INTRODUCTION

Piaggio & C. SpA (Piaggio [ˈpjaddʒo]) is an Italian motor vehicle manufacturer, which via
its subsidiaries designs, engineers, manufactures and distributes two wheeled motor
vehicles and compact commercial vehicles under seven brands: Piaggio, Vespa, Gilera,
Aprilia, Moto Guzzi, Derbi, and Scarabeo. Piaggio & C. SpA corporate headquarters are
located in Pontedera, Italy. Piaggio's various subsidiaries employ a total of 7,053 employees
who produced a total of 519,700 vehicles in 2014. Piaggio operates six research and
development centers and operates in over 50 countries.

The "cultural project" promoted by Piaggio is aimed for the reconstruction and
enhancement of the company's heritage and is composed by three initiatives:

- Piaggio Foundation,
- Historical Archives
- and the Piaggio Museum.

In 2003 the Museum and Archives have been recognized as Best Corporate Museum and
Archives for the Italian prize "Premio Impresa e Cultura".

Under the patronage of the Italian Ministry of Culture, in 2016 Piaggio received by pptArt
the "Corporate Art Award" for its Corporate Museum.

The new plug-in hybrid version of the Piaggio MP3 will be equipped with a 125 cc petrol
engine and electric motor, which offers about 141 mpg-US (1.67 L/100 km; 169 mpg-imp) and
travels 13 miles (21 km) using battery power alone. This machine could be out in 2009.

Piaggio/Vespa are also developing hybrid electric scooters. There are two models in the
works, based on the popular Vespa LX 50 and the beefier Piaggio X8 125.
 HISTORY

In 1882, Enrico Piaggio completed the purchase of land in Sestri Ponente (Genoa) to set up
a timber yard. Two years later, in 1884, the company was founded by Rinaldo Piaggio.
Piaggio initially produced locomotives and railway carriages.

During 1917, in the wake of the World War, Rinaldo converted the company to the
aeronautical and military sector. Piaggio engages in the production of MAS anti-submarine
motorboats and especially of aeroplanes and seaplanes, initially built under Ansaldo,
Macchi, Caproni and Dornier license, and later on Piaggio drawings.

In the 1937 the level reached by Piaggio production is demonstrated by the 21 world
records acquired between 1937 and 1939 by the aircraft and engines built in the new
factory in Pontedera, where since the early twenties Piaggio concentrates its civil and
military aviation manufacturing, culminating in the highly advanced four-engine P 108, a
strategic four-engine bomber.

Rinaldo Piaggio died in 1938, and management of the company – which had become a
company with many shareholders in the family, in addition to the entrepreneur Attilio
Odero – passed to his sons Enrico and Armando.

In 1940 Piaggio manufactured trains, nautical fittings, aircraft engines and aeroplanes,
trucks, trams, buses, funiculars and aluminium windows, but Piaggio emerged from the
conflict with its Pontedera plant completely demolished by Allied bombing and production
activities were relocated to the Biella area. Italy's crippled economy and the disastrous
state of the roads did not assist in the redevelopment of the automobile markets. Enrico
Piaggio decided to leave the aeronautical field to address Italy's urgent need for a modern
and affordable mode of transportation. The idea was to design an inexpensive vehicle for
the masses. Starting from Biella, based on a small motorcycle made for parachutists, the
prototype, known as the MP5, was nicknamed "Paperino" (the Italian name for Donald
Duck) because of its strange shape: but Enrico Piaggio did not like it, and he asked
Corradino D’Ascanio to redesign it. Aeronautical engineer Corradino D'Ascanio –
responsible for the design and construction of the first modern helicopter by Agusta – was
asked therefore by Enrico Piaggio to create a simple, robust and affordable vehicle. The
aeronautical designer didn't like motorcycles. He found them uncomfortable and bulky,
with wheels that were difficult to change after a puncture. Corradino D'Ascanio's drawings
had nothing to do with the Paperino: his design was absolutely original and revolutionary
compared to all the other existing means of two-wheeled transport. With the help of Mario
D'Este, his trusted designer, it would only take Corradino D'Ascanio a few days to fine
tune his idea and prepare the first Vespa project, manufactured in Pontedera in April
1946. The vehicle had to be easy to drive for both men and women, be able to carry a
passenger, and not get its driver's clothes dirty. Piaggio launched the Vespa scooter (Italian
for "wasp") and within ten years more than a million units had been produced. The Italian
language gained a new word, "vespare", meaning to go somewhere on a Vespa.
 PROFILE

Roberto Colaninno is Chairman and Chief Executive Officer of the Piaggio Group, Matteo
Colaninno is Deputy Chairman.

Piaggio (PIA.MI) has been listed on the Italian stock exchange since 2006. Established in
1884 by Rinaldo Piaggio, since 2003 the Piaggio Group has been controlled by Immsi S.p.A.
(IMS.MI), an industrial holding listed on the Italian stock exchange and headed by Roberto
Colaninno, who is Chairman. Immsi’s Chief Executive Officer and Chief Operating Officer
is Michele Colaninno.

The product ranges: motorcycles and scooters from 50 to 1400 cc, commercial vehicles

The Piaggio Group product range includes scooters, motorcycles and mopeds from 50 to
1,400 cc marketed under the Piaggio, Vespa, Aprilia, Moto Guzzi, Gilera, Derbi and
Scarabeo brands.

The Group also operates in the light transport sector with its Ape, Porter and Quargo
(Ape Truck) ranges of three- and four-wheel commercial vehicles.

The Piaggio Group brand portfolio contains some of the most distinguished and historic
names in the motorcycling world: these include Gilera (founded in 1909), Moto Guzzi
(founded in 1921), Derbi (1922) and Aprilia, which in just over twenty years has
established itself as one of the most successful manufacturers in the world Speed and
Superbike championships.

In scooters, the extraordinary Vespa brand has been a synonym for two-wheel individual
mobility since 1946 when it made its debut; with more than 18 million vehicles produced
since then, the Vespa is an incredibly long-lived market success as well as one of the best
known icons of Italian style and technology in the world.
 MISSION

The mission of the Piaggio Group is to generate value for its shareholders, clients and
employees by acting as a global player that creates superior quality products, services and
solutions for urban and extraurban mobility that respond to evolving needs and lifestyles.

To stand out as a player that contributes to the social and economic growth of the
communities in which it operates, considering, in its activities, the need to protect the
environment and the collective wellbeing of the community.

To be an Italian global player in the light mobility segment, standing out for its superior
design, creativity and tradition. To become a leading European Company with a world
class reputation, championing a business model based on the values of quality and
tradition, and on the ongoing creation of value.

VALUES

 Managing and developing a fast, flexible organisation, in which all processes,

persons and external partners (suppliers and dealers) are focused on the
generation of value perceivable by the client.
 Achieving objectives for returns on capital investment to meet the
expectations of shareholders and ensure ongoing growth.
 Nurturing the capabilities and talents of each individual, attracting and
retaining the highest value resources.
 Investing in brand strength as leverage for developing market share and
building a unique and distinctive market positioning.
 Developing innovative products that stand out for their unique style, quality,
safety, energy efficiency and low environmental impact.
 Becoming a truly multinational business in terms of organisation, culture,
global market presence and respect for local culture in each of the countries
in which the group operates, and in exemplary the way its international
human resources are handled.
 BOARD OF DIRECTORS
The Board has a central role in connection with corporate organisation and is responsible
for the functions and strategic guidelines, as well as the verification of the existence of the
necessary controls to monitor the performance of the Issuer and Group companies of
which it is the Parent Company. The Board has all powers for the management of the
company and for this purpose can approve or execute all actions considered necessary or
useful for the implementation of the objects of the company with the exception of those
reserved by law and by the Articles of Association for the Shareholders' Meeting.

1. Chairman and Chief Executive Officer

The Chairman and Chief Executive Officer was granted all powers of ordinary and
extraordinary administration, with the exclusion of powers reserved to the formal
authority of the Administrative Body

2. Deputy Chairman

The Deputy Chairman substitutes for the Chairman.

3. Appointment Proposal Committee

The Appointment Proposals Committee has the duty of ensuring that the presentation
procedure for lists set by the Articles of Association takes place correctly and transparently
and arranges the necessary formalities for the presentation of these lists to the
Shareholders in Meeting convened for the appointment of the Board of Directors or
members thereof.

4. Remuneration Committee

The Remuneration Committee has the duty: (i) to make proposals to the Board regarding
the remuneration of the Chief Executive Officer and other directors who hold special
positions, monitoring the application of the decisions made; and (ii) to make general
recommendations to the Board regarding the remuneration of executives having strategic
responsibilities in the Piaggio Group and occasionally checking the criteria adopted for the
remuneration of these executives. Moreover, duties relating to the management of stock
option plans that may have been approved by relevant Company bodies have been given to
the Remuneration Committee.
 5. Internal Control and risk management Committee

The Internal Control and risk management Committee assists the Board in carrying out
activities inherent in the internal control and risk management system, specifically in
defining guidelines for the system and the activities involved in periodic inspections of the
system’s suitability, efficacy and effective functioning; examines the work plan of the
internal audit and the periodic interim reports sent by the latter; together with the
financial reporting manager and the auditors and the body of statutory auditors, assesses
the correct use of the accounting principles used and their consistency in the drafting of the
Consolidated Financial Statements; expresses opinions on specific issues relating to the
identification of the main risks for the Company; refers to the Board at least half-yearly, on
the approval of the interim financial statements and report, regarding the activities
performed by and the suitability of the internal control and risk management system;
monitors the independence, adequacy and efficiency of the internal audit functions;
performs additional tasks that the Board feels appropriate for the Committee.

6. Related Parties Transactions Committee

The Related Parties Transactions Committee is responsible for approving both minor and
major transactions with related parties and performs all the activities requested by the
applicable law provisions and by the procedure adopted by the Company concerning the
above mentioned transactions.

7. Supervisory Body

Pursuant to Legislative Decree 231/2001, inspects the effective implementation and

functioning of the Organisational Model and is provided with initiative and control duties.

8. Lead Independent Director

He represents a point of reference and co-ordinates the petitions of non-executive directors,

and particularly of independent directors.

9. Business Ethics Committee

The Business Ethics Committee has the purpose to develop rules and organisational
strategies for the Piaggio Group in line with international best practices of “Corporate
Social Responsibility” as well as to evaluates the ethical company standards.
 10.Financial Reporting Manager

The Financial Reporting Manager has the duty to draw up the relevant documents of the
Company and to guarantee the authenticity of the deeds and of the communication which
contain information and data concerning economic and financial situation of the Company.

11.Board of Statutory Auditors

The Board of Statutory Auditors monitors the correct management and the adequateness
of the company organization and the economic and financial structure adopted by the
directors as well as the relevant functioning.

