BABA KALYANI
THE VISIONARY
ENTREPRENEUR
EXPLORE

Highlights of the Year

Maiden order in
E-mobility Business

We received maiden orders for E-mobility components and our subsidiary Tork Motors launched their flagship electric motorbikes. Kalyani Powertrain Limited (KPTL), as a 100% subsidiary was established, to consolidate all E-mobility related initiative under it

Commencement of US Aluminum Forgings plant

The Aluminum forgings facility at North Carolina commenced operations and the capacity is already sold out, addressing customers across traditional & EV platforms. This plant is working in collaboration with Germany and India, to deliver on the rising demand for light-weight vehicle components

Delivered Solid Financial Performance

Delivered a broad-based performance with improvements across all key performance indicators. Revenue grew by 71.3% to
₹ 62,546 Million and EBITDA by 129.2% to
₹ 16,804 Million.

JS Auto Cast
acquisition

We signed the SPA to acquire JS Auto Cast Foundry India (JS Auto Cast). It primarily operates in the industrial castings space and will strengthen our industrial business presence in terms of widening portfolio and providing access to new customers.

ATAGS Completes Final Trials

Our Advanced Towed Artillery Gun System (ATAGS), designed by DRDO, has successfully completed its fifth and final firing trials.

Strong Order
Bookings

We bagged new business worth ₹ 10,000 Million in FY 2022, bulk of order wins coming from PV & Industrial sectors.

Bharat Forge Smart Engineering
for a Better World

For over 50 years, we, at Bharat Forge, have been engineering critical components for automotive and industrial OEMs across global markets. With an ethos of innovation and a pioneering spirit, we have been at the forefront of solving problems and creating new opportunities.

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Ownership structure As at March 31, 2022

Message from the Chairman and
Managing Director

I take this moment to express gratitude to our team globally who have done a commendable job to ensure that the Company delivers on the commitment made to our customers globally.

B N KalyaniChairman and Managing Director

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Small Steps To Bigger Strides

E-mobility Makes a Silent Revolution

Industrial Business Stronger than Ever

International Operations Rejuvenated to Deliver in Long run

Defence Business Progresses with India’s Journey of Self-Reliance

FINANCIAL CAPITAL

Sustainable Performance
Backed by Solid Fundamentals

At Bharat Forge, we have consistently focused on maintaining the right capital structure underpinned by low debt and strong cash flows and to prudently deploy funds in areas of growth. This has enabled us to deliver steady returns and uphold business integrity through market cycles. In the present uncertain macro-economic scenario with high geopolitical tensions, our balance sheet and cash position provide confidence of long term.

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INTELLECTUAL CAPITAL

Pioneering Progress through a
Culture of Innovation and Excellence

At Bharat Forge, we are focused on driving smart engineering to deliver solutions that enable us to respond to the customer’s evolving needs. We are embracing better technologies and building an ecosystem of innovation to take forward this legacy and strengthen our competitiveness.

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MANUFACTURED CAPITAL

Scaling to a Global
Manufacturing Destination

Bharat Forge is one of the most efficient and advanced engineering products manufacturing company having Industry 4.0 competencies, large scale capacities and wide diverse portfolio capabilities. We are continually investing in better technologies and organic and inorganic opportunities, to set new benchmarks and position ourselves for the Make in India opportunity.

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HUMAN CAPITAL

Building a Productive and
Performance-driven Team

At Bharat Forge, our dedicated and diverse employees enable us to deliver on our objective with their passion, excellence and innovative spirit. With the business landscape in which we operate significantly-evolving, we are empowering them with future-ready skills with unique learning programs. We are attracting best talent and building a robust leadership pipeline to drive our competitiveness.

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SOCIAL AND RELATIONSHIP CAPITAL

Delivering Better
Value to Customers

Our business is centered around effectively responding to customer needs while being committed to timely delivery and high standards of quality. In the recent years, we have significantly evolved our business areas and technologies and improved our new product development approach to deliver better value to them. We are adopting unique approaches, especially post the pandemic, to meet their demands.

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NATURAL CAPITAL

Acting For a Better World

At Bharat Forge, we have embedded sustainability and responsible actions across every facet of our business. We are taking measures to improve energy efficiency, introduce cleaner technologies, optimize consumption of natural resources and progress towards circular economy. We are focused on evolving a long term strategy to create a lasting positive impact on the environment.

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