A three-decade-old multi-locational and multi-product company, BEML offers vital applications in diverse sectors of economy such as coal, mining, steel, cement, power, irrigation, construction, road building and railways.
It has expanded its product range to cover high-quality hydraulics, heavy-duty diesel engines, welding robots and undertaking heavy fabrication jobs.
A public sector undertaking, BEML commands 70% market share in the domestic earthmover industry.
Nearly 40% of its equity has been divested to financial institutions and the public.
BEML has its corporate headquarters and central marketing division in Bangalore.
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 Rs.5 Cr during 1965 and today, thanks to its diverse business portfolio, the company has been able to achieve a turnover of more thanRs.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:
Mining & Construction
Defence
Rail & Metro
In addition to the above there are three Strategic Business Units (SBUs):
Technology Division for providing end-to-end engineering solutions
Trading Division for dealing in non-company products
International Business Division for export activities
The company has 9 manufacturing units spread over the following locations:
Kolar Gold Fields (KGF) Complex (around 100 Km from Bangalore)
Earth Moving Division
Rail Coach Unit II
Heavy Fabrication Unit
Hydraulic & Powerline Division
Mysore Complex (around 130 Km from Bangalore)
Truck Division
Engine Division
Bangalore Complex - Rail & Metro Division
Palakkad Complex
Vignyan Industries, a subsidiary located at Tarikere (around 300 km from Bangalore) - Steel Castings
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 Rs.3,558 Cr in 2009-10 registering a growth of 18% over the previous year with a Profit Before Tax of Rs.320 Cr and has orders on hand of over Rs.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 Rs.5,000 Cr turnover by 2013-14 coinciding with BEML’s Golden Jubilee year. With this emerging prospects, BEML has plans to cross Rs.5,000 Cr in the next 2 years and is poised to achieve Rs.10,000 Cr mark by 2016-17 and the company is gearing up with necessary infrastructure for achieving the same.
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