DEVELOPMENT

In 1956 the millionth Vespa is produced, Italy sees its first mass motorised mobility. With
strong cash flow from the success of the Vespa, Piaggio developed other products, including
the 1957 Vespa 400, a tiny passenger car.

In 1959, Piaggio came under the control of the Agnelli family, the owners of car maker Fiat
SpA.

In 1960 Vespa reaches 4 million units produced and sold worldwide.

In 1964 the two divisions, aeronautical and motorcycle, split to become two independent
companies as a result of the wide ownership by Fiat in Italian industry.[clarification needed] The
aeronautical division was named IAM Rinaldo Piaggio. The aircraft company Piaggio Aero
is controlled by the family of Piero Ferrari, who still hold 10% of Ferrari.

In 1969 Piaggio purchased the motorcycle company Gilera, one of the oldest European
motorcycle manufacturers (founded in 1909), famous for its sporting achievements and
world titles in the Motorcycle World Championship. In 1971 Ape gets a steering wheel and
becomes Ape Car, and in 1975 the company made the first prototype of an electric Ape. In
1988 Vespa reaches 10 million units produced.
 NEW OWNERSHIP

Vespa thrived, until 1992, when Gianni Agnelli became CEO, but Agnelli was already
suffering from cancer and died in 1997. In 1999 Morgan Grenfell Private Equity acquired
Piaggio, but hopes for a quick sale were dashed by a failed joint venture in China.[clarification
needed] In Italy, Piaggio invested 15 million euros ($19.4 million) in a new motorcycle but

dropped it after building a prototype. By the end of 2002, the company had run up
577 million Euros in debt on revenues of 945 million Euros, and booked a loss of
129 million Euros.

Then came Roberto Colaninno, who said, "A lot of people told me I was crazy. Piaggio
wasn't dying. It just needed to be treated better" Piaggio's financial position was in a bad
shape, but its brand was still well known and its products were featured in many
Hollywood films thanks to the Vespa ET4. In 1995, Colaninno had pulled off Europe's then
largest-ever hostile takeover when he took control of Telecom Italia SpA. In 1996, on the
fiftieth anniversary of the first model, Vespa reaches 15 million units produced and the new
Vespa ET arrives. The first completely new Vespa for 18 years with a 4-stroke engine.

In 1999 in Baramati, Piaggio plant for the production of the three-wheeler Apé is built in
India for the domestic market, while in 2000 the inauguration in Los Angeles of the first
Vespa Boutique marks the return of Piaggio and Vespa to the United States. Also this year,
in Pontedera the Piaggio Historical Museum is inaugurated together with the creation of
the Piaggio Historical Archive, one of the most comprehensive company archives on the
industrial history of Italy. In 2001 Piaggio Group incorporates Derbi-Nacional Motor SA,
historical Spanish brand founded in 1922, having won 18 world titles and continental
leader in the small displacement motorbike segment. In the same year Gilera returns to the
Motorcycle World Championship and immediately wins an extraordinary world title in the
125 category with Manuel Poggiali. In September 2003, Piaggio's debt was reduced by the
100 million Euro cash investment made by Colaninno through his holding company Immsi
SpA. There was also 150 million shares converted by creditor banks. Roberto Colaninno
becomes the new chairman of Piaggio with Dr. Rocco Sabelli becoming the managing
director. Dr. Rocco Sabelli redesigned the factory on Japanese principles, and changed it so
that every Piaggio scooter could be made on any assembly line. Unlike the turnaround
recipe applied at U.S. auto makers, Mr. Colaninno did not fire a single worker – a move
which helped seduce the company's skeptical unions. "Everyone in a company is part of the
value chain," said Colaninno. All bonuses for blue-collar workers and management were
based on the same criteria: profit margins and customer satisfaction. Air conditioning was
installed in the factory for the first time, increasing productivity. He also gave the
company's engineers, who had been idled by the company's financial crisis, deadlines for
projects. They rolled out two world firsts in 2004: a gas-electric hybrid scooter and a
sophisticated tilting scooter with two wheels in front and one in back to grip the road
better. One of Piaggio's problems Mr. Colaninno couldn't fix from the inside was its scale.
Even though Piaggio was the European market leader, it was dwarfed by rivals Honda and
Yamaha. A year after restoring Piaggio's health, Colaninno directed Piaggio's takeover of
the Italian scooter and motorcycle manufacturer Aprilia, and with it the Aprilia-owned
Moto Guzzi, storied Italian manufacturer of motorcycles. In 2004, at the end of December,
the final contract for the acquisition of the Aprilia-Moto Guzzi Group is signed. The most
important European two-wheeler group is born In 2006, Piaggio floated on the Milan Stock
Exchange, becoming a public company. In 2007 Piaggio Group officially arrives in
Vietnam. The Vinh Puch plant includes R&D, welding and painting activities, as well as
final assembly of the scooters, with warehouse, testing, quality control and office areas. In
2009 the Piaggio Mp3 Hybrid makes its debut on the market which was first hybrid scooter
in the world, integrating the conventional low-environmental-impact internal combustion
engine with a zero-emission electric motor and combining the advantages of the two power
trains In Baramati (State of Maharashtra), in 2012, the Piaggio Group's new plant for the
production of Vespa's for the local market is inaugurated.In 2013 the PADC – Piaggio
Advanced Design Center opens in Pasadena (California, United States). The Vespa 946
arrives also this year. In November, Piaggio launches the new Vespa Primavera, the latest
evolution of the "small body" family. In 2013 the number of Vespa's sold worldwide
reaches almost 190,000 units. In 2004 the figure stood at 58,000. In ten years of continuous
progression over 1.3 million new Vespas have reached the streets of the world. Since 1946
over 18 million Vespas have been produced and sold.

CULTURAL PROJECT PIAGGIO

The "cultural project" promoted by Piaggio is aimed for the reconstruction and
enhancement of the company's heritage and is composed by three initiatives: Piaggio
Foundation, Historical Archives and the Piaggio Museum. In 2003 the Museum and
Archives have been recognized as Best Corporate Museum and Archives for the Italian
prize "Premio Impresa e Cultura". Under the patronage of the Italian Ministry of Culture,
in 2016 Piaggio received by pptArt the "Corporate Art Award" for its Corporate Museum.

The Corporate Social Responsibility (CSR)

The Corporate Social Responsibility (CSR) model adopted by Piaggio is based on its
mission and the values which have made a name for the Company over the years and
which are the cornerstone of the Group’s Code of Ethics, established in 2004.

The Corporate Social Responsibility (CSR) model adopted by Piaggio is based on its
mission and the values which have made a name for the Company over the years and
which are the cornerstone of the Group's Code of Ethics, established in 2004.

The mission and values form the basis for strategic sustainability objectives, based on
contexts that are important for the Group: economic sustainability, product sustainability,
environmental sustainability and social sustainability. With these and the strategic
objectives it has defined, the Group has prepared a mid/long-term sustainability plan. This
plan is reported on in the Corporate Social Responsibility Report with the utmost
transparency and with a view to continually improving economic, environmental, social
and product performance.
The whole process is coordinated by a committee specifically set up in 2008: the Business
Ethics Committee.

Piaggio's Corporate Social Responsibility Model

 Sustainability Strategy

 Economic :- Timely, correct, in-depth information to stakeholders.Creating value

while respecting business ethics.

 Product :-Technological investments to meet the need for sustainable mobility.

Innovation to develop products that are environmentally friendly, safe and cost-
effective.

 Environmental :-Reduction of energy consumption.

Reducing emissions of CO2 and other pollutants.
Conserving natural resources.
Waste handling and recovery.

 Social :-Developing, training and promoting human resources so that everyone's

expectations and aspirations are met.
Listening to and assisting customers, to establish relations based on transparency
and trust.
Developing Company Advocacy in co-partnership with the Dealers network.
Sale of products that are environmentally friendly, reliable, safe and cost-effective.
Working together with suppliers, through jointly developed projects.
Respecting human rights.
Fighting against corruption.
Engaging and supporting local communities through social, cultural and
educational initiatives..

Human Resources Strategy

 Recruitment and internal mobility

We seek to attract and retain people with the best skills for our business. We also
encourage internal mobility to make the most of competencies available, speed up
professional development and favour intercultural exchange.

Performance management & development.Importance is placed on using transparent

criteria and methods used for evaluating employees. Such reviews focus on:

 performance
 managerial and professional competencies
 potential
linked to role covered, company needs and possible development paths.

We promote our employees’ development and maintain a pool of resources ready to cover
key managerial and professional positions.

 Training

We promote competency development core to our business by providing training

opportunities for all roles, seniorities, job families, and employees keen to improve their
skills within the context of evolving business and corporate culture.

 Rewards

We reward people’s contribution on the basis of competitive, fair and merit-based criteria
which aim at motivating and retaining our best performers.

 Diversity and equal opportunities

Piaggio rejects any form of discrimination and operates in strict compliance with law and
contractual requirement, and in keeping with the customs, practices and usages of each
country where the company operates.

Piaggio operates globally with a diversity of employees, in terms of age and gender, in Asia,
the Americas and Europe. To Piaggio, managing diversity means acknowledging and
respecting difference as part of our shared company culture where all employees can
benefit from equal opportunities.

For these reasons, human resources management is conducted applying the same principles
of merit, fairness and transparency in all the countries in which the Group operates.

 Code of Ethics

In its relations with staff, regardless of the work they carry out Piaggio respects the
principles set forth by the Group’s Code of Ethics in all circumstances, as well as the laws
in force in the countries where it operates.

Piaggio does not resort to child labour according to the age limits in force in the various
countries or to forced labour and adheres to main international laws, such as the UN
Convention on the Rights of the Child (UNCRC) and the 1998 Human Rights Act.
 Training & Development

 Training

Our training catalogue shapes our annual offer for different company’s targets

 Innovation and organisational change for young hires and professionals

 Tools to manage processes and resources for managers
 Finance and people management for senior managers
 Ad-hoc training for talents

Piaggio also values know-how sharing by arranging training events facilitated by internal
trainers.

 Performance management & development

All Piaggio Group white collars, middle managers, and executives are evaluated yearly on
the basis of their performance, technical and managerial competencies with the same
global approach worldwide.

This process is the foundation for development actions such as training on areas to
improve, job rotation, international projects, and access to talent programme.

The objective is to continuously develop competencies while rewarding outstanding

performance.

We envisage attractive career paths and rewards for our top performers and hi-pos.

Talent Management

Participants come from all over the world and develop display global mindset & mobility,
ability to lead in a multicultural environment, and courage to take new paths.

The programme lasts up to three years and is highly selective.

