Bharat Gears Ltd.

Company Profile



Hoechst House, 14th Floor, Nariman Point, Mumbai 400 021, Maharashtra, India

Business Overview

-A leading gear manufacturer in India.

-The Company's business comprises of the following three divisions:

  • Gears: The Company manufactures a wide range of ring gears and pinions, transmission gears and shafts, differential gears, and gearboxes. In the fiscal year ended March 31, 2016, the Company’s largest sales segment was agriculture machinery, which contributed 59% of the Company’s sales, followed by the automotive segment which includes light, medium, and heavy commercial vehicles, which comprised 24% of the Company’s sales. Construction equipment and others contributed 8% and 9% of the Company’s sales, respectively.
  • Auto Components: Develops and manufactures parts for the automotive aftermarket
  • Furnaces: Manufactures heat treatment furnaces on site primarily for the automotive component industry

-The Company has embarked on a long term strategy in the last few years that focused on exports.


Listed on the Bombay Stock Exchange and the National Stock Exchange of India

(As of Mar. 31, 2016)
Shareholding Category Shareholding Ratio (%)
Promoters and Promoter Groups 52.98
Indian Public 47.02
Total 100.00


Ring and pinion gears
-Hypoid ring gears - face milling and face hobbing
-Spiral ring gears and pinions 

Transmission gears and shafts

Differential gears
-Differential gears
-Differential crosses

-Synchromesh gearboxes
*Gearboxes manufactured under license from ZF Friedrichshafen AG of Germany.


1972 Foundation stone laid at Mumbra Factory.
1974 Inauguration of the Hypoid Plant and commencement of production with Gleason Machines.
1980 First Oerlikon Spiromatic Generator installed.
1981 Memorandum of association signed with AFC-Holcroft, USA for construction of furnaces in India to AFC-Holcroft design.
1985 Collaboration agreement with ZF Friedrichshafen AG, Germany (until May, 2007)
1987 Delivery for ZF S6-36 Gears & Shafts to Ashok Leyland Ltd. and ZFAG, Germany.
1987 Start of Assembly of ZF S5-24 Gear Boxes for Ashok Leyland.
1988 Start of business with Dana Corporation of the USA.
1994 The Company receives ISO 9002 certification.
1996 The Company reaches sales turnover of INR 1 billion.
2000 The Company receives QS 9000 certification. Start of Commercial production at Faridabad
2004   BGL Faridabad starts supply to Toyota Kirloskar Auto Parts.
BGL Faridabad receives ISO 14001 certification.
2005 The Company receives ISO/TS-16949 & ISO 14001:1996 certification.
2008 Introduction of Dry Cut Hobbing process.
2009 Introduction of Klinglenberg Close Loop CNC Gear Measuring system.
2010 Introduction of Bevel Gear dry cutting process with close loop
2013 Established a new plant in Lonand, Maharashtra, India.
Introduction of Klingelnberg CNC gear cutting machine (C50) and shaving cutter sharpening machine (SRS-410)

Supplemental Information 1