Top 10 Defense Company in India

India’s defense company production in industry has always been a priority for the Government. To enhance defense production many policy level changes have been brought in, which encouraged the participation of the private sector, including MSMEs; and provided the impetus for private companies to design and construct defense platforms.

The Government of India is responsible for ensuring the defense of India and every part thereof. India is the second-largest importer of Defense equipment with the majority of its Defence company needs to be met through imports.

The Government of India aims to develop a strong self-reliant domestic industry in the Defence sector with substantial participation from the private sector, including MSMEs and startups to reverse the trend of imports.

The Government allocated INR 4.78 lakh crore (nearly USD 64.5 billion) for the Ministry of Defence in the Budget 2021-
22 of which 63% of the outlay is planned for domestic procurement.

the Ministry of Defence is likely to issue RFPs for multiple types of platforms, the defense business is looking up.
The current size of the Indian Naval fleet is around 132 vessels, 220 aircraft, and 15 submarines. There are 32 vessels that are being built or are contracted to be built, in private and public shipyards in India. By 2050, the Navy aims to have 200 ships, 500 aircraft, and 24 submarines.

The Shipbuilding industry is critical to India’s strategic and economic interests and is characterized by high growth potential due to its multiplier effect on the economy. Shipbuilding has spin-offs to other industries, including steel, engineering equipment, port infrastructure, trade, and shipping services.

Shipbuilding is a labor-intensive industry with tremendous indirect potential in employment generation and contribution to GDP through high contribution from other industries.

Now Lets we see the top 10 defense company in India based on their performances

X. Reliance Naval and Engineering Ltd

• Headquarter: Gujarat
• Listed in NSE, BSE Exchange: RNAVAL, 533107
• Industry: SHIP BUILDING & ALLIED SERVICES

Reliance Naval and Engineering Ltd

Reliance Naval and Engineering Limited (formerly Reliance Defence and Engineering Limited) RNAVAL has the largest engineering infrastructure and defense company in India and is one of the largest in the world. RNAVAL is the first private sector company in India to obtain licenses and contract to build warships.

RNAVAL is a part of the reliance group and the reliance group provides a robust platform to every Indian to realize his potential and shape his/ her destiny through its state-of-the-art products and services.

Reliance Naval and Engineering manufacturing facilities:

RNAVAL shipyard at Pipavav, Gujarat, has integrated state-of-the-art production facilities. RNAVAL operates India’s largest integrated shipbuilding facility with a 662 M x 65 M Dry dock. The facility houses the only modular shipbuilding facility with a capacity to build fully fabricated and outfitted blocks.

The fabrication facility is spread over 2.1 million sq. ft. The shipyard has a pre-erection berth of 980 meters in length and 40 meters in width, and 2 Goliath cranes with a combined lifting capacity of 1,200 tonnes, besides an outfitting berth length of 780 meters.

Reliance Naval and Engineering Subsidiary Companies

• E Complex Private Limited (ECPL)
• RMOL Engineering and Offshore Limited (formerly Reliance Marine and Offshore Limited) (RMOL)
• Reliance Underwater Systems Private Limited (formerly Reliance Lighter Than Air Systems Private Limited) (RUSPL)
• Reliance Technologies and Systems Private Limited (RTSPL)
• REDS Marine Services Limited (Formerly Reliance Engineering and Defence Services Ltd) (REDS)
• PDOC Pte. Ltd. (PDOC)

Reliance Naval and Engineering Association company

• Reliance Defence Systems Private Limited
• Reliance Defence Limited
• Reliance Infrastructure Limited
• Conceptia Software Technologies Private Limited

IX. Paras Defence and Space Technologies Ltd

• Headquarter: Navi Mumbai
• Listed in NSE, BSE Exchange: PARAS, 543367 
• Industry: DEFENSE

Paras Defence and Space Technologies profile:

Paras Defence & Space Technologies Ltd. is a defense company In India and also has a wide range of products and solutions for Defence & Space Applications. This ensures that our growth is sustainable and opens up multiple business avenues paving the way to long-term business opportunities.

Paras has been involved in several prestigious Defence Programs and Space Missions and is recognized as one of
the most dependable partners by our Customers. Paras is known for its Product Quality, Responsiveness to
Customer requirements and untiring support to our customers in order to ensure that the project is successful and
the customer is satisfied.

Paras Defence and Space Technologies Product and application:

ROCKET & MISSILE

Rugged Networking & Communication System, Rugged Displays & Computing System, Rugged Command & Control Systems, Automated Test Equipment, Avionics Suite, Complete Mechanical Assemblies Including Flow Formed Tube.

