Pune, India: Bharat Forge Limited has announced plans to invest €39 million (approximately ₹345 crore) into its wholly owned German subsidiary, Bharat Forge Global Holding GmbH (BFGH). The investment, approved by the company’s Investment Committee on December 24, 2024, aims to enhance the subsidiary’s financial health by addressing outstanding borrowings and ensuring greater stability for its European operations.
Strengthening Global Presence
Established in 2003, BFGH serves as Bharat Forge’s holding entity for investments across Germany, Sweden, and France. The subsidiary achieved a turnover of €5.11 million (around ₹45 crore) for the fiscal year ending December 2023. This funding aligns with Bharat Forge’s objectives outlined in its Qualified Institutional Placement (QIP) document, which focuses on reinforcing its global operations and market competitiveness.
Commitment to Growth and Innovation
Bharat Forge’s decision to inject capital into BFGH underscores its dedication to expanding its footprint in international markets. The company is a leader in diverse sectors, including automotive, energy, construction, aerospace, and defense, showcasing its capability to deliver high-performance, safety-critical solutions globally.
This strategic move is also a testament to Bharat Forge’s commitment to innovation and sustainability in its business practices. The company aims to leverage this investment to bolster its European projects while maintaining its competitive edge in global markets.
Key Details of the Investment
- Investment Amount: €39 million (₹345 crore)
- Purpose: To clear outstanding borrowings and strengthen financial stability.
- Expected Completion: December 31, 2024
- Subsidiary Turnover (FY23): €5.11 million (₹45 crore)
About Bharat Forge Limited
Bharat Forge Limited (BFL), headquartered in Pune, India, is a technology-driven multinational company and a global leader in high-performance, safety-critical components and solutions. BFL operates across various industries, including automotive, power, oil and gas, construction and mining, rail, marine, defense, and aerospace.
With 18 manufacturing locations spanning five countries, Bharat Forge offers end-to-end solutions, encompassing concept-to-product design, engineering, manufacturing, testing, and validation. The company’s innovative approach and strategic investments continue to strengthen its position as a leader in global markets.
