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 ha s 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. During the financial year 2007-08, BEML achieved a sales turnover of INR 2713 crores and a pre tax profit of INR 348 crores. The export earnings touched INR 200.62 crores. BEML Limited (BEML) conferred with Mini-Ratna Status and under the administrative control of Ministry of Defence, is a multi-technology company offering high-quality products for diverse sectors of economy such as coal, mining, steel, limestone, power, irrigation, construction, road building, aviation, defence, metro and railways. BEML is ranked as "The Largest and Most Profitable Construction Equipment Company" by Construction World - NICMAR, 2007. It has emerged in the forefront of heavy engineering industry with a track record of growth and revenues for over four decades. For its innovative management practices the company has been awarded the "Golden Peacock Innovation Management Award". BEML has also been rated as "The Fourth Largest Wealth Creator in the Country" by Dalal Street Magazine. In keeping with the global technology trends, the company is setting up R&D Centre of Excellence for Research in Metro Rail System in Bangalore. The main manufacturing facilities are located at Kolar Gold Fields, Mysore and Bangalore. These incorporate sophisticated facilities like CNC machines, hi-tech welding equipment and flexible manufacturing systems to turn out cutting-edge technology products. All three manufacturing facilities are certified for ISO 9001-2000. BEML operates on three major business verticals for associated equipment manufacturing * Mining & Construction * Defence * Rail & Metro In addition to the above there are three services verticals * Technology Division for providing end-to-end engineering solutions * Trading Division for dealing in non-company products * International Business Division for export activities BEML has eight manufacturing units spread over four locations * Kolar Gold Fields (KGF) Complex (around 100 Km from Bangalore) o Earth Moving Division o Rail Coach Unit II o Heavy Fabrication Unit o Hydraulic & Powerline Division * Mysore Complex (around 130 Km from Bangalore) o Truck Division o Engine Division * Bangalore Complex - Rail & Metro Division * Vignyan Industries, 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.