Shantanu Roy recommended as the next CMD of BEML

Shantanu Roy has been recommended as the next Chairman and Managing Director (CMD) of BEML Limited, a Miniratna Defence Public Sector Undertaking (DPSU), under the Ministry of Defence.

The Public Enterprises Selection Board (PESB) panel selected him for the position from a list of three candidates, all of whom were from BEML Limited.

Roy is presently serving as Director (Mining & Construction Business) in the same organization and has over 30 years of extensive experience in capital goods sectors for defense, mining & construction, transportation, transmission, renewable, and large power projects.

About BEML Limited

BEML Limited (formerly Bharat Earth Movers Limited) was established in May 1964 as a Public Sector Undertaking for Rail Coaches & Spare Parts and Mining equipment as its Bengaluru complex.

The company is listed on both exchanges (BSE and NSE) with Government of India owning 54.03% and rest 44.97% is held by Financial Institutions, Foreign Institutional Investors, Banks, Public and Employees.

BEML Limited, a Schedule ‘A’ company under Ministry of Defence, Government of India, plays a pivotal role and serves India’s core sectors like, Defence, Rail, Power, Mining and Infrastructure.

The company started with a modest turnover of Rs. 5 Cr. during 1965 and because of its diverse business portfolio, the company has been able to achieve a turnover of more than Rs. 4,300 Crores.

The company operates under three major business verticals, viz. Defence & Aerospace, Mining & Construction and Rail & Metro.

The three verticals are serviced by nine manufacturing units located at Bengaluru, Kolar Gold Fields (KGF) and Mysore (all in Karnataka), Palakkad (Kerala). Company’s international business covers over 69 countries in Asia, Africa and Latin America.

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