Bharat Forge Ltd.

Company Profile



Mundhwa, Pune Cantonment, Pune 411036, Maharashtra, India

Business Overview

-The Company, a flagship of the Kalyani Group, is a global leader in manufacturing forged and machined components, with 15 manufacturing locations across five countries, including 8 plants in India.

-As of March 2023, the Company oversees 33 subsidiaries, 3 associate companies, and 2 joint ventures, boasting an annual forging capacity of 750,126 tons across all entities.

-The company spun off its e-mobility business into an independent entity. Kalyani Powertrain Limited (KPTL) specializes in EV components, electric two-wheelers and three-wheelers, and CV retro-fitment.


-Listed on the Bombay Stock Exchange,
Pune Stock Exchange and National Stock Exchange of India.
(As of Mar. 31, 2023)
Name or Company Name Investment Ratio (%)
Promoters 45.3
Foreign Portfolio Investors 16.2
Mutual Funds (including Unit Trust of India) 19.9
Insurance Companies 5.7
Others 12.9
Total 100.0


-Connecting rods
-Emission/After Treatment
-Fuel Injection system

-Front axle beams
-Steering Knuckles
-Control Arm
-Reinforcement Bracket

-Main & Counter Shafts
-Input Shaft & Output Shafts
-Cylindrical Gear

-Tandem Axle Component
-Gears with Near Net form Teeth
-Conventional and Near net forged pinion

-Full Powertrain Solutions
-Systems & Sub Systems
-Parts for Powertrain


Kalyani Powertrain Ltd.
-DC-DC Converter
-Vehicle Control Unit
-Motor Controller
-650V -740V HV system
-48V LV System
-Electric powertrain kit
Nano-enriched lead acid battery


1961 Established in India.
1970's Emerged as the undisputed leader - and became the first name in forgings - in India by consolidation and growth.
1980's Grew from a primarily automotive ancillary to an engineering enterprise through emphasizing diversification.
1990-91 Major breakthrough in the developed markets of Japan, USA and UK for the critical suspension and engine components like front axle beams and machined crankshafts.
1991 Implementation of a large USD 50 million forging facility upgrade program by commissioning 16000 MT and 6000 MT screw press lines of Weingarten (Germany)
1997-98 Establishment of new machining facilities for crankshafts, front axle beams and heavy steering knuckles.
2000 Implementation of a USD 30 million forging facility expansion program by commissioning second 16000 MT's screw and 2500 MT's mechanical press lines of Weingarten (Germany).
Jan. 2002 Concluded an agreement for the supply of forgings to Dana Corporation's Spicer Europe Limited operation in Kirkstall, Leeds, U.K. (Kirkstall Forge Division in England and Wales).
Jan. 2004 Acquired Carl Dan. Peddinghaus GmbH & Co. KG (CDP), one of the largest German forging companies, with plants in Ennepetal and Daun/Eifel.
Dec. 2004 Acquired 100% ownership interest in CDP Aluminiumtechnik GmbH & Co KG. (CDP-AT) through a German subsidiary.
Jun. 2005 Acquired Federal Forge Inc., USA. Federal Forge is engaged in the design and manufacture of complex forged steel components for the automotive Industry.
Sep. 2005 Acquired a 100 percent stake in Imatra Kilsta AB, which includes its wholly owned subsidiary, Scottish Stampings Limited.
Mar. 2006 In China, established a joint venture, FAW Bharat Forge (Changchun) Company Limited with FAW Corporation of China.
2008 Established Heavy Duty Crankshaft Forging and Machining facility at Baramati.
2009 Established the Ring Rolling facility at Baramati.
2010 Established Kalayani Center for Technology and Innovation.
Nov. 2012 Closed Bharat Forge America.
Jan. 2014 Divested stake in JV, FAW Bharat Forge (Changchun), to China FAW Corporation Limited for USD 28.2 million.
Sep. 2014 Divested entire 50% stake in its joint venture, Impact Automotive Solutions Ltd., to joint venture partner KPIT Technologies Limited, for INR 108 million.
Nov. 2016 Acquired a 100% stake in Walker Forge Tennessee LLC & PMT Holdings Inc. USA through the Company’s U.S. subsidiary, Bharat Forge America Inc., USA for USD 14 million.
Nov. 2017 Setting up a Center for Light Weighting Technology (LWT) in Andhra Pradesh
Jan. 2018 Bharat Forge has opened a research and development facility in UK, in MIRA Technology Park
June 2018 Strategic investment of GBP 10 million in Tevva Motors (Jersey) Limited
Apr. 2019 Acquired 50% stake in Eternus Performance Materials
May 2019 Acquired 26% stake in Aeron Systems
Sep. 2019 Acquired 50% stake in Refu Drive GmbH
Mar. 2021 Acquisition of Kalyani Powertrain Private Limited
Mar. 2022 Started production at the aluminum forging facility in North Carolina, US

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