Talents may benefit from accelerated development tools such as:

 job rotation
 international projects
 events involving top management
 coaching
 customized training.
 BRANDS

TWO WHEELERS
Aprilia
Moto Guzzi
Vespa

COMMERCIAL
VEHICALS

APE

TWO WHEELERS

 Aprilia

In recent years Aprilia has completely revamped its product range, becoming the
technological signpost of the Piaggio Group in the motorcycle segment.
 Moto Guzzi

On 15 March 1921, the company "Società Anonima Moto Guzzi" was constituted
in the offices of the notary Paolo Cassanello in Corso Aurelio Saffi, Genoa, for "the
fabrication and sale of motorcycles, and all other activities pertinent or correlated
to the metalworking and mechanical engineering industries". The partners in the
Company were the renowned Genovese ship owner Emanuele Vittorio Parodi, his
son Giorgio and his friend Carlo Guzzi. Guzzi was a former comrade of Parodi’s in
the Italian Air Corps, as was another friend Giovanni Ravelli, an aviator – like
Parodi – who died, however, on 11 August 1919 during a test flight. It was in
memory of this friend that the spread-winged eagle motif in the Moto Guzzi badge
was chosen.

 Vespa

Vespa is the expression of a unique and distinctive lifestyle. The timeless success of
Vespa is tied to its extraordinary historic and iconographic wealth.Vespa is the icon
for mobility on two wheels in the world.The brand comes with a huge equity and a
set of deeply-felt values that are linked to the Italian spirit, “joie de vivre” and an
appreciation of beauty.On the strength of its heritage, Vespa can boast vintage and
modern credentials at the same time, an unparalleled level success worldwide and
an extraordinary brand image.In Europe as much as in Asia, via the Americas,
Vespa is a byword for exclusive scooter “Made in Italy”.
 Commercial Vehicles

 Ape

Ape is a brand which, with more than sixty years of history and success, is
recognised in numerous areas of Europe and of the world with the most compact,
manoeuvrable and versatile light urban transport, such as to make Piaggio the
absolute market leader in India in this specific product market segment.
 INTRODUCTION

Vinod Goenka is an Indian real-estate developer. He is the Chairman and Managing

Director of DB Realty Ltd,a large real estate development companies in Mumbai, India.

His net worth is estimated at US$1.18 billion by Forbes magazine as of 2010.

He started off by joining his father’s interior design and furniture company in Mumbai
and helped expand it to form the Dynamix Group.

Later, he partnered with the Balwa family to form DB Realty Ltd and build Le Royal
Meridien Hotel Mumbai, near Mumbai’s International Airport.

Schreiber Dynamix currently has three manufacturing facilities in Baramati in

Maharashtra, Fazilka in Punjab and Kuppam in Andhra Pradesh and deals with 1.6
million litres of milk on a daily basis.

It had recently set up a Rs 250 crore speciality ingredients plant for infant nutrition
products in Baramati to monetise the growing demand for infant food in the country.

India is the 9th largest market for dairy products and the largest for milk in terms of
volume, globally.
According to Euromonitor, India’s dairy market that includes milk and milk products like
yoghurt, sour milk, cheese, coffee whiteners, condensed milk, cream etc stands at Rs 990.90
billion as of 2016 and is expected to reach Rs1,118.50 billion by 2017.

However, Ray believes Indian dairy industry needs to focus on increasing the efficiency and
quality of milk production in India. "Our quality is a huge issue.

Anything that is white is considered as milk. Our cows have the productivity of 10-15 litres
of milk every day but they produce only 3-4 litres because they don't get quality feed," he
said.

Schreiber Dynamix makes value added product including cheese, yoghurts, juices, powders
for leading food and beverages players like Abbott, Britannia, Coca Cola, Danone,
Domino’s, McDonald’s and Mother Dairy.
 HISTORY

Schreiber Foods was founded in 1945 when L.D. Schreiber, in partnership with Merlin G.
Bush and Daniel D. Nusbaum, started the L.D. Schreiber Cheese Company with its original
plant in Green Bay, Wisconsin. In 1950, Schreiber Foods opened a second cheese plant in
Carthage, Missouri. Schreiber added two more plants in the 1970s in Logan, Utah, and
Monett, Missouri. In 2000, Schreiber purchased the Beatrice Foods plant in Waukesha,
Wisconsin. It closed that plant employing 170 in 2002. Schreiber purchased Pinnacle
Cheese in Pittsburgh, Pennsylvania, in 2000. It closed the plant employing 100 in 2003.
Schreiber purchased Raskas Foods in St. Louis, Missouri, in 2002. It closed the St Louis
plant employing 220 in 2005, while maintaining plants in Texas and Pennsylvania.

By the end of 2000, six more were added to include additional operations in Missouri,
Arizona and Wisconsin. Since then, they've expanded to include domestic plants in
Pennsylvania, Texas, California and Utah, in addition to international operations in
Austria, Brazil, France, Germany, India, Mexico, Portugal, Spain, Bulgaria, Czech
Republic and Slovakia.

In 1962, Schreiber sold the cheese operation to 13 employees, including Bush and
Nusbaum. As the company began to expand into products other than cheese, the L.D.
Schreiber Company changed its name to Schreiber Foods Inc. in 1980. Then in 1999,
Schreiber created an Employee Stock Ownership Plan (ESOP), turning ownership of the
company over to all of its employees, or partners.

The visionary Chairman of Dynamix Dairies Ltd., Mr. K. M. Goenka, founded a company
on core principles of producing quality milk products from best quality cow milk, in line
with world class technology and infrastructure. In 2004, USA based internationally
renowned dairy giant, Schreiber Foods acquired 51% stake in Dynamix Dairies Ltd. to
form a leading dairy product company Schreiber Dynamix Dairies Ltd.

VISION

To achieve rural development by reaching out to every farmer in our area of operation,
uplifting their efforts and integrating the same with our world class production facility.
The goal is to produce the best quality products which can hold their own amongst the best
in any international and domestic market and bring the benefits of value addition to the
milk producers.
 Values

Secret of growth - Best quality, always. Quality stands for best-in-class products, utilizing
finest resources to deliver superior products.
Hygiene and health - World class production techniques are used to produce clean and
hygienic milk products as per food safety norms. From the first step of milk collection to
the process of final packaging and delivery to the end consumers, international standards
are implemented to produce healthy and nutritional products.

History of Company

DB Realty Ltd

In 2006, Vinod Goenka came together with Mr. Shahid Balwa from the Balwa Group, after
a 9 year long affiliation, in a Joint Venture to create the DB Realty Ltd (Dynamix Balwa
Realty). DB Realty Ltd has been listed on both the National Stock Exchange and the
Bombay Stock Exchange in 2010. DB Realty Ltd has developed over 25 projects in and
around Mumbai and Pune. The company’s notable projects include DB Crown, DB Orchid
Heights, DB Woods, Orchid Suburbia and DB Ozone.

DB Hospitality

Mr. Goenka and Mr. Balwa initiated a diversification of the group into the hospitality
sector under the DB Hospitality banner, constructing the Le Royal Meridien, Mumbai
(now known as The Hilton International Airport Hotel, Mumbai). Operational for over 15
years, the hotel was the first venture undertaken by Goenka and Balwa as partners before
the formation of DB Realty Ltd. DB Hospitality is also constructed the Hotel Grand Hyatt,
Goa at Bambolim. The hotel is located on the same hillside that is owned by the Dynamix
Group, Aldeia de Goa.

2G case

Goenka as DB's promoters also diversified into the telecom sector and were issued 2G
licences, for Rs 1,537 crore (Rs billion), to operate in 15 circles. Later, they sold a 45 per
cent stake in their telecom venture, Swan Telecom, to UAE-based Etisalat for nearly Rs
4,200 crore (Rs 42 billion).[7][8] Vinod Goenka was arrested on April 20, 2011 for his alleged
role in the 2G spectrum case and was granted bail on November 23, 2011 by the Supreme
Court.

In 2013, UAE telecoms operator Etisalat sued its Indian joint venture partners Vinod
Goenka and Shahid Balwa for fraud after the Indian Supreme Court cancelled Goenka's
2G licenses as a part of the 2G spectrum case.
 Awards and Certificates

Schreiber Dynamix Dairies Ltd. has been certified by all relevant authorities
for latest Certificates & Standards available in the category.
Milestones

 1996 - Dairy Plant Commissioned

 1998 - UHT Plant Commissioned

 2004 - Schrieber Foods Acquired 51% stake

 2007 - ISO Upgraded to 22000: 2005

 2009 - Certified for ISO 14001:2004 and OHSAS 18001:2007

 2012 - Certified for FSSC 22000:201

 Products

Cheese :

It’s no secret that we love cheese at Schreiber. We think cheese can make just about
anything taste better. There are so many things to enjoy about cheese – the taste, the
nutrition, the variety but the thing we enjoy the most is being able to share it with so many
people around the world.

Natural cheese dates back 5,000 years. Today, there are more than 1,500 types of natural
cheeses, ranging in flavors from mild and buttery to sharp, full-bodied and nutty.

What makes each cheese different? There are a lot of factors – the source of the milk,
temperature, cooking, aging and more.

Varieties of natural cheese include:

 Hard, such as Parmesan and Asiago.

 Semi-hard, such as cheddar, colby, Edam, Gouda and Swiss.
 Semi-soft, such as Monterey Jack, brick, muenster, fontina, mozzarella and
provolone, which all melt well when cooked.
 Soft, such as cream cheese, brie and ricotta.
  Fresh, such as Burgos (a firm-textured fresh white cheese) and fromage frais (a soft,
un-aged, creamy fresh cheese made with milk and cream), which are provided by
our plants in Spain.

Process:

Process cheese is made from natural cheeses that are blended with other ingredients and
pasteurized. This creates a smooth, consistent, flavorful cheese that’s ideal for sauces and
cooking.

American cheese is the most popular and is known for its perfect melt on cheeseburgers
and in grilled-cheese sandwiches.

Yogurt:

Yogurt is a nutritional superstar found in households across the globe. It’s made using
fresh milk and cultures, which help give it the tangy taste and textures people of all ages
enjoy. Yogurt can be enjoyed all day as part of a balanced diet.

Besides being a nutritious part of a meal or on-the-go- snack, yogurt’s incredibly versatile.
It’s great in smoothies, parfaits, salads and more. It’s also an alternative to mayonnaise in
dips and sauces.

At Schreiber, we provide yogurt in many different flavors and styles to appeal to the tastes
of people around the world.

Types:

 Greek: A very thick and creamy yogurt that's a source of protein. In fact, a 6-
ounce serving packs as much protein as 3 ounces of lean meat, making it a super
food snack.
  Blended: A classic favorite that blends fruit and yogurt together in a treat that
has a distinctively smooth and creamy texture.

 Drinkable: Smooth and refreshing, this drinkable variety is an easy way to add
calcium and protein to a balanced diet.

Powders:

Our dry dairy items are ideal for cooking and baking, and are easy to store.

