Company Directory - Bharat Forge Limited
Company Details - Bharat Forge Limited
Bharat Forge Limited
WebsitePune, India
Bharat Forge Limited is an Indian multinational that specializes in the design and manufacture of forged components and engineering solutions across automotive, aerospace, defense and industrial sectors. It is also part of Tesla's sourcing network for components, underlining its role in global supply chains.
CCI Score
CCI Score: Bharat Forge Limited
-13.65
0.01%
Latest Event
Bharat Forge Signs Major Defence Contract
Bharat Forge signed a Rs 6,900 crore contract with India’s Ministry of Defence for the procurement of Advanced Towed Artillery Gun Systems, a deal that underscores its deepening involvement in the defence sector. This contract, announced amid significant share price movements, highlights the company's role in bolstering the state’s military capabilities.
Take Action
So what can you do? It's time to make tough choices. Where will you cast your vote?
- Shop Alternatives
SEE ALL - Use Your Voice
OTHER TOOLS - Investigate
- Share the Score
SUPPORT CCI
ENABLER
Bharat Forge Limited is currently rated as an Enabler.
Latest Events
- MAR272025
Bharat Forge signed a Rs 6,900 crore contract with India’s Ministry of Defence for the procurement of Advanced Towed Artillery Gun Systems, a deal that underscores its deepening involvement in the defence sector. This contract, announced amid significant share price movements, highlights the company's role in bolstering the state’s military capabilities.
-40
Economic Collaboration
March 29
The sizeable defence contract with the Ministry of Defence significantly reinforces the military-industrial complex and economic collaboration with state apparatus. From an anti-fascist perspective, such alignment with state power can empower authoritarian practices by centralizing and legitimizing arms production and procurement. This event thus raises concerns regarding corporate complicity in reinforcing coercive state mechanisms.
Why is Bharat Forge falling today? 4 things that investors need to know now
- MAR272025
Bharat Forge Limited secured a major defence procurement contract worth Rs 6,900 crore from India's Ministry of Defence for advanced artillery systems and high-mobility gun towing vehicles, reinforcing its role in the defence sector.
-40
Economic Collaboration
March 29
The awarding of a large-scale defence contract to Bharat Forge for advanced artillery systems contributes to the expansion of military capabilities. From an anti‐fascist perspective, such involvement in arms production is concerning as it reinforces the militarization of state power and could be leveraged to support authoritarian agendas.
Bharat Forge shares in focus on Rs 6,900-cr defence procurement contract
- MAR262025
Bharat Forge Limited was awarded a major defence contract by India’s Ministry of Defence on March 26, 2025, for the procurement of advanced 155mm/52 Calibre Artillery Gun Systems. The contract, valued at approximately Rs 6,900 crore, is part of broader efforts to modernize the Indian Army’s artillery capabilities under initiatives like Aatmanirbhar Bharat and Make-in-India.
-30
Economic Collaboration
March 29
The award of a large-scale defence contract reinforces Bharat Forge Limited's position within the military‐industrial complex. From an anti‑fascist perspective, deepening ties with state defence procurement can contribute to enhanced militarization and centralization of state power, which in turn can support authoritarian practices. This event is thus evaluated negatively for its potential to bolster state capacity for coercion.
- MAR212025
The Competition Commission of India has opened a public consultation on the proposed merger between Bharat Forge Limited and AAM India Manufacturing Corporation Private Limited, citing concerns that the deal could create a dominant market player in the commercial vehicle axle sector and adversely affect competition.
-40
Economic and Structural Influence
March 29
The planned merger has prompted regulatory scrutiny by the Competition Commission of India due to fears that merging two significant players in the axle sector could lead to market consolidation and reduced competition. Such concentration of economic power raises concerns over the ability of dominant firms to exert undue influence—a situation that could foster authoritarian practices within the market. Therefore, a negative score is applied under Economic and Structural Influence.
Bharat Forge-AAM India Merger Faces CCI Scrutiny Over Competition
- FEB182025
Bharat Forge has unveiled its first fully indigenous UAV engine at Aero India 2025, aiming to close a significant defence gap in India's aerospace capabilities.
-40
Provision of Repressive Technologies
March 29
Bharat Forge’s launch of a fully indigenous UAV engine signals advancement in military technology aimed at closing a critical defence gap. While self-reliance in defence manufacturing is promoted, such developments also enhance state military capabilities which can be deployed in repressive contexts. This raises concerns from an anti-authoritarian perspective about the potential use of advanced military technologies to suppress dissent and reinforce state power.
Bharat Forge takes a major step towards closing one of India's biggest defence gaps
- FEB112025
Kalyani Strategic Systems Limited, affiliated with Bharat Forge, has partnered with U.S.-based L3Harris Technologies to develop advanced tactical communication solutions. The collaboration, under the U.S.-India Defence Industrial Cooperation framework, aims to enhance India's defense capabilities and promote national self‐reliance in military technology.
-15
Provision of Repressive Technologies
March 29
The development of next-gen tactical communication technology, while aimed at boosting national security, raises concerns from an anti-fascist perspective. Enhanced military communication capabilities can be leveraged to bolster state power and potentially enable repressive actions. This technology, involved in defense collaborations, might contribute indirectly to authoritarian practices despite its stated goal of self-reliance.