SPACE & SPACE RESEARCH

Diffractive Gratings, Zerodur Mirrors, Optical Domes, Gyro Blocks, Multifold Lenses, Reflectors & Coatings, Metal Mirrors, IR Lenses, Ultra Precision Manufacturing, Deployable Space Antenna, CFRP Structures for Space Applications, Lens Barrel.

NAVAL SYSTEMS

Custom Built Rugged Wired Cabinets, Shielded Doors & Honeycomb Air Vents / Filters, Command & Control Consoles/Systems, Rugged Displays & Computing Systems, Naval Electronic Time Fuse, Naval Charts & Other Software Modules, Turnkey Indigo Simulator System, Transducer Positioning System / Platform, Submarine Winches, Complex Titanium Assemblies, Acoustic And Magnetic Sensing Products

LAND &ARMOURED VEHICLES

Mil-Grade Control Systems, MIL Qualified Rugged Displays, Command & Control Consoles / Systems, High-Performance Embedded Computing, Import Substitution Sub-Systems, Tank Imaging Components & Sub Assemblies, Turret Stabilization System, ARRV Winch Systems, IR Lenses for Night Vision Thermal Imaging, Rugged Tri-Pods & Quadri-Pods, Red Dot Reflex Sight.

Electronic Warfare & Surveillance

Heavy Duty Antenna Mechanical Structures, Mil-Qualified Rugged TFT Displays, Command & Control Consoles/Systems, High-Performance Embedded Computing, Rugged COTS Systems, Data/Video/Image Processing, Software Development (Embedded/RTOS/FPGA), Complete System Integration, Active Array Cooling Assemblies, Rugged VME/ VPX Platforms.

ELECTROmAGNETIC PULSE PROTECTION

EMP Shielded Rooms and Control Centers, EMP Protected Racks & Cabinets, Shielded Doors, EMP Filters, Anechoic Shielded Chambers, Turnkey EMP Projects, EMP Hardened Products, Shielded Air Vents & Windows

Paras Defence and Space Technologies subsidiary company:

Paras Defence and Space Technologies had 4 (four) subsidiaries out of which 3 (three) are Indian subsidiaries and 1 (One) Foreign subsidiary.

• Holland Shielding Systems (India) Pvt. Ltd. (Indian WOS)
• Paras Green Optics Pvt. Ltd. (Indian WOS)
• Paras Aerospace Solutions Pvt. Ltd. (Indian WOS)
• Paras Strategic Technologies Pvt. Ltd. (Indian WOS)
• Opel Technologies PTE. Ltd. (Foreign Subsidiary)

VIII. ZEN TECHNOLOGIES LTD

Founded: 1993
Headquarter: Hyderabad
Listed in NSE, BSE Exchange: ZENTEC, 533339
Industry: Defence

ZEN TECHNOLOGIES Profile:

Zen Technologies Limited is a pioneer and leader in providing world-class state-of-the-art Defence Training Solutions, Drones, and AntiDrones solutions.

Zen Technologies is engaged in indigenous design, development, and manufacturing of defense training systems based on sensors and simulators technology.

Zen Technologies has relentlessly served the Ministry of Defence, Government of India and its Armed Forces, Security Forces, and Paramilitary Forces, thus having the privilege of serving the nation at large.

The Company is engaged in manufacturing land-based military training simulators, driving simulators, live range equipment, and anti-drone systems. Zen Technologies also has its own training platform to provide a
a realistic battle experience by integrating its entire range of product offerings.

Zen Technologies R&D:

R&D (recognized by the Ministry of Science and Technology, Government of India) and production facility in Hyderabad, the Company has applied for over 109 patents and shipped more than 1,000 training systems across the globe.

Zen Technolohies Product:

ANTI-DRONE SYSTEM (ZADS): This system works on drone detection, classification, and tracking on passive surveillance, camera sensors, and neutralization of threats by jamming drone communication.

MULTI-CHANNEL PHASED ARRAY DIGITAL MODULE: This is a state-of-the-art virtual simulator used for the training
of L 70 and ZU 23-2 gun crews, with enhanced realism in weapon handling along with realistic battle scenarios.