We provide:

 Casein, a protein in milk

 Skim-milk powder
 Organic whey-protein powder
 Dairy whitener
 Whole-milk powder

Ghee, dairy desserts and more:

In addition to cheese and yogurt, we provide other dairy foods. Examples include:

 Ghee, clarified butter used in many traditional Indian dishes

  Butter
 Ice cream
 Reduced-fat cheese curd
 Condensed skim milk
 Sour cream
 Dairy desserts, including flan, a custard dessert

Marketing Strategy

Dairy products manufacturer Schreiber Dynamix Dairies has inaugurated its first state-of-
the-art, fully-automated infant nutrition plant at Baramati, Maharashtra, at an investment
of Rs 250 crore. The company plans to meet the entire investment through internal
accruals and distribute the infant nutritional products pan-India.

The facility, however, will be expanded later to manufacture nutritional products for men
and women. The US-based dairy giant Schreiber Foods holds a majority stake in Schreiber
Dynamix Dairies Pvt Ltd. “In line with our company’s mission of being the world’s leading
customer brand dairy company, we at Schreiber Dynamix continue to invest in high
quality milk through our fully integrated network of 400 bulk coolers across various parts
of western and southern India.

The new infant nutrition facility would distribute products throughout India to meet the
daily requirement of nutrition among children and adults,” said Amitabha Ray, Chairman
and Managing Director, Schreiber Dynamix Dairies.

The facility was inaugurated by Mike Hadded, President and CEO, Schreiber Foods,
Francois Salamon, President, Schreiber International and Amitabha Ray, CMD, Schreiber
Dynamix Dairies. Schreiber Dynamix is India’s largest customer brand and dairy company
manufacturing value added product including cheese, yoghurts, juices, powders for leading
food and beverages players like Abbott, Britannia, Coca Cola, Danone, Domino’s,
McDonald’s and Mother Dairy to name a few.

“Schreiber Dynamix has been catering to the Indian dairy market for over two decades
now. The continued patronage of our customers has encouraged us to build and invest in
this new facility. Through this plant, we will be able to expand our supply of high quality
and food safe nutritional powders in India and other parts of the world,” said Hadded.
“India is a growing market with huge potential and we are sure that investment of over 100
million dollars in the past decade will help us cater to the growing demand.

We are also continuing to explore further investment opportunities,” Francois Salamon,

President, Schreiber International.
 INTRODUCTION

With the Indian economy growing, trades flourishing, the businesses from all parts of the
world are making inroads to India. The India chocolate market has seen tremendous
growth both in terms of volume and value in the recent years.

After a decade of entering the Indian market, the Italian chocolate manufacturer, Ferrero
India has revolutionized the Indian chocolate market with its range of premium chocolates.
The achievements made by Ferrero during these years are significant considering the fact
that it posted huge growth in spite of slow and low consumer spending. By following a
differentiation strategy which is an unconventional way of not focusing on low price
products, Ferrero carved a niche in the chocolate market.

It has challenged the well-established multinational chocolate makers in India by some top
down approach of innovating premium products to its kitty.

In the year 2015 it made a stride by posting a huge sales revenue which was quite
comparable to that of its competitors. The study attempts to study critically the growth
journey of Ferrero India and how it has recognized a sizeable market at the top end.
Ferrero is anything but ordinary. Since our humble beginnings in the small
town of Alba in Italy, our products have surprised and delighted millions of
people all over the world.

We have a truly progressive and global outlook, driven and dynamic, yet
always taking the long-term view. Discover more about a company that puts
its products and people first, learn about our history, and our commitment to
the environment and local communities
Kinder Joy was launched in India as a unique treat for children. We created it specially to
be enjoyed in warmer climates. Sealed within one half of the Kinder Joy egg is delicious
chocolate, while the other half contains a surprise toy.

All Kinder Joy toys are designed and developed with safety in mind, rigorously observing
international regulations as well as extra safety criteria voluntarily adopted by the Ferrero
Group. We have built an entire toy business within Ferrero, purely because we are
determined to delight every child and every parent afresh with each new Kinder Joy they
enjoy.

Working for Ferrero, you can play a part in providing parents and children with exciting
moments to share, generating joy and discovery with these popular Kinder treats.
With its signature rattle sound and distinctive clear plastic box with a flip-top lid, Tic Tac
is a mint unlike any other.

Launched in India in 2008 its unique ‘1 2 3’ flavor effect (vanilla outside, sweet mint inside
and a soul of strong mint) made it an instant success as a low-calorie, fresh-breath candy.

Tic Tac has established a market presence on five continents and is now one of the world’s
leading brands in pocket confectionery with a wide range of minty and fruity flavors. In
India alone, Ferrero produces 20 million Tic Tac pills per day
 HISTORY

Chocolate is no more an occasional luxury item in India. Today in India chocolate is

considered as a fun-to-eat snack and it has become an important item in consumer’s
shopping basket. A significant change in the consumers’ preferences, taste and eating
habits have given birth to new consumer categories.
Completing their meals with desserts has become a trend as more and more Indians now a
days prefer eating outside.
Chocolate is popular in India majorly for gifting purposes and for individual consumption.
Humid tropics in India is the favorable climatic condition for cocoa plantation which in
turn is attracting many foreign manufacturers to thrive as well. Chocolate market is
flourishing in India and with the entry of players like Ferrero, Hershey, Mars International
and the other multinationals the chocolate market in all segments are witnessing cut-throat
competition.
India’s chocolate market is managed by the large multinational firms through various
models and are expanding their business into new markets which is helping the growth of
the industry in India. Rising disposable incomes, growth in young and rich population and
change in lifestyle are the major factors contributing to the Indian chocolate business
growth.
Companies like Mondelez India Foods (previously known as Cadbury’s) has introduced
Rs.5/-chocolate to penetrate and tap the rural India market thus growing the consumption
rate among adults. This may be the only reason behind the timely entry of the international
major chocolate companies like Ferrero India, Lindt & Sprungli, Mars International, and
Hershey India to capture a large chunk of the huge market.

After all these international brands have entered the market, the Indian consumers have a
lot of choices and not sticking to the traditional sweets anymore.
They are becoming more sensitive towards satisfying their sweet cravings. So they are
ready to pay the premium price for the chocolates. Premium chocolate can be referred to
those chocolates whose price is more than Rs. 100.

Most of the premium chocolates brands available in India like Lindt, Ferrero, Mars,
Godiva, etc. import the chocolates and distribute them in the country. But, Ferrero have
gone one step ahead and set up local manufacturing units.

“I am not surprised with the interest that premium chocolate makers are showing for a market
like India”
Ferrero: Beginning of a new dawn
Ferrero started its first branch office in Chennai back in 2004 and in the year 2007 they
incorporated IMSOFER (the manufacturing unit).Government of Maharashtra granted
Ferrero India the mega project status. There has been stiff competition in the premium
segment of chocolates among the chocolate makers like Cadbury, Nestle, Mars and
Hershey etc.
When Ferrero entered India, India was not having a huge market for premium chocolate
which uses to cost more than Rs 25. In a price sensitive country like India most of the
brands used to offer low-price products.

Today, the scenario has changed alot as the premium chocolate is a much bigger segment
and makes up around 30% of the entire chocolate market in India.

Mondelez India has also expanded its portfolio and the range of chocolates in the premium
segments with the latest one being ‘Cadbury Fuse’, a new power packed premium count
line brand. According to the retail consultancy Technopak, 80% of the of India’s chocolate
sales are contributed by the rich or affluent Indians.

But recent launch of low-priced products from the chocolate makers is attracting
consumers from tier 2 and tier 3 cities where the consumers prefer more traditional sweets.

Considering the fact that chocolate is not a natural sweet dish in India, the estimated
domestic market potential of around INR 8000 crores is really huge.Until late the focus on
the premium segment has been slow from Nestle India.

Nestle has been focusing on the mass brands like KitKat and Munch. In order to tap the
ever increasing rich urban demographics who are more likely to increase the spending
acrossthe categories, the chocolate companies are coming up with premium products into
the market.
International Journal of Research in Finance and Marketing (IJRFM) Vol. 6 Issue 12,
December - 2016 ISSN(o): 2231-5985 | Impact Factor: 5.861 |

attractive packaging. At the center of each Rocher chocolate is a perfectly roasted hazelnut
surrounded by the layers of crisp wafer, milky cream, smooth filing and delicately
choppedpieces of hazelnuts6.Ferrero Rocher perfectly refers to all three levels of a product
the core, the actual and the augmented product.
6 http://ferrerochocolatesusa.com
7 www.packagingeurope.com. (2013). Ferrero’s Packaging Strategy in 5 Points. *online+
Available at: http://www.packagingeurope.com/Packaging-Europe-News/52063/Ferreros-
Packaging-Strategy-in-5-Points.html [Accessed 20 Oct. 2016].
8 http://corp.smartbrief.com/s/2015/04/ferrero-gains-nestles-market-share-india-sales-soar
Most of Ferrero’s success can be contributed to the factors which are discussed now. It
tried to premiumize the products through innovation.
According to Ferrero it is the combination of innovation and paying close interest in
customer requirements that has led to the creation of distinctive products.
It is quite evident that Ferrero launched Rocher chocolate in a pack of 12chocolates priced
at Rs. 300 and still acquire customers at such high price levels. Ferrero followed it up with
Kinder Joy, an egg shaped chocolate for the kids which comes with a small toy and Tic Tac
in 2009.
The healthier segment has increasingly become aware and equally complemented by the
sale of such products. Ferrero’s chocolate brand kinder joy is promoted as a healthier
product that contains more milk and less cocoa which encourages mothers to prefer this for
their children. It has reached such a time of significant change in a situation that it has
become broad-based.
That’s the basic motivation behind the mass campaign by Ferrero.
Innovative distribution strategy was one more attribute that contributed to Ferrero’s
growth. But, that never build any reason for Ferrero to compromise on the quality. In
addition to the supermarkets and department stores it allowed Kirana stores also toreach
deeper rural markets.
As per the distribution strategy, it didn’t allow the kirana stores to stock more than 3-4
boxes during the festivals. If we study the product mixes of the chocolate, the rounded
shape and golden wrapper gave Ferrero Rocher a laddoo like look which also hit suitably
with the consumers both in metro and small cities as well.
Ferrero has constantly tried to improve in its packaging which it believes is a very
constitutional part of the product mixes.
Packaging is to safeguard the product, check deterioration, and avoid breakage,
contamination and tampering in order to maintain taste experience months after the
production. It has adopted the 5R packaging strategy to produce functional and
environment sustainable variables. The 5Rs are removal, reduction, recyclability, reuse
and renewal7.Ferrero’s packaging informs the customers about how to dispose the
packaging after the use of the product. Ferrero has only few of its product offerings in
India shows the strategy “to focus on a fewthings and do them well” as said by Rudolph
Sequeira, general manager for Southeast Asia8
 Awards and Certificates

Ferrero has been awarded the title of most attractive Employer

Ferrero has ranked the most attractive Employer of Choice in Italy. The Randstad Award is
credited each year to the most attractive employer in 23 countries throughout the globe.
The winner is elected from a list of top largest global companies based on a set of objective
criteria.

