cordless communication system.

Development timeline

Starting with the manufacture of a few communication equipment in 1956, BEL started producing receiving valves in 1961, germanium semiconductors in 1962 and radio transmitters for AIR in 1964.

• In 1966, BEL set up a radar manufacturing facility for the army and in-house R&D. In 1967, BEL began manufacturing transmitting tubes, silicon devices and integrated circuits. The PCB manufacturing facility was established in 1968.
• In 1970, BEL started making black & white TV picture tubes, X-ray tubes and microwave tubes. In 1971, BEL set up facilities for the manufacture of integrated circuits and hybrid micro circuits. 1972, BEL established manufacturing facilities for TV transmitters for Doordarshan. In 1973, BEL began manufacturing frigate radars for the navy.

Under the government's policy of decentralisation and due to strategic reasons, BEL set up new units at different location across the country. The second unit of BEL was set up at Ghaziabad in 1974 to manufacture radars and Tropo communication equipment for the Indian Air Force. The third unit was established at Pune in 1979 to manufacture image converter and image intensifier tubes.

• In 1980, the first overseas office of BEL was set up in New York for the procurement of components and materials.
• In 1981, a manufacturing facility for magnesium manganese dioxide batteries was set up at Pune. The Space Electronic Division was set up at Bangalore to support the satellite programmes in 1982. That year, BEL achieved a turnover of Rs. 1 billion (US$21 million).
• In 1983, the Andhra Scientific Company (ASCO) was taken over by BEL converted it to its fourth manufacturing unit at Machilipatnam. In 1985, the fifth unit was set up in Chennai for supply of tank electronics, with proximity to HVF, Avadi. The sixth unit was set up at Panchkula the same year to manufacture military communication equipment.
• In 1986, BEL set up three units. Its seventh unit was set up at Kotdwara to manufacture switching equipment, the eighth unit to manufacture TV glass shell at Taloja (Navi Mumbai) and the ninth unit at Hyderabad to manufacture electronic warfare equipment.
• In 1987, a separate Naval Equipment Division was set up at Bangalore to give greater focus to naval projects. The first Central Research Laboratory was established at Bangalore in 1988 to focus on futuristic research and development.
• In 1989, BEL started manufacturing telecom switching and transmission systems and also the set up the Mass Manufacturing Facility in Bangalore and the manufacture of the first batch of 75,000 electronic voting machines.

The agreement for setting up BEL's first joint venture company, BE DELFT, with M/s Delft of Holland, was signed in 1990. This later became a subsidiary of BEL with the exit of the foreign partner and has been renamed BEL Optronic Devices Limited.

The second Central Research Laboratory was established at Ghaziabad in 1992. The first disinvestment (20%) and listing of the company's shares in the Bangalore and Mumbai Stock Exchanges took place in same year-1992.

• In 1996, BEL achieved Rs 10 billion (US$215 million) turnover.
• In 1997, GE BEL, the second joint venture company with M/s GE, USA, was formed as also the third JVC with M/s Multitone, UK, BEL Multitone. The same year, the US imposed supply restrictions on BEL.
• In 1998, BEL set up its second overseas office at Singapore to source components from South East Asia. In the same year US and Europe imposed sanctions on BEL. The company was able to overcome the effects of the sanctions and kept up the promised deliveries to customers.
• In 2000, BEL reorganised its Bangalore unit into six Strategic Business Units (SBUs). The R&D groups in Bangalore were also restructured into Specific Core Groups and Product Development Groups. The same year, BEL shares were listed in the National Stock Exchange.
• In 2002, BEL became the first defence PSU to achieve operational Mini Ratna Category I status. In 2003, the company's turnover crossed the Rs. 25 billion mark (US$540 million). In 2005, BEL had a turnover of Rs. 32.20 billion (US$695 million). BEL achieved a turnover of Rs. 35.60 billion (US$767 million) in 2005–06.
• On 12 May 2010, Boeing announced that it received the Data Link II communications technology for the Indian Navy’s P-8I from Bharat Electronics Limited (BEL) in April, one month ahead of schedule. BEL delivered the Indian-designed communications system that will enable exchange of tactical data and messages between Indian Navy aircraft, ships and shore establishments. Boeing will install the system during P-8I final assembly.^[6]
• In 2011, the Indian government-owned Bharat Electronic Limited (BEL) showcased its entire range of C4ISR capabilities including network centric warfare technologies developed in-house at Aero India 2011. These include command and control system, air space management multi sensor tracking, situation simulator and tactical algorithm for air defence applications; battlefield management system and an all-weather 24/7 coastal surveillance system.

