Bharat Forge Limited has announced a strategic investment to acquire a 30% equity stake in Fortuna Engineering Private Limited at a valuation of ₹129.60 crore, subject to customary closing adjustments. The move marks a step toward expanding capabilities in precision-machined components and deepening engagement across key industrial segments.
Founded in 1989 and headquartered in Nashik, Fortuna Engineering has built a strong presence in the manufacturing of precision engine components, particularly connecting rods and camshafts. The company caters to a wide range of automotive and industrial applications, supplying to leading original equipment manufacturers across passenger vehicles, commercial vehicles, tractors, and off-highway segments in India. Its reputation is anchored in consistent product quality, engineering expertise, and long-standing customer relationships.
The investment is expected to enable closer collaboration between the two companies, combining Bharat Forge’s global scale and metallurgical expertise with Fortuna’s specialized machining capabilities. The partnership is aimed at driving growth through expanded product offerings, enhanced manufacturing efficiencies, and access to new markets.
Commenting on the development, Amit Kalyani, Vice Chairman and Joint Managing Director of Bharat Forge, said the collaboration aligns with the company’s strategy of strengthening its component ecosystem through partnerships with established players. He noted that Fortuna’s strong operational track record and technical capabilities make it a valuable addition, and expressed confidence in scaling the business jointly by leveraging emerging opportunities across sectors.
Bharat Forge, headquartered in Pune, is a global technology-driven engineering company known for delivering high-performance, safety-critical components across industries including automotive, aerospace, defence, oil and gas, construction, and railways. With manufacturing operations spanning multiple countries, the company offers end-to-end solutions—from design and engineering to testing and validation—for customers worldwide.
Fortuna Engineering, on its part, continues to focus on engineering-led growth, supported by its deep process knowledge and manufacturing capabilities. The company has been steadily expanding its footprint by exploring new product lines, customer segments, and export opportunities.
