What Him Teknoforge does

Him Teknoforge Ltd. is an India-based, BSE-listed Tier 1 automotive components manufacturer established in 1981, operating across the full value chain from raw steel forging to finished machined and heat-treated components. Its product portfolio spans gears (engine, crank, bull, spur, helical, crown wheel, bevel), shafts, axles, PTO assemblies, gearboxes, king pins and repair kits, and assemblies/sub-assemblies for commercial vehicles, tractors, and agricultural machinery. Core manufacturing technology centers on warm and precision closed-die forging using CNC screw presses (up to 4,000 tons), in-house heat treatment (sealed quench furnaces, gas carburizing, induction hardening), Gleason-based crown wheel and bevel gear production, and CNC machining with CMM-based metrology. Capacity stands at approximately 3,000 MT of forgings and over 350,000 finished components per month across five plants (Baddi, Manpura, Pithampur, Rudrapur, Baroda), with the acquired Gujarat Automotive Gears (GAG) unit operating as a 98% export-oriented subsidiary.

The company's revenue model is overwhelmingly B2B component supply under quote-based pricing with no publicly disclosed pricing structure. It serves three primary commercial channels: direct OEM supply to India's top tractor and commercial vehicle manufacturers (Ashok Leyland, Mahindra & Mahindra, Eicher, TATA, Swaraj), pan-India aftermarket distribution through dealers across nine states, and export sales to distributors in Europe (Germany, Italy, UK, Belgium), the Middle East (UAE, Egypt), South-East Asia (Singapore, Malaysia, Thailand, Sri Lanka), and North America. Government contracts with Indian Railways and Indian Defense add a secondary revenue stream. The company has also extended into electric mobility via the Kag Cheetah-branded E-Rickshaw and E-Loader product line, though this remains a minor segment relative to the core forged/machined components business. Revenue is anchored by a stated peak turnover of approximately INR 325 Crores, and management has guided to a 15% CAGR over the next five years.

Name

Him Teknoforge

Legal name

Him Teknoforge Ltd.

Website

https://himteknoforge.com

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Him Teknoforge is an India-based, BSE-listed Tier 1 manufacturer of forged and machined automotive components — gears, shafts, axles, and assemblies — supplying OEMs like Ashok Leyland and Mahindra & Mahindra, plus aftermarket and export customers across 20+ countries from five manufacturing plants.

Ownership category

akta.pro rank

Product category

Automotive Components Manufacturing

NAICS

Motor Vehicle Parts Manufacturing (3363), Agriculture, Construction, and Mining Machinery Manufacturing (3331)

SIC

Motor Vehicle Parts & Accessories (3714), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Material Handling & Loader Attachments (Front Loaders, Telehandlers, Bale Handlers, Forks) (AFAAAAAC)

akta.pro secondary industries

Material Handling & Industrial Lift Vehicle Manufacturing (Forklifts/Telehandlers/Reach Stackers) (IMACAFAD), Off-Highway Vehicle Cabs, Frames & Attachments Manufacturing (Cabs/Booms/Buckets/Implements) (IMACAFAL)

Keywords

• Automotive component manufacturing
• Precision forged parts
• Gear and shaft production
• OEM Tier 1 supplier
• Heat treated components

Headquarters

HQ city

Chandigarh

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. OEM Component Supply: Supply of finished forgings, machined components, gears, axles, shafts to original equipment manufacturers for tractors, commercial vehicles, agricultural machinery, railways and defense
2. Aftermarket Parts: Supply of replacement parts and repair kits for commercial vehicles, tractors and industrial equipment through dealer network
3. Export Sales: Export of automotive components to European market, Middle-East, South-East Asia and parts of North America. GAG unit generates 98% revenue from export sales
4. Electric Vehicles: Manufacturing and sale of E-Rickshaws and E-Loaders for Indian market

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Him Teknoforge Ltd. is a Tier 1 automotive component manufacturer that produces precision-engineered, forged and machined components including gears, shafts, axles, assemblies and sub-assemblies, gear boxes, PTO assemblies, crown wheel and bevel gear kits, fork-lift parts, king pins and repair kits for tractor OEMs, commercial vehicle OEMs, railways, defense, oil & gas, and international aftermarket. The company manufactures E-Rickshaws and E-Loaders under the Kag Cheetah brand and operates a vertically integrated production process from raw steel procurement through forging, heat treatment, machining, and assembly across three gear plants and two forging plants in India.

Product overview

Him Teknoforge is a Tier 1 automotive components manufacturer offering a comprehensive portfolio of forged and machined components. The product range includes machined components (gears and shafts, assemblies & sub-assemblies, gearboxes, PTO assemblies, axles, crownwheel & bevel gear kits, fork-lift parts, king pins & repair kits) and forging products (agricultural machinery, commercial vehicle, railway, defense, and oil & gas industry components). The company also manufactures electric vehicles including E-Rickshaws and E-Loaders. Manufacturing is conducted across three gear division plants (Baddi, Pithampur, Rudrapur) and two forging plants (Baddi, Pithampur), with an acquired unit Gujarat Automotive Gears focused on export-oriented aftermarket products.

Differentiator

Problem solved

Functional benefit

Brands

• Him Group: Parent group of companies including Him Teknoforge Ltd., Him Overseas, and Him Shots.