The outcome is only based on public perception, i.e. what the public really thinks about the
participating companies. The 150 largest companies selected in each country is presented to
a representative cross section of relevant respondents: 7,000 employees and job-seekers
between the ages of 18-65.

The respondents are asked to identify the companies they recognize and to indicate
whether or not they would like to work for them. In the next step, they evaluate the relative
attractiveness of each of the selected companies based on 10 key factors.

Ferrero Italy got 79.36% preferences and has been even recognized with 4 special awards:
"pleasant working atmosphere", "security of employment", "work-life balance", "financial
strength".
 INTRODUCTION
Bharat Forge is the world’s largest forging company with global manufacturing footprint
spread across India, Germany, Sweden and France.
We are backed by 50 years of experience in manufacturing a wide range of high
performance, critical & safety components.
We are proud to cater to every major global OEM as our customer and their faith is
reposed on our strong capabilities of metallurgical knowledge, design & engineering
capability and manufacturing prowess.
Bharat Forge has transformed itself from just being a supplier of components to a
preferred development partner through a concentrated focus on innovation, technology
and value addition.
Developing our own technology, constantly improving our technical processes, adopting
the latest manufacturing practices and continuously training our workforce to create a
talent factory has been the cornerstone of our success.
Bharat Forge Limited (BFL), the Pune based Indian multinational is a technology driven
global leader in metal forming having transcontinental presence across ten manufacturing
locations, serving several sectors including automotive, power, oil and gas, construction &
mining , rail, marine and aerospace.

Part of Kalyani Group - a USD 2.5 billion conglomerate with 10,000 global work force;
BFL today has the largest repository of metallurgical knowledge in the region and offers
full service supply capability to its geographically dispersed marquee customers from
concept to product design, engineering, manufacturing, testing and validation.

The world's largest forging company with manufacturing facilities spread across India,
Germany, Sweden, France and North America. Bharat Forge manufactures a wide range
of high performance, critical & safety components for the automotive & non-automotive
sector. It is India's largest manufacturer and exporter of automotive components and
leading chassis component manufacturer in the world. BFL's customer base includes
virtually every global automotive backed by several decades of experience in component
manufacturing & metallurgy, the company is now looking beyond automotive and has
embarked on an ambitious and exciting journey to redefine its already existing presence
across several critical business verticals such as oil & gas, power, rail & marine, aerospace,
metals & mining, construction and general engineering.Bharat Forge will use its strong
platform of metallurgical knowledge, design & engineering capability and manufacturing
prowess, to create a strong position for itself in these sectors. ‘Expanding into new
horizons’ will give Bharat Forge a completely new growth perspective. It will begin the
transformation of the company from an auto component supplier to an engineering
company with diverse complementary businesses in new high growth sectors.

As we expand our expertise across sectors, our vision is clear.

 Industry 4.0
Industry 4.0 can be defined as the next phase in the digital transformation of the
manufacturing sector where machines and IT systems along with other components in the
value chain will be connected to create a fully integrated, automated and optimized
manufacturing system.
This will help increase manufacturing productivity, improve efficiency, shift economics and
foster industrial growth – ultimately changing the competitive landscape of all the
companies. Industry 4.0 has a strong potential to change the way factories work and it
presents tremendous opportunities for innovative manufacturers like us.
The Company is preparing to take advantage of this opportunity and trying to create our
own ecosystem of a digital organization.
We have started this journey in areas of connected enterprise, big data, mobility,
augmented reality (human machine interface) and additive manufacturing. We aim to
apply this initiative across the entire value chain and create a cohesive manufacturing
ecosystem.
We see substantial potential of Industry 4.0 in helping us improve efficiency and increase
productivity, thereby reducing costs and increasing our competitiveness.
 HISTORY
Bharat Forge Ltd is one of the most innovative and exciting companies to emerge in the history of the
forging industry. The Indian Automotive Industry in the 50’s was more like the story of imported kits.
Ancillaries were nominal and infrastructure was scarce and inadequate. It was then, that Bharat Forge
came into existence in 1961 to meet the forging needs of the Indian Automotive Industry. The 70’s
witnessed a spurt in the Indian forging industry with more and more units coming up. For Bharat
Forge, it was a period of consolidation and growth. With the largest integrated facilities in Asia and an
unbeatable track record, Bharat Forge emerged as the undisputed leader - the first name in the
forgings industry in India. With an emphasis on diversification, the 80’s saw Bharat Forge grow from a
primarily automotive ancillary to an engineering enterprise focusing on technological supremacy,
resilience and total customer-orientation. Today, the art of forging metal is a tradition at Bharat
Forge, and all of our products are built with the expertise necessary to accommodate various
industries. Each customer specification is carefully transformed into a cost-efficient reality. Every part
we create is a representation of our overall dedication to craftsmanship. An outstanding reputation
for customer service coupled with the Management commitment to quality has made Bharat Forge
the preferred domestic and global supplier for major OEM’s. Under the intense and caring supervision
of the Chairman & Managing Director, Mr. Babasaheb N. Kalyani, the company continues to expand
and its markets continue to grow, while the goal remains the same : to deliver competitive, quality
products and services - time after time.

1961

- The Company was incorporated on 19th June at Mumbai. The main object of the Company is to
manufacture forgings and finished crankshafts.

1971

- Shares of Rs.100 each subdivided.

1976

- 9,30,000 Bonus Equity shares issued in prop. 3:5.

1978

- Pref. shares redeemed in 3 equal instalments on 2nd January, 1st July and 1st January, 1979.

1981

- The Company privately placed with financial Institutions 3,80,000-15% secured redeemable non-
convertible debentures (IV Series - PP) of Rs. 100 each, for working capital requirements. Also,
4,80,000-1991
- On 22nd May, the Company allotted 10,00,000-14% non-convertible debentures (7th series) of
Rs.100 each on private placement basis.

- The Company issued 19,00,000-18% secured redeemable non-convertible debentures (8th Series) of
Rs.100 each on private placement basis with Mutual Funds. These are to be redeemed in equal
instalments at the end of 6th, 7th and 8th year from the date of allotment viz., 26th November, at a
premium of 5% payable along with the instalment due at the end of 7th year.

1992

- The Financial Services Division commenced for investment in various fund based areas. During the
year, it diversified its portfolio into real estate development.

- The company commissioned the 12,800 tonnes capacity screw type hot forging press.

- During September/October, the Company offered 13,36,500-16% Non-convertible debentures of

Rs.300 each with a detachable warrant on Rights basis in the prop. 1 debenture : 11 equity shares
held. All were taken up.

- Forfeiture on 370 shares annulled. 38,01,950 shares allotted as rights/to employees (prem. Rs.150
per share).

1993

- The fall in exports was due to the letter of credit not being opened at Ukraine and recessionery
conditions in the thrust markets of Japan & W. Europe.

- 13,37,035 No. of equity shares issued at a prem. of Rs. 145 per share on excercise of warrants
attached to NCD (9th shares).

1994

- During February/March, the Company offered 65,93,300 No. of equity shares of Rs.10 each at a
premium of Rs.40 per shares in prop. 1:3 (all were taken up).

- Another 3,29,700 No. of equity shares of Rs.10 each were issued to the employees on an equitable
basis (all were taken up).
.
- BFL is the leading player in the sector. It is the flagship of the Kalyani group and was established in
1961 in collaboration with Steel Improvement and Forge Co., USA (SIFCO), Commercial production of
forgings began in 1966 with the setting up of a plant at Mundhwa near Pune.

1999

- Bharat Forge has surprisingly turned an impressive results. Being the fifth-largest forging company in
the world in volume terms.

2000

- Demerger of Investment Division & Wind Mills Division with effect from March, 1.

2002-Bharat Forge Ltd has informed that Mr G A Nayak, Nominee Director of Unit Trust of India (UTI)
has resigned and ceased to be Director, with effect from December 19, 2002, his nomination having
been withdrawn by UTI.

2001

-Bharat Forge Ltd has retrenched around 800 employees which represents close to one fourth of its
total workforce at its manufacturing facility.

-G A Nayak has replaced Mr.K.G.Vassal as the nominee of UTI on the Board of Bharat Forge.

-Bharat Forge reported a 16% drop in the revenue and 81% drop in the net profits.

2002

-Bharat Forge signs a contract with Dana Corporation's Spincer Europe Ltd., for the supply of forgings.

-Leading Chinese Auto Dealer OEM has awarded the company a large contract for the supply of engine
components,which is worth around $20 million order.

2003

- Bharat Forge Ltd secured the second Largest Customer in China. Guangxi Yuchai Machinery Co. a part
of second Auto Works is among the largest Auto companies in China, which is a stepping stone for
acquiring a large size of the Chinese Markets.

-Bharat Forge Ltd has appointed Ajay S Nagle as Company Secretary and also to act as Compliance
Officer.
200
 AUTOMOTIVE

Over the years, Bharat Forge continues to invest in state-of-the-art facilities harbouring
world-class capacities and capabilities. Our facilities include fully automated forging and
machining lines, the largest of its kind and among the best in the industry. They are
complimented with a strong technology infrastructure based on IT platforms, on which the
company has built an edifice of unmatched design, engineering and innovation capabilities.
Today, BFL holds the capability to meet the global demands of its customers with seamless
engineering and design support.

A customer base that includes virtually every global automotive OEM and Tier I supplier,
BFL today is among the few global automotive component manufacturers with capability
to offer front line design & engineering, dual shore manufacturing capability and full
service supply capability.

The company's USP lies in the full service supply capabilities that it has developed. This
ranges from product conceptualization to designing, manufacturing, testing and validating.
Based on these, the company is built on strong, sustainable and durable customer
relationships which results in the company partnering customers in their long term
product development programmes.
 Oil and Gas

The Oil & Gas business unit is a global player in the upstream equipment market. The
primary product focuses on valves, drill bits, surface flow and sub-sea equipment.
Bharat Forge has identified oil and gas sector possessing a rewarding business potential
and is therefore foraying in both the upstream and downstream aspects of these sectors.

With its expertise in metallurgy and metal forming, Bharat Forge plays a value addition
role in manufacturing critical equipment needed in the oil and gas sector.

AEROSPACE
The Aerospace business unit is a leading supplier of various components - airframe,
structural and engine parts for the aviation sector.
 MARINE

The marine business unit supplies various products to global ship builders, including key
products like crankshafts, connecting rods and propeller shafts.

