Bharat Forge Acquires 30% Stake in Fortuna Engineering

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“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.” - Amit Kalyani, Vice Chairman & Joint Managing Director - Bharat Forge Limited

May 2026 : Bharat Forge Limited (BFL), the Pune-based global powerhouse recently announced a strategic 30% stake acquisition in Fortuna Engineering Private Limited (FEPL). The deal, valued at INR 129.60 crores, isn’t just a financial transaction; it’s a calculated handshake between two masters of precision engineering.

Fortuna, a Nashik-based specialist established in 1989, has spent decades perfecting the art of machining engine components like connecting rods and camshafts. Their reputation as a reliable supplier to India’s biggest automotive OEMs - spanning tractors, passenger cars, and heavy-duty commercial vehicles - makes them a natural ally for Bharat Forge as it continues its transformation into a technology-driven global leader.

The leadership on both sides sees this as a moment of synergy rather than just a line item on a balance sheet. Mr. Amit Kalyani, Vice Chairman and Joint Managing Director of Bharat Forge Limited, expressed his enthusiasm for the collaboration: “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.”

For Fortuna, the partnership represents a turbo-boost for their global ambitions. Mr. Suriya Narayanan, Chairman and Managing Director of Fortuna Engineering, highlighted the broader vision of the deal: “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.”

As the industry moves toward more complex, high-performance solutions, this partnership anchors two Indian giants firmly at the center of the global supply chain, proving once again that "Make in India" is a vision backed by serious momentum.

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