Bharat Electronics Ltd (BEL) is involved in the manufacture and distribution of strategic electronic goods mainly to Defense Services and Civilian markets in India and internationally. It was established up at Bangalore, India, by the Government of India under the Ministry of Defense in the year 1954 to meet the specific electronic needs of the Indian defence services. The company has grown gradually into a multi-technology, multi-product, multi-unit company catering to customers in diverse fields in India and abroad.
BEL's core business is to design, develop and manufacture a range of products in the following fields:
Defense Communication products
Electronic Warfare Systems
Tank & Armoured Fighting Vehicle Electronic Systems
Telecom, Broadcast Systems
BEL company has shipped a range of products and sub-assemblies exported includes radar warning receivers, LYNX II, composite communication system, night vision devices, IFF Interrogator, LRF, X-Ray tube, radar fingerprinting system, ESM system, versatile communication system (VCS), V/ultra high frequency (UHF) search receivers, shelters, printed circuit board (PCB) assembly, cable harness, components and mechanical assemblies. The company's non-defense products include e-governance systems, civil radars, integrated traffic management systems, homeland security products, solar power solutions, and broadcast and telecom systems; and PD and strategic products, EMI filters, anti-collision lights, silicon radiation detectors, passive vacuum devices, multichannel voice logging recorder systems, and digital multichannel data recorders.
It manufactures defense products such as defense communication products, electronic warfare systems, avionics, land-based radars, naval systems, electro-optics, tank and armored fighting vehicle electronic systems, C4I systems, shelters and masts, simulators, and batteries and weapon systems, ; microwave tubes and power modules, digital multichannel data recorders, microwave super components, and hybrid microcircuits; and microelectromechanical systems.
BEL which started as a single unit in Jalahalli, Bangalore, BEL has built its presence across the country by establishing eight other Units – in Ghaziabad, Machilipatnam, Panchkula, Kotdwara, Pune, Navi Mumbai, Chennai and Hyderabad. Their every Unit has a specific product mix and customer focus. BEL has also set up an extensive network of offices and service centres countrywide as well as two abroad offices – at New York and Singapore.
On April 2, 2018, BEL announced that it had reached a landmark turnover of more than Rs 10000 crore (Provisional & Unaudited) during 2017-18, maintaining the double-digit growth over the preceding years turnover of Rs 8825 crore. Bharat Electronics Limited (BEL) and Larsen & Toubro (L&T) signed an MoU on April 11, 2018, at Defexpo 2018 in Chennai to share their expertise in design, engineering, development and manufacturing to generate and produce products and systems to meet the requirement of the security services as well as for export markets.
On April 11, 2018, at Defexpo 2018, Chennai - Bharat Electronics (BEL) announced the launch of eight new products at Defexpo 2018 in Chennai. The products are - 100 Mbps Radio, Long Range Surveillance System, Chemical Agent Monitor (CAM), Multi-Purpose Reflex Weapon Sight, Secure Military Wireless Local Area Network, Multi-Function Hand Held Thermal Imager, Light Weight Composite Shelter and Mine Field Recording System. On April 12, 2018, Bharat Electronics Limited (BEL) and Mahindra Defense Systems Limited committed to a long-term business partnership through an MoU, at DefExpo 2018 in Chennai. The MoU was signed to jointly address the rising opportunities in the domestic market under the management initiatives of the Government of India, such as Make in India and the Export Promotion Policy of the Ministry of Defense to target the export market.
Bharat Electronics Limited Listings:
The BEL Equity Shares/stocks are listed on the National Stock Exchange of India Limited (the "NSE") and BSE Limited (the "BSE", together with the NSE, the "Stock Exchanges").
