Two forging firms celebrate golden jubilee

Two forging firms celebrate golden jubilee


Vidyashankar Krishnan, Chairman and Managing Director, MMFL said that the opportunities in the EV space will grow manifold in the next 7-10 years and we would like to be a part of this growth journey with our engineering excellence in the auto sector.

Vidyashankar Krishnan, Chairman and Managing Director, MMFL said that the opportunities in the EV space will grow manifold in the next 7-10 years and we would like to be a part of this growth journey with our engineering excellence in the auto sector. | Photo Credit: Bijoy Ghosh

Domestic companies MM Forgings Ltd (MMFL) and Super Auto Forge Pvt Ltd (SAF) are celebrating golden jubilee this year.

The year-long celebrations at MMFL began with the announcement of 1:1 bonus for shareholders in April, while Super Auto will be holding events at the end of July to mark the occasion.

Having tasted success in the last few years, both companies have many similarities and are gearing up to maintain the growth momentum. While MMFL has ventured into the emerging EV space, SAF continues to focus on the existing business.

“The opportunities in the EV space will grow manifold in the next 7-10 years and we would like to be a part of this growth journey with our engineering excellence in the auto sector,” Vidyashankar Krishnan, Chairman and Managing Director, MMFL said during an interaction.

Recently, MMFL has acquired an 88% stake in EV-start up Abhinav Rizel which manufactures e-motors, drives and powertrains. He said MMFL is exploring attractive investment and partnership opportunities to become a significant industry player in this emerging sector.

“EV adoption is slowing down in the West. We are going to focus on our existing business,” said S. Muralishankar, managing director of SAF.

MMFL is a leading manufacturer of closed die hot forgings, while SAF is one of the largest manufacturers of cold and warm forged components in India. Both are focused on export markets, with the former accounting for 50% of its revenues and the latter over 80%. Each of these firms has a revenue of around ₹1,600 crore.

Both are now headed by second-generation family members.


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