BEML Limited (formerly Bharat Earth Movers Limited) was established in May 1964 as a Public Sector Undertaking for manufacture of Rail Coaches & Spare Parts and Mining Equipment at its Bangalore Complex. The Company has partially disinvested and presently Government of India owns 54 percent of total equity and rest 46 percent is held by Public, Financial Institutions, Foreign Institutional Investors, Banks and Employees.
BEML Limited, a ‘Miniratna-Category-1’, plays a pivotal role and serves India’s core sectors like Defence, Rail, Power, Mining and Infrastructure. The Company started with a modest turnover of ` 5 Cr during 1965 and today, thanks to its diverse business portfolio, the company has been able to achieve a turnover of more than ` 3,500 Cr. Its three major Business verticals viz., Mining & Construction, Defence and Rail & Metro are serviced by its nine manufacturing units located at Bangalore, Kolar Gold Fields (KGF), Mysore, Palakkad and Subsidiary - Vignyan Industries Ltd, in Chikmagalur District. BEML’s products are sold and serviced through its large Marketing Network spread all over the Country. BEML’s products are exported to more than 56 countries. As part of company’s globalization strategy, the company has expanded its global reach by opening local company at Indonesia and Brazil recently in addition to Malaysia and China offices.
The company operates under three major Business verticals - viz. Mining & Construction, Defence and Rail & Metro. Each of the above Business is headed by a Director who acts as CEO of the Business and reports to the Chairman & Managing Director of the company. In addition to the above, Technology Division of the company provides end-to-end technology solutions in Auto, Aero, Defence and Rail & Metro related areas. Trading Division deals in non-company products. BEML manufactures and supplies Defence Ground Support Equipment such as Tatra based High Mobility Trucks, Recovery Vehicles, Bridge Systems, Vehicles for Missile Projects, Tank Transportation Trailers, Milrail Wagons, Mine Ploughs, Crash Fire Tenders, Snow Cutters, Aircraft Towing tractors, Aircraft Weapon Loading Trolley. The company also plans to take up overhaul and upgradation of Battle Tanks with a view to assemble and roll out the products. Under Mining and Construction Business, the company manufactures and supplies Mining & Construction equipment like Bull Dozers, Excavators, Dumpers, Shovels, Loaders and Motor Graders to various user segments and under Rail & Metro Business, manufactures and supplies Rail Coaches, Metro Cars, AC EMUs, OHE Cars, Steel and Aluminium Wagons to the rail sector.
The company has a dedicated R&D infrastructure and team in line with consistent policy of the company to meet the technological demands through in-house R&D and strategic technical tie-ups with global players.
BEML operates on three major business verticals for associated equipment manufacturing:
In addition to the above there are three Strategic Business Units (SBUs):
The company has 9 manufacturing units spread over the following locations:
BEML's nationwide network of sales offices enables buyers with ready access to its wide range of products. Also, the full-fledged service centers and parts depots offer total equipment care, maintenance contracts and rehabilitation services.
The company has been registering consistent growth in sales and profits and has made a turnover of ` 3,558 Cr in 2009-10 registering a growth of 18% over the previous year with a Profit Before Tax of ` 320 Cr and has orders on hand of over ` 5,000 Cr as of end March 2010.
The Company has drawn up VISION – 2013 with an ambitious growth rate of 12% CAGR for crossing ` 5,000 Cr turnover by 2013-14 coinciding with BEML’s Golden Jubilee year. With this emerging prospects, BEML has plans to cross ` 5,000 Cr in the next 2 years and is poised to achieve ` 10,000 Cr mark by 2016-17 and the company is gearing up with necessary infrastructure for achieving the same.