भारत फोर्ज > कंपनी इतिहास > Castings & Forgings > कंपनी इतिहास का भारत फोर्ज - बीएसई: 500493, NSE: BHARATFORG

भारत फोर्ज

बीएसई: 500493  |  NSE: BHARATFORG  |  ISIN: INE465A01025  |  Castings & Forgings

कंपनी इतिहास - भारत फोर्ज
Bharat Forge Ltd is one of the most innovative and exciting companies
 to emerge in the history of the forging industry. 
 The Indian Automotive Industry in the 50s was more like the story of
 imported kits. Ancillaries were nominal and infrastructure was scarce
 and inadequate. It was then, that Bharat Forge came into existence in
 1961 to meet the forging needs of the Indian Automotive Industry. 
 The 70s witnessed a spurt in the Indian forging industry with more
 and more units coming up. For Bharat Forge, it was a period of
 consolidation and growth. With the largest integrated facilities in
 Asia and an unbeatable track record, Bharat Forge emerged as the
 undisputed leader - the first name in the forgings industry in India.
 With an emphasis on diversification, the 80s saw Bharat Forge grow
 from a primarily automotive ancillary to an engineering enterprise
 focusing on technological supremacy, resilience and total
 Today, the art of forging metal is a tradition at Bharat Forge, and
 all of our products are built with the expertise necessary to
 accommodate various industries. Each customer specification is
 carefully transformed into a cost-efficient reality. Every part we
 create is a representation of our overall dedication to
 An outstanding reputation for customer service coupled with the
 Management commitment to quality has made Bharat Forge the preferred
 domestic and global supplier for major OEMs. Under the intense and
 caring supervision of the Chairman & Managing Director, Mr. Babasaheb
 N. Kalyani, the company continues to expand and its markets continue
 to grow, while the goal remains the same : to deliver competitive,
 quality products and services - time after time.
 - The Company was incorporated on 19th June at Mumbai.  The main
 of the Company is to manufacture forgings and finished crankshafts.
 - Shares of Rs.100 each subdivided.
 - 9,30,000 Bonus Equity shares issued in prop. 3:5.
 - Pref. shares redeemed in 3 equal instalments on 2nd January, 1st
 and 1st January, 1979.
 - The Company's technical collaboration with Sifco Industries Inc.,
 U.S.A., ended on 31st March.
 - 24,80,000 No. of equity shares issued at a prem. of Rs.30 per
 in part conversion of V Series debentures.
 - Balchandra Investment Pvt. ltd., became a wholly owned subsidiary
 the Company and consequently, a deemed public limited company under
 section 43-A of the Companies Act, 1956.
 - An agreement was concluded with Tokyo, Drop Forging Co., Ltd., of
 Japan for technology upgradation, cost optimisation and quality
 improvements in the Company's forging unit.
 - The Company concluded an agreement with Maharashtra Electronics
 Corporation Ltd. (MELTRON), to establish a joint venture to
 colour T.V. sets.
 - Forge Investment Ltd., and Mundhwa Investment Ltd., became
 subsidiaries of Bhalchandra investment Ltd., with effect from 4th
 - The installed capacity of steel forgings at Pune was further
 increased from 30,000 tonnes to 40,000 tonnes per annum.
 - Industrial licence for steel forgings was endorsed for 7,200
 and 42,800 tonnes per annum at Jalgaon and Pune units respectively.
 - In addition, the Company also received industrial licence for the
 manufacture of couplings with 600 tonnes per annum capacity at
 - To obtain technology and know-how for the manufacture of
 the Company entered into a collaboration agreement with Torsiflex
 - The Company privately placed with financial Institutions
 secured redeemable non-convertible debentures (IV Series - PP) of
 100 each, for working capital requirements.  Also, 4,80,000-15%
 paid secured redeemable non-convertible debentures (IV
 of Rs.100 each were issued on rights basis to finance its industrial
 machinery and couplings projects at Vaduth, Satara, and at Mundhwa,
 - In addition, 7,50,000-10% fully paid secured redeemable
 debentures (V Series) of Rs.240 each were issued on rights basis to
 finance its front axle assembly projects and for the expansion of
 forgings capacity and defence products machinery at Mundhwa, Pune.
