About Bharat Forge Ltd
Data last updated: 14 July 2026
Bharat Forge Ltd is a public limited company based in Pune, Maharashtra, India. It specialises in metal foundry and fabrication services, a part of the broader engineering sector. Incorporated on 19 June 1961, the company has been in operation for over 65 years.
Registered with ROC Pune under CIN L25209PN1961PLC012046. Listed on BSE: 500493 and NSE: BHARATFORG.
Capital: an authorised share capital of ₹240 Cr and a paid-up capital of ₹95.62 Cr. Formerly known as Bharat Forge Co Ltd. It is led by directors including Subodh Eknath Tandale and Basavraj Prabhakar Kalyani.
Last AGM: 07 August 2025. Financial statements filed for year ended 31 March 2025. Office: Mundhwa Pune Cantonment, Maharashtra, India – 411036.
As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹16,812 Cr, a growth of 11.17% compared to the previous year. The net worth stands at ₹9,556.83 Cr (up 3.65% YoY). Total assets are valued at ₹22,260 Cr (up 10.81% YoY).
The company has a workforce of approximately 191 employees as per the latest available data. Its group structure includes 17 subsidiaries and 1 joint venture.
The company is associated with 3 brands - Kalyani Powertrain, Kalyani Group, Bharat Forge. As per MCA filings, the company has open charges of ₹3,481.66 Cr and satisfied charges of ₹5,311.65 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bharatforge.com.
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EmailLocked
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TelephoneLocked
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Website
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Social Media
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Registered AddressMundhwa Pune Cantonment, Maharashtra, India – 411036
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IndustryEngineering, Metal Foundry & Fabrication Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Bharat Forge Ltd
Bharat Forge Ltd has one previous CIN (Corporate Identification Number): U25209MH1961PLC012046. The current CIN is L25209PN1961PLC012046, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25209PN1961PLC012046 | Current |
| U25209MH1961PLC012046 | Previous |
Associated Brands with Bharat Forge Ltd
Bharat Forge Ltd operates multiple associated brands including Kalyani Powertrain, Kalyani Group, and Bharat Forge. These brands represent Bharat Forge Ltd's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Manufactures electric conversion kits for trucks. | kalyanimotive.com | |
| Engineering & manufacturing company focused on Automotive, Industrial, Renewable Energy, etc | kalyanigroup.com | |
| Technology-enabled automotive tools, forging, and machining materials are manufactured. | bharatforge.com |
Competitors & Alternatives of Bharat Forge Ltd
Brands and companies operating in the same space as Bharat Forge Ltd include Maini Precision Products, Ramkrishna Forgings, Sertec and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
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Manufacturer & supplier of precision products and assemblies | Bengaluru, India, India | 1973 |
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Ramkrishna Forgings is engaged in metal forming and manufacturing. | Kolkata, India, India | 1981 |
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Precision stamped components are manufactured and supplied to automotive OEMs. | Birmingham, United Kingdom, United Kingdom | 1962 |
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Automotive aluminium components are manufactured and supplied to OEMs worldwide. | Villa De Garcia, Mexico, Mexico | 1979 |
