Bharat Forge Limited is an Indian multinational company involved in

forging Forging is a manufacturing process involving the shaping of metal using localized compressive forces. The blows are delivered with a hammer (often a power hammer) or a die. Forging is often classified according to the temperature at which i ...

, automotives, energy, construction and mining, railways, marine, aerospace and defence industries. The company was founded by Nilkanthrao A. Kalyani on 19 June 1961. Headquartered in

Pune Pune (; ; also known as Poona, (List of renamed Indian cities and states#Maharashtra, the official name from 1818 until 1978) is one of the most important industrial and educational hubs of India, with an estimated population of 7.4 million ...

Maharashtra Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union te ...

, it is the flagship company of the

Kalyani Group The Kalyani Group is an Indian multinational conglomerate focused in four primary sectors, viz. Engineering Steel, Automotive & Non-Automotive Components, Renewable Energy & Infrastructure and Specialty Chemicals. It has also made strides into ...

. Bharat Forge's Special Economic Zone (SEZ) named

Khed City Khed City is an Industrial park near Pune, India. With an area of over 4200 acres, Khed city is a joint venture between Kalyani Group, Kalyani group and MIDC (Maharashtra Industrial Development Corporation, Maharashtra Industrial Development Corpo ...

is spread over an area of 1,000 hectares (4200 acres) in Khed taluka, and is the largest SEZ in

Pune district Pune district (Marathi pronunciation: Help:IPA/Marathi, uɳeː is the most populous district in the Indian state of Maharashtra. The district's population was 9,429,408 in the 2011 census, making it the fourth most populous district amongst I ...

. 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. 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. 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." 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;

History

Bharat Forge was founded by Nilkanthrao A. Kalyani on 19 June 1961. It was the first company promoted by the

and remains the Group's flagship company. The current chairman of the company is the founder's son,

Baba Kalyani Babasaheb Neelkanth Kalyani is an Indian businessman who served as the chairman and managing director of Bharat Forge, the Flagship company of the Kalyani Group and the world's second-largest forgings manufacturer after ThyssenKrupp of Germany. ...

. Bharat Forge's Investment and Windmills divisions were demerged to a new company named BF Utilities Limited on 15 September 2000. Bharat Forge recorded an all-time revenue high of in 2019. The company's market capitalization reached an all-time high of in 2021.

Subsidiaries

Bharat Forge Kilsta, Bharat Forge CDP, and BF Aluminiumtechnik are the company's Europe-based forging units. Other subsidiaries of Bharat Forge include:

Kalyani Strategic Systems

Kalyani Strategic Systems Ltd. (KSSL) is a defence manufacturer that supplies components and subsystems to the Indian Armed Forces, and exports to other countries. The company holds an Industrial License under the '' Arms Act, 1959''. In May 2021, Bharat Forge announced that it would raise its stake in KSSL from 51% to 100%.

Kalyani Rafael Advanced Systems

Kalyani Rafael Advanced Systems (KRAS) is joint venture between KSSL and Israeli defence company Rafael Advanced Defense Systems established in 2015. KSSL holds a 51% stake, while Rafael holds the remaining 49%. The Kalyani Group claimed that it was the first private sector advanced defence subsystems manufacturing company in India. KRAS manufactures electro-optics, remote weapon systems, precision guided munitions and system engineering for system integration. KRAS established a 24,000 sq ft defence manufacturing facility in

Hyderabad Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part ...

, Telangana in August 2017. The first product planned to be produced at the facility was the Israeli

Spike Spike, spikes, or spiking may refer to: Arts, entertainment, and media Books * ''The Spike'' (novel), a novel by Arnaud de Borchgrave * ''The Spike'' (book), a nonfiction book by Damien Broderick * ''The Spike'', a starship in Peter F. Hamilto ...

anti-tank guided missiles (ATGM). However, the Government of India assigned the ATGM programme to the Defence Research and Development Organisation, after which KRAS pivoted to producing Spice 2000 bombs. In July 2019, KRAS received a $100 million contract to produce 1,000

Barak 8 Barak 8 ( he, בָּרָק, lit. "Lightning"), also known as LR-SAM or as MR-SAM, is an Indo-Israeli jointly developed surface-to-air missile (SAM) system, designed to defend against any type of airborne threat including aircraft, helicopters, ant ...

medium-range

surface-to-air missile A surface-to-air missile (SAM), also known as a ground-to-air missile (GTAM) or surface-to-air guided weapon (SAGW), is a missile designed to be launched from the ground to destroy aircraft or other missiles. It is one type of anti-aircraft syst ...

s (MR-SAM) for the

Indian Army The Indian Army is the land-based branch and the largest component of the Indian Armed Forces. The President of India is the Supreme Commander of the Indian Army, and its professional head is the Chief of Army Staff (COAS), who is a four- ...

and

Air Force An air force – in the broadest sense – is the national military branch that primarily conducts aerial warfare. More specifically, it is the branch of a nation's armed services that is responsible for aerial warfare as distinct from an a ...