• COMBAT TRAINING CENTRE
  • COMBAT TRAINING CENTRE (CTC), WAR GAMING SOLUTIONS (WGS)

• LIVE RANGES
  • CONTAINERISED INDOOR SHOOTING RANGE (CISR), CONTAINERISED TUBULAR SHOOTING RANGE (CTSR), HAND GRENADE SIMULATOR (HE36S), SMART TARGET SYSTEM (ZEN STS) – LOMAH, SHOOT HOUSE FOR LIVE AND SIMULATED INDOOR TACTICAL TRAINING, MASTER CONTROL STATION FOR LIVE-FIRING RANGES (MCS), TANK TARGETS, AIR-TO-GROUND FIRING RANGE SCORING SYSTEM, TANK ZEROING SYSTEM (TZS), SHOOTEDGE (CSWS), MULTI-FUNCTIONAL TARGET SYSTEM (MFTS)

Total Product Offerings 40+ in

Zen Technologies Subsidiary company:

• Zen Technologies USA, Inc.
• Unistring Tech Solutions Private Limited (UTS)
• Zen Medical Technologies Private Limited

Zen Technologies Financial Position:

• Revenue from operation: 49.57 crores
• Profit before tax: 5.68 crores
• Profit of the year FY21: 4.09 crores

Key Ratio for the Zen Technologies:

• Current Ratio: 13.44
• Debt Equity Ratio: 0.05
• Return on Net worth (%): 1.98

VII. Apollo Micro Systems Ltd

Founded: 1985
Headquarter: Telangana
Listed in NSE, BSE Exchange: APOLLO, 540879
Industry: Defense

Apollo Micro Systems Profile:

Apollo Micro Systems (AMS), is a defense company in India. They are pioneers in the Design, Development, and assembly of Custom Built Electronics and Electro-mechanical solutions for Defence.

AMS offers solutions based on state-of-the-art technologies for Aerospace, Space & Defense companies as primary customers and also caters to solutions for Railway, Automotive, and Home Land Security markets.

Our wide spectrum of technological solutions and end-to-end design, assembly & testing capabilities gives us an edge over the competition.

It also offers custom-built COTS (Commercially off-the-shelf) solutions to the Defence and Space sector, based on their needs.

Apollo Micro system Services:

• Electronic manufacturing
• Hardware designing
• IT and Software
• Electronic-CAD
• Mechanical-CAD
• Weapon Integration
• Platform Integration
• Other System Integration Services

Apollo Micro System Solution:

• Avionic Systems: On-Board & Ground Support Equipment for Avionics
• Aerospace Systems: On-Board Electronic Weapon Systems & Ground Support Equipment for Missile Systems
• Naval Systems: On-Board Weapon electronics and Ground Support equipment for Torpedoes, Decoys-Jammers, Submarines and Ships
• Satellite Space Systems: Payload Checkout Systems and Earth Station acquisition systems for Space applications
• Homeland Security: Integrated Surveillance systems, Perimeter Security Systems, Anti Drones, Drones, ADS-B Systems
• Transportation: Passenger Information Systems (i.e., Token Display System, Arrival/ Departure Information Display System)

Apollo Micro System Subsidiary Company:

Ananya SIP RF Technologies Private Limited has become the subsidiary of the Company by virtue of acquiring a 51% stake in the aforementioned Company with effect from 3rd August 2020 and constructing its manufacturing plant at Telangana. it is yet to commence its commercial operations

Apollo Micro System Financial position:

• Revenue from Operation: 203.07 Crores
• EBITDA: 39.16 Crores
• Profit Before Tax: 14.46 Crores
• Profit of the year FY21: 10.25 Crores
• Networth for the year FY21: 305.20 Crores

Key Ratio for the Apollo Micro:

• Current Ratio: 2.07
• Debt Equity Ratio: 0.74

VI. SIKA INTERPLANT SYSTEMS LTD

Founded:1969
Headquarter: Bangalore
Listed in BSE Exchange: 523606 
Industry: Defense

SIKA INTERPLANT SYSTEMS Profile:

SIKA is an engineering-driven defense company focused on the Aerospace, Defence & Space (A&D) and Automotive sectors in India.

 SIKA’s main lines of business comprise: engineered projects & systems; interconnect solutions & electrical module integration, maintenance, repair & overhaul (MRO); and value-added distribution.

 SIKA is also a qualified Indian Offset Partner (IOP) with a license for defense production from the Government of India and has had continuous design approval from the Indian Ministry of Defence’s Centre for Military Airworthiness & Certification (CEMILAC).

SIKA has developed a capability in fabrication, assembly, integration and testing, documentation, and certification of systems.