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Products for automotive, aeronautic, hydraulic, and security sectors are manufactured. | Bengaluru, India, India | 1973 |
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Low-emission hydrogen-fueled vehicles are manufactured by converting diesel commercial trucks. | Liverpool, United Kingdom, United Kingdom | 2014 |
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High precision tubes are manufactured for automobiles and bicycles. | Chennai, India, India | 1949 |
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Flat-rolled aluminum products are manufactured and supplied to OEMs. | Atlanta, United States, United States | 2005 |
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Tembo is recognized as a leader in electric utility vehicles. | Eindhoven, Netherlands, Netherlands | 2014 |
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Provide automotive manufacturers and suppliers worldwide. | Denklingen, Germany, Germany | 1988 |
Business Activity of Bharat Forge Ltd
Bharat Forge Ltd is engaged in principal business activities including manufacturing and electricity, gas, steam and air condition supply, with detailed activities including metal and metal products, other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities, electric power generation, transmission and distribution. The company has 3 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details for Bharat Forge Ltd
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Bharat Forge Ltd
Bharat Forge Ltd is audited by B S R & Co LLP (ICAI peer reviewed, certificate valid till 2028-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| B S R & Co LLP (ICAI peer reviewed, certificate valid till 2028-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Bharat Forge Ltd
Bharat Forge Ltd is currently managed by 10 directors, with 28 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Subodh Eknath Tandale
Also directs:
Bharat Forge Ltd
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Whole-Time Director | 23 May 2006 | 20 Years 1 Months | Current |
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Basavraj Prabhakar Kalyani
Also directs:
Bharat Forge Ltd
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Whole-Time Director | 23 May 2006 | 20 Years 1 Months | Current |
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Babasaheb Neelkanth Kalyani
Also directs:
Zephyr Engineering And Technology Consultants Llp, Bharat Forge Ltd, Kalyani Steels Ltd and 4 more
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Managing Director | 30 Mar 1993 | 33 Years 3 Months | Current |
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Amit Babasaheb Kalyani
Also directs:
Zephyr Engineering And Technology Consultants Llp, Bharat Forge Ltd, Kalyani Steels Ltd and 5 more
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Whole-Time Director | 11 May 2009 | 17 Years 2 Months | Current |
| Dipak Balasaheb Mane | Director | 21 Jun 2019 | 7 Years 1 Months | Current |
| Kanwar Bir Singh Anand | Director | 27 Jun 2022 | 4 Years 0 Months | Current |
Financials of Bharat Forge Ltd FY 2026 filings available
Bharat Forge Ltd reported revenue of ₹16,812 Cr (up 11.17% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹16,812 Cr | ₹15,123 Cr | ₹15,682 Cr | ₹12,910 Cr | ₹10,461 Cr | ₹6,336.26 Cr | ₹8,055.84 Cr |
| Other Income | ₹198.68 Cr | ₹213.76 Cr | ₹227.42 Cr | ₹172.86 Cr | ₹195.9 Cr | ₹168.9 Cr | ₹187.86 Cr |
| Total Income | ₹17,010 Cr | ₹15,337 Cr | ₹15,909 Cr | ₹13,083 Cr | ₹10,657 Cr | ₹6,505.16 Cr | ₹8,243.71 Cr |
| Cost of Materials Consumed | ₹7,777.93 Cr | ₹6,439.62 Cr | ₹7,138.38 Cr | ₹6,064.99 Cr | ₹4,617.58 Cr | ₹2,480.09 Cr | ₹3,118.66 Cr |
