Bharat Electronics Limited (BEL), a leading defense electronics company, has announced the appointment of three new Executive Directors, effective August 1, 2025. This strategic move aims to bolster the company's senior management team and drive future growth.

New Appointments

1. Shri. Suryanarayana Murthy G has been appointed as Executive Director of the Pune Unit. With a BE in Electronics and 37 years of experience, Murthy previously served as General Manager of the Pune Unit. His extensive background in the company, having joined BEL in March 1988, positions him well to lead the Pune operations.

2. Shri. Anoop Kumar Rai takes on the role of Executive Director at BEL's Central Research Laboratory (CRL) in Ghaziabad. Rai holds a Master of Engineering degree in Digital Techniques and brings 33 years of experience to the position. Prior to this appointment, he served as Chief Scientist at CRL-Ghaziabad, showcasing his expertise in research and development.

3. Cdr (Retd). K Kumar has been appointed as Executive Director [NS(S&CS)]/BG Cx. Kumar's educational background includes a Master of Technology in Communication Engineering with a specialization in Underwater Electronics, as well as a Post Graduate Diploma in Management. Before this promotion, he held the position of General Manager [NS(S&CS)]/BG Cx.

Diverse Expertise

The new appointments bring a wealth of experience and diverse skill sets to BEL's leadership team:

• Shri. Suryanarayana Murthy G's long-standing experience with BEL, particularly in the Pune Unit, will be valuable in driving operational excellence.
• Shri. Anoop Kumar Rai's background in digital techniques and his role as Chief Scientist positions him well to lead research and development initiatives.
• Cdr (Retd). K Kumar's expertise in communication engineering and underwater electronics, coupled with his management skills, will contribute to strategic decision-making.

Strengthening Core Competencies

These appointments align with BEL's commitment to enhancing its core competencies in defense electronics and related fields. By promoting experienced professionals from within the organization, BEL aims to leverage their deep understanding of the company's operations and industry dynamics.

The diversity in the backgrounds of the new Executive Directors – spanning operations, research, and specialized technologies – reflects BEL's focus on maintaining its competitive edge across various domains in the defense sector.

As a government enterprise under the Ministry of Defence, these strategic appointments are expected to support BEL's mission to serve India's defense needs while driving innovation and growth in the electronics sector.

The company made this announcement in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, demonstrating its commitment to transparent corporate governance and timely disclosure of material information to stakeholders.

Bharat Electronics Limited (BEL), a leading defense public sector undertaking, has announced a series of ambitious financial targets and strategic initiatives, signaling a strong focus on growth and innovation in the coming years.

Substantial R&D Investment

At the forefront of BEL's strategy is a significant commitment to research and development. The company plans to invest over ₹1,600.00 crore in R&D activities, underlining its dedication to technological advancement and maintaining its competitive edge in the defense electronics sector.

Capital Expenditure and Export Goals

BEL has set a robust capital expenditure guidance of over ₹1,000.00 crore, indicating substantial investments in infrastructure and capabilities. Additionally, the company has set its sights on the international market, aiming to achieve USD 120.00 million in exports, which could potentially open up new revenue streams and market opportunities.

Ambitious Financial Targets for FY25-26

Looking ahead to the fiscal year 2025-26, BEL has outlined impressive financial goals:

• Revenue Growth: Targeting to exceed 15%
• EBITDA Margins: Expected to surpass 27%
• Order Inflow: Projected to exceed ₹27,000.00 crores, with potential to reach over ₹30,000.00 crores if the QRSAM (Quick Reaction Surface to Air Missile) order materializes in Q4

These targets reflect BEL's confidence in its growth trajectory and operational efficiency.

Recent Order Wins

BEL has secured additional orders worth ₹551.00 crore since July 25, 2025. These orders span across various product categories, including:

• Optronic Systems for Aircraft
• Integrated Financial Management Information System Software
• Automated Access Control System
• Integrated Communication and Control Terminal
• Low Band Receiver Unit
• Communication Equipment
• Spares and Services

This diverse range of orders demonstrates BEL's strong market position across multiple defense and technology segments.

Investor Communication

In line with its commitment to transparency, BEL hosted a conference call with investors and analysts on July 30, 2025, to discuss the financial results for the quarter ended June 30, 2025. The audio recording of this call has been made available on the company's website, allowing stakeholders to stay informed about BEL's performance and future outlook.

Bharat Electronics' comprehensive growth strategy, encompassing significant R&D investments, ambitious financial targets, and a strong order book, positions the company for potential expansion in both domestic and international markets. As BEL continues to leverage its expertise in defense electronics and diversify its product portfolio, investors and industry observers will be keenly watching the company's progress towards achieving these bold objectives.