CONSTRUCTION & MINING

Metals and Mining
Construction
General Engineering
 POWER
The Power business unit manufactures critical components for thermal, wind, hydro and
nuclear applications. The primary product focus is centered on windmill shafts, turbine
rotors and blades, retaining rings and gas engine components.

Rail
The rail business unit is the leading manufacturer of wheel sets, truck frames and rail
components in India with sales across geographies. We are aiming to be in the top 3 rail
component suppliers of the world.
 Certifications

POLICIES

 Quality Policy
 Occupational Health Safety and Enviornment Policy

MARINE CLASS APPROVAL OF MANUFACTURER

 American Bureau of Shipping ( ABS)

 Bureau Veritas Mode II Certificate
 Bureau Veritas
 China Classification Society (CCS)

SELF AUTHORIZATION FROM MARINE CLASS

 Korean Register -Quality Assurance Approval

 Russian Maritime

METALLURGICAL LAB ACCREDITED BY NATIONAL ACCREDITATION BOARD

FOR TESTING AND CALIBRATION LABORATORIES (NABL) IN ACCORDANCE
WITH THE STANDARD ISO/ IEC 17025:2005

 NABL Certificate -1-20.12.2017

 NABL Scope – Page 1
 NABL Scope – Page 2

ISO 9001: 2008 Certification

 ISO 9001:2008 – Common For all Mundhwa, Chakan & Baramati.

 ISO/TS 16949: 2009

 ISO TS16949:2009 – Mundhwa Plant

 ISO TS16949:2009 – Chakan Plant
 ISO TS 16949:2009– Baramati Plant

ISO 14001: 2004

 ISO 14001- Mundhwa Plant

 EC Certificate of Quality System Approval
 ISO 14001- Baramati Plant

EC Certificate of Quality System Approval

 EC Certificate of Quality System Approval

AWARDS
Bharat Forge Recognized by General Motors as a 2016 Supplier of the Year Winner
Bharat Forge was named a GM Supplier of the Year by General Motors during its 25th
Annual Supplier of the Year awards ceremony held Friday, March 31 in Orlando, Florida.
GM recognized 118 of its best suppliers from 15 countries that have consistently exceeded
GM’s expectations, created outstanding value or brought new innovations to the company.
The announcement represented the most suppliers GM has recognized since debuting the
Supplier of the Year event in 1992. This is the first time Bharat Forge has received the
award. Winning suppliers were chosen by a global team of GM purchasing, engineering,
quality, manufacturing and logistics executives and selected based on performance criteria
in Product Purchasing, Indirect Purchasing, Customer Care and Aftersales, and Logistics.
The award was received by Mr. Amit Kalyani, Executive Director, Bharat Forge and Mr.
Subodh Tandale, Executive Director, Bharat Forge.

06

Apr

17

Bharat Forge awarded General Motors Supplier of the Year Award 2016
On March 31, 2017, General Motors, USA awarded Bharat Forge with the prestigious
Supplier of the Year Award – 2016. The Award this year was even more special as GM
celebrated the 25th anniversary of this Award. Every year, GM recognizes 108 suppliers,
selected from over 20,000 suppliers. Criteria for selection includes performance on pricing,
quality, delivery, cultural issues (communication etc.), engineering capability, new business
awards from GM in the year. On behalf of Bharat Forge, Mr. Amit Kalyani and Mr.
Subodh Tandale received the Award from GM Management. Within GM system, this
recognition creates very high visibility.

31

Mar

17

Bharat Forge Awarded First Position in 5S and Energy Conservation Competitions

Bharat Forge has been conferred with First Position in 5S and Energy Conservation
Competitions at an event organized by ACMA (Western Region) on 17th March 2017 at
Pune. First Position Award in “5S Competition” was presented in recognition &
appreciation of efforts taken by the plant & its personnel in achieving Excellence in the 5S
Category. First Position Award in “2nd Best Practices Competition” was presented in
recognition & appreciation of efforts taken by the plant & its personnel in achieving
Excellence in Energy Conservation.

17

Mar

17

Bharat Forge awarded Daimler Supplier Award 2016

Bharat Forge has been adjudged as one of Daimler AG's top 10 global suppliers for the
year 2016 in recognition of top supplier performance in Quality. Bharat Forge was
awarded Daimler Supplier Award 2016 – Global Procurement Trucks and Buses for the
international supply of best quality products. CMD received the award at the hands of Dr.
Dieter Zetsche, Chairman of the Board of Management Daimler AG, Head of Mercedes-
Benz Cars, interim Head of Daimler Trucks and Buses and Dr. Marcus Schoenenberg, Vice
President Procurement Daimler Trucks and Buses on February 23, 2017 in the Mercedes-
Benz Center Stuttgart. Once a year, the German vehicle manufacturer presents the
Daimler Supplier Award for above-average performance and partnership collaboration
with its suppliers. Performance is measured in terms of quality, costs, delivery reliability
and innovation power. Furthermore, co-operative and moral behaviour is also evaluated.

23

Feb

17

Bharat Forge awarded the prestigious TIME India Global Manufacturer for the Year 2017
Time Inc. awarded Bharat Forge with the prestigious TIME India Global Manufacturer
for the Year 2017 at the second annual TIME India Awards. The Award was received by
Baba N. Kalyani, Chairman and Managing Director, Bharat Forge and Amit Kalyani,
Executive Director, Bharat Forge at the hands of Shri Arun Jaitley, Hon’ble Minister of
Finance of India. The awards recognizing Leadership in Indian Manufacturing were
presented on 27th January 2017 at the Confederation of India Industry’s Partnership
Summit in Andhra Pradesh, one of India’s most prominent international business events.
The finalists were selected from a pool of 15,000 manufacturing companies after a rigorous
evaluation of qualitative and quantitative parameters conducted with McKinsey & Co., the
knowledge partner for the awards. Alongside exhibiting overall competitiveness and
pursuing innovation, shortlisted companies stood out for at least one zing factor – either
their remarkable export orientation, pioneering adoption of Industry 4.0, focus on
sustainable manufacturing, or attempts to solve a societal problem.

27
Jan

17

Baba Kalyani conferred with the prestigious “ ICSI Lifetime Achievement Award - 2016”
The Institute of Company Secretaries of India bestowed the prestigious “ICSI Lifetime
Achievement Award” on Baba N. Kalyani, Chairman& Managing Director, Bharat Forge
for ‘Translating Excellence in Corporate Governance into Reality’ for the year 2016. The
award was presented in recognition to his outstanding contribution to the corporate sector,
his dedicated service to the society and exemplary philanthropy. The Award was received
by Amit Kalyani, Executive Director, Bharat Forge at the hands of Smt. Nirmala
Sitharaman, Hon’ble Minister of State (I/C), Commerce and Industry, Government of
India on 24th December 2016 at Vigyan Bhawan, New Delhi.

Bharat Forge wins the prestigious Make in India Awards for “Indigenization through
Make in India”
Bharat Forge won the prestigious Make in India Awards for “Indigenization through
Make in India”. Baba N. Kalyani, Chairman & Managing Director, Bharat Forge received
this prestigious award at the hands of Hon'ble Union Minister of Steel, Shri Chaudhary
Birender Singh. The award ceremony was organized by ETNOW - Times Network on 18th
October 2016 at Taj Palace, New Delhi.

19

Oct

16

Bharat Forge Ltd awarded with “Frost & Sullivan Award 2016”
Bharat Forge Ltd. was honored with “Frost & Sullivan Award 2016” for Growth,
Innovation and Leadership in the category of “India Ferrous New Product Development
Leadership Award”. The award was received by Dr.Rajkumar P Singh, Sr.Director ,
Kalyani Centre for Technology & Innovation (BFL) at Hotel Hyatt Regency, Mumbai.

05

Oct

16

Ms. Leena Deshpande conferred with the prestigious ‘CSR Professional of the Year Award
2016’
India CSR, world’s popular CSR Newswire, awarded Ms. Leena Deshpande with ‘CSR
Professional of the Year Award’ for her outstanding contribution to CSR space at India
CSR Award gala night. The award was presented by Mr. T.B. Jayachandra, Hon. Minister
Law, Parliamentary Affairs, Animal Husbandry, Karnataka State. The India CSR Awards
were held on Saturday, August 27, 2016 at Bengaluru in the presence of more than 100
CSR leaders.

27

Aug

16

Bharat Forge awarded Certificate of Recognition by General Motors

Bharat Forge has been awarded Certificate of Recognition by General Motors for winning
GM’s Global Business by ensuring competitiveness. The award was presented at GM India
Supplier Recognition Ceremony on 14th July 2016 by Johnny Saldhana, VP – GM
International GPSC and received by Raju Kalyani, Executive Director – Bharat Forge and
K Chethan, Director Quality – Bharat Forge.

14

15

Baba Kalyani conferred with the prestigious “Ratna Vaibhav Award-2015”

Baba Kalyani, Chairman and Managing Director, Bharat Forge Limited was conferred
with the prestigious “Ratna Vaibhav Award-2015” for his outstanding contribution in the
field of Business Industry. Hon’ble Governor of Maharashtra, Shri Chennamaneni
Vidyasagar Rao honored Baba Kalyani with this prestigious award. The award ceremony
was organized by Doordarshan at the Ravindra Natya Mandir, Mumbai on Thursday,
23rd April, 2015. Eminent personalities like Bharat Ratna Sachin Tendulkar, Dhanraj
Pilly, Ajit Gulabchand have been previously awarded with this honour.

23

Apr

15

Baba Kalyani conferred with the prestigious “Eminent Engineer Award-2015”

Baba Kalyani, Chairman and Managing Director, Bharat Forge Limited was conferred
with the prestigious “Eminent Engineer Award – 2015” by Dr Kirit Parikh, Chairman ,
Integrated Research and Action for Development and former member , Planning
Commission on the occasion of 13th Foundation day of Engineering Council of India. The
“Eminent Engineer Award – 2015” was conferred on Baba Kalyani for his outstanding
contribution in the field of engineering industry. Eminent personalities like Shri NR
Narayan Murthy, Founder, Infosys, Dr. Baldevraj, Director, National Institute of Advance
Studies, Bangalore etc have been previously awarded with this honour by The Engineering
Council of India.

06

Apr

15

Bharat Forge awarded by the World CSR Congress

Bharat Forge received the “50 Most Caring Companies of India Award” and “50 Most
Talented CSR Leaders Award” by the World CSR Congress in February 2015. The award
was received by Leena Deshpande, Head CSR, on behalf of Bharat Forge.