| Purchases of Stock-in-Trade | ₹78.87 Cr | ₹231.82 Cr | ₹245.02 Cr | ₹166.4 Cr | ₹188.31 Cr | ₹173.72 Cr | ₹405.53 Cr |
| Changes in Inventories | -₹267.22 Cr | -₹77.11 Cr | -₹4.21 Cr | -₹270.04 Cr | -₹589.93 Cr | -₹19.65 Cr | ₹52.34 Cr |
| Employee Benefit Expense | ₹2,103.42 Cr | ₹1,869.9 Cr | ₹1,860 Cr | ₹1,563.1 Cr | ₹1,464.68 Cr | ₹1,071.06 Cr | ₹1,195.46 Cr |
| Finance Costs | ₹323.35 Cr | ₹417.49 Cr | ₹491.17 Cr | ₹298.62 Cr | ₹160.41 Cr | ₹107.73 Cr | ₹171.33 Cr |
| Depreciation & Amortisation | ₹970.92 Cr | ₹873.62 Cr | ₹848.2 Cr | ₹735.59 Cr | ₹730.3 Cr | ₹612.16 Cr | ₹547.72 Cr |
| Other Expenses | ₹4,191.98 Cr | ₹3,964.62 Cr | ₹3,884.94 Cr | ₹3,618.28 Cr | ₹2,764.5 Cr | ₹1,769.31 Cr | ₹2,169.15 Cr |
| Total Expenses | ₹15,179 Cr | ₹13,720 Cr | ₹14,463 Cr | ₹12,177 Cr | ₹9,335.85 Cr | ₹6,194.41 Cr | ₹7,660.18 Cr |
| Profit Before Exceptional Items & Tax | ₹1,831.09 Cr | ₹1,616.6 Cr | ₹1,446 Cr | ₹906.17 Cr | ₹1,321.13 Cr | ₹310.75 Cr | ₹583.53 Cr |
| Exceptional Items | -₹154.44 Cr | -₹157.07 Cr | -₹12.32 Cr | -₹45.79 Cr | ₹92.41 Cr | -₹306.23 Cr | -₹78.92 Cr |
| Profit Before Tax | ₹1,676.64 Cr | ₹1,459.53 Cr | ₹1,433.68 Cr | ₹860.38 Cr | ₹1,413.53 Cr | ₹4.52 Cr | ₹504.61 Cr |
| Total Tax Expense | ₹577.77 Cr | ₹542.55 Cr | ₹528.83 Cr | ₹318.56 Cr | ₹303.45 Cr | ₹101.51 Cr | ₹112.46 Cr |
| Net Profit | ₹1,089.4 Cr | ₹913.28 Cr | ₹910.16 Cr | ₹508.39 Cr | ₹1,077.06 Cr | -₹126.97 Cr | ₹349.25 Cr |
| attributable to Owners | ₹1,079.66 Cr | ₹941.15 Cr | ₹951.13 Cr | ₹458.65 Cr | ₹1,081.76 Cr | ₹195.62 Cr | ₹349.83 Cr |
| attributable to NCI | ₹9.74 Cr | -₹27.88 Cr | -₹40.97 Cr | -₹20.01 Cr | -₹4.7 Cr | -₹29.4 Lakh | -₹58.6 Lakh |
| Other Comprehensive Income | -₹341.21 Cr | -₹55.58 Cr | -₹123.12 Cr | -₹69.74 Cr | ₹235.14 Cr | ₹322.29 Cr | -₹172.91 Cr |
| Total Comprehensive Income | ₹748.19 Cr | ₹857.69 Cr | ₹787.04 Cr | ₹438.65 Cr | ₹1,312.2 Cr | ₹195.32 Cr | ₹176.34 Cr |
| EBITDA (computed) | ₹3,125.36 Cr | ₹2,907.71 Cr | ₹2,785.36 Cr | ₹1,940.38 Cr | ₹2,211.84 Cr | ₹1,030.64 Cr | ₹1,302.57 Cr |
| Basic EPS | ₹22.58 | ₹20.05 | ₹20.43 | ₹11.35 | ₹23.23 | ₹-2.71 | ₹7.51 |
| Diluted EPS | ₹22.58 | ₹20.05 | ₹20.43 | ₹11.35 | ₹23.23 | ₹-2.71 | ₹7.51 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹22,260 Cr | ₹20,088 Cr | ₹19,349 Cr | ₹18,384 Cr |
| Non-current Assets | ₹11,057 Cr | ₹9,855.98 Cr | ₹9,333.61 Cr | ₹9,382.17 Cr |
| Current Assets | ₹11,203 Cr | ₹10,232 Cr | ₹10,016 Cr | ₹8,521.95 Cr |
| Property, Plant & Equipment | ₹7,257.55 Cr | ₹5,847.38 Cr | ₹5,468.27 Cr | ₹5,272.3 Cr |
| Inventories | ₹4,052.78 Cr | ₹3,578.44 Cr | ₹3,216.08 Cr | ₹3,126.25 Cr |
| Trade Receivables | ₹3,909.8 Cr | ₹2,899.61 Cr | ₹3,167.15 Cr | ₹3,087.46 Cr |
| Cash & Equivalents | ₹847.89 Cr | ₹621.04 Cr | ₹1,315.31 Cr | ₹508.71 Cr |
| Equity (Net Worth) | ₹9,556.83 Cr | ₹9,220.58 Cr | ₹7,165.31 Cr | ₹6,741.6 Cr |
| Equity Share Capital | ₹95.63 Cr | ₹95.63 Cr | ₹93.13 Cr | ₹93.13 Cr |
| Borrowings (Non-current) | ₹1,812.36 Cr | ₹1,319.37 Cr | ₹1,858.98 Cr | ₹1,751.27 Cr |
| Borrowings (Current) | ₹5,062.26 Cr | ₹4,969.02 Cr | ₹5,663.1 Cr | ₹5,101.06 Cr |
| Total Debt (computed) | ₹6,874.62 Cr | ₹6,288.39 Cr | ₹7,522.08 Cr | ₹6,852.33 Cr |
| Current Liabilities | ₹9,581.44 Cr | ₹8,703.01 Cr | ₹9,280.11 Cr | ₹8,276.86 Cr |
| Total Liabilities | ₹12,703 Cr | ₹10,868 Cr | ₹12,184 Cr | ₹11,643 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹1,486.64 Cr | ₹1,796.34 Cr | ₹1,664.4 Cr | ₹1,294.47 Cr | ₹505.85 Cr |
| Investing Cash Flow | -₹1,033.03 Cr | -₹1,964.33 Cr | -₹666.75 Cr | -₹1,671.33 Cr | -₹690.05 Cr |
| Financing Cash Flow | -₹441.99 Cr | -₹569.7 Cr | -₹202.69 Cr | ₹280.27 Cr | ₹310.17 Cr |
