- Strategic partnership valued at ₹129.6 crore to accelerate scale and market expansion
- Alliance strengthens presence across automotive, industrial and global supply chains
- Move aligns with ‘Make in India’ push and next-gen manufacturing capabilities
NE BUSINESS BUREAU
PUNE, MAY 1
In a strategic move to deepen its footprint in precision engineering and automotive components, Bharat Forge Limited has announced the acquisition of a 30% stake in Fortuna Engineering Private Limited, at an equity valuation of ₹129.60 crore, subject to customary closing adjustments.
Founded in 1989, Fortuna Engineering is a well-established manufacturer of precision-machined engine components, catering to leading automotive OEMs across passenger vehicles, commercial vehicles, tractors, and off-highway segments in India.
STRATEGIC SYNERGY FOR SCALE & CAPABILITY
The partnership is expected to unlock new growth avenues by combining Bharat Forge’s global scale and engineering expertise with Fortuna’s strong manufacturing capabilities and market reputation. The collaboration aims to expand into new products, customer segments, and geographies, reinforcing both companies’ positions in the evolving mobility ecosystem.
LEADERSHIP SPEAK
Commenting on the partnership, Amit Kalyani, Vice Chairman and Joint Managing Director, Bharat Forge Limited, said: “We are pleased to enter into this partnership with Fortuna, a leading supplier of machined components for a wide range of applications in India. We are impressed by the company’s capabilities, operating track record and reputation in the market. We look forward to working closely with the promoters and management team of Fortuna to scale the business further and build on the significant opportunities ahead.”
Sharing his perspective, Suriya Narayanan, Chairman and Managing Director, Fortuna Engineering Private Limited, said: “We are delighted to welcome Bharat Forge as a strategic partner in Fortuna’s growth journey. This partnership is a significant milestone for us and a strong enabler for our next phase of growth across new products, new customers and new geographies. We see this partnership as a powerful opportunity to strengthen our contribution to the ‘Make in India’ vision by building world-class capabilities in India for global requirements. With Bharat Forge’s experience, scale and strategic strength, we believe Fortuna is well positioned to pursue the next wave of stellar growth opportunities in India and international markets.”
ROAD AHEAD
The transaction is subject to customary conditions precedent and regulatory approvals. Once completed, the partnership is expected to enhance manufacturing depth, export potential, and global competitiveness, positioning both companies for sustained growth.
