Bharat Electronics Ltd
NSE: BEL BSE: 500049
₹383.10
(1.34%)
Sun, 11 Oct 2026, 04:06 am
Market Cap (in Cr)284971.73
PE Ratio45.56
Dividend0.64
Electronic Technology
Aerospace & Defense
24.5KCompany History
1954
- Company incorporated with Bangalore unit for electronic communication equipment manufacturing for defence and entertainment.
- Company achieved self-reliance in radio communication, radars, broadcasting components.
1985
- 4,30,000 shares issued to President of India.
1986
- 1,10,000 shares issued to President of India.
1987
- BEL developed cyclone warning radar and artillery radar.
- BEL introduced transmitting tube, ICS, HMCs, transistors.
- 1,10,000 shares issued to President of India.
1988
- BEL developed 10KW TV transmitter, Central Production Centre design, FM transmitters, mediumwave transmitters, UHF radio relay.
1989
- 1,10,000 shares issued to President of India.
1990
- BEL entered satellite communication and simulators segments.
- BEL widened export markets.
- BEL introduced test equipment, simulators, exchanges, space semiconductors.
- 50,000 shares issued to President of India.
1993
- Taloja, Machilipatnam, Ghaziabad, Kotdwara, Panchkula units reported losses due to lack of defence orders.
1994
- BEL signed MOU with GE USA for X-ray tubes JV.
- BEL set up JV with Oldelft Netherlands for image intensifiers.
- BEL entered JV with HMT and KSIIDC for watch crystals.
- BEL proposed radar update programme with Swiss company.
1996
- Machilipatnam, Kotdwara units incurred losses due to lack of orders.
- Taloja unit affected by low TV glass shell demand.
- BEL diversified into energy savers, fish finders, solar systems, emergency communications, contract manufacturing.
1997
- BEL set up silicon wafer facilities at Bangalore for Rs 200 crore.
- BEL entered collaborations with foreign companies for state-of-the-art equipment.
- BEL established Central Research Laboratory at Bangalore.
- BEL proposed second CRL at Ghaziabad.
- BEL formed JV with Multitone Electronics UK for mobile communication.
- BEL formed JV with GE Medical Systems for X-ray tubes.
- BEL issued non-convertible debentures.
- BEL disinvested 20% equity.
- BEL launched GE BEL X-ray tube facility.
- BEL received ISO 9002 certification.
1998
- BEL employees held one-day strike.
- BEL Ghaziabad unit won safety award from National Safety Council USA.
- BEL entered alliance with National Semiconductor for motherboards.
- Sextant Avionics transferred LCD technology for MiG 21 to BEL.
- BEL and HAL won national R&D awards.
1999
- BEL set up IC design centre at Jalahalli with US partner.
- BEL supplied solar power unit to rural IT network.
- BEL established polysilicon plant at Jalahalli.
- BEL diversified Taloja unit operations.
2000
- HAL and BEL signed MoU for synergy.
- BEL won two excellence in electronics awards for 1998.
- ICRA withdrew LAA rating for BEL bond programme.
2002
- Air Marshall V A Patkar appointed part-time director.
- Vice Admiral P C Bhashin appointed director.
- BEL achieved Mini Ratna Category-1 status.
- BEL set Rs 2,000 crore sales target for 2002-03.
- P R K Haragopal appointed Director Finance.
- BEL delivered invar filters to ISRO.
- BEL and PicoPeta to manufacture simputers.
2003
- Rita Menon appointed as official director.
- S K Mehta appointed as Director.
- BEL recorded highest turnover of Rs 2,571 crore.
- BEL gross profit increased 39% to Rs 395 crore.
- BEL renamed subsidiary to BEL Optronic Devices Ltd.
- BEL adjudged Best Company 2002-03 by Bangalore Stock Exchange.
- BEL received TN govt order for digital microwave system.
- BEL set vision for Rs 5,000 crore turnover.
- S Paneer Selvam received PM Shram Shri Award.
- V K Koshy resigned as CMD; Y Gopala Rao appointed CMD.
2004
- BEL placed Rs 8.9 crore order with Astra Microwave.
- K U Limaye appointed as part-time Director.
- CAG appointed auditors for 2003-04.
- BEL shifted registered office to Nagavara Bangalore.
- BEL and PicoPeta launched Amida Simputer.
- BEL CMD won Electronics Man of the Year award.
