×
Strategy
Charting the roadmap to stronger and sustainable growth
Our strategic roadmap reflects our long-term objective of driving sustainable growth and becoming an innovative engineering company. Towards this, we have laid down ‘Vision 2030’ which entails achieving a set of financial targets and pivoting Bharat Forge to move up the products and systems value chain backed by world‑class technologies.
Vision 2030: Capability Driven Strategy
The Objective
Progress to BFL 2.0 by scaling our competencies and reaping benefits of our investments
- Create balanced income streams across components and products/systems
- Advance incubated verticals from investment phase to production mode
- Turnaround international operations
- Achieve operational improvement across all verticals and shrink balance sheet with deleveraging
- Progressively optimize efficiency of new verticals like Defence and E-mobility
Targeted result:
12-15% CAGR
consolidated revenues (FY 2022-FY 2030)
20+%
consolidated EBITDA margin
500 bps
increase in consolidated ROCE (from FY 2022 levels of 20%)
Strategic Way Forward
Grow the Core (Traditional core components business)
- Secure more business with supply chain consolidation in India’s favor with China+1 and Europe+1
- Alignment with customer strategy
Expand the New Segments and Technologies
- Components and industrial: Increase value content by growing customers and segments, geographical expansion and transitioning to product development
- Defence: Leverage our competencies including in artillery systems to transform from a component supplier to a products/system supplier
- E-mobility: Play the full spectrum of automotive sector (2W, CV, PV), increase content per vehicle and evolve to become a supplier of solutions across castings/forgings across various materials, power electronics and subsystems
- Aerospace: Grow components around engine, aero structures and landing gears
