homebusiness Newscompanies NewsCNBC TV18 exclusive | Bharat Forge confident of hitting ₹20,000 crore revenue in the next two years
CNBC-TV18 exclusive | Bharat Forge confident of hitting ₹20,000 crore revenue in the next two years
Amit Kalyani, Deputy Managing Director of Bharat Forge believes that scaling globally will become a very large growth driver and he mentions three sectors which will help the company do so.
Bharat Forge Chairman and Managing Director Baba Kalyani told CNBC-TV18 that the forging company is on track to achieve a revenue milestone of ₹20,000 crore in the next two years. It took Bharat Forge 45 years to reach a revenue of ₹10,000 crore, and now, according to Kalyani, it could double in a fraction of the time.
As a company that is now present in defence and aerospace and hopes to consolidate its position in mobility as well, Amit Kalyani, Deputy Managing Director of Bharat Forge, believes that scaling globally will become a very large growth driver, and he mentions three sectors that will help the company do so.
Amit Kalyani identified the defence business as the primary pivot for the future, citing its current global expansion and the anticipation of further growth. The company's proprietary technology gives it a unique edge in deploying solutions globally.
"The industrial business, which will be driven both by outsourcing from abroad as well as the infrastructure demand and growth in India, will be the second one to pivot," he added.
The third one is the aerospace sector for Amit Kalyani, which has grown at a rate of close to 100% over the last few years. Kalyani added that it is expected to cross the ₹1,000 crore mark in business in the next three to four years.
Amit Kalyani also spoke about Bharat Forge's significant play in the e-mobility sector, covering a wide range from low-voltage to high-voltage commercial vehicles. He acknowledged the challenges in the e-mobility space, pointing out the dependence on China.
"I think e-mobility has seen a huge gold rush, but you are also seeing a lot of pullback because people realise that in e-mobility today, the whole world is largely dependent on China for certain key technologies. As and when alternatives get developed, either locationally or technologically, you will see a further acceleration of this process," he said.
Also Read: Baba Kalyani says defence vertical may dwarf core biz someday. Will Bharat Forge list the unit?
(Edited by : Ajay Vaishnav, Vivek Dubey)
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