Bharat Gears was founded by the tireless Raunaq Singh, a man who aspired to take on the challenges of the liberalization of the Indian economy and the opportunities of the 21 st Century. With his dynamic leadership, Raunaq Singh was instrumental in strengthening Bharat Gears to leadership position it is in today.

Incorporated on 23rd December 1971, BGL is India's largest gear manufacturer. Since commencing business in 1974, BGL entered into the technical know-how with Holcroft, Michigan, U.S.A. for manufacturing Furnaces in May 1983 and with ZF Friedrichshafen, AG, Germany, in 1985 to Mid May,2007 technical and Financial collaboration for manufacturing Gear Boxes. BGL manufactures a wide range of gears for HCV, MCV, LCV, utility and off-highway vehicles. The products includes bevel, straight bevel and transmission gears.

BGL combines a modern line of machinery from all over the world. BGL manufactures a wide range of hypoid/spiral gears, differential gears and shafts, complete automotive transmissions, gearbox sub-assemblies and differential assemblies. World class parallel axis gear grinding and welding machines are deployed to enhance the capabilities to produce internals for heavy-duty power shift transmissions.

BGL's furnace division builds a variety of furnaces - sealed quench, continuous gas carburisers, rotary hearths etc. with technical know-how from AFC-Holcroft, USA. With niche markets in the OEM segment being serviced from the Mumbra plant, BGL felt the need to penetrate the untapped replacement market that comprises about 50% of the auto component industry. The fresh capacity needed to address the opportunity was achieved by the amalgamation of Universal Steel and Alloys Limited with BGL under a scheme of rehabilitation sanctioned by BIFR effective April 1, 1998. The facilities so acquired at Faridabad was upgraded and expanded in May 2000 at substantial investment. Apart from being the largest manufacturer of gears for OEM's in India, BGL is a major exporter to countries around the world.

Both plants are ISO/TS-16949:2002 & Faridabad Plant is ISO 14001:1996 also.

Milestones:

• 1972- Foundation Stone laid at Mumbra Factory. 

• 1974- Inauguration of the Hypoid Plant and Commencement of Production with 'Gleason Machines'. 

• 1980- First 'Oerlikon Spiromatic Generator' installed. BGL becomes the First Company in INDIA to have both Cutting Systems under one Roof. 

• 1981- Memorandum of Association signed with AFC-Holcroft, U.S.A. for construction of furnaces in India to AFC-Holcroft design.

• 1985-2007- Collaboration Agreement with ZF AG Germany

• 1987- Delivery for ZF S6-36 Gears & Shafts to Ashok Leyland Ltd. and ZFAG, Germany. 

• 1987- Start of Assembly of ZF S5-24 Gear Boxes for Ashok Leyland. 

• 1988- Start of business with DANA CORPORATION, USA 

• 1994- BGL receives ISO 9002 

• 1996- BGL crosses turnover of Rs. 1 Billion. 

• 1998- Foundation Stone for Faridabad Plant Laid 

• 2000- Start of Commercial Production in Faridabad 

• 2000- BGL receives SQ 9000 for Mumbra Plant 

• 2001- BGL receives SQ 9000 for Faridabad Plant 

• 2004- BGL Faridabad starts supply to Toyota Kirloskar Auto Parts 

• 2004- BGL Faridabad receives ISO 14001 certification 

• 2005- BGL Faridabad & Mumbra receives TS 16949 certification 

• 2008- Introduction of Dry Cut Hobbing process 

• 2009- Introduction of Klinglenberg Close Loop CNC Gear Measuring system 

• 2010- Introduction of Bevel Gear dry cutting process with close loop technology 

• 2011 - BGL Faridabad Receives OHSAS 18001 Certification


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Market Cap	178 Cr	ROE	11.8%
P/E Ratio(TTM)	189.3	EPS(TTM)	0.0
P/B Ratio	1.5	Dividend Yield	0.0%
Industry P/E	52.5	Book Value	76.8
		Face Value	10.0

Fundamentals