List of Top Forgings Companies in India

Here is the List of Top Forgings companies in India which are sorted out based on Turnover.

Top Forgings Companies in India

So here is the List

6. M M Forgings Ltd

The Company was founded in 1946 and the Forging division was established in 1974. The company is one of the largest exporter of Forgings in India in its product range and has created a niche in the International Market.

  • Revenue: Rs 872 Cr
  • Market Cap:  1,077 Cr.
  • ROE: 20.20 %
  • Sales Growth (3Yrs): 21.64 %
  • Promoter holding56.34 %
  • Debt to equity: 1.31
  • Price to book value: 2.32

It has been the recipients of the EEPC (Engineering Export Promotion Council) award for export excellence for 25 consecutive years. The company has continuously expanded by adding state of the art forging facilities and machining capabilities to cater to the requirements of its international customers.

5. Ramkrishna Forgings Ltd

Ramkrishna Forgings Limited was founded on 12th November 1981. The company became a limited company on 25th May 1995 and The company is suppliers to various sectors like Automotive, Railways, Farm Equipment, Bearings, Oil & Gas, Power and Construction, Earth Moving & Mining, both in India & overseas markets.

  • Revenue: Rs 1,715 Cr
  • Market Cap:  1,154 Cr.
  • ROE: 14.74 %
  • Sales Growth (3Yrs): 28.61 %
  • Promoter holding: 44.80 %
  • Debt to equity: 0.96
  • Price to book value: 1.31

It is also a critical safety item supplier for Screw Coupling, Bolster suspension, Side frame keys and Draw Gear Assembly for Railway Coaches and wagon. Ramakrishna Forging is 5th in the List of top Forgings Companies in India.

The company is a preferred supplier to OEM’s like TATA Motors, Ashok Leyland, VE Commercial and Daimler in India and to Volvo, Mack Trucks, Iveco, Ford in the overseas markets. It also supply globally to Tier 1 axle manufacturers like Dana, Sisamex, Meritor and American Axles.

4. Electrosteel Castings Ltd

The company is India’s leading pipeline solution provider. The Company’s first manufacturing facility at Khardah is now into the production of Ductile Iron Pipes, DI Fittings and Pig Iron. CI spun pipes are now manufactured at the Company facility in Elavur (Tamil Nadu) while Low Ash Metallurgical Coke (LAMC), is produced at the Industrial Unit at Haldia (West Bengal).

  • Revenue: Rs 2,781 Cr
  • Market Cap:  660.26 Cr.
  • ROE: 7.22 %
  • Sales Growth (3Yrs): 6.99 %
  • Promoter holding: 52.22 %
  • Debt to equity: 0.55
  • Price to book value: 0.24

Apart from meeting the growing demand for DI Pipes in India successfully, Electrosteel has established a strong foothold in the international markets. It caters to a large customer base in 35 countries spread across the Indian subcontinent, South East Asia and the Middle East, Europe, the USA, South America, and Africa.

3. AIA Engineering Ltd

AIA Engineering Ltd was Established in 1979 at Ahmedabad, INDIA. The company is ISO 9001 Certified and engaged in Design, Development, and Manufacturing. The company is 3rd in the List of top Forgings Companies in India.

  • Revenue: Rs 3,044 Cr
  • Market Cap:  16,975 Cr.
  • ROE: 14.70 %
  • Sales Growth (3Yrs): 13.54 %
  • Promoter holding: 58.47 %
  • Debt to equity: 0.02
  • Price to book value: 4.60

This Forging company is Second Largest Hi-Chrome casting producer in the world. Public Limited Company with the shares traded on BSE (Bombay Stock Exchange) and NSE (National Stock Exchange Of India)

2. Mahindra CIE Automotive Ltd

Mahindra CIE (Forging Division) is strategically located at Chakan MIDC near Pune, with the nearest port (JNPT Mumbai) at 130 km. Capabilities: The forging plant is a leading manufacturer for Crankshafts & Knuckles in its addressable market segment of Passenger Cars, Utility Vehicles, Light Commercial Vehicles & Tractor.

  • Revenue: Rs 8,160 Cr
  • Market Cap:  6,595 Cr.
  • ROE: 12.39 %
  • Sales Growth (3Yrs): 26.15 %
  • Promoter holding: 67.69 %
  • Debt to equity: 0.34
  • Price to book value: 1.46

The MCIE forging plant is fully equipped with an integrated facility of Design & Engineering, Die Tool Manufacturing, Hot Forging & Machining of a variety of automotive components. The company becomes a preferred supplier of Crankshafts & Knuckles in India with emphasis upon exports through continuous improvement in technology and machining capabilities.

1. Bharat Forge Ltd

Bharat Forge manufactures an extensive array of critical and safety components for several sectors including Automobiles (across Commercial & Passenger Vehicle), Oil & Gas, Aerospace, Locomotives, Marine, Energy (across renewable and non-renewable sources), Construction, Mining, and General Engineering.

  • Revenue: Rs 9,618 Cr
  • Market Cap:  23,242 Cr.
  • ROE: 20.30 %
  • Sales Growth (3Yrs): 14.22 %
  • Promoter holding: 45.76 %
  • Debt to equity: 0.70
  • Price to book value: 4.16

Bharat Forge continues to leverage its expertise built on 4M’s (Metallurgy, metal forming, manufacturing, and machining) and R&D capabilities, to provide agile and adaptive solutions to its customers and establish itself as one of the best critical and safety components manufacturer both in India and globally. It is the largest Forgings Companies in India based on Revenue.

6 thoughts on “List of Top Forgings Companies in India”

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  2. dear sir i am having25 years of experience in various forging industries,i need to settle in my life.can you help me?

  3. Wonderful information about………….., thanks a lot for sharing kind of content with us. Your blog gives the best and the most interesting information.

  4. Production senior Supervisor.
    Dear sir.
    My full responsibility Production Quality Tool and die and Raw materials handling according party’s requirements.

  5. Hello, This blog is very useful !
    forging parts manufacturers had a great knowledge of the forging processes and take due consideration on the quality of the components parts during the forging process.


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