Bharat Forge is involved in the manufacturing and selling of forged and machined compoundant for the auto and industry sectors. The company was incorporated in 1961 and commenced production in 1966. The company made investments in state-of-the-art forging technology and the commissioning of a 16000 MT press line in 1990._x000D_ _x000D_ In 2001, it commissioned a second 16000 MT press line and finished the first M&A by acquiring the order book of Dana. It established global manufacturing footprints across Europe, North America and China in 2003. The company continued its operational growth and inaugurated forging and high horsepower, industrial-rail, marine and oil & gas crankshaft machining facility at Baramati in 2009. The company entered into a partnership with Safran to address opportunities in Indian civil and military aerospace in 2014._x000D_ _x000D_ In 2018, the company made a strategic investment in an EV startup, TORK Motorcycles. Bharat Forge acquired a 49% stake in Kalyani Strategic Systems (KSSL) in 2022, a subsidiary of the company, from its existing shareholders. As a result, KSSL has become a wholly-owned subsidiary of the company. In 2023, Bharat Forge’s subsidiary J S Auto Cast Foundry India Private Limited acquired Shell Mould Limited SIPCOT in 2023._x000D_

Business Segments

_x000D_

_x000D_
• Automotive: The company manufactures automotive components under this business. The company is one of the leading exporters of Auto Components in India. In addition, it is also a leading Chassis Components manufacturer in the world.
_x000D_
• Power: It manufactures critical components for thermal, wind, hydro and nuclear applications. The product range under this business primarily includes Proof Machined Rotor, Welded Rotor, Fully Machined, etc.
_x000D_
• Oil & Gas: Under this business, it deals with high-value and high-technology oil and gas forgings. It supplies products to the Indian and global markets with applications across surface, sub-sea, deep-sea and shale.
_x000D_
• Rail: The company is one of the leading railway engine parts manufacturers of wheel sets, truck frames and rail components in India.
_x000D_
• Marine: Under this business, it supplies a range of technologically advanced products to the marine industry, which includes crankshafts, connecting rods and propeller shafts.
_x000D_
• Aerospace: The company is a leading supplier of various components - airframe, structural and engine parts for the aviation sector. It is also known as one of the best aircraft compressor manufacturers in India.
_x000D_
• Construction & Mining: It manufactures durable products for construction and mining. The products under this segment include tracklink, front spindles and engines.
_x000D_
• E-Mobility: It is a state-of-the-art R&D centres providing Full Powertrain Solutions, Systems and Sub Systems.
_x000D_
• Castings: The company operates this business through its wholly-owned subsidiary, JS Autocast Foundry India Pvt. Ltd, which has the capacity to produce 120000 LMT of ductile iron (DI) castings annually.
_x000D_

_x000D_

Subsidiaries

_x000D_ As of March 31, 2023, Bharat Forge has 33 subsidiaries and a few of them are listed below:_x000D_

_x000D_
• J S Auto Cast Foundry India Private Limited: It is a wholly-owned subsidiary company which operates the casting business of Bharat Forge.
_x000D_
• Kalyani Powertrain Limited (KPL): This is a wholly-owned subsidiary which caters to the e-mobility vertical under KPL.
_x000D_

_x000D_

Key Personnel

_x000D_ Mr. B N Kalyani, Chairman and Managing Director._x000D_ _x000D_ Mr. B N Kalyani is currently the Chairman and Managing Director of Bharat Forge Ltd. In 2023, he was reappointed to the position for a term of 5 years. He is an engineering graduate in Mechanical Engineering from BITS Pilani. He earned an MS degree from the Massachusetts Institute of Technology._x000D_

Corporate Actions

_x000D_ Bharat Forge issued bonus shares in the ratio of 1:1 in 2017, with a record date of September 28, 2017.