Executive Summary Bharat Forge Limited, is the world's largest single-location forging company, with an annual output of over 4,03,750 TPA. BFL is among the top 26 innovative companies in India. The world's largest forging company with manufacturing facilities spread across India, Germany, Sweden etc. It is India's largest manufacturer and exporter of automotive components. BFL has a diversified global customer base including the top five CV & PV manufacturers in the world, automotive, power, oil and gas industries. Introduction Incorporated in 1961 by Neelkanthrao Kalyani BFL is the flagship company of the Pune-based Kalyani Group, which has interest in forging, auto components, specialty steels, infrastructure, renewable energy and specialty chemicals business. Today it is the Largest forging company in the world. The company operates in two main segments – manufacturing of automotive components (vehicles, diesel engines) and non-automotive components (railways, energy, construction equipment.) As of 18-10-2016 stock value of BFL BSE- Rs. 915.40 NSE-Rs. 916 (Source- MoneyControl)

1. Guided by- Prof. Dr. Nilesh Gokhale
By-
16MBA006- Rupal Gupta
16MBA024- Suraj Patole
16MBA025- Pranav Kenjale
16MBA026- Darshan Bothara
16MBA030- Jyotsna Sistla

2. C
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Bharat Forge Limited
Executive Summary
Introduction
Enterprise History
Vision And Mission
Corporate Social Responsibility
Acquisitions
Joint Ventures
Organization Structure
Geographic Presence
Quality Certifications
Market
Competitions
Financials
Corporate Governance
Future Plans
Conclusion
Bibliography

3.  Bharat Forge Limited, is the world's largest single-
location forging company, with an annual output of over
4,03,750 TPA.
 BFL is among the top 26 innovative companies in India.
 The world's largest forging company with manufacturing
facilities spread across India, Germany, Sweden etc.
 It is India's largest manufacturer and exporter of
automotive components.
 BFL has a diversified global customer base including the
top five CV & PV manufacturers in the world,
automotive, power, oil and gas industries.

4.  Incorporated in 1961 by Neelkanthrao Kalyani BFL is the
flagship company of the Pune-based Kalyani Group, which
has interest in forging, auto components, specialty steels,
infrastructure, renewable energy and specialty chemicals
business.
 Today it is the Largest forging company in the world.
 The company operates in two main segments –
manufacturing of automotive components (vehicles, diesel
engines) and non-automotive components (railways,
energy, construction equipment.)
 As of 18-10-2016 stock value of BFL
BSE- Rs. 915.40 NSE-Rs. 916
(Source- MoneyControl)

5.  1950’s- Indian Automotive Industry based highly on Imports.
 1961- Creation of Bharat Forge.
 1970’s- Monopoly being created in Forging Industry.
 1980’s- Diversification into an engineering enterprise.
 1990’s- Bharat Electronics dominating the market.
 1995- The Company had entered into a technical knowhow
and Assistance agreement with Metalart Corporation, Japan
for the manufacture of small precision forgings.
 2014- Entry into the Indian civil and military aerospace.
 2015- Inauguration of the ‘High Tech Rail Component
Manufacturing Facility’

6.  Vision-
1. To be committed to listening and responding to the
needs of our customers, associates and business
partners and honouring their individual value.
2. To be committed to an entrepreneurial spirit that
fuels the growth of our companies and increases
shareholder value.
 Mission-
Spirit of innovation is the core of the
organization's DNA and plays a paramount role in
delivering value to customers through extensive focus
on technology & value addition.

7. BFL has taken social initiatives not just for the sake
of adhering to the Companies act of 2013, Schedule
7- CSR, but they strongly believe that success in
business is deeply rooted in the progress of the
society this can easily be seen by-
1. 'Pratham Pune Education Foundation'(PPEF)-
making primary education accessible to the less
fortunate has been running succesfully for the past
10 years.
2. Community Initiative for Women.
3. ‘Lakshya’- Sports Initiative specially for Tennis.

8.  Overseas acquisitions by Bharat Forge, with the Rs
689.2-crore Bharat Forge Ltd (BFL) disclosing its
acquisition of Carl Dan Peddinghaus GmbH (CDP)
in 2003.
 Bharat Forge’s German subsidiary CDP Bharat
Forge GmbH had acquired 100 per cent equity
shares of Oil & Gas Machining
Company, Mécanique Générale Langroise (MGL)
for Euro 11.8 million (Rs 90 crore).

9. Joint Venture Name Companies Year of JV formation
Automotive Axles Limited
(AAL)
Kalyani Group and Meritor
Inc., USA.
1980
Kalyani Carpenter Special
Steels Ltd.
Technology Corporation, USA 1995
Kalyani Lemmerz Ltd (KLL) Hayes Lemmerz, USA and the
Kalyani Group.
1995
FAW Bharat Forge (Changchun)
Co Ltd
FAW Corporation, China 2006
BF NTPC Energy System Limited NTPC and Bharat Forge 2008
Kalyani ALSTOM Power Ltd Alstom, France 2009
KPIT Cummins , Bharat Forge KPIT Cummins , Bharat Forge 2010
David Brown Bharat Forge Gear
Systems India Limited
David Brown Bharat Forge 2011

10. BFL follows a Matrix organization structure
wherein International Division and Product
Division Structures are combined.

