Bharat Forge cranks up for the future as Covid dents biz at home and abroad

The second part of the series looks at Bharat Forge's strategy during Covid to restructure overseas units

Amit Kalyani, 44, deputy managing director, Bharat Forge, is prepping the 54-year-old firm for the future. The strategy involves a two-pronged approach: Setting tough targets for the company’s overseas subsidiaries and taking the group into newer businesses.

With its core commercial vehicle (CV) segment (in both domestic and export markets), which accounts for close to 47 per cent of consolidated revenue, seeing a near collapse due to the pandemic and non-auto segments such as oil and gas also under pressure, the world’s largest forging company is looking at newer horizons.

“We will always have something in Horizon 2 and something