Bharat Forge

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Bharat Forge
Public company (BSE & NSE)
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
RevenueGreen Arrow Up.svg 74,846.5 million (US$1.0 billion) (2015)[1]
ParentKalyani Group Edit this on Wikidata
Websitebharatforge.com

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

The company has now entered into the defence sector and is moving from being a components manufacturer to a complete product maker.

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 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.[citation needed]

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[citation needed]
  • 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[3] is the biggest SEZ in Pune, spread over 1,000 hectares (4200 acres) of notified land in Khed taluka.[4][5]

BFL's 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 and Dana etc. with extensive collaboration with major truck manufacturers.

References[edit]

  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 8 February 2013.
  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.