. On 16 March 2021, KRAS announced that it had begun delivery of the first batch of MR-SAMs. This was the second product built at the Hyderabad plant.

Sharp India

Kalyani Telecommunications & Electronics Pvt. Ltd. was incorporated on 5 July 1985 by Bharat Forge. The company manufactured

black and white Black-and-white (B&W or B/W) images combine black and white in a continuous spectrum, producing a range of shades of grey. Media The history of various visual media began with black and white, and as technology improved, altered to color. ...

and

colour Color (American English) or colour (British English) is the visual perceptual property deriving from the spectrum of light interacting with the photoreceptor cells of the eyes. Color categories and physical specifications of color are associ ...

television set A television set or television receiver, more commonly called the television, TV, TV set, telly, tele, or tube, is a device that combines a tuner, display, and loudspeakers, for the purpose of viewing and hearing television broadcasts, or using ...

s, and

videocassette recorder A videocassette recorder (VCR) or video recorder is an electromechanical device that records analog audio and analog video from broadcast television or other source on a removable, magnetic tape videocassette Videotape is magnetic tape ...

s under the brand name Optonica. It became a public limited company on 20 September 1985. The company was renamed Kalyani Sharp India Ltd. on 2 May 1986. Japan's

Sharp Corporation is a Japanese multinational corporation that designs and manufactures electronic products, headquartered in Sakai-ku, Sakai, Osaka Prefecture. Since 2016 it has been majority owned by the Taiwan-based Foxconn Group. Sharp employs more than 5 ...

acquired a 40% stake in Kalyani Sharp India Ltd. in 1990. The company was renamed Sharp India Ltd. in 2005.

Former subsidiaries

Alstom Bharat Forge Power

Alstom Bharat Forge Power Limited was a joint venture with French company

Alstom Alstom SA is a French multinational rolling stock manufacturer operating worldwide in rail transport markets, active in the fields of passenger transportation, signalling, and locomotives, with products including the AGV, TGV, Eurostar, Avelia ...

. Originally, Alstom held a 51% stake and Bharat Forge held the remaining 49%. Alstom's shares were acquired by American conglomerate

General Electric General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energ ...

on 25 November 2015 as part of its global acquisition of Alstom's energy business. Alstom Bharat Forge won a contract to supply two units of 660 MW supercritical coal turbines to

NTPC Limited NTPC Limited, formerly known as National Thermal Power Corporation Limited, is an Indian central public sector undertaking under the ownership of the Ministry of Power, Government of India which is engaged in generation of electricity and ...

for a power plant in

Solapur Solapur () is a city located in the south-western region of the Indian state of Maharashtra, close to its border with Karnataka. Solapur is located on major highway, rail routes between Mumbai, Pune, Bangalore and Hyderabad, with a branch line ...

, Maharashtra. Alstom Bharat Forge began production of supercritical turbines and generators at a new manufacturing facility at Sanand, Gujarat in May 2016. The company won a contract to supply two units of 800 MW ultra-supercritical steam turbine generator islands for the Telangana Super Thermal Power Project Phase-1 near

Ramagundam Ramagundam is a city and municipal corporation in Peddapalli district of the Indian state of Telangana. It is the most populous city in the district and falls under the Peddapalli revenue division. It is located on the banks of the Godavari R ...

. On 8 November 2016, the board of Bharat Forge approved the exit of the company from Alstom Bharat Forge Power. In March 2017, Bharat Forge announced that it would divest 23% of its shares to GE, and the remaining 26% stake was divested in February 2018 completing Bharat Forge's exit from Alstom Bharat Forge Power.

References

External links

*
Kalyani Strategic Systems website

Kalyani Rafael Advanced Systems website
{{Authority control Manufacturing companies established in 1961 Companies based in Pune Multinational companies headquartered in India Manufacturing companies of India 1961 establishments in Maharashtra Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange Indian companies established in 1961