Expanding opportunities with diversification

Company
12 Mar 2024
5 Min read 
  • Happy Forgings is a Ludhiana-based company specializing in diversified forging and machining services.
  •  Ranked as the fourth largest engineering-led manufacturer in India for complex and safety-critical components.
  •  Well-diversified customer base serving industries such as heavy commercial vehicles, farm equipment, off-highway vehicles, and industrials.
  •  Focus on high precision and complex components, with a growing presence in the industrials and exports segments.
  •  Strong financials, steady margin expansion, and a roadmap for strong growth.
  •  Risks include faster EV adoption, lower growth in underlying industries, and macro headwinds.
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