 - A letter of intent for machine components was partially converted
 into an industrial licence for the manufacture of some of the items
 such as defence products machinery etc. as included in the letter of
 intent at Mundhwa, Pune.
 - Registration was obtained for the manufacture of assemblies,
 components, spares, accessories for metallurgical machinery, size
 reduction and crushing equipment, conveying equipment and size
 separation units with a total capacity of 1,200 tonnes per annum at
 Vaduth, Satara.
 - Registration for additional capacity of 700 tonnes per annum was
 obtained for the Vaduth unit, for the manufacture of other items of
 industrial machinery.  The Company also undertook to market colour
 receivers and automotive components manufactured by other companies.
 - The name of the Company was changed from Bharat Forge Co. Ltd., to
 Bharat Forge, Ltd. with effect from 30th April.
 - 3,12,500 No. of equity shares issued at a prem. of Rs 30 per share
 part conversion of V Series debentures.
 - Effective from 31st October, Jalkumbhi Investment and Finance Pvt.
 Ltd. and Starflower Investment Ltd. became subsidiaries of Forge
 Investment Ltd.
 - Chakrapushpa Investment and Finance Ltd. and Jalakamal Investment
 Finance became subsidiaries of Mundhwa Investment, Ltd.
 - The Company undertook modernisation and rationalisation of the
 forgings & furnish machined crankshafts division at Pune.
 - Delay in the receipt of imported equipment and the initial
 troubles delayed the modernisation programme at the steel forgings
 division, Pune.  Both the presses were installed by 1991-92.
 - A joint venture under the name of Kalyani Sharp India Ltd. (KSIL)
 set up for the manufacture of Televisions & VCRs.  Necessary
 were received for the transfer of the Company's electronics
 division to KSIL effective from 1st, October.
 - During September-October, the Company offered 10,55,450-14%
 non-convertible (VI Series) debentures of Rs.100 each on Rights
 in the prop. 1 debenture : 10 equity shares held.  (All were taken
 Additional 1,52,349 debentures were allotted to retain
 - The Company also issued 63,882 debentures (inclusive of
 over-subscription of 15% of 55,500 debentures) to employees
 Indian working directors)/workers of the Company on an equitable
 (only 2,010 debentures were taken up).  The unsubscribed portion of
 61,872 debentures was allowed to lapse.
 - A detachable coupon is attached to every debenture entitling the
 holder thereof the right to apply and get one equity share of Rs.10
 each at a premium as may be approved by CCI at the expiry of 5 years
 from the date of allotment of debentures.
 - The debentures were to be redeemed at par at the end of the
 year, from the date of allotment of debentures.
 - 52,72,500 bonus shares issued in prop. 1:1.  35,15,000 rights
 issued (prem. Rs.40 per share; prop. 1:3).  4,76,412 shares allotted
 retain oversubscription.  Another 50,838 shares allotted privately
 (prem. Rs.40 per share).  Another 48,450 shares allotted to
 (prem. Rs.40 per share).
 - On 22nd May, the Company allotted 10,00,000-14% non-convertible
 debentures (7th series) of Rs.100 each on private placement basis.
 - The Company issued 19,00,000-18% secured redeemable
 debentures (8th Series) of Rs.100 each on private placement basis
 Mutual Funds.  These are to be redeemed in equal instalments at the
 of 6th, 7th and 8th year from the date of allotment viz., 26th
 November, at a premium of 5% payable along with the instalment due
 the end of 7th year.
 - The Financial Services Division commenced for investment in
 fund based areas.  During the year, it diversified its portfolio
 real estate development.
 - The company commissioned the 12,800 tonnes capacity screw type hot
 forging press.
 - During September/October, the Company offered 13,36,500-16%
 Non-convertible debentures of Rs.300 each with a detachable warrant
 Rights basis in the prop. 1 debenture : 11 equity shares held.  All
 were taken up.
