Bharat Forge is one of the leading forging companies in India, serving as a preferred technology and engineering driven development partner and global leader in metal forming, serving several sectors including Automotive, Railways, Aerospace, Marine, Oil and Gas, Power, Construction and Mining. The company is part of the USD 3.5 billion Kalyani Group and operates as a global leader in high-performance components across diverse industrial sectors.
Bharat Forge Limited is an Indian multinational company involved in forging, automotives, energy, construction and mining, railways, marine, aerospace and defence industries. The company was founded by Nilkanthrao A. Kalyani on 19 June 1961 and is headquartered in Pune, Maharashtra as the flagship company of the Kalyani Group. Currently, Bharat Forge operates the "world's largest single location forging facility consisting of fully automated forging press lines and state-of-the-art machining facility."
The company stands as the world's largest forging company with manufacturing facilities spread across India, Germany and Sweden, manufacturing a wide range of high performance, critical and safety components for the automotive and non-automotive sector. With over half a century of manufacturing history, Bharat Forge has built the largest repository of metallurgical knowledge in the region, providing end-to-end solutions including concept to product design, engineering, manufacturing, testing, and validation.
Bharat Forge Limited is a technology driven global leader in metal forming having transcontinental presence across eight manufacturing locations, serving several sectors including automotive, power, oil and gas, construction & mining, locomotive, marine and aerospace. The company supplies forged and machined engine and chassis parts for commercial and passenger vehicle manufacturers and suppliers, manufacturing more than 130,000 tons of steel and aluminum crankshafts, connecting rods, and camshafts for passenger cars, SUVs, light, medium and heavy commercial vehicles, tractors, and diesel engines. It operates about a dozen manufacturing plants across India, Germany, Sweden, China, and the US.
The company's Special Economic Zone (SEZ) named Khed City is spread over an area of 1,000 hectares in Khed taluka, representing the largest SEZ in Pune district. Bharat Forge generates approximately 40% of its sales from international markets outside India.
Bharat Forge offers chassis components, power and train components, transmission parts, rail products, construction and mining products, aerospace products, marine products and defense products. The company's automotive products include crankshaft, connecting rod, emission or after-treatment, fuel injection system, steering knuckles, control arm, knuckles, fork, reinforcement, bracket, transmission components and driveline components.
The company is the world's second-largest forgings manufacturer and specializes in the production of high-performance components for the automotive, power, oil and gas, construction and mining, railway, marine, aerospace, and defense industries. Its top products include crankshafts, camshafts, suspension components, transmission components, engine components, and chassis components, serving as a leading supplier to global brands such as Mercedes-Benz, BMW, Volvo, Audi, Renault, Ford, and General Motors.
The company also manufactures components for the Indian Armed Forces, and has supplied components to the Indian Space Research Organisation (ISRO). Through its subsidiary Kalyani Strategic Systems Ltd. (KSSL), Bharat Forge operates as a defence manufacturer that supplies components and subsystems to the Indian Armed Forces, and exports to other countries.
The BFL group's defence business reported revenue of ₹509 Crore in Q2 FY25, representing a 67% increase year over year. The executable order book stood at ₹5,905 Crore as of September 30, 2024. As of March 2025, the defence order book stood at Rs 9,420 Crores, with Bharat Forge group securing new orders worth Rs 6,959 Crore in FY25 with Defence accounting for 70% of those orders.
As of recent data, Bharat Forge has a market capitalization of ₹62,089 Crore, with annual revenue of ₹15,123 Crore and profit of ₹913 Crore. The company maintains a promoter holding of 44.1%. In Q2 FY25, Bharat Forge reported a consolidated net profit growth of 13.5% to ₹243 crore, though the company recorded a 2.3% drop in revenue from operations due to weakness in the European automotive market.
For the entire fiscal year FY25, Bharat Forge's net profit amounted to Rs 1,322.2 crore, reflecting a 7.2% decline from the previous year's figure of Rs 1,424.9 crore. The company's annual revenue saw a marginal drop, standing at Rs 8,843.8 crore as opposed to Rs 8,968.7 crore in FY24, representing a 1.4% decrease.
Positioned for exponential growth with more than 30 years of exporting experience, Bharat Forge is expanding into capital goods and infrastructure, contributing to India's transformation into a global economic powerhouse. The company has transitioned from traditional methods to AI-powered digitalization, revitalizing manufacturing, boosting exports, and expanding globally through R&D and automation.
In October 2024, Bharat Forge acquired AAM India Manufacturing (AAMIMCPL), a subsidiary of American Axle & Manufacturing Holdings, for ₹544.5 crore. The company demonstrates its commitment to sustainability as the first certified green steel manufacturers under Kalyani Group, striving for a carbon-neutral future by 2030.
Bharat Forge and its subsidiaries' strategic focus ensures alignment with market trends, solidifying India's position as an innovation hub on the world stage. By continuously upgrading technologies, Bharat Forge remains a cornerstone in shaping a resilient and inclusive industrial ecosystem at a global level.
