Corporate Overview
Our Capitals
Statutory Reports
- Management Discussion and Analysis
- Board’s Report
- Report on Corporate Governance
- Business Responsibility Report
In a rapidly-evolving market, our customers are faced with the challenge of remaining agile in their market strategy. As a strategic supplier-partner to them, we are constantly undertaking R&D and driving efficiencies to rapidly provide technology and solutions that can increase their competitiveness. In FY 2021, with the challenges related to pandemic, customer relationship management has undergone a lasting paradigm change. We adopted innovative means to continue meeting their demands and surpassing their expectation to deepen the relationships.
In Fy 2021, our operations and supply chain were impacted due to the pandemic-related lockdown which saw our plants remain shut as per regulatory guidelines and the subsequent reduced mobility due to travel restrictions. Despite the astute challenges, we maintained close collaboration with our customers in India and globally and strived to ensure sustained fulfillment of demands. Our teams put in great efforts in managing all ends of the supply chain by adopting a proactive approach and transparent communication to ensure no line down situation at our customers end. Our efforts and performance have enabled us to exceed their expectations and have been highly appreciated by them.
We successfully overcame the multiple challenges by actively implementing virtual interface and digital collaborations across all functions. One such example is the change in Plant Audits by customers which is now being successfully done via virtual interface. Quarterly Supplier Business Reviews have also been shifted to online mode as against in person earlier in line with the increasing demand from the customers.
Innovation and technology have been at the core of Bharat Forge. With the emerging trends on light-weighting and E-mobility, we are focused on continually developing and delivering solutions on these fronts for our customers. An important aspect of our ability to delight customers is by working closely with them to imagine the future of their industry and co-develop solutions.
Despite our facilities being impacted with lockdowns, we intensified our focus on the new product development process. This helped us in having an enhanced engagement with our customers, thereby utilizing the lock down period productively.This will ensure the timely and successful launch of our products at customer end.
Gold Aaward for Strategic Alignment
Achieving Excellence for Quality
Appreciation on Quality and Delivery
Supplier Quality Excellence Process
SPM Leader Award
COVID-19 Outstanding Supplier Award 2020
Mainstreaming progress and prosperity have been at the core of our thinking and actions. For more than four decades, worked towards creating a holistic, inclusive and sustainable society. In FY 2021, with the onset of COVID-19, a lot of our efforts were channelized towards supporting the Government in controlling its spread and providing relief to communities affected by it.
At Bharat Forge, we are promoting development of regions through identifying needs and undertaking focused initiatives around them. By undertaking projects around village development, fostering education, skill development, women empowerment, and health & hygiene, we enable communities to become self-sustainable such that they can resolve their issues and attract necessary resources. We ensure involvement of local communities in our projects to ensure deeper impact which can help stimulate economic development and improve their standards of living. Most of our social programs are designed to be long-term to ensure lasting impact on the communities.
During COVID-19 pandemic, we undertook multiple relief efforts to provide relief to the communities. We distributed PPEs, masks, food packets and medical kits. We helped in setting up of sanitization tunnels and oxygen beds, producing ventilators, and distribution of oxygen concentrators, etc. which were essential to save lives. We are helping strengthen the Primary Health Care Centers in the villages to enable them treat local patients so that they would not be required to travel. Towards this, we facilitated in creating isolation wards, providing COVID-19 medicines, medical apparatus and equipment, and helping in improving their infrastructure.
Our water harvesting and tree plantation projects and initiatives towards keeping surrounding clean by constructing underground gutters are ensuring cleaner, greener and healthier villages. Until now, we have planted more than 34,755 trees, which we also maintain, ensuring a survival of more than 90%. We also provide safe drinking water by helping villages in establishing RO plant.
We are undertaking a large-scale development of villages through our flagship program which involves developing 100 villages in Maharashtra in the areas of water availability, livelihood, education, health & nutrition and infrastructure creation. Every village is analyzed in these five essential indicators, and a strategic approach is adopted to come up with focused and need-based solutions to improve them.
Agriculture is the major source of livelihood in villages. Water being a key requirement for it, we have undertaken multiple projects to improve its availability. We have built several bandhara (low dam) and water harvesting infrastructure and desilting of talav (water reservoir) which have helped several of these villages in getting access to irrigable water. Improved water availability has contributed to a change in cropping pattern which has resulted in better yield. Further, the dug materials for constructing bandhara have been used to construct roads. Our land leveling and organic farming initiatives have enabled tribals undertake cultivation. We have also helped farmers in starting processing units. These initiatives have helped villages to become self-sustaining ecosystems and farmers to increase the production of crops resulting in a rise in income and elevating living standards. We have also developed appropriate infrastructure for safe drinking water and storing them.
We undertake health outreach programs for cancer screening and other diseases which have helped improve the health of women through better diagnosis and behavioral change. We have also trained Asha workers to measure the impact of nutritional programs for school children, which has helped contribute to an improvement in their health.
We have helped 34 Zilla Parishad schools to develop their infrastructure including school building, repairing and painting, and construction of toilets and compound walls. Availability of right infrastructure has provided a facilitative atmosphere encouraging children to continue learning.
Total lives touched
Water capacity created due to water harvesting projects
Silt removed for water harvesting work
Land cultivated due to water harvesting work
Bandharas constructed for water conservation
Drinking water tanks constructed
People benefited with water tanks
Barren land brought under cultivation by land leveling
Lift irrigation projects
Internal road constructed
Infrastructure development of Zila Parishad Schools in villages
Women screened for cancer
Our education efforts, alongside imparting knowledge, focuses on enhancing child’s confidence and self-reliance through working on their communication and life skills. Our key programs ‘Pradnya Vikas Program’ and ‘Anubhav Shala – Khelghar’ have helped develop child’s personality and leadership skills. We have also supported Pratham Pune Education Foundation (PPEF) in their efforts in educating underprivileged children by conducting sessions on Mathematics, Science, English and Marathi. Over 150,000 children have benefited through it.
Bharat Forge was declared the winner of ‘The Mahratta Chamber of Commerce, Industries & Agriculture (MCCIA) Annual Awards 2020’ under Corporate Social Responsibility.
Bharat Forge was bestowed with this award by the Government of Maharashtra under skill development category for developing and upgrading Industrial Training Institutes (ITIs) at Khed, Bhor and Malegaon.
