History of Bharat Electronics Ltd.
1954
- The Comp. was incorporated starting with Bangalore unit. The Company Manufacture electronic communication equipments such as HF/VHF communication transmitters & receivers, HF/VHF microwave radio relays and radars, electronic components needed mainly by Defence services and also by entertainment industry like radio, TV, etc. The Company received progressive self reliance in the areas of radio communication, radars, broadcasting components.
- The Comp. devotes considerable effort to deliver state-of-the-art equipments to defence users.
1985
- 4,30,000 shares were issued to the President of India.
1986
- 1,10,000 shares issued to the President of India.
1987
- Some of major accomplishments in the design & development activities were Cyclone warning radar for Indian Meteorological Department, Multiple target field artillery radar for Army.
- Components like a vapour cooled 45KW transmitting tube, ICS & HMCs for telecommunication applications & a variety of types of transistors were introduced in the market.
- 1,10,000 shares issued to the President of India.
1988
- The Comp. developed a 10KW TV transmitter, system design of the Central Production Centre at New Delhi for Doordarshan, solid state FM transmitters & a new generation of 10KW mediumwave transmitters, 120 channel UHF digital radio relay equipment for Department of Telecommunications.
1989
- 1,10,000 shares issued to the President of India.
1990
- The Comp. entered into the Satellite Communication & simulators segments of business & widened the export base both in terms of market & products. The Comp. introduced indigenously developed automatic test equipment for army, ship handling simulators for the Navy, low capacity 40 line electronic exchange for rural applications and high reliability semi conductor devices for space applications.
- 50,000 shares issued to the President of India.
1993
- During the year, Taloja, Machilipatnam, Ghaziabad, Kotdwara and Panchkula units registered losses mainly due to lack of order from defence rector. Production of Ghaziabad, Machilipatnam & Kotdwara has been affected due to lack of orders from Defence Sector & DOT.
1994
- The Comp. has signed a MOU with General Electric Company, USA for forming a joint venture Comp. for manufacture & supply of of X-Ray Tubes.
- The Comp. set up a joint venture 100% export oriented unit with Oldelft, Netherlands, for manufacture of image intensifiers. Another joint venture was entered with HMT & KSIIDC for manufacture of watch crystals. The Comp. also proposed a joint development programme with a Swiss Comp. for updating of radars.
1996
- Machilipatnam & Kotdwara units incurred losses due to lack of orders from Defence Services & DOT. Taloja unit suffered due to fall in demand for 20' Black & White TV Glass Shells.
- The Comp. diversified its activities into related areas of like Energy Saver, Fish Finder, Solar Cells and Systems, Emergency Communication Systems for Railways, Contract Manufacturing etc.
1997
- The Comp. is setting up facilities for manufacture of Silicon Wafers at Bangalore Complex with an investment of Rs 2000 lakhs.
- The Comp. has entered into a number of collaboration agreement with leading foreign companies for manufacture of State-of-the-art equipment and products.
- The Comp. had set up a Central Research Laboratory [CRLs] at Bangalore to undertake research in frontier areas of technology. The Company proposed to establish second CRL at Ghaziabad which would focus on signal processing computers, antenna & microwave engineering.
- The Comp. entered into a joint venture with Multitone Electronics Plc of UK offering mobile communication solutions for workplace. Another joint venture was entered with GE Medical Systems & formed GE BE Private Ltd., for manufacturing a High End Rotating Anode Medical Diagnostic X-ray Tube called CT MAX used in CT Scanners.
- The debentures were issued on private placement basis: 16,00,000-15% Non-convertible debentures of Rs 100 each. [Redeemable at 5% premium in four equal annuam instalments starting from 11.9.1992s]. 4,00,000-15% Non-convertible debentures of Rs 100 each. [Redeemable in four equal yearly instalments at a premium of 5% starting from 3.10.1992s]. 15,00,000-14% Non-convertible debentures of Rs 100 each. [Redeemable in equal half-yearly instalment at a premium of 5% at the end of 7th, 8th & 9th years from the date of allotment, the earliest date of redemption being 28.10.1995s].
- 5,00,000-14% Non-convertible debentures of Rs 100 each. [Redeemable in three equal yearly instalments at a premium of 5% starting from 31.10.1995s]. - 1,60,00,000 shares of Rs 10 each amounting to 20% of subscribed and paid up capital of Rs 80 crores was disinvested.
