What we do Happy Forgings Ltd is an Indian manufacturer of heavy forged and precision machined components serving automotive and industrial sectors. |
Founded in 1,979 |
Market share Second largest producer of commercial vehicle crankshafts in India with leading market position in heavy forging sector. |
Problem solved Provides complex, safety-critical forged and machined components fulfilling stringent quality needs of automotive and industrial sectors. |
Top clients or who we serve Domestic and global OEMs in commercial vehicles, farm equipment, off-highway vehicles, industrial machinery, oil & gas, power, railways and wind turbines; primarily B2B. |
Key management Paritosh Kumar (Chairman and Managing Director, Founder), Ashish Garg (Managing Director), Megha Garg (Whole-time Director), Pankaj Goyal (CFO) |
Our journey and innovations Incorporated in 1979, expanded forging/machining capacities, commissioned multiple high-tonnage presses, diversified into new industries including EV components, and listed publicly in 2023. |
Where we operate Operations primarily in India with exports to global OEMs across automotive and industrial sectors. |
Top products or what we offer Crankshafts, front axle beams, steering knuckles, differential cases, suspension brackets, transmission parts, valve bodies for diverse industries. |
Top brands - |
Raw materials needed Steel billets and alloys for forging heavy and precision machined components. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue driven by both recurring OEM contracts and cyclical industry demand linked to automotive and industrial production. |
Our industry position Strong leadership in heavy forged crankshafts domestically; growing presence in passenger vehicle and industrial sectors. |
Financial highlights FY25 revenue Rs 1409 Cr, PAT Rs 267 Cr, EBITDA margin ~29%, strong cash flow and improving margins. |
Geographical revenue split Approximately 82% domestic and 18% export revenue in FY25. |
Order book - |
Whats driving growth Robust domestic demand, capacity expansion, diversification into new sectors, export market penetration, and operational efficiencies. |
Our future plans Commissioning higher capacity presses, expanding machining capacity, and investing in captive solar power for sustainability and cost efficiency. |
Our green promise Committed to halving carbon emissions by 2030, 100% wastewater recycling by 2025, renewable energy use, and extensive CSR initiatives. |
Our people and values Workforce culture emphasizing innovation, diversity, with over 46 years of operational excellence and employee skill development. |
Key challenges ahead Managing cyclical industry demand, raw material cost fluctuations, and sustaining competitive advantage with technological upgrades. |
Interesting facts Second largest commercial vehicle crankshaft producer in India with one of Asia's largest forging facilities and 46 years of expertise. |
Risks and strategy Focus on diversified customer base, technological investment, risk management policies, and ESG integration to mitigate market and operational risks. |