- BEL and L&T collaborated on Army radar.
- BEL signed MySAP agreement with Wipro Infotech.
2005
- BEL inked $1.6 million contract with Suriname.
- BEL declared 40% interim dividend for 2004-05.
- BEL received ICWAI Award.
2006
- BEL secured order for Set Top Boxes.
2007
- N K Sharma appointed as Director Marketing.
- BEL promoted three general managers to Executive Directors.
- BEL bagged IETE award for software development.
- BEL signed 2 MoUs at Aero India 2007.
2008
- Lt Gen P Mohapatra appointed as part-time director.
- BEL planned Product Support Centre at Kochi.
- BEL received SCOPE award.
- BEL displayed defence products at DEFEXPO 2008.
- BEL signed term sheet and MoUs at Defexpo 2008.
2009
- BEL won Raksha Mantri Awards.
- BEL signed MoU with BHEL for solar JV.
2010
- BEL set up business unit for naval sonar systems.
2011
- S K Sharma appointed as Director.
- BEL recommended 156% final dividend of Rs 15.60 per share.
2012
- BEL signed MoU with Israel Aerospace Industries for LRSAM ship-defence systems.
2013
- BEL declared 163% final dividend of Rs 16.30 per share.
2014
- BEL recorded provisional turnover of Rs 6,180 crore.
- BEL recommended final dividend of Rs 17.30 per share.
- BEL decided to form JV with Thales in radar business.
2015
- Vice President inaugurated modernised BEL Software Technology Centre.
- BEL received additional order for CoMPASS from Elbit Systems.
- BEL allotted bonus shares in 2:1 ratio.
2016
- BEL won Raksha Mantri Awards.
- BEL received PSE Excellence Award.
- BEL launched Remote Controlled Weapon Station for MBT Arjun Mk II.
- BEL launched BELCOMNET communication network.
- BEL bagged India Pride Award.
- BEL celebrated World Health Day.
2017
- BEL achieved turnover of Rs 8,800 crore.
- BEL won six Raksha Mantri Awards.
- BEL received offset contract for CoMPASS from Elbit Systems.
- BEL signed MoU with Department of Defence Production.
- BEL won Excellence Award for Responsible Organisation.
2018
- BEL set up 16 MW grid-connected solar power plant at HVF Avadi.
- BEL achieved turnover over Rs 10,000 crore.
- BEL signed MoU with L&T at Defexpo 2018.
- BEL won AIMA award for Outstanding PSU of the Year.
2019
- BEL signed teaming agreement with Hughes India for helicopter SATCOM solutions.
- BEL launched atmospheric water generator.
- BEL received USD 33 million export order from Elbit.
- BEL achieved provisional turnover of Rs 11,700 crore for FY 2018-19.
2020
- BEL achieved record turnover exceeding Rs 12,500 crore.
- BEL received Governance Now Awards for Research and Innovation, HR Excellence, and Geo-Strategic Reach.
- BEL received Jamnalal Bajaj Award for Fair Business Practices.
- BEL manufactured 30,000 ventilators.
2021
- BEL received PSE Excellence Award for Corporate Governance.
- BEL signed MoU with BPL Medical Technologies.
- BEL signed MoU with L&T.
- BEL received 12 Green Channel Certificates for 41 products.
- BEL contributed Rs 5.45 crore to PM CARES Fund.
- BEL signed MoU with Grene Robotics.
2022
- BEL signed MoU with Armoured Vehicles Nigam and Advanced Weapons and Equipment India.
- BEL signed MoU with Goa Shipyard for autonomous navigation products.
- BEL signed pact with Meslova for AI and ML products and services.
- BEL recommended bonus shares in 2:1 ratio.
2023
- BEL signed MoU with ADA and DRDO for AMCA programme.
2024
- BEL received orders worth over Rs 500 crore.
- BEL and Israel Aerospace Industries incorporated joint venture BEL IAI AeroSystems Private Ltd.
- BEL received orders worth Rs 634 crore.
- BEL signed agreement with Reliasat for space product collaboration.
2025
- BEL bagged additional orders worth Rs 792 crore.
- BEL received orders worth Rs 871 crore.
- BEL and CSIR-CEERI inked MoU to develop advanced defence technologies.
- BEL won DSCI Award for Best Cyber Security Practices in Automobile and Manufacturing Sector.
- BEL won Greentech Award for Excellence in Quality Management Systems.
