Bharat Forge Ltd.
-The Company is a global leader in manufacturing forged and machined components for both automotive and non-automotive sectors.
-The Company has 10 manufacturing locations across 5 countries.
-The Company is the flagship company of the Kalyani Group.
-The Company has 9 direct subsidiaries out of which 4 are registered outside India and 5 are in India.
-As of March 2018, the Company and its subsidiaries and affiliates have an annual forging capacity of 625,000 tons.
|-Listed on the Bombay Stock Exchange,
Pune Stock Exchange and National Stock Exchange of India.
|(As of Mar. 31, 2018)|
|Name or Company Name||Investment Ratio (%)|
|Foreign Portfolio Investors||
|Mutual Funds (including Unit Trust of India)||7.5|
|Financial Institutions/ Bank||3.8|
-Fuel Injection system
-Front axle beams
-Gear counter shafts
-Main & Counter Shafts
-Input Shaft & Output Shafts
-Tandem Axle Component
-Gears with Near Net from Teeth
-Conventional and Near net forged pinion
-Full Powertrain Solutions
-Systems & Sub Systems
-Parts for Powertrain
|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|
Supplemental Information 1
>>>Business Report FY ended Mar. 31, 2007
>>>Business Report FY ended Mar. 31, 2008
>>>Business Report FY ended Mar. 31, 2009
>>>Business Report FY ended Mar. 31, 2010
>>>Business Report FY ended Mar. 31, 2011
>>>Business Report FY ended Mar. 31, 2012
>>>Business Report FY ended Mar. 31, 2013
>>>Business Report FY ended Mar. 31, 2014
>>>Business Report FY ended Mar. 31, 2015
Note: A figure in brackets ( ) indicates a loss