Bharat Electronics (BEL) is a multi-product, multi-technology, multi-unit company serving the needs of customers in diverse fields in India and abroad, with a focus on defence. It was established in Bangalore by the government of India under the Ministry of Defence in 1954 to meet the specialized electronic needs of the Indian defence services. The chairman and managing director is V.V.R. Sastry. BEL offers products and services in technologies like radars, military communications, naval systems, electronic warfare systems, telecommunications, sound and vision broadcasting, opto-electronics, tank electronics, solar photovoltaic systems, embedded software and electronic components, and also provides turnkey systems solutions. Defence continues to be BEL`s prime focus and is currently ranked 58th among the Top 100 defence firms worldwide. The company has also diversified into civilian areas with products like the electronic voting machines, solar-powered LED-based traffic signal lights, simputers and set top boxes. BEL offers contract-manufacturing services for both domestic and international customers. It has nine manufacturing units. BEL has been conferred with Navratna status by the government of India. It has bagged the IETE award for software development. The company has two joint ventures, GEBE with General Electric Medical System, USA for the manufacture of X-ray tubes and other electronic components, and BEL-Multitone with Multitone, UK for marketing paging equipment. BEL also has a subsidiary, BEL Optronic Devices in Pune. BEL is to foray into emerging broadband as the next growth area for set-top boxes. It is working on its broadband or telecom STB in its civil stream. Its registered office is at Outer Ring Road, Nagavara, Bangalore, Karnataka-560045.
Update Results
Bharat Electronics has posted a net profit of Rs. 1250.099 million for the quarter ended September 30, 2011 as compared to Rs. 1040.711 million for the quarter ended September 30, 2010. Total Income has increased from Rs. 10457.684 million for the quarter ended September 30, 2010 to Rs. 12235.731 million for the quarter ended September 30, 2011.
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