Bharat Dynamics Limited (BDL) is one of India's manufacturer of ammunitions and missile systems. It was founded in 1970 in Hyderabad, Telangana. The company was established in the year 1970 to be a manufacturing base for guided weapon systems. Begun with a pool of engineers drawn from DRDO and aerospace industries, Bharat Dynamics began by producing a 1st Generation Anti Tank Guided Missile-the French SS11B1. This product was a culmination of a Licence Agreement the Government of India entered into with Aerospatiale, France.
Bharat Dynamics Limited (BDL) has three manufacturing units, located at Kanchanbagh, Hyderabad, Telangana; Bhanur, Medak district, Telangana and Visakhapatnam, Andhra Pradesh. Miniratna PSU Bharat Dynamics Ltd (BDL) is under the administrative control of the Defence Ministry
BDL has been working closely with the user as well as the OEM in the upgradation of ATGMs to the class of tandem warhead ATGMs. MILAN - 2 has been upgraded to MILAN - 2T with a tandem warhead to defeat the ERA fitted to modern battle tanks. Similarly, Konkurs ATGM has been upgraded to Konkurs - M ATGM with a tandem warhead, with a similar advantage. This has led to providing more teeth to the soldier on the battlefield and mechanized infantry forces.
The authorised share capital is Rs 125 crore and the paid up equity capital is Rs 122.19 crore as on January 31, 2017. BDL earned a profit-after-tax of Rs 563.24 crore in 2015-16 and has a net worth of Rs 1,652.23 crore