| Capital Expenditure | ₹1,140.5 Cr | ₹1,450.46 Cr | ₹1,524.03 Cr | ₹996.18 Cr | ₹1,068.33 Cr |
| Free Cash Flow (computed) | ₹346.15 Cr | ₹345.88 Cr | ₹140.37 Cr | ₹298.28 Cr | -₹562.48 Cr |
| Dividends Paid | ₹379.66 Cr | ₹422.09 Cr | ₹380.07 Cr | ₹325.28 Cr | ₹164.17 Cr |
| Net Change in Cash | ₹226.85 Cr | -₹694.28 Cr | ₹806.6 Cr | -₹90.84 Cr | ₹111.11 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹4,528.04 Cr | ₹4,342.93 Cr | ₹4,031.93 Cr | ₹3,908.75 Cr | ₹3,852.6 Cr | ₹3,475.55 Cr | ₹3,688.51 Cr | ₹4,106.15 Cr | ₹4,164.21 Cr | ₹3,866.41 Cr | ₹3,774.19 Cr | ₹3,877.27 Cr |
| Other Income | ₹52.97 Cr | ₹42.48 Cr | ₹53.51 Cr | ₹49.72 Cr | ₹62.1 Cr | ₹38.37 Cr | ₹61.65 Cr | ₹51.65 Cr | ₹54.83 Cr | ₹55.95 Cr | ₹52.49 Cr | ₹64.16 Cr |
| Total Income | ₹4,581.01 Cr | ₹4,385.41 Cr | ₹4,085.44 Cr | ₹3,958.47 Cr | ₹3,914.71 Cr | ₹3,513.91 Cr | ₹3,750.16 Cr | ₹4,157.79 Cr | ₹4,219.04 Cr | ₹3,922.36 Cr | ₹3,826.67 Cr | ₹3,941.43 Cr |
| Cost of Materials Consumed | ₹2,271.81 Cr | ₹1,841.79 Cr | ₹1,947.38 Cr | ₹1,716.96 Cr | ₹1,635.21 Cr | ₹1,438.67 Cr | ₹1,684.68 Cr | ₹1,681.06 Cr | ₹2,011.81 Cr | ₹1,521.95 Cr | ₹1,819.71 Cr | ₹1,784.92 Cr |
| Purchases of Stock-in-Trade | ₹23.02 Cr | ₹19.34 Cr | ₹22.02 Cr | ₹14.5 Cr | ₹67.9 Cr | ₹7.57 Cr | ₹71.54 Cr | ₹84.81 Cr | -₹111.98 Cr | ₹270.16 Cr | ₹51.57 Cr | ₹35.27 Cr |
| Changes in Inventories | -₹143.07 Cr | ₹113.09 Cr | -₹201.95 Cr | -₹35.29 Cr | ₹20.3 Cr | ₹23.57 Cr | -₹191.97 Cr | ₹71 Cr | ₹56.78 Cr | -₹11.79 Cr | -₹107.06 Cr | ₹57.87 Cr |
| Employee Benefit Expense | ₹534.62 Cr | ₹534.56 Cr | ₹520.57 Cr | ₹513.67 Cr | ₹467.77 Cr | ₹436.15 Cr | ₹467.24 Cr | ₹498.74 Cr | ₹474.88 Cr | ₹449.8 Cr | ₹462.72 Cr | ₹472.6 Cr |
| Finance Costs | ₹84.4 Cr | ₹76.64 Cr | ₹80.09 Cr | ₹82.22 Cr | ₹88.01 Cr | ₹95.96 Cr | ₹109.81 Cr | ₹123.71 Cr | ₹115.52 Cr | ₹136.82 Cr | ₹124.33 Cr | ₹114.5 Cr |
| Depreciation & Amortisation | ₹255.09 Cr | ₹248.85 Cr | ₹240.89 Cr | ₹226.1 Cr | ₹223.76 Cr | ₹218.25 Cr | ₹213.35 Cr | ₹218.27 Cr | ₹207.11 Cr | ₹223.67 Cr | ₹211.33 Cr | ₹206.09 Cr |
| Other Expenses | ₹1,063.46 Cr | ₹1,084.26 Cr | ₹1,018.27 Cr | ₹1,026 Cr | ₹980.09 Cr | ₹945.2 Cr | ₹1,009.74 Cr | ₹1,029.59 Cr | ₹1,089.44 Cr | ₹938.43 Cr | ₹925.82 Cr | ₹931.25 Cr |
| Total Expenses | ₹4,089.33 Cr | ₹3,918.51 Cr | ₹3,627.25 Cr | ₹3,544.17 Cr | ₹3,483.04 Cr | ₹3,165.37 Cr | ₹3,364.39 Cr | ₹3,707.17 Cr | ₹3,843.55 Cr | ₹3,529.03 Cr | ₹3,488.43 Cr | ₹3,602.48 Cr |
| Profit Before Exceptional Items & Tax | ₹491.69 Cr | ₹466.9 Cr | ₹458.19 Cr | ₹414.31 Cr | ₹431.67 Cr | ₹348.54 Cr | ₹385.76 Cr | ₹450.62 Cr | ₹375.48 Cr | ₹393.33 Cr | ₹338.25 Cr | ₹338.94 Cr |
| Exceptional Items | -₹98.73 Cr | -₹55.72 Cr | ₹0 | ₹0 | -₹5.3 Cr | ₹0 | ₹0 | -₹151.77 Cr | -₹10.23 Cr | ₹0 | -₹2.1 Cr | ₹0 |
| Profit Before Tax | ₹392.96 Cr | ₹411.19 Cr | ₹458.19 Cr | ₹414.31 Cr | ₹426.37 Cr | ₹348.54 Cr | ₹385.76 Cr | ₹298.86 Cr | ₹365.26 Cr | ₹393.33 Cr | ₹336.15 Cr | ₹338.94 Cr |
| Total Tax Expense | ₹158.69 Cr | ₹134.42 Cr | ₹157.55 Cr | ₹127.12 Cr | ₹141.48 Cr | ₹134.22 Cr | ₹141.88 Cr | ₹124.97 Cr | ₹138.7 Cr | ₹140.59 Cr | ₹121.79 Cr | ₹127.75 Cr |
| Net Profit | ₹233.45 Cr | ₹272.8 Cr | ₹299.28 Cr | ₹283.87 Cr | ₹282.62 Cr | ₹212.78 Cr | ₹243.3 Cr | ₹174.58 Cr | ₹227.12 Cr | ₹254.45 Cr | ₹214.87 Cr | ₹213.73 Cr |
| attributable to Owners | ₹232.57 Cr | ₹264.21 Cr | ₹299.2 Cr | ₹283.68 Cr | ₹282 Cr | ₹212.76 Cr | ₹243.59 Cr | ₹202.81 Cr | ₹235.95 Cr | ₹264.55 Cr | ₹227.23 Cr | ₹223.4 Cr |
| attributable to NCI | ₹88.3 Lakh | ₹8.59 Cr | ₹7.9 Lakh | ₹18.7 Lakh | ₹62.7 Lakh | ₹1.7 Lakh | -₹29 Lakh | -₹28.23 Cr | -₹8.84 Cr | -₹10.1 Cr | -₹12.36 Cr | -₹9.67 Cr |