15

Feb

15

Baba N Kalyani conferred with the prestigious “IIM - JRD Tata Award for Excellence in
Corporate Leadership in Metallurgical Industries-2014”

Baba Kalyani, Chairman and Managing Director, Bharat Forge Limited was conferred
with the prestigious “IIM-JRD Tata Award for Excellence in Corporate Leadership in
Metallurgical industries – 2014” for his outstanding contribution in the field of
Metallurgical industries and Manufacturing sector. On the occasion of 68th Annual
Technical Meeting of The Indian Institute of Metals, Shri Narendra Singh Tomar, Union
Minister of Steel & Mines honored Baba Kalyani with this award. The award ceremony
was organized at the College of Engineering, Pune on Friday, 14th November 2014. Since
2008, each year the National Council of The Indian Institute of Metals selects one eminent
public figure for conferring this award. Eminent personalities like Shri Ratan Tata, Shri B
Muthurmanan , Former Vice Chairman Tata Steel, Dr E Sreedharan , Former MD, Delhi
Metro, Debnarayan Bhattacharya, MD, Hindalco Industries , Dr Sanak Mishra, Vice
President, Arcelor Mittal and HM Nerurkar, Former MD, Tata Steel have been previously
awarded with this honour.

14

Nov

14
Baba N Kalyani conferred with the prestigious ‘Sir M Visvesvaraya Memorial Award -
2014’

Baba Kalyani, Chairman & Managing Director, Bharat Forge was conferred with the
“Bharatratna Sir M Visvesvaraya Memorial Award – 2014” by the Federation of
Karnataka Chambers of Commerce & Industry at a function organized in Bengaluru, on
the occasion of Founder’s Day Celebrations. Marking the occasion were Shri D V
Sadananda Gowda, Hon’ble Union Minister for Railways; Dr. Narendra Jadhav, Former
Member of the Planning Commission of India; Shri S. Sampathraman, President, FKCCI
and many other distinguished leaders from the business community, members of the
chambers, academicians, economists, legislators and policy makers.

Commemorating the birth anniversary of Sir M Visvesvaraya, Federation of Karnataka

Chambers of Commerce & Industry instituted the Visvesvaraya Memorial Award in the
year 1999 to recognize and acknowledge the outstanding efforts of distinguished persons
who have significantly contributed to the economic and social development of India and the
state of Karnataka. Mr NR Narayana Murthy, Mr Azim H Premji, Dr Devi Shetty are
some of the eminent past recipients of this award.

20

Sep

14

13

BFL awarded 'FIVE STAR RATING' by The British Safety Council,UK.

Bharat Forge Ltd has been awarded the 'Five Star Rating' by The British Safety Council,
UK. The award aims to recognise the 'best of the best' in health and safety management.

The international "quality-assured rating" system evaluates an organisation's health,

safety and performance. A structured audit system provides a safety plan for continuous
improvement towards best practice.

To ensure it is a truly objective measurement and continuous improvement tool, the Five
Star protocol and methodology evaluates management performance quantitatively,
producing a numerical score for each of the 60 elements. The report works from a zero
base and builds on an organisation's success in each element. It also highlights successes
and opportunities.

The British Safety Council's five star rating for Health and Safety management system
audit is a comprehensive audit system that is designed for 'real' workplace. It is a
demonstration of good health and safety practice in the facility.
28

Nov

13

Mr. Zope,Group CIO awarded as 'Great CISO’s of India'

Bharat Forge Group CIO, Yogesh Zope have been awarded Great CIO's of India. We
interacted with him and found out what makes him the great CIO of India.
1.Your Achievements as a CISO
I have established a security process to go with well designed technical architeture withi
kalyani Group.Long back we achieved ISO 270001 cerification and we are matured
company when it comes to security awarness.Recently we deployed multiLayered security
solution for a multi tenated Data Center of kalyani Group. This was Large Project
implementation best-of-breed security technologies.

2.A technology that will see more adaption in securing networks

Accdording to me DLP in combination with Encryption will see more adoptiobns.BYOD
requires Mobile Management to adress related threats.Centralized log analysis will help in
monitoring and managing networks.

3.A network threat that CISOs should give more attention to

Internal threats to the data and balance between People,Process & Technology need More
attention from CISOs.

4.The best security architecture to protect enterprise networks

We refer to IT Risk Pyramid model developement by westerman and R Hunter in which
they found the risk factor related to availability,access,accuracy and the model architecture
must

Bharat Forge was nominated for the award due to its significant progress in design &
implementation. It has been able to successfully operate in a technology driven
infrastructure and has shown commendable return on investment. The award was
presented at a specially organized 'Awards Presentation Ceremony' in the
presence of distinguished gathering of business leaders, jurists, academics,
environmentalists, economists, legislators and policy makers.

28

Sep

13
B.N. KALYANI CONFERRED WITH THE "IOD DISTINGUISHED FELLOWSHIP
Award 2013"

Baba Kalyani, Chairman and Managing Director of Bharat Forge Limited., was conferred
with the "IOD Distinguished Fellowship Award 2013".The award was presented by Dr M
Veerappa Moily, Union Minister for Petroleum & Natural Gas on Friday, 19th July 2013 at
Ashok Hotel, Chanakyapuri, New Delhi in the presence of a distinguished international
gathering of business leaders, experts, jurists, economists, legislators and policy makers on
the occasion of IOD's 24th Annual Day.

The IOD Distinguished Fellowship Award was conferred on Mr Baba Kalyani for his
distinguished track record of entrepreneurship that has set extremely high standards of
ethical and transparent conduct and for Bharat Forge's contribution towards building
'Brand India'.

19

Jul

13

Baba N. Kalyani conferred Lifetime Achievement Award by The Asian Business

Leadership Forum

Mr. Baba N. Kalyani, Chairman, Kalyani Group was honoured with the much coveted
“Lifetime Achievement Award” at the Asian Business Leadership Forum’s award
ceremony at Abu Dhabi on 27th November 2012.

The ABLF Lifetime Achievement Award is awarded to people who wield immense
influence to mentor a generation of business leaders with old world wisdom and sharp
business acumen and who consistently place team, community and country on his/her lead
agenda. The ABLF Awards Grand Jury consists of a high-profile group of eminent
industry experts, economic commentators and international leaders from government,
business, academics, advisory and other professional disciplines.

27

Nov

12

Baba N. Kalyani conferred "Cross of the Order of Merit" by the Federal Republic of
Germany

Baba N. Kalyani, Chairman & Managing Director, Bharat Forge was honoured with the
“Cross of the Order of Merit” of the Federal Republic of Germany by the German
Ambassador to India, His Excellency Mr. Michael Steiner on November 7, 2012 at
Mumbai.

The 'Cross of the Order of Merit' is Germany's highest honour for exemplary service to the
nation awarded to individuals for their admirable services to the Federal Republic of
Germany. The recognition is granted to those who make a significant contribution in social,
intellectual, economic or political departments.

07

Nov

12

Baba Kalyani conferred “Doctor of Science” by His Excellency Shri Pranab Mukherjee at
the Annual Convocation of IIT Kharagpur

Mr. Baba Kalyani, the Chairman & Managing Director of Bharat Forge was conferred an
Honorary "Doctor of Science" (honoris causa) by His Excellency the President of India
Shri Pranab Mukherjee on Saturday at the 58th Annual Convocation of IIT Kharagpur
and the culmination of the Diamond Jubilee Celebration of the institute on 17th September

2012.

The Honorary "Doctor of Science" (honoris causa) was conferred on Mr. Baba Kalyani for
his outstanding contribution to Entrepreneurship and for making Bharat Forge a global
leader in the forging industry. Also present at the occasion were the Board of Governors
and the Senate of IIT Kharagpur.

17

Sep

12

ACMA Awards awards Bharat Forge the Gold Trophy for Excellence in Export for the
year 2011-12

Automotive Component Manufacturers Association of India - 'ACMA Awards 2011-12'

has selected Bharat Forge Ltd. for the Gold Trophy for Excellence in Export for the year
2011-12.
The Award was given at the hands of Hon'ble Shri Praful Patel, Union Minister for
Ministry of Heavy Industries & Public Enterprises at the ACMA Annual Session on
Wednesday, 5th September 2012, at Hotel Taj Palace, Sardar Patel Marg, Delhi.

05

Sep

12

Bharat Forge receives the EEPC India National Award for Export Excellence 2009-2010

The EEPC India National Award for Export Excellence 2009-2010 was awarded to Bharat
Forge Limited from Shri. Jyotiraditya M Scindia, Hon'ble Minister of State for Commerce
& Industry, Govt. of India, on 20th December 2011 at New Delhi and was received by Mr.
Lalit Kaul, Vice President, Delhi office.

20

Dec

11

Bharat Forge Limited honoured with the INS Industrial Excellence Award

INS Industrial Excellence Award is given every year to an individual or a group, belonging
to the Indian industry that has, during the previous three years, made a significant
contribution in the nuclear field through innovative technological and/or management
approaches.

BFL has been conferred ‘The I N S Industrial Excellence Award 2010’ in the inaugural
function of Conference on Strategic Electronics at Hyderabad on 24th November 2011.

The award was received by Mr. Sunil Chaturvedi, Chief Operating Officer, Bharat Forge
Limited, Capital Goods Division.

Bharat Forge, the flagship company of the USD 2.5 billion Kalyani Group and a global
leader in manufacturing & metal forming, was honored with the Golden Peacock Award
for ‘Best HR Practices 2011’ in the Engineering sector. Dr Santosh Bhave, Vice President
HR and Ms. Leena Deshpande AVP HR at Bharat Forge received the award from former
Chief Justice of India, Justice M.N. Venkatchaliah at a ceremony organized by the Institute
of Directors at the Le Meridian, New Delhi recently.

An eminent panel of judges headed by Dr. Ola Ullsten, Global Chairman & Former Prime
Minister of Sweden, Justice P N Bhagwati, Former Chief Justice, Supreme Court of India,
Pradeep Chaturvedi, Advisor-FAO and Dr. A N Saksena, Former Financial Advisor,
Ministry of Petroleum considered each company’s performance based on a comprehensive
set of criteria. The panel evaluated detailed information on the HR practices and systems of
participating companies. This year’s format saw major Indian Corporates from 13
different sectors across the country compete for the coveted awards in the final round.

23

11

Chairman, Mr B N Kalyani honored with the Udyog Ratna Award for 2010-11

Chairman, Mr B N Kalyani has been honored with the Udyog Ratna Award for 2010-11.
The award was conferred on him by the Jagatik Marathi Chamber of Commerce and
Industries for his outstanding achievements in the field of Business & Industry.

The award was presented at the hands of the Hon’ble Chief Minister of Maharashtra, Shri
Prithviraj Chavan in the presence of Member of Parliament, Shri Manohar Joshi and Shri
Shivajirao Adhalrao Patil on Saturday, 26th February 2011.

26

Feb

11

Bharat Forge receives India Shining Star CSR Award

Bharat Forge has been awarded the prestigious INDIA SHINING STAR CSR AWARD for
outstanding CSR in the Auto Ancillary sector by Wockhardt Foundation. This award was
presented during ‘CSR Thought Leadership Conclave’ at the hands of Shri Salman
Khurshid, Honorable Union Cabinet Minister for Water Resources and for Minority
Affairs on 19th February 2011 at Taj Mahal Palace, Colaba, Mumbai.

