One of the most recognizable government-run institutes under the ministry of defence is certainly Bharat Electronics Limited (BEL). Established in 1954, BEL primarily functions to cater to special and specific electronics needs made by the Ministry of Defence regarding Transmitters, Semiconductors, Metal Fittings, Tubes and Cannisters etc. Once a small unit, BEL is now a highly profitable PSU with an estimated turnover of $1 Billion during 2013-14 Fiscal Year.