The Kalyani Group is an Indian multinational

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** ...

focused in four primary sectors, viz. Engineering Steel, Automotive & Non-Automotive Components, Renewable Energy & Infrastructure and Specialty Chemicals. It has also made strides into defence manufacturing, which has been showcased in DefExpo 2020. The group's annual turnover exceeded USD 2.5 billion as of 2011 and has joint ventures with companies such as

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

Carpenter Technology Corporation Carpenter Technology Corporation develops, manufactures, and distributes stainless steels and corrosion-resistant alloys. In fiscal year 2018, the company's revenues were derived from the aerospace and defense industry (55%), the industrial and ...

Iochpe-Maxion Iochpe-Maxion S.A. is an automobile components manufacturer based in São Paulo. Overview The company has 25 industrial units, three offices and nearly 19 thousand employees located in 14 countries. The Iochpe Maxion Group operates two divisi ...

Meritor Meritor, Inc. is an American corporation headquartered in Troy, Michigan, which manufactures automobile components for military suppliers, trucks, and trailers. Meritor is a Fortune 500 company. In 1997, Rockwell International spun off its auto ...

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 t ...

, and

Rafael Advanced Defense Systems Rafael Advanced Defense Systems Ltd. ( he, רפאל - מערכות לחימה מתקדמות בע"מ, formerly Rafael Armament Development Authority), ("Rafael" from Hebrew acronym of "Authority for the Development of Armaments" - ) is an Israel ...

History

The Kalyani Group was founded by Nilkanth Rao Kalyani. The group's first company,

Bharat Forge 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. Hea ...

, was incorporated on 19 June 1961. The group is currently chaired by Nilkanthrao'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. ...

Companies

The group holds key stakes in a number of companies:

Bharat Forge

Bharat Forge is the Kalyani Group's first company founded on 19 June 1961. It manufactures automotive components as well as components for industries such as aerospace, railways, marine, and conventional and non-conventional energy. Bharat Forge is the flagship company of the Kalyani Group and has several subsidiaries. Bharat Forge Kilsta, Bharat Forge CDP, and BF Aluminiumtechnik are the company's Europe-based forging units. Defence manufacturer Kalyani Strategic Systems Ltd. is a wholly-owned subsidiary of Bharat Forge. Kalyani Strategic Systems owns a 51% stake in Kalyani Rafael Advanced Systems, a joint venture with Israeli defence company

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, and can play back the reco ...

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

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

Kalyani Steels

Kalyani Steels Limited (KSL) was established in February 1973 to fulfill the group's in-house requirements for forging quality steel. It manufactures special carbon and alloy steels, and alloy steel ingots blooms and billets.

Kalyani Carpenter

Kalyani Carpenter Special Steels Ltd. was established in 1999 as a joint venture between Kalyani Steels and American company

. Kalyani Steels' original facility in Pune is now operated by Kalyani Carpenter.

Kalyani Forge

Ellora Engineering Co. Pvt. Ltd. was founded by Neelkanth A. Kalyani in 1979, and began commercial production of forgings in 1981. The company was renamed Kalyani Forge Limited in 1992.

Kalyani Technoforge

Kalyani Technoforge Limited, formerly Kalyani Thermal Systems Limited, was established in 1979. It manufactures forgings, machined components, sub-assemblies and assemblies.

Automotive Axles

Automotive Axles Limited (AAL) was established in 21 April 1981 as a joint venture between the Kalyani Group (35.52%) and American company

(35.52%). It manufactures drive axles, non-drive axles, front steer axles, specialty axles, defence axles, and drum and disc brakes. Automotive Axles has manufacturing plants in Mysore, Karnataka and Jamshedpur, Jharkhand.

Kalyani Global

Kalyani Global Engineering Private Limited was established in 1985. It is engaged in the urban infrastructure and construction industry.

Hikal

Hikal Limited is a specialty chemicals company established in 1988. It manufactures active ingredients and intermediates, and provides R&D services for pharmaceutical, animal health, biotech, and crop protection companies.

Kalyani Maxion Wheels

Baba Kalyani established a wheel manufacturing facility in

Chakan, Pune Chakan (Pronunciation: ͡saːkəɳ is a census town in India, in Pune district of the Indian state of Maharashtra. While agriculture remains an important factor, the town's industrial development is quickly urbanizing the area. History Chakan ...

, at the request of

Ratan Tata Ratan Naval Tata, GBE (born 28 December 1937) is an Indian industrialist and former chairman of Tata Sons. He was also the chairman of the Tata Group from 1990 to 2012, serving also as interim chairman from October 2016 through February 201 ...

, with technology from Hayes Lemmerz. Kalyani Lemmerz Ltd (KLL) was established as joint venture between the Kalyani Group (75%) and Hayes Lemmerz International Inc (25%) in 1996. In 1998, Hayes Lemmerz increased its stake in the company to 85%, with the Kalyani Group holding the remaining 15%. In February 2007, Kalyani Lemmerz announced that it would invest $25 million to expand capacity at its wheel manufacturing facility at Chakan. Hayes Lemmerz International Inc was acquired by Brazilian company

in October 2011. Kalyani Lemmerz Ltd. was renamed Kalyani Maxion Wheels Ltd. following the acquisition.

BF Utilities

BF Utilities Limited was established on 15 September 2000 as a result of the demerger of the Investment and Windmills division of Bharat Forge Limited. The Investment business was demerged again from BF Utilities Ltd to a new company called BF Investment Ltd. (BFIL) on 14 January 2011.

