Bharat Electronics

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Bharat Electronic Limited
TypeState-owned enterprise Public company
Traded asBSE500049
NSEBEL
FoundedBengaluru, India (1954)
HeadquartersBengaluru, India
Number of locations9 factories
Key peopleShri S K Sharma (Chairman and MD)
Revenue6500 crore Rupees (2012))[1][not in citation given]
Net income11.24 billion Rupees (2012))[1][not in citation given]
Employees12000 (March 2009)[2]
Websitewww.bel-india.com
 
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Bharat Electronic Limited
TypeState-owned enterprise Public company
Traded asBSE500049
NSEBEL
FoundedBengaluru, India (1954)
HeadquartersBengaluru, India
Number of locations9 factories
Key peopleShri S K Sharma (Chairman and MD)
Revenue6500 crore Rupees (2012))[1][not in citation given]
Net income11.24 billion Rupees (2012))[1][not in citation given]
Employees12000 (March 2009)[2]
Websitewww.bel-india.com

Bharat Electronics Limited (BEL) is a state-owned electronics company with about nine factories, and few regional offices in India.

It is owned by the Indian Government & primarily manufactures advanced electronic products for the Indian Armed Forces. BEL is one of the eight PSUs under Ministry of Defence, Government of India. It has even earned the government's Navratna status.

As of 1 April 2012, BEL's order book is estimated to be around INR257 billion (US$4.3 billion).[2]

Products[edit]

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)

Locations[edit]

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

Regional offices
Liaison Offices

Subsidiary[edit]

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, India and earned aggregated revenue of INR516 million (US$8.6 million) during fiscal 2007.[5]

Joint Ventures[edit]

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.[citation needed]

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[edit]

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. Recently this 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 Bangalore and Mumbai Stock Exchanges took place in same year-1992.

These include Command & Control System, Air Space Management Multi Sensor Tracking, Situation Simulator and Tactical Algorithm for Air Defence applications; Battlefield Management System and an all-weather 24x7 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 Hand Held Compass and 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[edit]

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 were spent of society related initiatives. BEL has set up an Electronics Gallery at Visveswariah Industrial and Technological Museum in Bangalore and chennai. BEL encourages culture of community initiative at its manufacturing unit level and ensures all the employees take part in these initiatives.[10]

Recent Development[edit]

Bharat Electronics is forming some joint ventures to achieve technical excellence. Bharat Electronics Limited has set up a Joint 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 BHEL (Bharat Heavy Electricals Limited) to set up a joint venture to make solar photovoltaic components. BEL has signed a memorandum of understanding (MOU) with Indus Teqsite, Chennai for the design and development of digital subsystems for its equipment, test systems for its radars, avionics and electronic warfare. BEL signed another MOU with a French company Thales International to set up a joint venture for civilian and defence Radars.[11] BEL has signed an MoU with Textron Systems,for providing Micro-observer Unattended Ground Sensor (UGS) systems to the Indian security agencies.[12]

Financial Indicators[edit]

As per the 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. In revenue it is quite 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.[11]

Customer Coordination Cell[edit]

Recently BEL has set up the Customer Coordination Cell. The customers of BEL consisting of Army, Navy, Air Force, Paramilitary, Coast Guard, 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 through phone, fax or the Internet

References[edit]

External links[edit]