About Happy Forgings
Happy Forgings is a company based in Ludhiana (India) founded in 1973 by Paritosh Kumar Garg. Happy Forgings has raised $29.22 million across 3 funding rounds from investors including Motilal Oswal Alternates, Ayush Capital And Financial Services and Ayush Capital and Financial. The company has 3,570 employees as of March 31, 2024. Happy Forgings operates in a competitive market with competitors including Dana, Linamar, Gates, FPT Industrial and Ricardo, among others.
- Headquarter Ludhiana, India
- Employees 3570 as on 31 Mar, 2024
- Founders Paritosh Kumar Garg
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Happy Forging Limited
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Annual Revenue
$163.28 M (USD)3.73as on Mar 31, 2025
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Net Profit
$31.25 M (USD)10.06as on Mar 31, 2025
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EBITDA
$46.59 M (USD)5.31as on Mar 31, 2025
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Total Equity Funding
$29.22 M (USD)
in 3 rounds
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Latest Funding Round
$27.12 M (USD), Private Equity Round
Sep 15, 2018
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Investors
Motilal Oswal Alternates
& 6 more
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Employee Count
3570
as on Mar 31, 2024
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IPO & Listings of Happy Forgings
Happy Forgings is a publicly listed company on the NSE with ticker symbol HAPPYFORGE in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Happy Forgings
Happy Forgings has successfully raised a total of $29.22M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round of $27.12 million completed in September 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Happy Forgings
Happy Forgings has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Motilal Oswal Alternates, Ayush Capital And Financial Services and Ayush Capital and Financial.
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Motilal Oswal Alternates is engaged in alternative investment management.
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Investor details for Happy Forgings
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Investments & Acquisitions by Happy Forgings
Investment portfolio details for Happy Forgings
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Financial Statements - Happy Forgings
Detailed financials for Happy Forgings
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Happy Forgings Comparisons
Peer comparison for Happy Forgings
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Competitors of Happy Forgings
Happy Forgings operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dana, Linamar, Gates, FPT Industrial and Ricardo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Driveline technologies and components for electrified light vehicles are supplied.
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Motor vehicle and agricultural parts are manufactured and supplied.
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Transmission components are manufactured and supplied to the aftermarket.
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Manufacturer and supplier of powertrain components
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Drive transmission components are manufactured and supplied to OEMs.
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Detailed competitors of Happy Forgings
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Latest news on Happy Forgings
Complete news archive for Happy Forgings
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Frequently Asked Questions about Happy Forgings
Happy Forgings was founded in 1973 and raised its 1st funding round 38 years after it was founded.
Happy Forgings is headquartered in Ludhiana, India. It is registered at Ludhiana, Punjab, India.
Narinder Juneja is the current CEO of Happy Forgings.
Happy Forgings is a funded company, having raised a total of $29.22M across 3 funding rounds to date.
As of Mar 31, 2024, the latest employee count at Happy Forgings is 3,570.
Annual revenue of Happy Forgings is $163.28M as on Mar 31, 2025.
Happy Forgings was established in 1973 in Ludhiana, India, where drive transmission components are produced and supplied. A range of products, such as crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, pinion shafts, suspension items, and valve bodies, is manufactured. These serve the automotive sector along with non-automotive applications in farm equipment, off-highway vehicles, oil and gas, power generation, railways, and wind turbines.
Happy Forgings's top competitors include Linamar, Gates and Kinetic Engineering.
Yes, Happy Forgings is publicly traded on NSE under the ticker symbol HAPPYFORGE.
Happy Forgings has 7 investors. Key investors include Motilal Oswal Alternates, Ayush Capital And Financial Services, Ayush Capital and Financial, Suman Garga, and Baby Sheena Garg.
The ticker symbol of Happy Forgings is HAPPYFORGE on NSE.
The valuation of Happy Forgings is $227.42M as of Sep 2018.