| Other Comprehensive Income | -₹180.61 Cr | ₹28.44 Cr | -₹87.63 Cr | -₹101.41 Cr | -₹12.38 Cr | -₹5.96 Cr | -₹72.31 Cr | ₹35.07 Cr | -₹210.12 Cr | -₹20.03 Cr | ₹32.86 Cr | ₹74.17 Cr |
| Total Comprehensive Income | ₹52.83 Cr | ₹301.24 Cr | ₹211.65 Cr | ₹182.46 Cr | ₹270.24 Cr | ₹206.82 Cr | ₹170.99 Cr | ₹209.65 Cr | ₹16.99 Cr | ₹234.42 Cr | ₹247.73 Cr | ₹287.9 Cr |
| EBITDA (computed) | ₹831.18 Cr | ₹792.38 Cr | ₹779.17 Cr | ₹722.63 Cr | ₹743.43 Cr | ₹662.75 Cr | ₹708.92 Cr | ₹792.61 Cr | ₹698.11 Cr | ₹753.81 Cr | ₹673.91 Cr | ₹659.53 Cr |
| Basic EPS | ₹4.86 | ₹5.53 | ₹6.26 | ₹5.93 | ₹5.92 | ₹4.54 | ₹5.23 | ₹4.36 | ₹5.07 | ₹5.68 | ₹4.88 | ₹4.80 |
| Diluted EPS | ₹4.86 | ₹5.53 | ₹6.26 | ₹5.93 | ₹5.92 | ₹4.54 | ₹5.23 | ₹4.36 | ₹5.07 | ₹5.68 | ₹4.88 | ₹4.80 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Forgings | ₹3,647.99 Cr | ₹507.48 Cr | ₹14,297 Cr | ₹2,939.44 Cr |
| Defence | ₹416.26 Cr | ₹20.21 Cr | ₹1,889.61 Cr | ₹1,167.78 Cr |
| Others | ₹732.95 Cr | ₹59.63 Cr | ₹2,484.28 Cr | ₹568.42 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Forgings | ₹13,929 Cr | ₹1,956.09 Cr | - | - |
| Defence | ₹1,757.17 Cr | ₹81.5 Cr | - | - |
| Others | ₹2,169.81 Cr | ₹154.03 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹8,395.68 Cr | ₹8,843.73 Cr | ₹8,968.63 Cr | ₹7,572.71 Cr | ₹6,254.61 Cr | ₹3,651.51 Cr | ₹4,563.88 Cr |
| Other Income | ₹144.46 Cr | ₹158.85 Cr | ₹162.34 Cr | ₹150.5 Cr | ₹167.5 Cr | ₹140.46 Cr | ₹160.89 Cr |
| Total Income | ₹8,540.14 Cr | ₹9,002.58 Cr | ₹9,130.98 Cr | ₹7,723.21 Cr | ₹6,422.11 Cr | ₹3,791.97 Cr | ₹4,724.77 Cr |
| Cost of Materials Consumed | ₹3,493.33 Cr | ₹3,591.13 Cr | ₹3,881.07 Cr | ₹3,350.66 Cr | ₹2,647.27 Cr | ₹1,495.87 Cr | ₹1,767.55 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹247.68 Cr | ₹1.04 Cr | -₹50.97 Cr | -₹67.31 Cr | -₹94.67 Cr | -₹81.42 Cr | -₹18.64 Cr |
| Employee Benefit Expense | ₹676.01 Cr | ₹636.61 Cr | ₹601.45 Cr | ₹543.01 Cr | ₹505.79 Cr | ₹448.24 Cr | ₹482.36 Cr |
| Finance Costs | ₹182.17 Cr | ₹249.81 Cr | ₹287.41 Cr | ₹212.69 Cr | ₹107.3 Cr | ₹77.92 Cr | ₹145.03 Cr |
| Depreciation & Amortisation | ₹448.05 Cr | ₹440.37 Cr | ₹442.04 Cr | ₹425.96 Cr | ₹411.79 Cr | ₹366.08 Cr | ₹344.87 Cr |
| Other Expenses | ₹2,167.45 Cr | ₹2,111.55 Cr | ₹2,059.31 Cr | ₹1,835.25 Cr | ₹1,480.5 Cr | ₹1,061.2 Cr | ₹1,317.1 Cr |
| Total Expenses | ₹6,719.33 Cr | ₹7,030.51 Cr | ₹7,220.31 Cr | ₹6,300.25 Cr | ₹5,057.97 Cr | ₹3,367.88 Cr | ₹4,038.27 Cr |
| Profit Before Exceptional Items & Tax | ₹1,820.81 Cr | ₹1,972.08 Cr | ₹1,910.66 Cr | ₹1,422.96 Cr | ₹1,364.14 Cr | ₹424.09 Cr | ₹686.51 Cr |
| Exceptional Items | -₹549.59 Cr | -₹153.31 Cr | -₹15.43 Cr | -₹40.21 Cr | ₹31.8 Cr | -₹9.18 Cr | -₹93.91 Cr |
| Profit Before Tax | ₹1,271.23 Cr | ₹1,818.76 Cr | ₹1,895.23 Cr | ₹1,382.75 Cr | ₹1,395.94 Cr | ₹414.91 Cr | ₹592.59 Cr |
| Total Tax Expense | ₹452.48 Cr | ₹496.51 Cr | ₹470.27 Cr | ₹337.27 Cr | ₹318.14 Cr | ₹102.81 Cr | ₹119.08 Cr |
| Net Profit | ₹818.74 Cr | ₹1,322.25 Cr | ₹1,424.96 Cr | ₹1,045.47 Cr | ₹1,077.8 Cr | ₹312.09 Cr | ₹473.52 Cr |
| Other Comprehensive Income | -₹412.3 Cr | -₹124.34 Cr | -₹183.7 Cr | -₹129.34 Cr | ₹246.3 Cr | ₹281.47 Cr | -₹183.14 Cr |
| Total Comprehensive Income | ₹406.44 Cr | ₹1,197.91 Cr | ₹1,241.25 Cr | ₹916.14 Cr | ₹1,324.1 Cr | ₹593.56 Cr | ₹290.38 Cr |
| EBITDA (computed) | ₹2,451.03 Cr | ₹2,662.26 Cr | ₹2,640.12 Cr | ₹2,061.61 Cr | ₹1,883.23 Cr | ₹868.08 Cr | ₹1,176.4 Cr |
| Basic EPS | ₹17.12 | ₹28.16 | ₹30.60 | ₹22.45 | ₹23.15 | ₹6.70 | ₹10.17 |
| Diluted EPS | ₹17.12 | ₹28.16 | ₹30.60 | ₹22.45 | ₹23.15 | ₹6.70 | ₹10.17 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹17,528 Cr | ₹17,260 Cr | ₹15,188 Cr | ₹14,194 Cr |
| Non-current Assets | ₹10,130 Cr | ₹9,165.5 Cr | ₹7,584.78 Cr | ₹7,808.15 Cr |