SIKA INTERPLANT SYSTEMS Manufacturing Faciities:

SIKA has made substantial investments to establish a greenfield technology campus—‘Sika Technology Center’—in Bangalore spread across 6.5 acres, with plenty of room available for expansion

SIKA INTERPLANT SYSTEMS Financial position:

• Revenue from operation: 79 crores
• Profit before tax: 15 crores
• Profit of the year fy21: 12 crores

The key ratio for the Sika Interplant System

• Debtors turnover ratio: 22.73
• Inventory turnover ratio: 34.22
• Current ratio: 2.87

V. ASTRA MICROWAVE PRODUCTS LTD

• Founded: 1991
• Headquarter: Hyderabad, Telangana
• Listed in NSE, BSE Exchange: ASTRAMICRO, 532493
• Industry: DEFENSE

ASTRA MICROWAVE Profile:

Astra is engaged in designing and manufacturing of high value-added RF and microwave super components
and sub-systems finding applications in Defense, Space, Telecom, Meteorology, and Civil communication
systems.

The three promoters had back then sensed a need for a sound, technically powerful private company that can design, develop and produce high-end RF and Microwave subsystems and systems for strategic applications.

ASTRA MICROWAVE Product:

• Defense
  • Astra Microwave has designed, developed, and produced critical sub-systems for its customers for building various airborne, naval and ground-based systems.

The contribution in the major areas of work is summarized below

• Radar Electronics
  • Astra has designed, developed, and produced various components and sub-systems that are used to build small range, medium-range, and long-range radars for ground, naval, and airborne applications.
• Electronic Warfare
  •  Astra has built many sub-systems that form part of Radar Warning receivers especially Wideband super-components like DLVA’s, BLI’s, and DIFM’s.
• Strategic Electronics & Telemetry, Space,Ground-based, S-level (on-board) / Flight Model, Meteorology/Hydrology, Security.

Astra Microwave Subsidiary Company:

 Bhavyabhanu Electronics Private Limited (BEPL) is a fully owned subsidiary of Astra Microwave Products Limited (AMPL). BEPL has been established with State-of-the-Art manufacturing & test facilities to meet Global Standards.

Aelius Semiconductors Pvt Ltd is a fabless MMIC Design House, based in Singapore. Aelius Semiconductors develops GaAs and GaN MMIC products based on robust and reliable design philosophy.

Aelius’s unique and wide range of MMIC products are focused primarily on the Defense and Space industries, with competitive timelines and prices

Astra Microwave Joint Venture Company :

Astra Rafael Comsys Private Ltd.

Astra Microwave Products Ltd and M/s RAFAEL ADVANCED DEFENSE SYSTEMS LTD., Israel (RAFAEL) have come together to form a Joint Venture Company called Astra Rafael Comsys Private Ltd. (ARC). ARC shall be the parties mutually exclusive vehicle in India and will focus on indigenous technology and Make in India programs.

Astra Microwave Financial Postion:

• Revenue from operation: 640.91 Crores
• Profit before tax: 38.54 Crores
• Profit of the year FY21: 28.85 Crores
• Network of the year FY21:560.52 Crores

Astra Microwave Business segment revenue:

• Defense/Public Sector Products: 17,798 Lakhs
• Space: 2,302 Lakhs
• Meteorological & Other Products: 2,773 Lakhs
• Exports: 28,487 Lakhs
• Deemed Exports & SEZ: 7,345 Lakhs

IV. Garden Reach Shipbuilders & Engineers Ltd

Founded: 1884
Headquarter: Kolkata
Listed in NSE, BSE Exchange: GRSE, 542011
Industry: DEFENSE

Garden Reach Shipbuilders & Engineers Profile:

GRSE is a premier shipbuilding & defense company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.

GRSE is a diversified, profit-making, and dividend-paying Company and the first Shipyard in the country to export warships and deliver 100+ warships to the Indian Navy and Indian Coast Guard.

Garden Reach Shipbuilders & Engineers Manufacturing Plants:

GRSE has 3 separate facilities for shipbuilding, all of which are located in close vicinity of each other in Kolkata. The ships are built at the Main Works Unit and the Rajabagan Dockyard.

GCSE’s shipbuilding division is engaged in the construction of warships/vessels for clients mainly in the defense sector,
Indian Navy and Indian Coast Guard and interceptor boats for MHA and State Governments towards coastal security.

