Bharat Forge

Bharat Forge
Public company (Bombay Stock Exchange BSE & NSE)
Industry Forging
Metals
Machinery
Engineering
Founded in 1961 by Dr. N.A. Kalyani
Headquarters Pune, Kharadi Maharashtra, India
Key people
 Baba Kalyani Chairman
Products Front axle assembly and components, general engineering equipment, hydraulic and mechanical presses, bandsaw machines for cutting metallic rounds, couplings and material handling equipment
Revenue ₹74,846.5 million (US$1.0 billion) (2015)[1]
Website www.bharatforge.com

Bharat Forge Limited (BFL) is a Pune-based Indian multinational company involved in automotives, power, oil and gas, construction & mining, locomotive, marine and aerospace industries.

The company was founded by Nilkanthrao Kalyani in 1961. The current chairman of the company is his son, Baba Kalyani. It is part of the Kalyani Group, which is a USD $2.5 billion conglomerate with 10,000 global work force. Amit Kalyani, Baba Kalyani's son, is the Executive Director of the company.

The company has made a strong foray into the defence and aerospace sectors and is moving from being a components manufacturer to a complete product maker.

Bharat Forge has signed a joint venture with France-based power generation company Alstom for turbines and generators. Alstom holds 51% of the shares and Bharat Forge 49% in the joint venture. Alstom Bharat Forge Power Ltd has started its manufacturing facility at Sanand in Gujarat.[2]

In 2015, Bharat Forge had total sales of over US$ 1.3 billion and a market capitalisation of over US$4.5 billion. It was rated as one of the best companies in Asia by Forbes magazine because of its high growth rate.

Currently Bharat Forge has manufacturing operations in four locations:

  • Mundhwa: forging and machining facility spread across 100 acres; the largest forging facility in the world
  • Satara: general engineering division
  • Baramati: forging and machining facility, known for its ring rolling presses
  • Chakan: machining facility

Bharat Forge's Special Economic Zone (SEZ) named as Khedcity[3] is the biggest SEZ in Pune, spread over 1,000 hectares (4200 acres) of notified land in Khed taluka.[4][5]

BFL's "bread and butter" products include front axle beams, steering knuckles, connecting rods and crankshafts. As part of its risk mitigation efforts, BFL diversified into a variety of industrial sectors including oil & gas, infrastructure, and marine. It is aiming to double its revenues by 2020 and is one of the stocks in the Bombay Stock Exchange. Some of BFL's largest customers include Daimler Group, VW Group, Meritor, Dana etc. with extensive collaboration with all major truck manufacturers including Paccar, Volvo, Navistar etc.

BFL is developing it's capabilities in electric vehicles by investing in the development of market-beating proprietary batteries and a strategic investment in electric motorbike company Tork Motorcycles. In defense and aerospace, BFL's latest collaborations have made it posible to develop complete ATV solutions and is now aiming to make its own helicopter engine.

References

  1. ↑ "Bharat Forge FY 2015 results - Business". moneycontrol.com.
  2. ↑ "Alstom Bharat Forge Begins Production at Gujarat Plant".
  3. ↑ "Khed City Official Site". Archived from the original on 2013-02-08.
  4. ↑ ET Bureau (28 April 2010). "Bharat Forge plans to start marketing Khed SEZ". The Economic Times. India.
  5. ↑ Biswas, Partha Sarathi (24 January 2013). "New industrial policy unlikely to increase housing stock". The Indian Express.


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