 - Another 66,830-16% Non-Convertible debentures of Rs.300 with
 detachable warrants each were offered to the employees' on an
 basis only 1,560 debentures were taken up.  Unsubscribed portion of
 65,270 debentures was allowed to lapse.
 - These debentures are to be redeemed at a premium of 5% in three
 instalments at the expiry of 6th, 7th, and 8th year from the date of
 allotment of debentures.
 - Every debenture was attached with a warrent which entitled the
 allottee (of the debenture) to receive a equity shares of 12 months
 from the date of allotment of debentures.  If the right attached to
 coupon/warrant was not exercised within the specified period, the
 equity shares pertaining to the warrants were to be disposed of at
 discretion of the directors.
 - Forfeiture on 370 shares annulled.  38,01,950 shares allotted as
 rights/to employees (prem. Rs.150 per share).
 - The fall in exports was due to the letter of credit not being
 at Ukraine and recessionery conditions in the thrust markets of Japan
 W. Europe.
 - 13,37,035 No. of equity shares issued at a prem. of Rs. 145 per
 on excercise of warrants attached to NCD (9th shares).
 - During February/March, the Company offered 65,93,300 No. of equity
 shares of Rs.10 each at a premium of Rs.40 per shares in prop. 1:3
 were taken up).
 - Another 3,29,700 No. of equity shares of Rs.10 each were issued to
 the employees on an equitable basis (all were taken up).
 - The Company also offered 28,26,000-14.5% secured redeemable
 non-convertible debentures of Rs.50 each with a coupon/warrant
 in the prop. 1 deb : 7 equity shares held.  (All were taken up).
 - Another 1,41,300-14.5% debentures were issued to the employees on
 equitable basis (only 1,00,450 debentures taking unsubscribed
 was allotted to lapse).
 - These debentures would be redeemed at par in three equal
 at the expiry of 6th, 7th, 8th year from the date of allotment.
 - Each warrant entitles the holder to apply for one equity share of
 10 each at a premium of Rs 40 per share.
 - On 1st March, the Company issued convertible notes (1994-1999) of
 Swiss Francs 20.00 million equivalent approximately to Rs.431
 - Effective from 24th October, Starfflower Investment and Finance
 and Chakrapushpa Investment and Finance Ltd. ceased to be
 of the Company.
 - Forfeiture on 4485 shares annulled.  69,23,000 shares allotted as
 Rights to the shareholders and employees, 12,09,801 shares issued
 (Prem. Rs. 40 againt Equity Warrants attached to NCD VI Series.
 35,00,000 shares allotted (Prem. Rs. 146) against Warrants issued to
 Promoters.  Pref. shares issued on private placement basis.
 - The Company proposed to set up a plant for the manufacture of
 Machined Crankshafts with a capacity of 1,80,000 nos. per annum at
 - The Company had entered into a technical knowhow and Assistance
 agreement with Metalart Corporation, Japan for the manufacture of
 precision forgings.
 - 293, shares allotted.  29,26,450 shares allotted (prem. Rs. 40 per
 share) against warrants attached to NCDs.  (Xth series).  15,68,600
 shares issued (prem. Rs. 186.93 per share).  Under senior executive
 stock cum share option scheme 18,00,000 shares issued (prem. Rs.
 per share) to Promoters/Group Companies.
 - 120,00,000 Redeemable pref. shares redeemed during the year.
 - The Company has decided to go head with the implementation of the
 Mundhwa project for additional forgings capacity of 38,000 Tonnes.
 - BFL also has a financial services division which it set up in FY
 IN FY95 it diversified into production of wheel rims.
 - BFL's wheel rim division has been hived off into a joint venture
 the collaborator Lemmerze-Were of Germany, with effective from 4th
 - BFL is the leading player in the sector.  It is the flagship of
 Kalyani group and was established in 1961 in collaboration with
 Improvement and Forge Co., USA (SIFCO), Commercial production of
 forgings began in 1966 with the setting up of a plant at Mundhwa
 - Bharat Forge has surprisingly turned an impressive results.  Being
 the fifth-largest forging company in the world in volume terms.