| Current Assets | ₹7,398.36 Cr | ₹8,094.75 Cr | ₹7,602.87 Cr | ₹6,385.95 Cr |
| Property, Plant & Equipment | ₹2,830.1 Cr | ₹2,818.34 Cr | ₹2,845.34 Cr | ₹2,899.6 Cr |
| Inventories | ₹1,570.09 Cr | ₹1,540.17 Cr | ₹1,329.49 Cr | ₹1,263.84 Cr |
| Trade Receivables | ₹4,129.51 Cr | ₹3,819.96 Cr | ₹3,618.18 Cr | ₹3,243.37 Cr |
| Cash & Equivalents | ₹359.06 Cr | ₹358.92 Cr | ₹1,041.29 Cr | ₹397.72 Cr |
| Equity (Net Worth) | ₹10,988 Cr | ₹10,964 Cr | ₹8,568.78 Cr | ₹7,700 Cr |
| Equity Share Capital | ₹95.63 Cr | ₹95.63 Cr | ₹93.13 Cr | ₹93.13 Cr |
| Borrowings (Non-current) | ₹1,051.6 Cr | ₹659.42 Cr | ₹1,282.06 Cr | ₹1,203.18 Cr |
| Borrowings (Current) | ₹2,712.9 Cr | ₹3,322.26 Cr | ₹3,142.5 Cr | ₹3,232.45 Cr |
| Total Debt (computed) | ₹3,764.5 Cr | ₹3,981.68 Cr | ₹4,424.56 Cr | ₹4,435.63 Cr |
| Current Liabilities | ₹4,864.31 Cr | ₹5,131.63 Cr | ₹4,804.17 Cr | ₹4,684.25 Cr |
| Total Liabilities | ₹6,539.67 Cr | ₹6,295.98 Cr | ₹6,618.87 Cr | ₹6,494.1 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹1,543.97 Cr | ₹1,701.16 Cr | ₹2,091.56 Cr | ₹788.26 Cr | ₹275.45 Cr |
| Investing Cash Flow | -₹554.62 Cr | -₹2,840.71 Cr | -₹808.77 Cr | -₹600.79 Cr | ₹488.25 Cr |
| Financing Cash Flow | -₹983.9 Cr | ₹457.04 Cr | -₹640.51 Cr | -₹172.28 Cr | ₹74.73 Cr |
| Capital Expenditure | ₹323.35 Cr | ₹617.09 Cr | ₹527.89 Cr | ₹300.63 Cr | ₹378.37 Cr |
| Free Cash Flow (computed) | ₹1,220.63 Cr | ₹1,084.07 Cr | ₹1,563.67 Cr | ₹487.63 Cr | -₹102.92 Cr |
| Dividends Paid | ₹0 | ₹422.09 Cr | ₹380.07 Cr | ₹325.28 Cr | ₹164.17 Cr |
| Net Change in Cash | ₹13.5 Lakh | -₹682.36 Cr | ₹643.57 Cr | ₹19.95 Cr | ₹838.78 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2,260.45 Cr | ₹2,083.66 Cr | ₹1,946.86 Cr | ₹2,104.71 Cr | ₹2,163.03 Cr | ₹2,095.94 Cr | ₹2,246.67 Cr | ₹2,338.1 Cr | ₹2,328.59 Cr | ₹2,263.38 Cr | ₹2,249.39 Cr | ₹2,127.29 Cr |
| Other Income | ₹28.48 Cr | ₹27.32 Cr | ₹46.46 Cr | ₹42.19 Cr | ₹48.08 Cr | ₹31.39 Cr | ₹34.8 Cr | ₹44.59 Cr | ₹38.18 Cr | ₹34.55 Cr | ₹42.38 Cr | ₹47.23 Cr |
| Total Income | ₹2,288.93 Cr | ₹2,110.98 Cr | ₹1,993.33 Cr | ₹2,146.9 Cr | ₹2,211.11 Cr | ₹2,127.33 Cr | ₹2,281.47 Cr | ₹2,382.68 Cr | ₹2,366.77 Cr | ₹2,297.93 Cr | ₹2,291.76 Cr | ₹2,174.51 Cr |
| Cost of Materials Consumed | ₹967.48 Cr | ₹805.02 Cr | ₹810.29 Cr | ₹910.54 Cr | ₹901.59 Cr | ₹830.16 Cr | ₹932.14 Cr | ₹927.24 Cr | ₹937.52 Cr | ₹957.06 Cr | ₹1,049.99 Cr | ₹936.5 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹51.28 Cr | ₹3.54 Cr | -₹105.02 Cr | -₹94.91 Cr | -₹43.99 Cr | ₹9.92 Cr | -₹15.4 Cr | ₹50.5 Cr | ₹27.16 Cr | -₹8 Cr | -₹75.59 Cr | ₹5.45 Cr |
| Employee Benefit Expense | ₹168.26 Cr | ₹170.75 Cr | ₹167.35 Cr | ₹169.64 Cr | ₹153.93 Cr | ₹158.34 Cr | ₹161.73 Cr | ₹162.61 Cr | ₹150.44 Cr | ₹150.99 Cr | ₹150.64 Cr | ₹149.38 Cr |
| Finance Costs | ₹40.21 Cr | ₹41.44 Cr | ₹48.29 Cr | ₹52.24 Cr | ₹58.81 Cr | ₹57.31 Cr | ₹63.51 Cr | ₹70.18 Cr | ₹63.38 Cr | ₹80.89 Cr | ₹72.63 Cr | ₹70.52 Cr |
| Depreciation & Amortisation | ₹112.41 Cr | ₹111.99 Cr | ₹111.2 Cr | ₹112.46 Cr | ₹112.21 Cr | ₹110.39 Cr | ₹108.34 Cr | ₹109.43 Cr | ₹107.91 Cr | ₹112.42 Cr | ₹112.85 Cr | ₹108.87 Cr |
| Other Expenses | ₹558.66 Cr | ₹537.93 Cr | ₹523.2 Cr | ₹547.66 Cr | ₹534.82 Cr | ₹487.68 Cr | ₹542.77 Cr | ₹546.28 Cr | ₹554.31 Cr | ₹500.17 Cr | ₹517.55 Cr | ₹487.29 Cr |
| Total Expenses | ₹1,795.74 Cr | ₹1,670.67 Cr | ₹1,555.29 Cr | ₹1,697.63 Cr | ₹1,717.38 Cr | ₹1,653.8 Cr | ₹1,793.09 Cr | ₹1,866.24 Cr | ₹1,840.72 Cr | ₹1,793.53 Cr | ₹1,828.06 Cr | ₹1,758.01 Cr |
| Profit Before Exceptional Items & Tax | ₹493.2 Cr | ₹440.3 Cr | ₹438.04 Cr | ₹449.28 Cr | ₹493.73 Cr | ₹473.53 Cr | ₹488.38 Cr | ₹516.45 Cr | ₹526.05 Cr | ₹504.41 Cr | ₹463.7 Cr | ₹416.51 Cr |
