A Study on Effectiveness of Performance Management System
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A Study on effectiveness of Performance Management system Page 1 Central College, Bangalore CHAPTER-3 COMPANY PROFILE Bharat Earth Movers Limited (BEML) incorporation in May 1964 with its corporate offices at Bangalore and commenced operation from 1 st January 1965, the production units of the company are located at Bangalore, Kolar Gold Field and Mysore in Karnataka and Pallakad in Kerala. The company is engaged in the production of rail coaches, rail bus and Direct Current Electrical Multipurpose Unit for Indian Railways, heavy duty trucks/its variants, crash fire tenders, heavy recover vehicles, PMS bridges and earth moving equipment¶s and aggregate for Defence. Other major customers of BEML are Coal India Limited, Naively Lignite Corporation, Associated Cement Company, Steel Authority of India Limited and the National Hydro Electric Thermal Power Corporation. BEML is a premier ISO 9000 company in India and the second largest manufacture of earth moving equipment in Asia. A three-decade-old multi-location and multi-product company, BEML has vital application in diverse sector of economy such as coal, mining, steel, cement, powder, irrigation, construction and road building and railway. It has expanded its product range to cover high-quality hydraulics, heavy duty diesel engines, welding robots and undertaking of heavy fabrication jobs. A public sector undertaking, BEML commands 70% market share in domestic earth mover industry. Nearly 40% of its quality has divested to financially institution and public. BEML has its corporate headquarters and central marketing division at Bangalore. BEML manufactures wide range of products to meet the needs of mining, construction, power, irrigation, fertilizer, cement, steel and rail sector. The earth moving equipment includes
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