Bharat Forge

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

Bharat Forge Limited
TypePublic
BSE: 500493; NSE: BHARATFORG
ISININE465A01025
IndustryForging
Metals
Machinery
Engineering
Founded1961 by Dr. Nilkanthrao A. Kalyani
HeadquartersPune, Maharashtra, India
Key people
Baba Kalyani, Chairman
ProductsFront axle assembly & components, general engineering equipment, hydraulic & mechanical presses, bandsaw machines for cutting metallic rounds, couplings and material handling equipment
Revenue₹8,243.71 crore (US$1.1 billion) [1] (2020)
₹583.53 crore (US$77 million) [1] (2020)
₹349.83 crore (US$46 million) [1] (2020)
Total assets₹11,562.84 crore (US$1.5 billion) [2] (2020)
Total equity₹5,219.74 crore (US$690 million) [2] (2020)
ParentKalyani Group
Websitebharatforge.com

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

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 started its manufacturing facility at Sanand in Gujarat.[3]

In 2015, Bharat Forge had total sales of over US$1.3 billion and a market capitalisation of over US$4.5 billion.

Currently Bharat Forge is the "world’s largest single location forging facility consisting of fully automated forging press lines and state-of-the-art machining facility"[4] It has manufacturing operations in four locations:

  • Mundhwa: forging and machining facility spread across 100 acres;
  • 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 Khed City[5] is the biggest SEZ in Pune, spread over 1,000 hectares (4200 acres) of notified land in Khed taluka.[6][7]

Bharat Forge's products include front axle beams, steering knuckles, connecting rods and crankshafts. The new strategy is to augument a strong global footprint in Lightweight materials.[8] As part of its risk mitigation efforts, Bharat Forge diversified into a variety of industrial sectors including oil & gas, infrastructure, and marine. Some of BFL's largest customers include Daimler Group, VW Group, Meritor and Dana etc. The company also has an extensive collaboration with major truck manufacturers.

References
  1. "Bharat Forge Consolidated Profit & Loss account, Bharat Forge Financial Statement & Accounts". www.moneycontrol.com. Retrieved 30 June 2020.
  2. "Bharat Forge Consolidated Balance Sheet, Bharat Forge Financial Statement & Accounts". www.moneycontrol.com. Retrieved 30 June 2020.
  3. "Alstom Bharat Forge Begins Production at Gujarat Plant".
  4. "Bharat Forge - National Presence".
  5. "Khed City Official Site". Archived from the original on 8 February 2013.
  6. ET Bureau (28 April 2010). "Bharat Forge plans to start marketing Khed SEZ". The Economic Times. India.
  7. Biswas, Partha Sarathi (24 January 2013). "New industrial policy unlikely to increase housing stock". The Indian Express.
  8. ET Bureau. "Bharat Forge to invest-56-million-to-set-up-new-plant-in-US".
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