Bharat Dynamics Ltd IPO

Incorporated in 1970, Bharat Dynamics Ltd is a Hyderabad-based wholly-owned Government of India (GoI) company engaged in the manufacturing of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment. Bharat Dynamics has three manufacturing facilities located in Hyderabad, Bhanur and Vishakhapatnam.

The company is the sole manufacturer in India for SAMs, torpedoes and ATGMs. Company is also the sole supplier of SAMs and ATGMs to the Indian armed forces. Additionally, company is engaged in the business of refurbishment and life extension of missiles manufactured. It intends to offer products such as Akash SAM, light weight torpedoes and countermeasure dispensing system to the international markets in near future. Bharat Dynamics has over 3165 full-time employees, which includes 863 engineers.