Bharat Forge
The Indian auto components industry is expected to grow to US$ 200 billion by FY26
Bharat Forge is the largest exporter of auto components from India and one of the leading chassis components manufacturers in the world. The company continues to invest in state-of-the-art facilities harbouring world-class capacities and capabilities. Its automotive facilities include fully automated forging lines, fully automated machining lines, strong IT platform-based technology infrastructure and seamless engineering and design support. The company’s customer base includes virtually every global automotive OEM and Tier 1 supplier. It is amongst the few global automotive component manufacturers with capability to offer front line design and engineering, dual shore manufacturing capability and full-service supply capability.
- Largest auto component exporter from India.
- One of the leading chassis components manufacturers in the world.
- Consolidated net profit of Rs. 9,101 crore (US$ 1.09 billion) for FY24
Bharat Forge –Inspiring Innovation
| Year | Milestone |
|---|---|
| 2024 |
BharatForge Ltd. has been awarded the prestigious Industrial Innovation Award 2023 by the Confederation of Indian Industry (CII). Awward was given to the company's unwavering commitment to technological advancement, innovation, and research and development across various industries, including automotive and defence, demonstrating its excellence in these areas. |
| 2023 |
In August 2023, Kalyani Rafael Advanced Systems Private Limited, a joint venture company between Kalyani Strategic Systems Limited (a wholly owned Defence subsidiary of Bharat Forge Limited) and Rafael Advanced Systems Limited of Israel, bagged an order amounting to Rs. 2875.1 million (US$ 34.49 million). In August 2023, the company earmarked US$ 121.02 million (Rs. 1,000 crore) in capital expenditure for its India operations in fiscal year 2023-24, extending through the first half of FY26. In May 2023, Bharat Forge is banking on the defence segment for strong growth in FY24. It has acquired three casting companies in south India in FY23. In March 2023, Bharat Forge Limited, through its E-Mobility subsidiary, Kalyani Powertrain Limited, opened its first electric bike manufacturing facility in MIDC Chakan. In January 2023, General Atomics has announced a partnership with Bharat Forge to manufacture main landing gear components, subassemblies, and assemblies of remotely piloted aircraft in India. In January 2023, Bharat Forge subsidiary, JS Auto Cast Foundry India enters into Business Transfer Agreement (BTA) with Indo Shell Mould for acquiring their SEZ Unit in SIPCOT, Erode. |
| 2022 |
In November 2022, Kalyani Strategic Systems, a subsidiary of Bharat Forge Limited, bagged an order worth US$ 155.5 million for the export of its 155mm, 39 calibre truck-mounted artillery guns. |
| 2021 |
In June 2021, Bharat Forge announced plan to acquire 175 acres in an industrial park near Pune worth Rs. 240 crore (32.32 million) to set up new factories for the defence and electric mobility business divisions In March 2021, Bharat Forge announced its plan to acquire Kalyani Powertrain |
| 2020 |
Joint venture formed with Paramount Group to co-develop land system and aerospace platforms |
| 2019 |
Rolled out the one millionth finished machined crankshaft that powers heavy duty engines of Daimler AG |
| 2018 |
Established E-Mobility Research & Development Centre in MIRA Technology Park, UK Announcement of strategic stake in Electric Vehicle Company, Tevva Motors (Jersey) Limited |
| 2017 |
Established Kalyani Centre for Manufacturing Innovation |
| 2013 |
Supply of crankshaft for Indian rails, becoming the 1st indigenous supplier of crankshaft |
| 2003 |
Established Global Manufacturing Footprint across Europe, North America, and China |
| 2002 |
Investment in Research & Development, Testing and Validation and state-of-the-art Heavy-Duty Truck Crankshaft Machining facilities |
| 2001 |
Acquired order book of Dana |
| 1991 |
Major break-through in Japan, USA, and UK for critical supply of powertrain & chassis components. |
| 1985 |
Initial exports to Europe |
| 1966 |
Commercial production commences |
| 1961 |
Incorporation of Bharat Forge Ltd |
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