In addition, new products and technologies including software defined radios, next generation bulk encryptor and high data tactical radio were also on show. Airborne products displayed included radar finger printing system, data link, digital flight control computer and identification friend or foe. Also on display were the complete range of opto-electronic equipment, including night vision devices, digital handheld compass and an advanced land navigation system.

BEL is the lead integrator of Akash, the Indian-made guided missile air defence weapon system. Another major system is weapon locating radar, the state-of-the-art passive, phased array radar which has undergone successful user trials by the Indian defence forces.

Corporate social responsibilities

BEL is involved in various community development initiatives wherever it is present across India. The BEL has its own educational institutions among them one is special school for the mentally challenged students. It has set up hospital, creche and other welfare measures for its employees and their dependants.

BEL assigns some resources for social causes. When it completed 50 years of existence it allocated a good amount of funds for celebration. Approximately Rs 40 million was spent on society related initiatives. BEL has set up an Electronics Gallery at the Visveswariah Industrial and Technological Museum in Bangalore and Chennai.

BEL encourages a culture of community initiative at its manufacturing unit level and ensures all employees take part in these initiatives.^[7]

Recent development

Bharat Electronics is forming some joint ventures to achieve technical excellence. Bharat Electronics Limited has set up a goint venture with General Electric (GE) USA, for manufacturing high voltage tanks and detector modules for computed tomography (CT) scan systems and advanced level of X-ray tubes. The company is in the process of joining with Bharat Heavy Electricals Limited (BHEL) to set up a joint venture to make solar photovoltaic components. BEL has signed a memorandum of understanding with Indus Teqsite, Chennai, for the design and development of digital subsystems for its equipment, test systems for its radars, avionics and electronic warfare, and another with the French company Thales International to set up a joint venture for civilian and defence radar.^[8] BEL has signed a memorandum of understanding with Textron Systems to provide nicro-observer unattended ground sensor (UGS) systems to the Indian security agencies.^[9]

Financial indicators

According to a report published by Crisil Research on 21 April 2011, the revenue of company has increased but EBITDA margins have reduced significantly from 24.6% in March 2009 to 16.8% in March 2010. Its revenue it is bigger than its peer competitors like Astra Microware Products Limited, Gemini Communications Limited and Sterlite Technologies Limited. BEL's EBITDA margin is lower than Astra and Gemini though they are small in size. The reason for increased top line growth is the increased expenditure on defence by Government of India. Last three years PAT remains stable because of lower interest rate and forex gain of close to Rs 700 million compared to forex loss in FY 09 of Rs 445.2 million.^[8]

Customer Co-ordination Cell

Recently BEL has set up a Customer Co-ordination Cell. The customers of BEL comprise members of the Army, Navy, Air Force, paramilitary, Coast Guard (India, Seychelles, Maldives, Sri Lanka), police, Doordarshan, All India Radio, Department of Telecommunications and consumers of professional electronic components are allowed to register their complaints with the Customer Co-ordination Cell by phone, fax or the Internet.

References

Notes

Sources

• BEL: history
• Annual results 2010–11

External links

• BEL India official website
• BEL eProcurement
• fas.org
• globalsecurity.org
• Annual results