12. ISO 9001: 2008 CERTIFICATION
 ISO 9001:2008 – Common For all Mundhwa, Chakan & Baramati
ISO/TS 16949: 2009
 ISO TS16949:2009 – Mundhwa Plant
 ISO TS16949:2009 – Chakan Plant
 ISO TS 16949:2009– Baramati Plant
ISO 14001: 2004
 ISO 14001- Mundhwa Plant
 ISO 14001- Chakan Plant
 ISO 14001- Baramati Plant
EC CERTIFICATE OF QUALITY SYSTEM APPROVAL
 EC Certificate of Quality System Approval

13. Major Product Lines-
Automotive, Power
Oil and Gas
Rail
Claw Lock and Piston
Marine
Aerospace
Construction and Mining

14.  Prime Competitor to Bharat Forge Globally is Germany
based Thyssenkrupp whereas in India are- Mahindra CIE,
Electrosteel, Ram Krishna Forge, MM Forgings, Alicon
Castallo, Kalyani Forge.
 Combined the 5 share more than 90% of the total Market
Cap and either one of them is used in both, Sensex or Nifty.
Whereas Bharat Forge alone owns almost 40% of the total
market capital amongst these 5 companies.
 Metalyst Forging, Nelcast, Sanghvi Forging, Simplex
Casting, Hinduja Found take the rest part of the cake in the
mentioned order.
 The total assets of the top ranking Bharat Forge are more
than the combined assets of the second ranked Mahindra
CIE and third ranked Electrosteel combined, as of FY2015.

15.  FY 2015-16 witnessed a
marginal decline of 5% in
total revenues from ` 45,481
Million in FY 2014-15 to
43,054 Million in FY 2015-
16. Domestic sales grew by
4%, primarily on account of a
buoyant M&HCV market,
aided by revenues from the
industrial sector, which
showed marginal growth.
This happened, despite a
tough demand environment,
amid slowdown of
infrastructure activities.

16. 0
5000
10000
15000
20000
25000
30000
35000
40000
45000
50000
Mar '12 Mar '13 Mar '14 Mar '15 Mar '16
36860
25.08%
31512
-14.51%
33993
7.87%
45481
33.08% 43054
-5.34%
Y-o-Y Growth
Net Sales (in million)

17.  Exchanges where BFL in listed are- BSE, NSE,
Luxembourg, MCXSX.

18.  Bharat forge believes that
it is imperative and non-
negotiable for a world–
class company to adopt
transparent accounting
policies, appropriate
disclosure norms, best-in-
class board practices and
consistent high standards
of corporate conduct
towards its stakeholders.
 ICRA has assigned ‘A1+’
and ‘LAA’ Rating to
Bharat Forge

19.  Establishing core platform for Smart Manufacturing under
Industry 4.0 Program
 Exploring Product Life Cycle Management (PLM) for
Aerospace Business Vertical
 Implementing Integrated Customer Relationship (CRM)
Solution
 Implementing Company-wide Data Leakage Prevention
(DLP) Solution
 Redesigning campus-wide network to support converged
communications of Data, IoT, Video and Voice
 Integrating Industry 4.0 with Bharat Forge Excellence
 System to make it a part of the Company’s DNA
 Upgrading SAP to ensure compatibility to implement
 GST related functional needs

20. Bharat Forge Limited is World’s Second Largest forging
company in the world, after Germany based Thyssenkrupp, It is
already the world's largest single-location forging company, with
an annual output of over 120,000 tonnes, supplying to Toyota,
Honda, Volvo, Cummins and Daimler Chrysler. Though the
company has seen total revenue decline by 5.3%, EBITDA
margins expanded by 110 bps driven by focus on cost control and
supported by benign commodity prices. Bharat Forge being an
Innovative company has many plans for the. The Company is
preparing to take advantage of this opportunity and trying to
create their own ecosystem of a digital organization. Bharat
Forge has started this journey in areas of connected enterprise,
big data, mobility, augmented reality (human-machine interface)
and additive manufacturing.

21.  Times of India, articleshow (297243)
 History from- ET
(http://economictimes.indiatimes.com/bharat-forge-
ltd/infocompanyhistory/companyid-13958.cms)
 Organization Structure-
http://www.theofficialboard.com/org-chart/bharat-forge
 United States Agency for International Development.
 Bharat Forge , 55th Annual Report 2015-16 , Dion Global
Solutions Ltd.
 Investor Presentation October 2016 Bharat Forge Ltd,
Pune.

22.  http://bharatforge.com/ 8th October 2016 , Saturday.
 http://www.business-standard.com/article/companies/bharat-
forge-acquires-france-based-mgl- 115010200459_1.html
date 13th October 2016 , Thursday.
 http://www.thehindubusinessline.com/2003/11/23/stories/20
03112301510100.htm 13th October 2016, Thursday.
 http://www.business-standard.com/article/companies/bharat-
forge-acquires-france-based-mgl- 115010200459_1.html 1st
November 2016, Saturday.
 http://www.moneycontrol.com/ 7th October 2016, Monday.
 http://economictimes.indiatimes.com/ 7th October 2016,
Monday.