Bharat Electronics Limited

Bharat Electronics Limited
Native name
भारत इलेक्ट्रॉनिक लिमिटेड
State-owned enterprise
Traded as BSE: 500049
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]
15.15 billion (US$230 million) (2015) [1]
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]

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.


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

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


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

Liaison offices


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:

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.

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.

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 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.



External links

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