Capital Structure Analysis Bharat Electronics

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. Bharat Electronics Limited (BEL) was established at Bangalore, India, by the Government of India under the Ministry of Defence in 1954 to meet the specialised need of Indian defence services. Over the years, it has grown into a multi-product, multi-technology, multi-unit company serving the needs of customers in diverse fields in India and abroad.

BEL is a strategic electronics company of the Ministry of Defence. The company specialises in the manufacture of a wide spectrum of technology like Radars, Military Communications, Naval Systems, Electronic Warfare Systems, Telecommunications, Sound and Vision Broadcasting, Opto-Electronics, Tank Electronics, Solar Photovoltaic Systems, Embedded and Electronic Components. The company also claims to provide turnkey systems solutions.

Defence continues to be BEL’s prime focus but the company has also diversified into civilian areas. Some of the successful civilian products include electronic Voting Machines, solar Powered LED-Based traffic signal lighting, simputers, set top boxes etc. BEL offers contract-manufacturing services for both domestic and international customers. It has automated assembly, inspection and testing facilities as well as precision machining capabilities.

BEL has its corporate office at Bangalore and manufacturing units at nine locations in India. A network of marketing and customer support centres across India completes the vertically integrated company profile. Two offices, one in New York and the other in Singapore mark the company’s current international presence. The BEL R&D lab is located in Ghaziabad.

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