About Balu Forge Industries Limited

Balu Forge Industries Limited (BFIL) was established in 1989 by Mr. Prehlad Singh Chandock with the vision of manufacturing precision-engineered components for diverse industries. The Company began by producing crankshafts and soon expanded its portfolio to include forged components for automotive, defence, aerospace, railways, agriculture, and industrial machinery. Over the years, BFIL has achieved several milestones such as exporting its first component in 1991, becoming a supplier of choice to over 25 global OEMs across five continents in 2014, and completing its transition into a publicly listed company in 2020.

BFIL today operates four fully integrated manufacturing facilities, including a greenfield campus in Belgaum, Karnataka, and one unit in Ras Al Khaimah, UAE. Its advanced infrastructure features 7-axis and 11-axis CNC machining, robotic handling, anti-vibration systems, and automated forging presses. The Company also has a dedicated in-house R&D centre with metallurgical labs and additive manufacturing capabilities, enabling the rapid prototyping and development of specialised alloys. With exports to more than 80 countries, BFIL generates over 70% of its revenue from international markets.

Balu Forge Industries Limited’s Business Segments

The Company reports revenue distribution by end-use industries as follows:

• Automotive & Commercial Vehicles: 40%

• Heavy Engineering & Industrial Machinery: 18%

• Agriculture: 18%

• Defence: 9%

• Power Generation: 10%

• Oil & Gas: 5%

Balu Forge Industries Limited Key Management

• Mr. Jaspal Singh Chandock – Chairman & Managing Director

• Mr. Trimaan Singh Chandock – Executive Director

• Mr. Jaikaran Singh Chandock – Executive Director

Latest Updates on Balu Forge Industries Limited

• Capacity Expansion: Forging capacity scaled to 100,000 TPA, while machining reached 45,000 TPA. Commissioning is underway for a 25-ton closed-die forging hydraulic hammer and an 8,000-ton mechanical forging press.

• Defence Focus: A dedicated forging and machining line for defence is scheduled to commence in FY 2025-26, with approval to supply over 180 products.

• Global Footprint: Expanded presence to over 80 countries, supplying more than 25 OEMs worldwide.

• Technology & R&D: Strengthened additive manufacturing and alloy development, reducing product cycles to 3–5 months.

• Sustainability: Committed to becoming carbon neutral by 2040, 100% renewable energy by 2035, and zero liquid discharge by 2030.

• Recognition: CRISIL Ratings upgraded its credit ratings for bank facilities to BBB+/Stable (Packing Credit) and A2 (Post Shipment Credit).