| Exceptional Items | -₹492.96 Cr | -₹48.73 Cr | -₹7.9 Cr | ₹0 | -₹20.27 Cr | -₹91.7 Lakh | ₹13.54 Cr | -₹145.66 Cr | -₹13.34 Cr | ₹0 | -₹2.1 Cr | ₹0 |
| Profit Before Tax | ₹23.1 Lakh | ₹391.58 Cr | ₹430.14 Cr | ₹449.28 Cr | ₹473.46 Cr | ₹472.61 Cr | ₹501.91 Cr | ₹370.78 Cr | ₹512.72 Cr | ₹504.41 Cr | ₹461.6 Cr | ₹416.51 Cr |
| Total Tax Expense | ₹117.99 Cr | ₹103.54 Cr | ₹120.21 Cr | ₹110.75 Cr | ₹127.84 Cr | ₹126.57 Cr | ₹140.75 Cr | ₹101.36 Cr | ₹123.06 Cr | ₹126.6 Cr | ₹115.61 Cr | ₹105 Cr |
| Net Profit | -₹117.76 Cr | ₹288.04 Cr | ₹309.94 Cr | ₹338.52 Cr | ₹345.63 Cr | ₹346.04 Cr | ₹361.16 Cr | ₹269.42 Cr | ₹389.66 Cr | ₹377.81 Cr | ₹345.99 Cr | ₹311.5 Cr |
| Other Comprehensive Income | -₹141.07 Cr | -₹4.67 Cr | -₹149.65 Cr | -₹116.91 Cr | -₹26 Cr | -₹25.92 Cr | -₹105.23 Cr | ₹32.81 Cr | -₹227.21 Cr | -₹12.81 Cr | -₹21.82 Cr | ₹78.14 Cr |
| Total Comprehensive Income | -₹258.83 Cr | ₹283.37 Cr | ₹160.28 Cr | ₹221.61 Cr | ₹319.62 Cr | ₹320.12 Cr | ₹255.93 Cr | ₹302.23 Cr | ₹162.44 Cr | ₹365 Cr | ₹324.17 Cr | ₹389.65 Cr |
| EBITDA (computed) | ₹645.82 Cr | ₹593.74 Cr | ₹597.52 Cr | ₹613.97 Cr | ₹664.76 Cr | ₹641.22 Cr | ₹660.23 Cr | ₹696.05 Cr | ₹697.34 Cr | ₹697.71 Cr | ₹649.17 Cr | ₹595.9 Cr |
| Basic EPS | ₹-2.47 | ₹6.03 | ₹6.48 | ₹7.08 | ₹7.23 | ₹7.38 | ₹7.75 | ₹5.79 | ₹8.37 | ₹8.11 | ₹7.43 | ₹6.69 |
| Diluted EPS | ₹-2.47 | ₹6.03 | ₹6.48 | ₹7.08 | ₹7.23 | ₹7.38 | ₹7.75 | ₹5.79 | ₹8.37 | ₹8.11 | ₹7.43 | ₹6.69 |
Shareholding Pattern of Bharat Forge Ltd
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 44.07%, foreign institutional investors hold 14.15%, domestic institutional investors hold 32.76%, retail and other public shareholders hold 9.01% of Bharat Forge Ltd. The company had 228,156 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 44.07% | 44.07% | 44.07% | 44.07% | 44.07% | 44.07% |
| Public | 55.93% | 55.93% | 55.93% | 55.93% | 55.93% | 55.93% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 44.07% | 44.07% | 45.25% | 45.25% | 45.25% | 46.25% | 46.25% | 46.25% | 46.24% | 46.24% | 47.24% |
| Public | 55.93% | 55.93% | 54.75% | 54.75% | 54.75% | 53.75% | 53.75% | 53.75% | 53.76% | 53.76% | 52.76% |
| Promoter change (YoY, %pts) | +0.00 | -1.18 | +0.00 | +0.00 | -1.00 | +0.00 | +0.00 | +0.01 | +0.00 | -1.00 | - |
Board & Governance of Bharat Forge Ltd
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Bharat Forge Ltd has 10 directors - 5 independent and 4 executive. The board is chaired by BABASAHEB NEELKANTH KALYANI.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| BABASAHEB NEELKANTH KALYANI | Executive Director · Chairperson | 1993-03-30 | 3 |
| AMIT BABASAHEB KALYANI | Executive Director | 2004-05-11 | 6 |
| BASAVRAJ KALYANI | Executive Director | 2006-05-23 | 1 |
| ASHISH BHARAT RAM | Non-Executive - Non Independent Director | 2023-09-01 | 4 |
| SUBODH EKNATH TANDALE | Executive Director | 2006-05-23 | 1 |
| KANWAR BIR SINGH ANAND | Non-Executive - Independent Director | 2022-06-27 | 6 |
| SONIA SINGH | Non-Executive - Independent Director | 2022-06-27 | 5 |
| DIPAK BALASAHEB MANE | Non-Executive - Independent Director | 2019-06-21 | 1 |
| ANAND PATHAK | Non-Executive - Independent Director | 2024-07-12 | 1 |
| RASHMI JOSHI | Non-Executive - Independent Director | 2024-12-30 | 5 |
| Committee | Members |
|---|---|
| Audit Committee | KANWAR BIR SINGH ANAND (Chairperson), RASHMI JOSHI, ASHISH BHARAT RAM |
| Nomination and remuneration committee | DIPAK BALASAHEB MANE (Chairperson), ASHISH BHARAT RAM, SONIA SINGH, RASHMI JOSHI |
| Stakeholders Relationship Committee | ANAND PATHAK (Chairperson), BABASAHEB NEELKANTH KALYANI, AMIT BABASAHEB KALYANI, SONIA SINGH |
