India’s Top 500 Companies 2019

INDIA’S TOP 500 COMPANIES 2019 200 Advertorial Bharat Electronics Limited About the Company Bharat Electronics Ltd (BEL), a ‘Navratna’ company, was incorporated in 1954 in association with the erstwhile CSF, France (now known as Thales) to manufacture basic communication equipment for the Indian defence sector. Today, BEL is engaged in producing a wide range of defence equipment in areas like communication, Radars, naval systems, C4I systems, weapon systems, telecom & broadcast systems, electronic warfare, tank electronics, electro optics, professional electronic components and solar photovoltaic systems. The company also offers turnkey system solutions as well as products like Electronic Voting Machines (EVM), tablet PC, solar-powered traffic signal systems and homeland security solutions. BEL has nine manufacturing facilities located at Bengaluru (Karnataka), Ghaziabad (UP), Pune and Navi Mumbai (Maharashtra), Machilipatnam (AP), Panchkula (Haryana), Chennai (TN), Kotdwara (Uttaranchal) and Hyderabad (Telangana). The company has also established a wide network of offices and service centres as well as two overseas offices in New York and Singapore. As of March 2018, the company had two subsidiaries, named BEL Optronic Devices Ltd and BEL – THALES Systems Ltd and one JV company named GE BE Pvt Ltd. Operational Highlights BEL’s mainstay is defence equipment, which contributes to 85% of the company’s total turnover. In FY18, the value of production manufactured by the company increased to ` 97 bn as compared to ` 92.4 bn in FY17, a growth of 5% y-o-y. As of end-March 2018, the company’s order book stood at ` 401.2 bn. During FY18, the company received orders worth ` 100 bn. The major orders received during the year include EVM, Voter Veri able Paper Audit Trail (VVPAT), Commander TI Sights for T-72, Low Intensity Con ict EW System, Hull Mounted Sonar for P71, Surveillance Radar Element, Network for Spectrum (NFS) Satcom Terminal, Integrated Mobile System, Passive Night Vision Devices and CoMPASS. During FY18, the company introduced new products/systems including the Intelligence Gathering System, Ship Data Network, Advanced Communication System for Ships, Radio On The Move for Weapon Systems, Fire Control System and P15, TI Sight for T-90, Multi- Function HHTI, EVM-M3, VVPAT-M3, Mine Field Recording System, Multi-Purpose Re ex Weapon Sight, Radio Relay Upgrade, Secure Phone and 6 kW Solid State Power Ampli er, among others. Moreover, in April 2018, the company launched eight new products in DEFEXPO 2018. The company has led applications for 25 Patents in FY18. Export operations BEL exports its products to over 50 countries across Africa, America, Europe, Asia and the Middle East. In FY18, BEL reported exports of US$ 26.3 mn. The major products / systems exported during FY18 include Advanced Composite Communication System, Compact Airborne Surveillance System, Bharti Radio, Precision Mechanical Parts, Coastal Surveillance System, among many others. Financial Snapshot (In ` mn) Total Income 106,009.9 Net Profit 13,992.9 Networth 77,610.1 Ratios NPM (%) 13.2 RONW (%) 18.0 Current Ratio (times) 1.4 (As on Mar 31, 2018) Management Details Chairman & Managing Director M V Gowtama Directors Anandi Ramalingam Nataraj Krishnappa R N Bagdalkar Koshy Alexander Mahesh V Vinay Kumar Katyal Dr Amit Sahai J Manjula Dr Bhaskar Ramamurthi Dr R K Shevgaonkar Usha Mathur Sharad Shyam Sanghi Mukka Harish Babu Surender Singh Sirohi Dr Vijay Shankar Madan Company Secretary S Sreenivas Address & Website Outer Ring Road, Nagavara, Bengaluru - 560045, Karnataka www.bel-india.com M V Gowtama Chairman & Managing Director Dun & Bradstreet D-U-N-S® No 65-004-9042 Top 500 Ranking Income 93 Net Profit 63 Networth 100 Dun & Bradstreet