Happy Forgings, headquartered in Ludhiana, brings years of engineering distinction to the forging and machining landscape. Founded in 1979, the company has earned a reputation for manufacturing intricate, high-precision components that serve a breadth of industries. The company specialises in high-precision, heavy-duty, and safety-critical forged components. The company’s journey began with a solitary unit dedicated to producing bicycle pedals. Over the years, its dedication to excellence has led it to offer an extensive array of highprecision engineering solutions, including fully machined heavy crankshafts, pinion shafts, planetary carriers and valve bodies, among others. The company's products cater to diverse sectors such as heavy commercial vehicles, agricultural machinery, off-highway construction, oil and gas, power generation, railways, wind turbine industries and passenger vehicles. The company’s operations are vertically integrated, covering engineering, process design, testing, manufacturing, and supply, serving a broad spectrum of customers across industries. 

The company was incorporated as ‘Happy Forgings Private Limited’ at Jalandhar, Punjab as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated July 2, 1979, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Thereafter, the company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the EGM of its Shareholders held on March 31, 1998, and the name of the Company was changed to ‘Happy Forgings Limited’, and a fresh certificate of incorporation dated April 1, 1998, was issued to the company by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh.

Business area of the company 

The company is principally engaged in manufacturing of forgings and related components. The company’s portfolio caters to key sectors, including Commercial Vehicles, Passenger Vehicles, Agricultural and Off-Highway Equipment, Oil & Gas, Power Generation, Railways, and Wind Turbines. With vertically integrated manufacturing facilities located in Ludhiana, the company retains comprehensive oversight across its production lifecycle, ensuring superior quality and operational efficiency.

Products of the company

• Crankshafts
• Front Axle Components (Steering Knuckle, Front Axle Beam)
• Differential Case
• Suspension Products (Brake Flange, Suspension Brackets)
• Will Mill Application Products (Planetary Carrier, Pinion Shaft, Housing)
• Oil and Gas (Valve Body)
• Railway Parts (Bush, Connecting Rod and Camshafts)
• Transmission Parts (Shafts, Crown Wheel and Ring Gears)

Awards, accreditations or recognitions

• 2011: ‘Best in Class’ award by Oerlikon Drive Systems.
• 2012: ‘Development’ award by JCB India Limited.
• 2015: ‘Best Supplier (Forging)’award from a gear manufacturing company.
• 2016: ‘Overall Excellence in Cost Delivery and Quality’ award at Partners Meet 2016 organised by Escorts.
• 2016: ‘Proactive Cost Competitiveness’ award for the year 2015-16 at Supplier Summit 2016 organised by Ashok Leyland.
• 2017: ‘Outstanding Contribution in Overall Performance Excellence’ award from VE Commercial Vehicles, a joint venture of Volvo Group & Eicher Motors.
• 2017: ‘Sanjeevani Award’ by an engine manufacturing company.
• 2018: ‘Delivery Excellence’ award at the Meritor Europe Truck Supplier Day by Meritor.
• 2021: Received the IATF 16949:2016 accreditation for manufacturing of forged and machined components without product design responsibility and with the extended manufacturing site(s) for Kanganwal Facility I.
• 2021: Received the ISO 14001: 2015 accreditation for manufacture of forged and machined components Kanganwal Facility I. 
• 2021: Received the ISO 45001: 2018accreditation for manufacture of forged and machined components Kanganwal Facility I.
• 2022: ‘Excellence Award’ by Escorts Kubota Limited.
• 2022: Received the IATF 16949:2016 accreditation for manufacture of forged and machined components and excluding product design Dugri Facility.
• 2023: ‘Supplier Excellence Award’ for delivery performance at AAM (American Axle Manufacturing) India Supplier Event 2023.
• 2023: Award for Outstanding Contribution in Gear Business’ at the Annual Supplier Conference 2023 organised by Eicher Engineering Components, VE Commercial Vehicles.
• 2023: Received a certificate of appreciation for supplier agri machinery under ‘Business Excellence Process/Digitalisation’ by Escorts Kubota Limited
• 2023: Received the ISO 45001:2018 accreditation for manufacture of forged and machined components and excluding product design Dugri Facility.
• 2023: Received the ISO 14001:2015 accreditation for manufacture of forged and machined components and excluding product design Dugri Facility.
• 2024-25: Special Appreciation Award – Mahindra & Mahindra Supplier Excellence Awards
• 2024-25: Best Quality Award from Escorts Kubota
• 2024-25: Quality Performance Award from Ashok Leyland
• 2024-25: Supplier Excellence Award from American Axle & Manufacturing
• 2024-25: Next Level Quality Award from Genera

History and milestones

• 1979: Established a single unit for manufacturing bicycle crank arms.
• 1995: Commenced operations at Kanganwal Facility I.
• 2005: Installed heavy-duty hammers to begin producing oil engine parts and motor parts.
• 2006: Commenced operations at Kanganwal Facility II.
• 2007: Crossed Rs 100 crore in revenue
• 2008: Commissioned first 8,000 ton forging press.
• 2008: Installed model grinding technology for crankshaft manufacturing
• 2011-15: Ventured into new industries i.e. commercial vehicles, farm equipment and industrial equipment.
• 2017: Commissioned the second 8,000 ton forging press.
• 2018: Crossed Rs 500 crore in revenue.
• 2018: Secured funding through the financial sponsor route from the India Business Excellence Fund II
• 2021: Installed third 8,000 ton forging press line.
• 2021: Commencement of operations in Dugri Facility.
• 2022: Commissioned 14,000 ton forging press line.
• 2022: Installed eight dedicated crankshaft manufacturing lines 
• 2023: Successful IPO and Listing.
• 2023: Crossed Rs 1,000 crore in revenue
• 2024: Entry into Passenger Vehicle segment.
• 2025: Installed and began operations of the 6,300-tonne press along with expansion in machining capacity.