Leveraging

Capabilities,

Enhancing

Opportunities

54th Annual Report 2014-15

Bharat Forge at a Glance

Part of the Kalyani Group, Bharat Forge is among the world's largest forging companies with manufacturing facilities spread across India, France, Germany and Sweden. It manufactures a wide range of high performance, critical and safety components.

Consolidated Revenues of ` 76,248 Million, up 13.5%
EBITDA* of `14,751 Million, up 43.2%
Net Profit of ` 7,625 Million, up 53%
Entry into Aerospace segment with 4 marquee customer contracts
Expanded manufacturing footprint in Europe with acquisition of Mécanique Générale Langroise,France

*Excludes exchange gain/(loss) and other income

Chairman & Managing Director's Message

Contrary to what is happening around the world, India is witnessing a historic tryst with opportunity. The economy has bottomed out and is inching upwards.

Dear Shareholders,

Last year, I had dwelt at length on how transformation is the only way forward for a world grappling with slow and uneven growth. The big picture has not changed much this year, as the global economy as a whole continues to struggle with moderate growth.

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Baba N. Kalyani
Chairman and Managing Director

Opportunity through
Technology and Innovation

Kalyani Centre for Technology and Innovation, Pune India

"Technology provides no benefits of its own; it is the application of technology to business opportunities that produces ROI." - Robert McDowell

One of the most notable traits that define a successful company over the long term is its ability to identify technological trends from an early stage and to exploit those opportunities for its growth.

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Opportunity through
Talent Creation

Convocation ceremony of B.S. (Manufacturing Engineering) programme

"In the end, all business operations can be reduced to three words: people, product and profits. Unless you've got a good team, you can't do much with the other two." - Lee Iacocca

Human resources are the backbone of a company's success as they play a major part in developing and executing strategy.
 

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Financial Performance