The automotive components industry is a vital pillar of global manufacturing, and in India, it is rapidly advancing with growing demand for high-quality, cost-effective solutions. HIM Teknoforge is a key player in this space, with over five decades of experience. Founded in 1981 by Vijay Agarwal as a forging supplier to Eicher Tractors, the company has evolved into a diversified engineering powerhouse, serving automotive, defense, commercial vehicle, railways, material handling, and electric vehicle sectors. The company expanded into machining in the mid-1990s and entered the defense sector in 2002 by developing indigenous track chains for armored vehicles. Today, it is a crucial partner in India’s first locally built tank project with Tata Advanced Systems.
Overcoming Challenges
HIM Teknoforge’s resilience is evident in its ability to navigate industry-wide downturns, such as the economic slump in the late 1980s and the disruption caused by COVID-19. With strong backing from financial institutions, loyal customers, and swift internal action, the company saw nearly double-digit growth even during the 2020 pandemic.
One of the key challenges has been the shortage of a skilled workforce, particularly in Himachal Pradesh, where the local vendor ecosystem is not as developed as regions like Pune or NCR. Instead of relying on external vendors, the company turned this challenge into an opportunity by building robust in-house capabilities.
"Every challenge is an opportunity—our growth is built on customer trust, in-house excellence, and a relentless drive to deliver quality at global standards," states Mrinal Aggarwal, CEO at HIM Teknoforge.
Carving a Niche
HIM Teknoforge differentiates itself through its broad product portfolio and unmatched flexibility. The company offers everything from raw forgings and CNC blanks to complex transmission gears, suspension parts, steering components, and forged bevels.
While working with tier-one suppliers is known to be challenging, the company swiftly established a plant in Rudrapur through its sister concern, Globe Precision, to meet Ashok Leyland’s urgent requirement, thereby securing long-term business. This further led to longstanding partnerships with major OEMs like Mahindra, Tata, John Deere and Escorts.
Today, Him Teknoforge has entered a strategic joint venture with Borghi Assali SRL, by integrating its design and technological strengths to expand its presence in Indian and Asian markets to deliver high-value products to customers.
Sustainability and Technological Edge
All HIM Teknoforge units have been IITF certified for over a decade, demonstrating a long-standing commitment to quality. The plants in Baddi are now undergoing ISO 14001 certification to further strengthen their focus on environmental and safety standards. Over the past five years, even before COVID-19, the company has prioritized sustainability, significantly reducing its carbon footprint by powering 30-40 percent of its operations through captive rooftop solar plants at facilities in Pithampur, Baroda, and sister concern Globe Precision.
HIM Teknoforge has invested heavily in in-house processes that many competitors outsource, such as phosphating, powder coating, semi-automatic paint shops, automatic welding, fabrication, and laser cutting. These comprehensive capabilities ensure superior quality control and faster turnaround times.
The company leverages advanced in-house technology, including 3D scanning, reverse engineering, laser checking, ultrasonic washing, and electronic diameter checking. All forging plants use induction heaters and globally aligned high-tech presses. Recent upgrades include five-axis Mazak machines and German gear grinding equipment, enabling production of DIN 6/DIN 7 quality gears ideal for EV applications. These investments have significantly enhanced machining precision, strengthened manufacturing capabilities, and ensured consistent delivery of high-quality, on-time products that meet international standards.
The Future Roadmap
HIM Teknoforge is targeting ambitious growth, aiming to double its revenue to ₹800 crore in three to four years. It also plans to expand exports beyond ₹100 crore, pursue joint ventures and technical collaborations, and enhance EBITDA margins. Additionally, it is also scaling its electric three-wheeler portfolio and setting up a new advanced press shop in Central India.
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