 - Demerger of Investment Division & Wind Mills Division with effect
 from March, 1.
 2002-Bharat Forge Ltd has informed that Mr G A Nayak, Nominee
 Director of Unit Trust of India (UTI) has resigned and ceased to be
 Director, with effect from December 19, 2002, his nomination having
 been withdrawn by UTI.
 -Bharat Forge Ltd has retrenched around 800 employees which
 represents close to 
 one fourth of its total workforce at its manufacturing facility.
 -G A Nayak has replaced Mr.K.G.Vassal as the nominee of UTI on the
 of Bharat Forge.
 -Bharat Forge reported a 16% drop in the revenue and 81% drop in the
 net profits.
 -Bharat Forge signs a contract with Dana Corporation's Spincer Europe
 Ltd., for the 
 supply of forgings.
 -Leading Chinese Auto Dealer OEM has awarded the company a large
 for the supply of engine components,which is worth around  million
 - Bharat Forge Ltd secured the second Largest Customer in China.
 Yuchai Machinery Co.  a part of second Auto Works is among the
 Auto companies in China, which is a stepping stone for acquiring a
 large size
 of the Chinese Markets.
 -Bharat Forge Ltd has appointed Ajay  S Nagle as Company Secretary 
 and also to act as Compliance Officer.
 -New contracts has been won in the area of passenger car components.
 BFL has been chosen by Ford Motor Company and Daimler Chrysler as a
 supplier of components for their global passenger car programs.
 -Board approves raising of raising long term resources
 -Bharat Forge all set to enter China
 -Bharat Forge Ltd (BFL) has tied up with BITS-Pilani for offering
 employees an opportunity to enhance their education while continuing
 to work with the company and acquire degrees in BE and B.Tech.
 -Bharat Forge Ltd has appointed Mr Amit B Kalyani as Director of the
 company wef May 11, 2004 and also as Executive Director of the
 company wef May 11, 2004.
 -Bharat Forge Ltd receives `outstanding organisation' award for
 quality from the National Institution for Quality and Reliability on
 April 23
 -Bharat Forge acquires Imatra Kilsta AB, Sweden & Scottish Stampings,
 -Bharat Forge Ltd has signed a Joint Venture contract with FAW
 Corporation for its forging business
 -Bharat Forge enters in JV contract with FAW Corporation, China
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 -Bharat Forge Ltd has appointed Mrs. Lalita D Gupte as Director of
 the Company with effect from December 05, 2006.
 -Bharat Forge inks agreement with Maharashtra Govt to establish SEZ
 -Opening Ceremony of FAW Bharat Forge (Changchun) Co., Ltd. 
 -Government of Maharashtra and Bharat Forge joined hands to set up a
 multi-product SEZ in Pune District.
 -Centre for Advanced Manufacturing  takes shape in Baramati 
 -BHARAT FORGE  BITS PILANI convocation ceremony held for the first
 batch of B.S. (Manufacturing Engineering) Programme.
 -Bharat Forge Ltd has announced that on February 08, 2008, the
 Company has signed a Memorandum of Understanding (MOU) with NTPC Ltd,
 to set up a Joint Venture Company for its foray into the Capital Goods
 -Bharat Forge Ltd has has appointed Mr. Sunil Chaturvedi as
 Additional Director of the Company with effect from May 20, 2008 and
 he is also appointed as Executive Director of the Company with effect
 from May 20, 2008.
 -Bharat Forge Commissioned Indias Largest Commercial Open Forging
 -Bharat Forge signed Letter of Intent with IIT-Bombay 
 -Alstom and Bharat Forge to set up a Joint Venture to manufacture
 state-of-the-art super-critical power plant equipments in India. 
 -Bharat Forge signs MOU with Government of Maharashtra for its Centre
 for Advanced Manufacturing in Baramati 
 -Bharat Forge signed a MOU with NTPC
 - Bharat Forge Ltd has informed that the Board of Directors of the
 Company at its meeting held on May 20, 2009, has appointed Mr. P H
 Ravikumar as Additional Director of the Company with effect from May
 20, 2009.
