From humble beginnings in 1954, when Bharat Electronics (BEL) was set up in association with CSF, France (now, Thales), to manufacture basic communication equipment, the company now produces a wide range of state-of-the-art equipment in fields such as Defence Communication, Radars, Naval Systems, C4I Systems, Weapon Systems, Homeland Security, Telecom & Broadcast Systems, Electronic Warfare, Tank Electronics, Electro Optics, Professional Electronic Components and Solar Photovoltaic Systems, BEL also provides turnkey system solutions. Civilian products from BEL include Electronic Voting Machines, Tablet PC, solar-powered traffic signal systems and Access Control Systems.

Starting from a single Unit in Jalahalli, Bangalore, the company has established its presence across the country by setting up eight other Units - in Ghaziabad, Pune, Machilipatnam, Panchkula, Kotdwara, Navi Mumbai, Chennai and Hyderabad. Each Unit has a specific product mix and customer focus. The company has also set up a wide network of offices and service centres countrywide as well as two overseas offices – at New York and Singapore. The company was established to meet the specialized electronic equipment requirements of the Indian Defence Services. While this continues to be its prime focus, the company has a significant presence in the civilian market, too. It exports some of its products and services to a number of countries as well.

Business area of the company

The company is an Indian state-owned aerospace and defence company. It is owned by the Indian Government and primarily manufactures advanced electronic products for the Indian Armed.

Bharat Electronics Ltd.

Bharat Heavy Electricals Ltd.

AIA Engineering Ltd.

Thermax Ltd.

Triveni Turbine Ltd.

GMM Pfaudler Ltd.

Praj Industries Ltd.

Craftsman Automation Ltd.

KSB Ltd.

BEML Ltd.

Elecon Engineering Company Ltd.

Kirloskar Oil Engines Ltd.

HLE Glascoat Ltd.

Nesco Ltd.

Ion Exchange (India) Ltd.

HDFC Bank Ltd.

ICICI Bank Ltd.

ITC Ltd.

Reliance Industries Ltd.

Tata Motors Ltd.

Market Cap	78,507 Cr		EPS	3.8		High	107.6
Stock P/E	28.4		Net Profit Margin	11.3		Low	105