Kalyani Investment

Kalyani Investment Company Limited (KICL) was established on 25 June 2009 by demerging the Investment business of Kalyani Steels and amalgamating it with the "Investment Undertaking" of three Kalyani Steel subsidiaries.

BF Investment

BF Investment Ltd. (BFIL) was established on 14 January 2011 as result of the demerger of the Investment division from BF Utilities Ltd. BFIL holds stakes in several other Kalyani Group companies.

Baramati Speciality Steels

Baramati Speciality Steels Limited (BSSL) was founded in 2011. It is located in Satara, Maharashtra.

Synise Technologies

Synise Technologies Ltd. is a company focused on

procurement Procurement is the method of discovering and agreeing to terms and purchasing goods, services, or other works from an external source, often with the use of a tendering or competitive bidding process. When a government agency buys goods or s ...

and Selling Services.

KCTI

Kalyani Centre for Technology and Innovation (KCTI) is an ISO17025 NABL certified laboratory established in Pune by the Kalyani Group at an investment of $14 million. The lab is recognized by the Department of Science and Technology, and by

Rolls-Royce Rolls-Royce (always hyphenated) may refer to: * Rolls-Royce Limited, a British manufacturer of cars and later aero engines, founded in 1906, now defunct Automobiles * Rolls-Royce Motor Cars, the current car manufacturing company incorporated in ...

and

Boeing The Boeing Company () is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and ...

Former companies

Bharat FC

Kalyani Group forayed into Indian football by launching a football club named Kalyani Bharat FC on 23 November 2014. The club began competing in

I-league The I-League (known as Hero I-League for sponsorship ties with Hero MotoCorp) is the second-tier men's professional football competition of the Indian football league system. It is currently contested by 12 clubs across the country with the wi ...

from January 2015, and were given a direct entry to I-league by the AIFF as an initiative to bring corporates into football. Bharat FC was the 2nd team to enter I-league under this initiative after

JSW Group JSW Group is an Indian multinational conglomerate, based in Mumbai. It is led by Sajjan Jindal and part of the O.P. Jindal Group. The Group's diverse businesses include steel, energy, infrastructure, cement and paints, across India, the Unit ...

-led

Bengaluru FC Bengaluru Football Club () is an Indian professional football club based in Bangalore, Karnataka. The club competes in the Indian Super League, the top flight of Indian football. The club was established on 20 July 2013, and began its first ...

which entered the league in 2013–14 season. Bharat FC played only one season of the I-League, finishing at the bottom of the table, before closing down.

Kalyani Brakes

Kalyani Brakes was a joint venture company in which the Kalyani Group and Bosch held a 40% stake each. The company manufactured conventional braking systems and components for passenger cars, tractors, three-wheelers and two-wheelers. Bosch bought out the Kalyani Group's stake in the joint venture in January 2013. Kalyani Brakes was renamed Bosch Chassis Systems India.

Kenersys GmbH

The Kalyani Group acquired

Münster Münster (; nds, Mönster) is an independent city (''Kreisfreie Stadt'') in North Rhine-Westphalia, Germany. It is in the northern part of the state and is considered to be the cultural centre of the Westphalia region. It is also a state di ...

, Germany-based wind energy and design consulting firm RSB Consult GmbH on 3 September 2007 for an undisclosed amount. The company was renamed Kenersys GmbH, an abbreviation for Kalyani Energy Systems. US-based private equity firm First Reserve Corporation acquired a stake in Kenersys in April 2008. Kalyani Group appointed Paulo Fernando, who was previously the CEO of

Suzlon Suzlon Energy Limited (NSE:SUZLONEQ, BSE:532667) is an Indian multinational wind turbine manufacturer based in Pune, India. It was formerly ranked by MAKE as the world's fifth largest wind turbine supplier.Source: MAKE Report: Global Wind Turb ...

China, as the new CEO of Kenersys in June 2010. In September 2010, Kenersys was awarded a contract by Bharat Forge to build a 8 MW wind turbine in

Satara district Satara district (Marathi pronunciation: aːt̪aɾaː is a district of Maharashtra state in western India with an area of and a population of 3,003,741 of which 14.17% were urban (). Satara is the capital of the district and other major towns ...

, Maharashtra. Kenersys established a wind turbine production plant at

Baramati Baramati ( aːɾamət̪iː is a city, a tehsil and a municipal council in Pune district in the state of Maharashtra, India. The city is about 100 KM (62 miles) southeast of the city of Pune and about 250 KM from Mumbai. Baramati is locat ...

Pune district Pune district (Marathi pronunciation: 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 India's 640 district ...

in September 2011. In August 2016, the Kalyani Group reached an agreement to sell Kenersys to German wind turbine manufacturer

Senvion Senvion S.A. (called REpower Systems SE until 2014) was a German wind turbine manufacturer founded in 2001 in Germany, majority owned by a private equity firm. Senvion as REpower Systems, as it was initially called, was established in 2001 th ...

for an estimated .

Alstom Bharat Forge Power

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

and Bharat Forge. 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 ene ...

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 an ...

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 ...

, Maharashtra. Alstom Bharat Forge began production of supercritical turbines and generators at a new manufacturing facility at

Sanand Sanand is a city and a municipality in Ahmedabad district in the Indian state of Gujarat. It is a major industrial hub of Western India, host to manufacturing plants of multiple domestic and foreign companies like Tata Motors, Nivea, Nestl ...

, 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 Godava ...

. 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

Bharat Forge websiteKalyani Steels websiteKalyani Forge websiteKalyani Technoforge website
{{Authority control Conglomerate companies of India Companies based in Pune 1961 establishments in Maharashtra Conglomerate companies established in 1961 Indian companies established in 1961 Multinational companies headquartered in India