Analysis of a Global Company - BHARAT FORGE
GLOBAL PERSPECTIVE ____________________________________ 3
BACKGROUND______________________________________________ 3
MILESTONES _______________________________________________ 4
GLOBAL PRESENCE ________________________________________ 5
ACQUISITION STRATEGY: INORGANIC GROWTH______ 5
Acquisitions ________________________________________________________ 5
DE-RISKING: A BUSINESS STRATEGY___________________ 7
Diversification _____________________________________________________ 7
FINANCIALS _______________________________________________ 8
OUTLOOK___________________________________________________ 9
Positives ___________________________________________________________ 9
Negatives __________________________________________________________ 9
CONCLUSION._____________________________________________ 10
SOURCES __________________________________________________ 11
3
Global Perspective
It's a surprising fact: The world's largest factory for forgings - parts for
engines, axels and the like - sits not in Detroit, Tokyo or Stuttgart, but in the
industrial city of Pune.
The factory, equipped with gleaming robots and networked with plants
overseas for technical support, belongs to Bharat Forge, foremost among a
group of auto parts companies that are rapidly putting India on the world
map for manufacturing.
Bharat Forge has embraced a strategy that includes heavy investment in
technology, a scientifically skilled workforce, and aggressive overseas
acquisitions.
With revenue exceeding $1 Billion, Bharat Forge's success offers a roadmap
to other ambitious Indian manufacturing firms. It's a classic example of a
company with an ...