What Bharat Forge makes

Bharat Forge is a forging and machining company headquartered in Pune, India, and the flagship manufacturing business of the Kalyani Group. Its Mundhwa plant in Pune is the world's largest single-location forging facility, running fully automated forging press lines alongside large-scale machining. The company builds its work on what it calls the 4M platform: metallurgy, metal forming, manufacturing, and machining.

The product range spans closed-die and open-die forgings, machined components, and castings for a wide set of sectors. Automotive is the largest, covering commercial and passenger vehicles with parts such as front axle beams, crankshafts, connecting rods, and steering knuckles supplied to OEMs and tier suppliers. Beyond automotive, Bharat Forge serves defence, aerospace, oil and gas, railways, marine, power and energy across wind, thermal and hydro, construction and mining, e-mobility, and general engineering. The aerospace unit forges and machines critical components under its own quality system, and a lightweighting centre in Nellore, Andhra Pradesh produces aluminium castings for automotive and industrial use.

The company positions itself as an engineering partner that works from concept and product design through tool and die manufacturing, forging, machining, and quality testing, rather than as a build-to-print forging shop. That end-to-end scope is what lets it move parts across sectors as demand shifts.

Financial performance

Bharat Forge is listed on the National Stock Exchange (BHARATFORG) and the Bombay Stock Exchange (500493), with a market capitalization of roughly Rs 98,000 crore as of September 2026. For the financial year ended March 2026, consolidated revenue was Rs 16,812 crore, up 11.2 percent from Rs 15,123 crore in FY2025. Consolidated net profit rose 19.3 percent to Rs 1,089 crore, and the operating margin held at about 17 percent. Those figures translate to roughly $2.0 billion in revenue.

The three-year picture shows a company that dipped and recovered: revenue was Rs 15,682 crore in FY2024, softened to Rs 15,123 crore in FY2025, then grew to Rs 16,812 crore in FY2026, with net profit climbing from Rs 910 crore to Rs 913 crore to Rs 1,089 crore over the same span. Management has flagged tariff and regulatory uncertainty in export markets as a headwind while pointing to a growing defence order book of Rs 10,961 crore, with defence revenue projected at Rs 2,500 to 3,500 crore by FY2027-28.

Ownership and history

Bharat Forge was founded in 1961 and is the flagship of the Kalyani Group, a diversified Indian industrial conglomerate. Leadership sits with the Kalyani family: Baba N. Kalyani serves as Chairman and Managing Director, Amit Kalyani as Vice-Chairman and Joint Managing Director, with B. P. Kalyani and S. E. Tandale as executive directors. The company describes a strategy of diversification away from a purely automotive base toward defence, aerospace, and industrial sectors, a shift visible in its recent contract wins.

The manufacturing footprint runs to 18 locations across five countries. In India, the company operates the Pune forging complex, a Centre for Advanced Manufacturing at Baramati, machining operations at Satara for wind, oil and gas and power components, and the aluminium lightweighting centre at Nellore. Its global operations include Bharat Forge Aluminum USA, a greenfield aluminium plant in Surgoinsville, Tennessee that began production in 2021, Kalyani Mobility Driveline in the United States, Bharat Forge CDP and Aluminiumtechnik in Germany, Bharat Forge Kilsta in Sweden, and Mecanique Generale Langroise in France. The company describes this as a dual-shore model that keeps it close to automotive and industrial customers in multiple regions.

Certifications and quality

Bharat Forge holds IATF 16949:2016 and ISO 9001:2015 certifications, with certificates dated 9 May 2024 issued through DQS and covering the manufacture of closed-die raw and machined steel forgings across plants including Mundhwa, Baramati, and Nellore. The aerospace business unit is certified to AS9100 Rev D, the aerospace quality standard. The company also reports ISO 45001:2018 for occupational health and safety and ISO 50001:2018 for energy management across facilities. Automotive supply of this kind relies on PPAP and formal quality planning as standard practice.

Known customers

Most of Bharat Forge's commercial customer relationships are not individually disclosed on its own pages, which is normal for a forging supplier serving OEM programs under confidentiality. Its documented customers on the public record are in defence:

Beyond these named defence programs, the company supplies commercial and passenger vehicle OEMs and tier suppliers globally, and reports a defence order book of Rs 10,961 crore for execution over four years.

Frequently asked questions

What does Bharat Forge make?

Bharat Forge makes closed-die and open-die forgings, machined components, and castings for automotive, defence, aerospace, oil and gas, railways, marine, power and energy, construction and mining, and general engineering. Its Pune plant is the world's largest single-location forging facility. Automotive parts include front axle beams, crankshafts, connecting rods, and steering knuckles.

Who owns Bharat Forge?

Bharat Forge is a publicly listed company and the flagship of the Kalyani Group, an Indian industrial conglomerate controlled by the Kalyani family. It trades on the National Stock Exchange as BHARATFORG and on the Bombay Stock Exchange as 500493. Baba N. Kalyani is Chairman and Managing Director.

What is Bharat Forge's revenue?

Bharat Forge reported consolidated revenue of Rs 16,812 crore, roughly $2.0 billion, for the financial year ended March 2026, up 11.2 percent year over year. Consolidated net profit was Rs 1,089 crore, up 19.3 percent, at an operating margin of about 17 percent.

Where is Bharat Forge headquartered?

Bharat Forge is headquartered in Pune, Maharashtra, India, at its Mundhwa forging complex. It operates 18 manufacturing locations across five countries, including plants in India, the United States, Germany, Sweden, and France.

Who are Bharat Forge's customers?

Bharat Forge supplies automotive OEMs and tier suppliers across commercial and passenger vehicles, along with defence, aerospace, and industrial customers. On the public record its documented customers include India's Ministry of Defence, for which it won a Rs 425 crore marine gas turbine contract in June 2026 and Rs 300 crore in unmanned-systems contracts in January 2026.

What certifications does Bharat Forge hold?

Bharat Forge holds IATF 16949:2016 and ISO 9001:2015 certifications dated 9 May 2024, plus AS9100 Rev D for its aerospace business unit. It also maintains ISO 45001:2018 for occupational health and safety and ISO 50001:2018 for energy management across its facilities.

Last verified September 27, 2026. Is this your company? Request a correction.