The Key Dates to be noted for BEL is:
March - The Year Ending Month
September - The AGM Date (Month)
August - Book Closure Date (Month)
As of May 2019 - Bharat Electronics Ltd, Management Team:
MV Gowtama - Chairman & Managing Director
Anandi Ramalingam - Director - Marketing
V Mahesh Director - R & D
Bhaskar Ramamurthi - Independent Director
Usha Mathur - Independent Director
Mukka Harish Babu - Independent Director
Vijay Shankar Madan - Independent Director
KM Shivakumaran - Director - Human Resources
Nataraj Krishnappa - Director
Koshy Alexander - Director - Finance
Vinay Kumar Katyal - Director
R K Shevgaonkar - Independent Director
Sharad Sanghi - Independent Director
Surendra Singh Sirohi - Independent Director
J Manjula - Part-Time Official Director
How BEL categorised under Electronics Sector and Equipment/Components Industry :
The electronics sector manufactures electronic equipment for the consumer such as mobile devices, circuit boards, and televisions; and industries electronics products, such as telecommunications, electronic components, equipment, industrial electronics and consumer electronics. Electronics companies produce electrical equipment, manufacture electrical components and sell items at retail to make their products available for consumers.
The Bharat Electronics Ltd are categorized under the Electronics Sector, Electrical Equipment/ Component Industry. This industry consists of companies that make a range of goods for a diverse customer base. Working structures involve high fixed costs. Copper, steel and aluminium are essential raw materials used in the production of products. (To be noted, fluctuations in commodities costs influence on the group's earnings performance.) The industry traverses all corners of the world, and it is subjected to the impact of the macroeconomic cycle.
BEL’s Competitors and Sector Peers:
Alacrity Electronics Ltd. - ALAELE
Apollo Micro Systems Ltd. - APOMIC
Ashco Niulab Industries Ltd. - ASHIND
Asian Electronics Ltd. - ASIAEL
Atcom Technologies Ltd. - ATCTEC
BCC Fuba India Ltd. - BCCFUB
BPL Engineering Ltd. - BPLENG
Centum Electronics Ltd. - SOLCEN
Circuit Systems (India) Ltd. - CIRSYS
Cosmo Ferrites Ltd. - COSFER
Delta Magnets Ltd. - GPELEL
Fine Line Circuits Ltd. - FINLIN
Five Core Electronics Ltd. - FIVCOR
Genus Power Infrastructures Ltd. - GENPOW
Gujarat Poly Electronics Ltd. - GUJPOL
Hind Rectifiers Ltd. - HINREC
Hotline Teletube & Components Ltd. - HOTTEL
Hyderabad Flextech Ltd.[Merged] - HYDFLE
Innovative Ideals and Services (India) Ltd. - INNIDE
Integrated Technologies Ltd. - INTTEC
JCT Electronics Ltd. - JCTELE
Linaks Micro Electronics Ltd. - LINMIC
Madras Hi-Tech Circuits Ltd. - MADHI
Maestros Electronics & Telecommunications Systems Ltd. - MAEELE
Maruti Telstar Industries Ltd. - MARTEL
Mehai Technololgy Ltd. - MEHTEC
MIC Electronics Ltd. - MICELE
Namtech Electronic Devices Ltd. - NAMELE
Pan Electronics India Ltd. - PANELE
Pervasive Commodities Ltd. - STAREL
PG Electroplast Ltd. - PGELEL
Positive Electronics Ltd. - POSELE
Pulz Electronics Ltd. - PULELE
Rama Vision Ltd. - RAMVIS
Ruttonsha International Rectifier Ltd. - RUTTIN
Samtel Color Ltd. - SAMCOL
Samtel India Ltd. - SAMTIN
Solectron EMS India Ltd.[Amalgamated] - SOLEMS
SPEL Semiconductor Ltd. - SPESEM
Surya Industrial Corporation Ltd. - SURYAI
Thakral Services (India) Ltd. - THASER
UMS Technologies Ltd. - UMSTEC
Zicom Electronic Security Systems Ltd. - ZICELE
Outer Ring Road Nagavara Bangalore, 560 045 India.