Garden Reach Shipbuilders & Engineers Product:

• shipbuilding division, GRSE also builds and supplies various boats, pontoons, barge, sailing dinghy, fishing trawler, fire float, tug, dredger, passenger ferry, motor cutter, deck whaler, and launch.
• The engineering division of the company. makes portable bridges, deck machinery items, and marine pumps.
• Engine division assemble, test and overhauls of marine engines

Garden Reach Shipbuilders & Engineers Financial Position:

• Revenue From Operation: 1,141 crores
• Profit Before Tax: 207 crores
• Profit of the year FY21:153 crores
• Net Worth of the year FY21:1137 crores

III.Bharat Dynamics Ltd

• Founded: 1970
• Headquarter: Hyderabad, Telangana
• Listed in NSE, BSE Exchange: BDL, 541143
• Industry: Defense

Bharat Dynamics Ltd Profile:

Bharat Dynamics Limited (BDL) is a defense company in India and is a government of India Enterprise Under the Minister of defense and a manufacturer of Surface to Air Missile (SAM), Anti-tank Guided Missile(ATGM), Torpedoes, and Allied Defense Equipment.

BDL is one of the leading manufactures of Defense company and a supplier of the missile system of the latest technology to Indian army forces as well as to friendly foreign countries.

BDL further established static test facilities and a solar power plant at ibrahimbatham, Telangana.

Bharat Dynamics Ltd Product:

AKASH WEAPON SYSTEM: It is an indigenously developed, all-weather, air defense weapon system, uses a high explosive, pre-fragmented warhead that can engage multiple threats simultaneously.

CMDS (Counter Measures Dispensing System): is a state-of-the-art Flare and Chaff Dispensing System providing self-protection to the aircraft against Radar guided & IR seeking missiles.

MILAN – 2T – a man-portable (Infantry) second-generation ATGM, to destroy Tanks fitted with Explosive Reactive Armour, moving and stationary targets. 

konkurs – M – a Second Generation, mechanized infantry ATGM, to destroy armored vehicle equipped with Explosive Reactive Armour, moving and stationary targets.

LIGHTWEIGHT TORPEDO (TAL) – an electrically propelled, self-homing underwater weapon. Can be launched from ship/helicopter. Seawater activated battery.

VARUNASTRA OR HEAVYWEIGHT TORPEDO – a ship-launched, electrically propelled underwater weapon. Equipped with the most advanced automatic and remote-controlled guidance system. Uses its own intelligence in tracking the target.

FLAME – Fagot Launcher Adapted to Milan Equipment is a cost-effective launcher for firing Milan Missiles. Easy to deploy. Operates on Missile thermal battery. Man-portable.

INVAR (ROUND 3UBK 20) – a mechanized infantry weapon fired from the gun barrel of T90 tank to destroy armored vehicles equipped with Explosive Reactive Armour

NAG – a third Generation (Fire and Forget) mechanized infantry ATGM, with top attack capability to destroy armored vehicles equipped with Explosive Reactive Armour, moving and stationary targets.

MEDIUM RANGE SURFACE –TO- AIR MISSILE (MRSAM) – a high response, quick reaction, vertically launched a supersonic missile, designed to neutralize enemy aerial threats – missiles, aircraft, guided bombs, helicopters. Used by Army, Navy, and Air Force as different variants

Bharat Dynamics Ltd Financial Position:

• Revenue from operation: 1913 Crores
• Profit Before Tax: 340.88 Crores
• Profit of the Year FY21: 257.77 Crores
• Net Worth of the year FY21: 2684.75 Crores

II. Mazagon Dock Shipbuilders Ltd

Founded: 1774
Headquarter:
Listed in NSE, BSE Exchange: MAZDOCK, 543237
Industry: SHIPBUILDING & ALLIED SERVICES

Mazagon Dock Shipbuilders Profile:

Mazagon Dock Shipbuilders Limited is one of India’s leading defense company and under the public sector undertaking shipyards under the Ministry of Defence. The company primarily undertakes the construction of
warships and submarines along with outfitting work in its workshops

Mazagon Dock Shipbuilders has institutionalized shipbuilding in the country and created opportunities for increasing production capacity by investing in modern technologies and sophistication of the product portfolio, to serve Indian and overseas clients.

Mazagon Dock shipbuilders have the capability for integrated modular construction of warships which substantially reduces construction time.

Mazagon Dock Shipbuilders manufacturing plant:

Mumbai and Nhava proposed for development based on the future order visibility Facilities for shipbuilding and ship
repair services.

