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.


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.


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.


Financial Performance