India Optel Limited (IOL)
India Optel Limited is a Government of India-owned Defence Public Sector Undertaking under the Department of Defence Production, Ministry of Defence. It began operating on 1 October 2021 as one of seven DPSUs created through the corporatisation of the Ordnance Factory Board and is headquartered at the OFIL Campus in Dehradun. It manufactures opto-electronic systems, sensors, weapon sights and vision equipment. On 3 September 2026, an MoU between India Optel Limited and Belgium's OIP was exchanged during the India-Belgium Defence CEOs Roundtable and B2B meetings in New Delhi.
This page is a factual profile built from official sources: enterprise filings, the DPE Public Enterprises Survey, PIB releases, government orders and CAG reports. Figures carry their year; where no official figure was found, the field is left out rather than estimated.
How we verify →India Optel Limited is a Government of India-owned Defence Public Sector Undertaking under the Department of Defence Production, Ministry of Defence. It began operating on 1 October 2021 as one of seven DPSUs created through the corporatisation of the Ordnance Factory Board and is headquartered at the OFIL Campus in Dehradun. It manufactures opto-electronic systems, sensors, weapon sights and vision equipment. On 3 September 2026, an MoU between India Optel Limited and Belgium's OIP was exchanged during the India-Belgium Defence CEOs Roundtable and B2B meetings in New Delhi.
What happened
PIB reported on 29 May 2025 that India Optel Limited had received Miniratna Category-I status. Its sales rose from Rs 562.12 crore in 2021-22 (H2) to Rs 1,541.38 crore provisionally in FY2024-25. PIB identifies IOL as a Schedule 'B' DPSU under the Department of Defence Production and one of seven DPSUs created through OFB corporatisation with effect from 1 October 2021.
PIB identifies IOL's principal products as opto-electronic systems and vision equipment used on platforms and weapons including T-90 and T-72 tanks, BMP-II infantry combat vehicles, artillery guns and naval guns.
PIB reported that an MoU between India Optel Limited and Belgium's OIP was among the agreements exchanged at the India-Belgium Defence CEOs Roundtable and B2B meetings in New Delhi on 3 September 2026.
Wikipedia lists IOL's headquarters as OFIL Campus, Dehradun. News On Air reported that IOL signed an agreement with Safran Electronics & Defense on 22 December 2025 to manufacture the SIGMA 30N inertial-navigation system and CM3-MR direct-firing sight in India.
What we could not confirm
The IOL annual report (FY2024-25) is listed on the company's site but the site was unreachable, so the official audited net profit, balance sheet and employee count could not be extracted; the turnover figure used is PIB's provisional sales number. The 3 September 2026 OIP pact is confirmed at the event level by PIB (which names 'India Optel Ltd and OIP'), while the specific ARJUN MK-2 electro-optics scope is detailed only in secondary defence-media reports.