MDL has a world-class design center equipped with cutting edge technologies such as Computer-Aided Design Draughting facilities, latest hardware and software capable of feeding instructions to CNC machines directly, virtual reality center, and 3D software for more immersive design experience amongst others

Mazagon Dock Shipbuilders product:

• In Shipbuilding/Submarine construction
  • Naval Platforms

Destroyers, Conventional Submarines, Frigates, Corvettes, Missile Boat, Offshore Patrol vessels, Floating Border Outposts

• Merchant Ships

General Cargo Vessel, Multipurpose Support Vessel, Offshore Supply vessel, Tugs, Dredgers, Passenger cum Cargo Vessel, Water tankers, Barges, Trawlers, Windmill towers Pontoons.

• Oil Sector
  • Platforms

Offshore Platforms, Jack-up rigs.

Mazagon Dock Shipbuilders Financial Position:

• Revenue from operation: 4047.82 crore
• Profit before tax: 756.06 crore
• Profit of the year FY21: 479.57 crore
• Net worth of the company in FY21: 2,919.06 crore

I. BHARAT ELECTRONICS LTD.

Founded: 1955
Headquarter: Bangalore
Listed in NSE, BSE Exchange: BEL, 500049
Industry: DEFENSE

BHARAT ELECTRONICS Profile:

Bharat Electronics Limited (BEL) is a defense company in India and is PSU under the Ministry of Defence, Government of India, which provides advanced products and systems for military, government, and civilian customers. Primarily established to meet the specialized electronic equipment requirements of the Indian Defence Services.

Bharat Electronics Limited Product:

BEL now produces a wide range of state-of-the-art equipment in fields such as

Defense Communication, Radars, Naval Systems, C4I Systems, Weapon Systems, Homeland Security, Telecom & Broadcast Systems, Electronic Warfare, Tank Electronics, Electro-Optics, Professional Electronic Components, and Solar Photovoltaic Systems,

BEL also provides turnkey system solutions. Civilian products from BEL include Electronic Voting Machines, Tablet PC, solar-powered traffic signal systems, and Access Control Systems.

Bharat Electronics manufacturing Plant

Bharat Electronics has 9 manufacturing units in India they are

1. BANGALORE, Focused are:
   • Military Communications, Network Centric Systems, Military Radars, Weapon Systems, Naval Systems, Airborne Electronic Warfare & Avionic Systems, Strategic Communication & Unmanned Systems, Homeland Security & Smart City Business, Components, Coastal Surveillance Systems, Electronic Voting Machines, Solar Products, Traffic Signals.
2. GHAZIABAD, Focused areas are:
   • Network Centric Systems, Radars, Antennae, Satcom (Defence), Microwave Components
3. PUNE Focused areas are:
   • Batteries [Ni Cd, Li-SO2, Li-Ion, Ni-MH ], Electro-Optics [Laser Range Finders (LRF), Laser Target Designator (LTD), Multi-purpose Reflex Weapon Sight (MRWS), Chemical Agent Monitor(CAM)], XBIS [X-Ray Baggage Inspection System, X-Ray Mail Inspection Scanner, Vehicle Mounted], Systems [Armoured Engineer Reconnaissance Vehicle (AERV), Nuclear Biological Chemical Recce Vehicle (NBC RV), Remotely Operated Vehicle (Daksh)], Electro Explosive (Electronic Fuzes – Percussion, Proximity, Time)
4. MACHILIPATNAM Focused areas are:
   • Electro-Optics ( Night Vision Devices)
5. PANCHKULA Focused areas are:
   • Military Communication Equipment, Encryption products
6. CHENNAI, Focused areas are:
   • Tank Electronics, Optical Fire Control Systems
7. KOTDWARA Focused areas are:
   • Tele-communication Systems, Military Communication Systems
8. HYDERABAD Focused areas are:
   • Electronic Warfare Systems
9. NAVI MUMBAI Focused areas are:
   • Shelters for systems, Homeland Security Systems

Bharat Electronics subsidiary company:

BEL Optronic Devices Limited is a subsidiary company of BEL. It has been established for conducting research, development, and manufacture of Image Intensifier Tubes and associated high voltage Power Supply Units for use in military, security, and commercial systems

BEL-THALES Systems Limited (BTSL), a subsidiary, was formed for design, development, marketing, supply, and support of civilian and select Defence radars for Indian and global markets

Bharat Electronics Financial Position:

• Revenue from operation: 14063.83 Crores
• Profit Before Tax: 3181.12 Crores
• Profit of the year FY21: 2065.42 Crores

Bharat Electronic Key Ratio is:

• Current Ratio: 1.41
• Debt Equity Ratio: 0

sources: Nse, Bse