- OCT012023
Bharat Forge Limited has signed a major contract with India's Ministry of Defence to supply 184 indigenously developed Advanced Towed Artillery Gun Systems (ATAGS) valued at approximately ₹4,140 Crore, reinforcing its role in the defense sector and contributing to state militarization.
-55
Public and Political Behavior
March 29
By entering into a high-value defense contract with the Ministry of Defence, Bharat Forge enhances state military capabilities. This association contributes to the strengthening of state power, which from an anti-fascist perspective raises concerns about the support of potential authoritarian practices through enhanced militarization.
From Banking Boost to Bharat Forge's Big Win - India Inc. Makes Bold Moves
-30
Economic and Structural Influence
March 29
The substantial defense contract bolsters Bharat Forge's economic clout and further integrates it into the state’s militaristic infrastructure. This alignment enhances the company’s influence in sectors that can underpin repressive state mechanisms.
From Banking Boost to Bharat Forge's Big Win - India Inc. Makes Bold Moves
- JUN012023
Bharat Forge Limited published its Conflict Minerals Policy on June 1, 2023, underlining its commitment to ethical sourcing by avoiding the procurement and use of minerals from conflict regions such as the DRC. The policy mandates due diligence across the supply chain to ensure that the materials used in its products are not funding human rights abuses.
+90
Supply Chain Ethics
March 29
The Conflict Minerals Policy clearly demonstrates Bharat Forge's commitment to responsible procurement and transparency in its supply chain. By explicitly refusing to source minerals from regions plagued by violence and human rights abuses, the company actively mitigates complicity in unethical practices. This positive measure reinforces ethical business practices and supply chain integrity, meriting a strong positive score.
- JAN012023
Bharat Forge Limited entered into a partnership with General Atomics Aeronautical Systems in January 2023 to manufacture key components for remotely piloted aircraft and develop a lithium-ion battery system for the Indian Navy. The collaboration aims to boost domestic aerospace capabilities but also contributes to the production of military drone technology with potential repressive applications.
-70
Provision of Repressive Technologies
March 29
The agreement to manufacture main landing gear components, subassemblies, and assemblies for remotely piloted aircraft—potentially including components for SeaGuardian drones—places Bharat Forge in the production chain of repressive military technologies. This association with the arms industry, particularly with a U.S.-based drone manufacturer, raises concerns from an anti-fascist perspective, as such tech can be used in surveillance and precision strikes.
Bharat Forge, General Atomics Agree To Make Aero Components, Assemblies For Drones: Report
- MAR072022
Bharat Forge Limited issued an updated Supplier Code of Conduct document outlining expectations for ethical supplier behavior. The document details requirements on compliance with anti-corruption laws, labor rights, non-discrimination, sustainability, and overall business ethics. This policy reinforces the company’s commitment to responsible supply chain management and social responsibility.
+40
Business Practices and Ethical Responsibility
March 29
The updated Supplier Code of Conduct sets forth comprehensive guidelines covering ethical business practices, labor rights, anti-corruption measures, and sustainable supply chain standards. This initiative highlights a proactive commitment to ethical practices and a rejection of exploitative or authoritarian approaches, aligning with progressive, anti-fascist values.
- MAR012022
Bharat Forge Limited published a Human Rights Policy in March 2022 that establishes its commitment to international human rights standards including non-discrimination, fair labor practices, safe working conditions, and respect for union rights. The document outlines procedures for due diligence and grievance redressal, reflecting the company's positive approach to labor and human rights practices.
+70
Labor Relations and Human Rights Practices
March 29
The policy demonstrates a clear and robust commitment to upholding human rights and labor standards in line with international frameworks such as the ILO Declaration and the UN Global Compact. By detailing measures against discrimination, harassment, and labor exploitation, and protecting workers' rights to unionize, the document contributes positively to ethical business practices and serves to counter authoritarian business trends.
- DEC312021
According to OpenSecrets data, Bharat Forge Limited spent $16,000 on lobbying activities during 2021. This expenditure highlights the firm’s engagement in political influence efforts, which may contribute to corporate power dynamics impacting democratic processes and worker rights.
-30
Political Contributions and Lobbying Efforts
March 29
Bharat Forge's reported $16,000 spending on lobbying in 2021 is indicative of its active engagement in efforts to influence public policy. From an anti-fascist perspective, such corporate political influence can undermine democratic accountability and worker rights by aligning policymaking with corporate interests.
Alternatives
India
57.84
India
23.67
India
-10.00
Racine, United States
-13.25
Rueil-Malmaison, France
-15.65
Moline, United States
-40.73
Olean, United States
-40.76
Wichita, United States
-44.89
Corporation
56.41
Corporation
0.00
Industries
- 332117
- Powder Metallurgy Part Manufacturing
- 332999
- All Other Miscellaneous Fabricated Metal Product Manufacturing
- 336370
- Motor Vehicle Metal Stamping
- 331111
- Iron and Steel Mills