Products and services

• Gears and Shafts Precision-engineered gears including engine gears, crank gears, bull gears, spur gears and helical gears, and shafts including intermediate shafts, rock shafts, connecting shafts and PTO/drive shafts with a manufacturing capacity of over 200,000 gears and shafts per month, supplied to tractor OEMs, commercial vehicle OEMs and industrial customers.
• Assemblies and Sub-Assemblies Complete assemblies and sub-assemblies for commercial vehicles (e.g., Ashok Leyland), defense and agricultural equipment, delivered with in-house checking facilities for defect-free supply.
• Gear Box Multi-speed gear boxes for agri-implements including 2-speed and 4-speed variants, developed through in-house R&D for agricultural machinery customers.
• PTO Assembly Power Take-Off assemblies with yokes manufactured in-house, supplied to OEM manufacturers of tractors and agricultural implements.
• Axles Axles manufactured through dedicated forging and machining facilities with maximum flange diameter of 250mm and length up to 1200mm.
• Crownwheel and Bevel Gear Kit Spiral gears up to 400mm diameter, pinions up to 400mm, and bevel gears at 160mm diameter for agricultural equipment and automotive industry, manufactured using Gleason technology with extensive lapping and testing.
• Fork-Lift Parts Forklift components primarily supplied to the European market, manufactured at the Gujarat Automotive Gears (GAG) facility.
• King Pins and Repair Kits King pins and repair kits for international truck and forklift models including Volvo, MAN, Mercedes Benz, RVI, Nissan, DAF, Scania, Iveco, BPW, ROR and Dennis.
• Forging Components Quality forgings including gears (0.5-35kg), shafts (0.5-25kg), crown wheels (1-50kg), pinions (1-20kg), axles, forks, yokes and steering components manufactured via closed die, upset forging and drop forging processes with a monthly capacity of approximately 1300 MT.
• Other Auto Parts Additional automotive components including suspension linkage parts, B.C. levers, steering levers, output flanges, shifter forks, selector shafts, axle tube nuts and universal joint cross components.
• E-Rickshaw (Kag Cheetah) Electric rickshaw with 4+1 seating capacity, 900W BLDC motor, 48V 100Ah battery, maximum speed of 25 km/h and 90-100 km battery backup; features digital speedometer with battery status, indicator and voltage display.
• E-Loader (Kag Cheetah) Electric loader with driver plus one seating, 1000W BLDC motor, 750 kg weight capacity, 48V ICAT-approved battery, and 350 kg overall weight including battery.

Quantifiable outcome

• Manufacturing capacity of over 200,000 gears and shafts per month
• +2 more outcomes

Named customers9 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Joint Venture PartnercoreStrategic or Co-development Partner · 25 June 2025Joint venture intimation dated 25.06.2025 indicates inorganic growth strategy for expanding business through partnerships
• Gag (Gujarat Automotive & Gears)coreOthersGujarat Automotive & Gears (GAG) is a group company acquired in September 2013. It is a leading manufacturer and exporter of Tractor and Truck Parts like king pins, transmission components for European & North-American Market. The acquisition enabled expansion into international market and increased product portfolio. GAG is now 98% export oriented.
• Him OverseasminorOthersPart of Him Group of companies, sister concern of Him Teknoforge
• Him ShotsminorOthersPart of Him Group of companies, sister concern of Him Teknoforge

Scale indicators9 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Endurance Technologies: Large Indian auto component manufacturer producing suspension, braking, transmission, and engine components for two-wheelers, passenger vehicles and commercial vehicles. Comparable as a broader auto-component incumbent serving similar Indian OEM customers.
• Motherson Sumi Systems: One of India's largest auto component conglomerates with global presence across wiring harnesses, modules, polymers, and metal-formed components. Comparable as a broad incumbent in Indian auto component supply rather than a direct product-line overlap.
• Sundaram Fasteners: Indian manufacturer of high-tensile fasteners, powertrain components, and automotive parts serving OEMs including Tata Motors and other CV/tractor makers. Comparable in product range and OEM supply model, though at significantly larger scale.

Direct peers

• Sona Comstar: Indian manufacturer of differential gears, differential assemblies, and other precision automotive components. Directly comparable in gear manufacturing capability and supply to automotive OEMs in India and globally.
• Sansera Engineering: Indian precision-engineered auto component manufacturer specializing in connecting rods, rocker arms, gear shifting forks, and other forged/machined components for two-wheelers, passenger vehicles and commercial vehicles. Closely comparable in product mix, customer base and forging + machining model.
• MM Forgings: India-based forging manufacturer of automotive and industrial forged components including gears, shafts, flanges and axle assemblies. Highly comparable in product portfolio and supply to commercial vehicle and tractor OEMs.
• Bharat Forge: India's largest forging and auto component manufacturer serving passenger car, commercial vehicle, and industrial customers globally. Most directly comparable to Him Teknoforge's forging and machined components business across Indian and export OEMs.
• Ramkrishna Forgings: Indian forging company producing rolled, forged, and machined components for automotive, railways, earthmoving, and oil & gas industries. Comparable in scale, vertical integration from forging to finished components, and customer mix across Indian and global OEMs.

Emerging players

• Forge Auto International: India-based forging company supplying automotive, tractor, and off-highway components with export focus. Comparable in scale, product mix (forged tractor and automotive components), and India-plus-export business model.
• Rico Auto Industries: Indian manufacturer of aluminum and ferrous auto components including engine and transmission parts for two-wheelers, passenger vehicles and commercial vehicles. Comparable in product mix (forged/machined powertrain components) and Indian OEM customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/himteknoforge

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Him Teknoforge