- The public sector Bharat Electronics [BELs] is firming up a joint venture with Multitone of UK to offer closed user group [CUGs] paging services for first time in the country. - Bharat Electronics limited is talking to Raytheon for a teaming arrangement for airport modernisation systems.
- BEL will be setting up its first radar surveillance unit at the Calcutta airport & in Chennai airport.
- The public sector Bharat Electronics Limited [BELs] unveiled its range of products developed recently for domestic market.
- The Comp. has developed an alaram system for unmanned level crossings, which would provide both audio & visual signals of the arriving train.
- BEL has also developed conquest, an energy saver device, in technical collaboration with an US technology invention Comp. Condyne Technology.
- BE is India first defence & professional electronics Comp. to be awarded the ISO 9002 certification, the benchmark of international quality. - The public sector Bharat Electronics Limited [BELs] is now on the Internet, with the website developed by company international marketing division.
- The Comp. makes electronics for rocket & launch vehicles used by the Indian Space research Organisation [ISROs].
- Bharat Electronics signed a joint venture agreement with Multitone Electronics Plc of UK to set up a joint venture Comp. which will offer mobile communication products for workplace. The new company will be called BEL-Multitone Pvt Ltd.
- Bharat Electronics Ltd has signed a joint venture with General Electric, a $80 billion Fortune 500 Comp. to manufacture X-ray tubes and detectors.
- The venture Comp. GE BEL launched its new X-ray 40,000 sq.ft tube facility at the Export Promotion Industrial park, Whitefield on 19.11.97.
1998
- Employees of Bharat Electronics limited [BELs] in all the nine units nationwide went on a one-day strike.
- Public sector Bharat Electronics Ltd [BELs], Ghaziabad unit has bagged a safety award of merit from National Safety Council, USA. This is for first time any unit of BEL is winning this award.
- The Comp. has established a joint venture Comp. with GE for the manufacture of medical systems.
- BEL is also diversifying into manufacture of silicon wafers by setting up facilities in Bangalore.
- Bharat Electronics limited [BELs] has entered into a strategic alliance with National Semiconductor Corporation to build motherboards for personal computers around the Media GX processor.
- Gobal avionics systems major Sextant Avionics has signed an agreement to transfer the technology for liquid crystal display [LCDs] systems for MiG 21 aircraft to public sector Bharat Electronics Ltd.
- Hindustan Aeronautics limited [HALs], & Bharat Electronics [BELs], Bangalore, are among the six winners of 1998 national awards for outstanding achievements in research & development [R & Ds] in different areas of industry.
1999
- BEL Multitone is a 51:49 joint venture Comp. of Multitone Electronics, UK & BEL. - Bharat Electronics [BEs] limited is setting up an integrated circuit [ICs] design centre at its manufacturing unit in Jalahally near Bangalore in associated with a US partner.
- Bharat Electronics, a professionals electronics company, which has found success in its increasingly popular microprocessor-based electronic voting machine [EVMs], has supplied a state-of-the-art microprocessor based 1 kVA solar power supply unit to power a rural information technology network.
- BEL also set up an Integrated Circuit design centre & another plant to manufacture polysilicon cell which harnesses solar energy during the past few months at its existing facility in Jalahalli.
- The Comp. has diversified its operations at the Taloja unit in Maharashtra which was producing glass shells for black and White television tubes.
- The Comp. had tried to raise some funds for setting up the colour picture tube unit.
2000
- The aeronautics major Hindustan Aeronautics Ltd & the electronics heavyweight Bharat Electronics Ltd have signed a memorandum of understanding, to bring snyergy in their core competencies & to complement one another capabilities.
- The Comp. has bagged two awards for excellence in electronics for 1998.
- The Investment & Credit Rating Agency has withdrawn the LAA [L double As] rating indicating high safety assigned to the Rs 100 crore Bond programme of Bharat Electronics Limited.
2002
- BEL has informed changes in the Board to the exchange which includes appointment of Air Marshall V A Patkar as part time director in the place of Vice Admiral A.S.Krishnan.
-Vice Admiral P.C.Bhashin appointed as the director of Board by Government of India
-BEL has become first defense PSU to acquire operational status of mini ratna category-1.
-BEL committed towards improving social sector through some projects like Akshaya & BEL Ladies Association.
-Company sets a sales target of 2000 crs for financial year 02-03.
