About Bel Optronic Devices Limited
Data last updated:
Bel Optronic Devices Limited is a public limited union government company based in Pune, Maharashtra, India, a subsidiary of Bharat Electronics Limited. It operates in the defence tech and equipment segment of the aerospace, maritime and defence sector. It was incorporated on 10 September 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U32100PN1990GOI058096. Its GSTIN is 27AABCB3642B1Z8 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹93.22 Cr. It was formerly known as Be-Delft Electronics Ltd. It is led by directors including Manoj Jain and Nagarajan Vikraman.
Its last annual general meeting (AGM) was held on 18 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at El 30 J Blockmidc Bhosari, Pune, Maharashtra, India – 411026.
As per the financials filed for FY 2023, the company reported a revenue of ₹81.24 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹6.76 Cr (net margin 8.3%) and EBITDA of ₹26.4 Cr (EBITDA margin 32.5%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 10% over five years.
The company has about 131 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: BEL Optronic Devices Ltd. As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹60.27 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 1 case is pending. The company has 6 deals on record (4 rights issues, 1 acquisition, 1 secondary share transfer); the latest was in March 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website belop-india.in.
Company details
CIN history
Bel Optronic Devices has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U32100PN1990GOI058096, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32100PN1990GOI058096 | Current |
| U31909MH1990PLC058096 | Previous |
| U31909PN1990GOI058096 | Previous |
Contact details
Bel Optronic Devices Limited's registered office is in Pune, Maharashtra. Its website is belop-india.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressEl 30 J Blockmidc Bhosari, Pune, Maharashtra, India – 411026
- IndustryAerospace, Maritime and Defense, Defence Tech & Equipment
To see the full contact details of Bel Optronic Devices Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Bel Optronic Devices operates one associated brand: BEL Optronic Devices Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Optronic devices are manufactured and webmail services are provided by BEL Optronic Devices Ltd. | belop.co.in |
Financials of Bel Optronic Devices Limited
FY 2025 filings availableBel Optronic Devices Limited reported revenue of ₹81.24 Cr (up 35% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 35% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA fell 1% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹81.24 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹26.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.76 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.5% | ||||
| Net Profit Margin | 8.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Bel Optronic Devices Limited, buy the company report.
Board of directors of Bel Optronic Devices Limited
Bel Optronic Devices has 5 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Jain Also directs: Bharat Electronics Limited, Defence Innovation Organisation | Nominee Director | 16 Dec 2022 | 3 Years 10 Months | Current |
| Nagarajan Vikraman Also directs: Ge Be Private Limited | Nominee Director | 01 Jun 2025 | 1 Years 4 Months | Current |
| Bhanu Prakash Srivastava Also directs: Bel-Thales Systems Limited | Nominee Director | 22 Sep 2022 | 4 Years 1 Months | Current |
| Damodar Bhattad Also directs: Bel-Thales Systems Limited, Bharat Electronics Limited | Nominee Director | 10 Feb 2023 | 3 Years 8 Months | Current |
| Kamesh Kasana Also directs: Bharat Electronics Limited | Nominee Director | 21 Jul 2025 | 1 Years 3 Months | Current |
Auditor
Bel Optronic Devices Limited is audited by M/s P R A S S & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s P R A S S & Associates LLP | FY 2023 | 107816 W/W 100222 |
Shareholding
The shareholding of Bel Optronic Devices Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bel Optronic Devices Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Sep 2015 | 10596587 | State Bank of India | ₹25 Cr | Open | |
| 11 Jul 1996 | 90090331 | State Bank of India | ₹25 Cr | Open | |
| 19 May 2004 | 90086814 | Bharat Electronics Limited | ₹11.47 Cr | Satisfied | |
| 11 Jul 1996 | 90084485 | State Bank of India | ₹25.5 Cr | Satisfied | |
| 05 Jun 1996 | 90084468 | State Bank of India | ₹9.6 Cr | Satisfied |
To see the full charge records of Bel Optronic Devices Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Bel Optronic Devices Limited has 6 deals on record (4 rights issues, 1 acquisition, 1 secondary share transfer); the latest was in March 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Rights issue | ₹8.72 Cr | Investors: Bharat Electronics Limited |
| Dec 2019 | Rights issue | ₹29.89 Cr | Investors: Bharat Electronics Limited |
| Mar 2018 | Rights issue | ₹31.93 Cr | Investors: Bharat Electronics Limited |
| Jan 2017 | Rights issue | ₹35.21 Cr | Investors: Bharat Electronics Limited |
| Oct 2015 | Acquisition | ₹58.87 Cr | Buyer: Bharat Electronics Limited |
To see the full deal history of Bel Optronic Devices Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bel Optronic Devices Limited has 5 court cases on record: 5 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 1 |
| District courts | 2 | 2 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Ms. Lloyds Finance Ltd | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Bel Optronic Executive Association | Pending |
| High Court of Delhi | Court case (EX.P.) | Filed against the company by an individual | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by an individual | Disposed |
To see the full case history of Bel Optronic Devices Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Bel Optronic Devices Limited was last rated by Icra on 08 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 08 Mar 2022 |
To see the full credit ratings and regulatory alerts of Bel Optronic Devices Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bel Optronic Devices Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bel Optronic Devices Limited has a workforce of 131 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Bel Optronic Devices has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCB3642B1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 27AABCB3642B2Z7 | Maharashtra | Active | 01 Jan 2020 |
To see the full GST registrations and return filing status of Bel Optronic Devices Limited, buy the company report.
Recent activity
Bel Optronic Devices Limited has 31 board changes on record since 2007: 5 appointments and 26 cessations. The latest: Kamesh Kasana ceased to be Additional Director on 17 Aug 2025.
43 earlier events are in the company report.
News
Frequently asked questions
Bel Optronic Devices is an active public limited union government company based in Pune, Maharashtra, India. The company works in defence tech and equipment, within the aerospace, maritime and defense industry. It was incorporated on 10 September 1990 (36+ years old) and is registered under CIN U32100PN1990GOI058096.
Bel Optronic Devices has 5 current directors:
- Manoj Jain - Nominee Director
- Nagarajan Vikraman - Nominee Director
- Bhanu Prakash Srivastava - Nominee Director
- Damodar Bhattad - Nominee Director
- Kamesh Kasana - Nominee Director
The latest financial statements of Bel Optronic Devices on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bel Optronic Devices is 27AABCB3642B1Z8, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AABCB3642B2Z7 (Maharashtra).
The CIN (Corporate Identification Number) of Bel Optronic Devices is U32100PN1990GOI058096. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bel Optronic Devices has 5 court cases on record: 5 filed against it. 1 is pending. Most are in the high courts.
Bel Optronic Devices was incorporated on 10 September 1990, making it 36+ years old. It is registered with the Registrar of Companies, Pune.
Bel Optronic Devices has 6 deals on record (4 rights issues, 1 acquisition, 1 secondary share transfer); the latest was in March 2024.
Kamesh Kasana ceased to be Additional Director on 17 Aug 2025. Nagarajan Vikraman ceased to be Additional Director on 17 Aug 2025. Kamesh Kasana was appointed as Nominee Director on 21 Jul 2025. Bel Optronic Devices has 31 board changes on record in total.
Bel Optronic Devices can be reached through the website belop-india.in. Its registered office is in Pune, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