19

Feb

11

Bharat Forge receives the prestigious ‘Golden Peacock Innovative Product / Service Award
– 2011’

Bharat Forge Ltd. was conferred the prestigious ‘Golden Peacock Innovative Product /
Service Award – 2011’ at Bangalore in January 2012. The award was given by Mr. Ola
Ullsten, former Prime Minister of Sweden and Co-Chair, World Commission on Forests
and Sustainable Development and the same was received by BFL Engineering Team.

Institute of Directors Expert Panel shortlisted 152 applications after critical scrutiny for
final selection through 3 tier Assessment Process. In Automobile Sector – Bharat Forge was
selected as a winner.

The award was presented at a specially organized ‘Awards Presentation Ceremony’ in the
presence of distinguished gathering of business leaders, jurists, academics,
environmentalists, economists, legislators and policy makers.

16

Jan

11

ITI Khed awarded Educational Excellence Award.

The Knowledge Resource Development & Welfare Group (KRDWG) expert panel
awarded the Educational Excellence Award to the Khed ITI, supported by Bharat Forge
Ltd.

The award was presented by Ms. Chandni Bedi, Head, Navjyoti Foundation and France
Parliament member Mr. Pascal to Principal Mr. C. L. Wankhede in a seminar and award
ceremony which was scheduled on 21st January, 2012 at IIT Delhi.

The role model of ITI Khed was selected from 140 schools/ITIs across 5 Countries & 17
Indian states.

Golden Peacock Award

Bharat Forge has achieved a remarkable landmark by receiving the prestigious Golden
Peacock Award in the field of Occupational Health & Safety. The Award ceremony was
held on 14th June 2009 at Palampur in Himachal Pradesh. Mr. K. Kanchan – Head of
Occupational Health & Safety received the “Golden Peacock Award” on behalf of Bharat
Forge Limited.

The “Golden Peacock Award” is conferred upon Indian Industries in various categories to
encourage & motivate the Industries for achieving excellence.

The Institute of Directors thoroughly examined the Health & Safety Management System
of various Industries & decided to award Bharat Forge Limited.

14

Jun
09

Mr B N Kalyani, Chairman & Managing Director, Bharat Forge honoured with the
Prestigious "Padma Bhushan Award"

Mr. B N Kalyani, Chairman and Managing Director, Bharat Forge Limited was honoured
by the Government of India with the prestigious Padma Bhushan Award. This is one of the
highest civilian awards in India, conferred upon Mr. Kalyani for his distinguished
contributions of high order to Trade and Industry Sector. The award is a testimony to his
relentless struggle to make Bharat Forge the No. 1 company in the Forging industry in the
World. He has heralded the Kalyani Group to new heights of success thus placing India on
the World map. The Award was presented to him by the President of India, Ms. Pratibha
Patil at Rashtrapati Bhavan in a ceremony held on the 10th of May 2008.

The Padma Bhushan award is an Indian civilian decoration established on January 2, 1954
by the President of India. It stands third in the hierarchy of civilian awards, after the
Bharat Ratna and the Padma Vibhushan, but comes before the Padma Sri. It is awarded to
recognize distinguished service of a high order to the nation, in any field.

10

May

08

Mr B N Kalyani, Chairman & Managing Director, Bharat Forge honoured with the
Prestigious "Rashtra Bhushan Puraskar"

Mr B N Kalyani Chairman, Bharat Forge Ltd. was bestowed with the prestigious Rashtra
Bhushan Puraskar, an award instituted by the FIE Foundation, Ichalkaranji.

The award recognizes Mr Kalyani’s, Outstanding Contribution to Industrial Globalization.

The award recognizes Mr Kalyani’s, Outstanding Contribution to Industrial Globalization.

Mr B N Kalyani received the award at the hands of Chief Minister, Mr Vilasrao Deshmukh
on Sunday, 9th April 2006.
The function took place at Govindrao High School ground, Ichalkaranji and was presided
over by State Cooperatives Minister Patangrao Kadam.

09

Apr

06

Global Entrepreneur of the Year Award

Mr B N Kalyani, Chairman & Managing Director, Bharat Forge Limited was awarded
with the Global Entrepreneur of the Year Award by the Jagatik Marathi Chamber of
Commerce & Industries.

The award was presented under the auspices of the Jagatik Marathi Chamber of
Commerce & Industries Foundation Day – 6th February 2006 at the hands of Mr Shivraj
Patil, Hon’ble Minister for Home Affairs, Government of India. Mr Vilasrao Deshmukh,
Hon’ble Chief Minister of Maharashtra and Dr Raghunath Mashelkar, Director General,
CSIR were also present at the occasion. The function was held at the Yashwantrao Chavan
Auditorium at Matunga, Mumbai.

Since, its inception in 1994 Jagatik Marathi Chamber of Commerce & Industries has
endeavored to reach its objective of progress and prosperity for the Marathi Speaking
entrepreneurs across the world.

It recognizes successful entrepreneurs and awards their achievements in the field of

Industry, International Trade, IT, BT, Research, Communication, Hospitality, Education,
Health, Agriculture, Tourism, Co-operative and Services sectors.

06

Feb

06

7th Annual Ernst & Young Entrepreneur of the Year Award Manufacturing - 2005

Mr B N Kalyani received the prestigious international Ernst & Young Entrepreneur of the
Year Award – Manufacturing 2005.

As the first award of its kind, Ernst & Young Entrepreneur of the Year recognizes
outstanding entrepreneurs who have contributed to nation building and are building &
leading dynamic and growing businesses. The Award winners were selected from amongst
19 finalists across different categories.
The Award was received by Mr B N Kalyani at the hands of Deputy Chairman, Planning
Commission, Mr Montek Singh Ahluwalia at a function held in Mumbai on 11th November
2005.

11

Nov

05

IGCC Award for the Year 2005

Bharat Forge has been conferred with the 'Indo German Chamber of Commerce Award'
for Outstanding contribution towards the promotion of Indo-German Economic Relations
for the year 2005.

Apr

05

Business Standard CEO of the Year 2004

Mr B N Kalyani, Chairman & Managing Director, Bharat Forge was conferred with the
Business Standard CEO of the Year 2004.

The criteria for the award was profitable companies with a turnover of Rs 500 crore and
more, while the performance yardsticks were growth, both in terms of sales and profits
over the mid term period for the last three years, efficient use of capital, return to share
holders and prospects of continued growth performance.

The stress therefore was on sustained and sustainable performance.The award was
formally handed over to Mr B N Kalyani, on 24th March 2005 by the Hon’ble Prime
Minister of India, Dr Manmohan Singh at a function in New Delhi.

24

Mar

05
Bharat Forge included in Forbes ‘Best under a Billion’ list for the third consecutive year

Bharat Forge Limited, was included in the Forbes ‘Best under a Billion’ list for the third
consecutive year.

Eighteen Indian companies, including software and entertainment giants, made it to the
Forbes magazine's list of 200 successful companies outside the United States with annual
sales of under one billion dollars.

The magazine specially takes note of the Indian entrepreneurship in the tight world
market, pointing out that the number of Indian companies has gone up to 18 this year from
13 last year and 10 a year earlier.

The 200 successful companies were drawn from among 19,000 publicly traded concerns
with annual sales below one billion dollars. The magazine screened out most corporations
that did not have operating margins of at least 5 per cent in the latest year and average
equity return of at least 5 per cent over the past five years.

16

Jan

05

Bharat Forge included in Forbes ‘Best under a Billion’ list for the second consecutive year

Bharat Forge Limited, India’s first global auto component company was included in the
Forbes ‘Best under a Billion’ list for the second consecutive year.

Published in the November 15th issue of Forbes, the list is compiled from a possible of
2,600 publicly traded companies across Asia Pacific and Europe that had under $ 1 billion
a year in revenue and five-year returns on equity of at least 5%.

While, India has the highest number of entries (24) compared to any other nation, except the UK,
Bharat Forge was the only auto parts company with an average return on equity of 34% (over the five
years measured by Forbes) ranking third among the Indian companies on the list.
 MISSION
OUR FOCUS IS ON DEVELOPMENT OF NEW PROCESSES - FROM STEEL
MAKING TO FORGING, TO MACHINING AND
SURFACE TREATMENT THROUGH INNOVATIVE TECHNOLOGIES with majority
of its power produced by renewable resources.

Having steel plants within the group gives Bharat Forge the edge to produce superior quality,
high strength and clean material. The process is backed by strong research in metallurgical
characterization of materials and their properties. A well defined approach towards process
redesign, from conventional forging to advanced forging for better material utilization and
strength. Optimization of machining and surface treatment processes resulting into
components with higher strength to weight ratio.

SUSTAINABILITY

As part of its endeavor of contributing towards reducing carbon footprint and ensuring
sustainability across all operations, BFL focuses on various initiatives like:

 Use of bio fuels aimed at minimizing energy consumption at all of its plants
 Adoption of modern regenerative combustion technology to reduce fuel
consumption
 Use of recycled water from effluent treatment plant for maintenance of greenery in
the Plant.
 Implementation of rain water harvesting
 Reduced cycle waste & adoption of eco-friendly waste disposal
 Implementation of scientific tree plantation to reduce atmospheric pollution.

VISION
THE COMPANY BELIEVES THAT ITS NEXT ROUND OF GROWTH WILL BE
PROPELLED
BY CREATING OPPORTUNITIES THROUGH INNOVATION.

Innovation has been the driving force behind our company and is applied across every
aspect of our business. Our R&D team has been working on various projects including
developing technologies to minimizing carbon footprint and producing light weight
products which translate into lower energy consumption. The auto world is moving to a
greener fossil free technology. We have tied up with like-minded companies to develop
technology that our automotive clientele can capitalize on. The company has been focusing
sharply on innovating in the automotive space with new technology & products while
continuing to explore opportunities in the non-automotive space.

Innovative application of latest technologies has helped the company develop critical, high
value, high value added products for the non-automotive sector. Today BFL is an
indigenous supply source for some of these products which were largely imported.

With innovation at our heart, we continue our endeavor of rising through diversification &
manufacturing high quality products that drive change and sustainability.
 MANUFACTURE AND SUPPLY
BHARAT FORGE LIMITED

Location : India

Capacity - Forging : 403,750 TPA

Machining :

-Crankshaft Machining Capacity of 1.2 Million nos

-Front Axle Beam Machining Capacity of 0.75 Million nos

Sectors : Commercial Vehicles, Passenger Vehicles

Transportation (Rail, Marine, Aerospace), Power ( Wind, Thermal, Hydro), Energy (Oil &
Gas), Construction & Mining.