BEL

The company Bharat Electronics Limited or BEL was being set up at Bangalore by the authority of Government of India under the Ministry of Defense in 1954 with the purpose to meet the specific electronic needs of the Indian defense services. And over the years it has grown & enhanced into a multi-product, and multi-technology, and the multi-unit company which is serving the needs of customers in diverse fields in both India and overseas.

Now, the BEL is among an elite group of public sector undertakings which have been conferred by the Navratna status by the Government of India. Also, both the growth and diversification of the company over the years mirror the advancements in electronics technology, and BEL has kept continuous pace with it.

The company registered INR 5,561.03 crore turnover for the year 2010–11. It has also received the SCOPE (Standing Conference of Public Enterprises) Meritorious Award for Corporate Governance for the year 2009–10.

Also in 1996, it achieved the turnover of approximately INR 1,000 crore, and in 1997, GE BEL, a joint venture company with GE and the USA was formed. In 1998, the BEL set up its second overseas office in Singapore for sourcing components from various parts of South East Asia. Then in the year 2000, the Bangalore unit had grown very large and was being reorganized into Strategic Business Units (SBUs). So, there are approximately seven SBUs in the Bangalore unit, and in the same year, the BEL's shares were listed on the NSE.

Later in 2002, the BEL became the first defense PSU to get an operational Mini Ratna Category I status, and along with that in June 2007, BEL was also conferred as the prestigious Navratna status based on its consistent & continuous performance. Lastly, in 2008–09, BEL had recorded a turnover of INR 4624 crores.

Soon the company entered the joint venture agreement with the Multitone, and UK to offer the most comprehensive on-site product ranges which can be from small, and easy to use pagers to practical, and also durable private mobile radios with the latest technology, and digital wireless communication system.