 -Bharat Forge and AREVA sign MoU for Manufacture of Heavy Forgings in
 -Bharat Forge receives National Award for Best HR Practices -2009
 - Bharat Forge Ltd has appointed Dr. T. Mukherjee as Additional
 Director of the Company with effect from January 23, 2010.
 -Mr. Ajay Kumar Sharma has been appointed as Company Secretary of the
 Company and he will act as the Compliance Officer of the Company.
 -Bharat Forge has recommended Dividend of Rs. 3.50 per equity share
 -Bharat Forge Ltd's power equipment joint-venture with Alstom bags
 Rs. 1,570 crore order from NTPC Ltd.
 -Bharat Forge ecommend a final Dividend of Rs. 2.50/- Per Equity
 Share (125%),in addition to Interim Dividend paid of Rs. 1.50/.
 (75%), totalling to Rs. 4.00/- (200%)
 -Bharat Forge Ltd - NTPC orders three supercritical turbine islands
 from Alstom-Bharat 
 -The Company have appointed Mr.Vimal Bhandari as an Additional
 Director of the Company 
 -Bharat Forge, Alstom Power JV bags Rs 2,251 cr order from NTPC
 -Bharat Forge Ltd. ndia awarded Sword of Honour for safety success
 -B.N. Kalyani conferred with the IOD Distinguished Fellowship Award
 -Bharat Forge - Amalgamation of Joint Venture Companies
 -Safran and Bharat Forge to form partnership to address opportunities
 in Indian civil and military aerospace.
 -Baba N Kalyani conferred with the prestigious Sir M Visvesvaraya
 Memorial Award - 2014'
 -Saab and the Kalyani Group Sign a Strategic Partnership for the Air
 Defence of India
 -Bharat Forge Ltd - Production starts at Alstom-Bharat Forge's new
 turbine and generator manufacturing facility in India
 -Bharat Forge - Corporate reorganization of European subsidiaries of
 the Company
 -Bharat Forge awarded Recognition Prize - Energy Efficiency Award
 -Bharat Forge and Mahindra CIE, an alliance between Spain''s CIE and
 Indias Mahindra Group are in the race to acquire Amtek Autos German
 subsidiary Neumayer Tekfor. 
 -Bharat Forge Limited has formalized a significant supply agreement
 for long term co-operation with Rolls-Royce
 -Bharat Forge - Boeing awards 777X titanium forging contract to
 Bharat Forge
 -Bharat Forge awarded Certificate of Recognition by General Motors
 -Bharat Forge sets up ordnance factory in Pune
 -Bharat Forge wins the prestigious Make in India Awards for
 Indigenization through Make in India
 -Bharat Forge has Acquisition of Walker Forge Tennessee LLC
 -Bharat Forge awarded Silver Certificate for Manufacturing
 -Bharat Forge awarded with Frost & Sullivan Award 2016
 - Bharat Forge awarded the prestigious TIME India Global Manufacturer
 for the Year 2017.
 -''Update on acquisition of balance 40% equity shares of Analogic
 Controls India Limited (ACIL)''.
 -Bharat Forge secures maiden order from Ministry of Defence.
 -Bharat Forge awarded Daimler Supplier Award 2016.
 -Kalyani Group and Israel Aerospace Industries to incorporate a JV in
 India to Manufacture Specific Air Defense Systems.
 -Bharat Forge Recognized by General Motors as a 2016 Supplier of the
 Year Winner.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `1031 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `431.21 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `1520.40 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1610.02 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `1029.13 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `938.29 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शंस में `1.22 Cr की बिकवाली
  • ENTERS IN F&O BAN : Century Text के F&O में नई पोजीशन पर रोक
  • ENTERS IN F&O BAN : IDEA, EQUITAS के F&O में नई पोजीशन पर रोक
  • ENTERS IN F&O BAN : PNB के F&O में नई पोजीशन पर रोक

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(August 06, 2018)

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