Bharat Forge Ltd.

Company Profile

■URL

https://www.bharatforge.com/

■Address

Mundhwa, Pune Cantonment, Pune 411036, Maharashtra, India

Business Overview

The Company is a global leader in manufacturing forged and machined components for both automotive and non-automotive sectors. It is the world’s leading powertrain and chassis component manufacturer, having front-line design and engineering, dual shore manufacturing and full-service supply capabilities. Their multi-sectoral engineering expertise, full service supply capabilities, and innovative solutions have driven our transformation towards multi-product company serving diverse sectors. The company has over 50 years of manufacturing excellence, with 30 years of exporting experience and market capitalization of over INR 592.92 billion.

The company has 18 manufacturing locations across 5 countries with 11 plants in India. Further, it has 27 subsidiaries, out of which 14 are Indian subsidiaries and 13 are global subsidiaries as on 31st March 2025. The company has annual forging capacity of 773,910 tonnes per annum. Kalyani Powertrain, 100% owned by Bharat Forge, operates as Bharat Forge's dedicated platform for electric vehicle solutions, focusing on providing a comprehensive range of products for the electrification of commercial vehicles

Shareholders

-Listed on the Bombay Stock Exchange, Pune Stock Exchange and National Stock Exchange of India.

(As of Mar. 31, 2025)

Name or Company Name	Investment Ratio (%)
Promoters	44.1
Foreign Portfolio Investors	16.1
Mutual Funds (including Unit Trust of India)	20.8
Insurance Companies	8
Others	11
Total	100.0

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Products

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

Chassis
-Front axle beams
-Steering Knuckles
-Control Arm
-Knuckle
-Fork
-Reinforcement Bracket

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

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

E-Mobility
-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

Kalyani Powertrain Ltd. (Wholly owned Subsidiary of Bharat Forge)
-Dual Auxillary inverter
-Vehicle Control Unit

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History

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
2023	Indo Shell Mould Limited ("ISML") SIPCOT, Erode has been acquired by JS Auto Cast Foundry India Private Limited ("JS Auto") a subsidiary of Bharat Forge Limited.