-GOI has appointed Mr.P.R.K.Haragopal as Director[finances] in place of Mr.P.Bhaskaran Naidu.
-Review of unaudited financial results by auditors for financial year sept-2002.
-The first batch of, indegenously produced invar filters by BEL have been handed over to ISRO.
-BEL & PicoPeta Simputers pvt ltd are joining together to manufacture & market a new range of hand-held indegenously developed simputers.
2003
-Mrs Rita Menon has been appointed as new official director of BEL.
-GOI appoints Mr S.K.Mehta as Director on the Board of Bharat Electronics.
-Company has recorded its highest ever turnover of Rs. 25710 million for 02-03, with an increase of 32%.
-BEL recorded 39% increase in its gross profit at Rs.395 cr as compared to Rs.285 cr last year
-Company has changed the name of its subsidiary from BE -Delft Electronics Ltd to BEL Optronic Devices Ltd.
-BEL became the first PSU to be adjudged 'The Best Company' for 2002-03 by Bangalore Stock Exchange.
-BEL received order from TN government to supply, install & commission the 2 GHz 120-channel Digital Microvave communication system on turnkey basis.
-Company formulates its vision statement targeting to a turnover to 50,000 million.
-Mr.S.Paneer Selvam, Senior Technical Assistant in BEL Naval Systems Strategic Business Unit has received Prime Minister Shram Shri Award for year 2003.
-Dr V K Koshy, Chairman and Managing Director of Comp. resigned & GOI has appointed Mr Y Gopala Rao as Chairman and Managing Director on the Board of Directors
2004
-Bharat Electronics gives order worth Rs 8.9 Cr to Astra Microwave
-Bharat Electronics Ltd has informed that Mr. K. U. Limaye, Director, Electronics and Radar Development Establishment, Bangalore has been appointed as part-time Director on the Board of Directors of Bharat Electronics Ltd in place of Mr. N. Divakar, who has since retired.
-Bharat Electronics Ltd has informed that the Comptroller & Auditor General of India [C&AGs], has recently appointed the following firms as Statutory/Branch Auditors of Comp. for year 2003-04: 1. Statutory Auditors: M/s Suri & Co [Statutory auditors, HO, Consolidation of Acc. & auditors for Banglore, Chennai & Hyderabad unitss].; 2. Branch Auditors: M/s Bubber Jindal and Co., [auditors for Ghaziabad, Panchkula & Kotdwara Unitss]; M/s N V Sarma & Co., [auditors for Machilipatnam Units]; M/s Joshi and Sahney, [Auditors for Pune & Taloja Unitss].
-Shifts Registered office to new premises w.e.f. March 15, 2004. The address is as follows: Bharat Electronics Ltd, Nagavara, Outer Ring Road, Bangalore 560 045. Tel: 080-2503 9300; Fax: 2503 9305.
2004
-BEL, PicoPeta Simputers launch Amida Simputer, a hand-held computing device
- PicoPeta Simputers Pvt Ltd & Bharat Electronics Ltd [BELs] have launched the Simputer handheld computing device for enterprises called 'Amida Alchamy.'
-BEL CMD wins Electronics Man of Year award
-L&T & BEL join hands to develop radar for Army
- Bharat Electronics Limited [BELs] signs agreement with Wipro Infotech for Comp. wide implementation of MySAP Business Suite,
2005
-BEL inks contract of $1.6m with Suriname
2006
-Bharat Electronics secures order for Set Top Boxes
2007
- Bharat Electronics Ltd has appointed Mr. N K Sharma as Director [Marketings] on the Board of Directors of Company. Prior to this appointment, Mr. N K Sharma has been holding the post of General Manager, heading the Ghaziabad Unit of Company.
- Bharat Electronics Ltd has promoted three of its general managers as Executive Directors with effect from November 1. Mr D.A. Mohan, ED [Telecom and Broadcast Systemss] at BEL-Bangalore; Mr Anand Kumar is ED [BEL-Ghaziabads]; & Mr V. Sundararaman, ED [Technology Plannings] at the Corporate Office in Bangalore.
2008
-Bharat Electronics Ltd has informed that Government of India has appointed Lt. Gen P Mohapatra, Signal Officer-in-Chief, Army Headquarters, as a part-time official Director on the Board of Directors of Comp. in place of Lt. Gen [Retd.s] S P Sree Kumar.
