Bharat Dynamics Ltd (BDL) is a producer of defense equipment. The company carries out research and development, production and sale of various weapon systems such as surface to air missiles (SAM), anti-tank guided missiles (ATGM), torpedoes, and allied products. BDL offers a variety of products such as Konkurs – M, Akash Missile, Invar, Counter Measures Dispensing System (CMDS), Heavy Weight Torpedo,Light Weight and heavy weight torpedoes. Konkurs – M is a second generation, semiautomatic, tube launched, antitank, wire guided, optically tracked and aero-dynamically controlled missile. It is used to destroy moving and stationary vehicles equipped with explosive reactive armors. The company offers Akash Missile, which is a short range surface-to-air missile. It has the capability to track multiple targets. CMDS is a chaff and flare dispensing system. It is an airborne defense system, which provides self-protection to the aircraft by passive ECM against radar guided and IR seeking, air and ground launched missiles. Heavy Weight Torpedo is an electrically propelled underwater weapon launched by a ship, which is equipped with one of the most advanced automatic guidance systems. It uses its own intelligence in tracking its target. The company also provides light and advanced torpedoes that can be launched from ship and helicopter. Its Milan 2 ATGM is a man-portable system, which can destroy tanks. It also operates in the field of refurbishment and life extension of missiles. BDL has three manufacturing units two manufacturing facilities in Telangana and one in Andhra Pradesh. The company’s electronics division, design and engineering divisions of the Kanchanbagh Unit, Bhanur Unit and Visakhapatnam Unit have been certified with AS 9100D aerospace standard certifications. It primarily operates in India.

BDL focuses its R&D on enhancing indigenization efforts from the outset of each contract, achieving over 80%–90% indigenization levels for many products through Technology Transfer (ToT) agreements with both the Defense Research and Development Organisation (DRDO) and foreign Original Equipment Manufacturers (OEMs). The company strives to utilize the Srijan Portal to engage the private sector in its indigenization initiatives, regularly uploading details of imported items identified for local production and providing technical support to Micro, Small, and Medium Enterprises (MSMEs) to encourage quality component manufacturing. BDL aims to foster collaboration with startups by identifying problem statements for innovative solutions and signing Memorandums of Understanding (MoUs) to support their growth. The company plans to enhance its R&D capabilities through partnerships with premier Indian institutions and joint ventures with global defense firms, emphasizing the importance of maximizing indigenous content in all projects. Additionally, it focuses on penetrating the global defense market by offering customized solutions and optimizing production processes to ensure timely deliveries and high-quality standards. In FY2025, the company spent INR2,229.2 million on R&D, which as a percentage of revenue, stood at 6.6%.