| Risk Management Committee | BABASAHEB NEELKANTH KALYANI (Chairperson), AMIT BABASAHEB KALYANI, ASHISH BHARAT RAM, RASHMI JOSHI |
| Corporate Social Responsibility Committee | BABASAHEB NEELKANTH KALYANI (Chairperson), ANAND PATHAK, AMIT BABASAHEB KALYANI, KANWAR BIR SINGH ANAND |
| ESG Committee | AMIT BABASAHEB KALYANI (Chairperson), SONIA SINGH, DIPAK BALASAHEB MANE |
Group Structure of Bharat Forge Ltd
Bharat Forge Ltd has 17 subsidiary companies, 1 joint venture, and 1 associated company. This group structure data is as of FY 2024. The corporate group structure reflects Bharat Forge Ltd's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| J S Auto Cast Foundry India P | U27310TZ2004PTC011284 | - |
| Bf Industrial Technology & Solutions Limited | U28910GJ1989PLC012015 | - |
| Sagar-Manas Technologies Limited | U29100PN2022PLC209117 | - |
| Bf Elbit Advanced Systems Private Limited | U29270PN2012PTC144268 | - |
| Kalyani Rafael Advanced Systems Private Limited | U29270PN2015PTC156252 | - |
| Kalyani Lightweighting Technology Solutions Limited | U29299PN2022PLC213002 | - |
Showing major subsidiaries. Total: 17.
Charges & Borrowings of Bharat Forge Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Mar 2025 | Bank of India | ₹3,400 Cr | Open |
| 06 Jan 2003 | Sumitomo Mitsui Banking Corpn. | ₹60 Cr | Open |
| 10 Dec 1996 | The Scici Limited | ₹11 Cr | Open |
| 24 Sep 1993 | The Industrial Finance Corpn. of India | ₹90 Lakh | Open |
| 26 Mar 1992 | Life Insurance Corpn. of India | ₹3.5 Cr | Open |
Total charge records: 55 View all charges
Employees and EPFO Compliance at Bharat Forge Ltd
Bharat Forge Ltd has a workforce of 191 employees as of Aug 30, 2025.
Employee and EPFO history for Bharat Forge Ltd
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GST Compliance of Bharat Forge Ltd
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Credit Ratings, Litigation & Regulatory Alerts for Bharat Forge Ltd
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MSME Payment Delays by Bharat Forge Ltd
MSME payment history for Bharat Forge Ltd
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Subsidiaries & Group Companies of Bharat Forge Ltd
Corporate group structure for Bharat Forge Ltd
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MCA Filings & Documents of Bharat Forge Ltd
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Recent Activity on Bharat Forge Ltd
Recent News on Bharat Forge Ltd
Frequently Asked Questions about Bharat Forge Ltd
Bharat Forge Ltd is an active public limited company in the engineering sector based in Pune, Maharashtra, India. It was incorporated on 19 June 1961 (65+ years old) and is registered under CIN L25209PN1961PLC012046. Listed on BSE: 500493 and NSE: BHARATFORG. The company has 191 employees.
Bharat Forge Ltd reported revenue of ₹16,812 Cr for FY 2026 (up 11.17% YoY) based on consolidated NSE filings.
The current directors of Bharat Forge Ltd are:
- Subodh Eknath Tandale - Whole-Time Director
- Basavraj Prabhakar Kalyani - Whole-Time Director
- Babasaheb Neelkanth Kalyani - Managing Director
- Amit Babasaheb Kalyani - Whole-Time Director
- Dipak Balasaheb Mane - Director
- Kanwar Bir Singh Anand - Director
- Sonia Singh - Director
- Rashmi Satish Joshi - Director
- Ashish Bharat Ram - Director
- Anand Swarup Pathak - Director
The primary industry of Bharat Forge Ltd is engineering. The company specifically operates in metal foundry and fabrication services. The company is currently active in this sector.
Yes. Bharat Forge Ltd is listed on both BSE (code: 500493) and NSE (symbol: BHARATFORG).
Bharat Forge Ltd can be reached at the registered office: Mundhwa Pune Cantonment, Maharashtra, India – 411036, or through the website bharatforge.com.