BEML Limited (formerly Bharat Earth Movers Limited) was established in May 1964 as a Public Sector Undertaking (PSU) for manufacturing rail coaches, spare parts, and mining equipment at its Bangalore Complex. Over the years, the company has undergone partial disinvestment, and currently, the Government of India holds a 54% stake, while the remaining 46% is owned by the public, financial institutions, foreign institutional investors, banks, and employees.
BEML is a Miniratna Category-I company that plays a vital role in India’s core sectors, including Defence, Rail, Power, Mining, and Infrastructure. The company started with a modest turnover of ₹5 crore in 1965, and today, with its diversified business portfolio, it has achieved a turnover exceeding ₹3,500 crore.
BEML operates under three major business verticals:
Miniratna1
Ministry of Defence
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