Him Teknoforge manufactures forged and machined components for the agri‑machinery, automobile and engineering sectors. The company supplies major OEM clients including Mahindra & Mahindra, Escorts Ltd and Ashok Leyland. Management plans modernization, technology upgradation and expansion at its existing plant in Baddi and at units in Pithampur and Uttarakhand to meet customer demand. Proposed capex will fund additional plant, machinery and tools to help the company achieve full capacities, enhance product value and branding, and increase business from existing and new customers. The article notes the forging industry is estimated at more than USD 3 billion, with roughly 20–25% attributed to exports. Him Teknoforge is also targeting an IPO in the next 2–3 years to fund its expansion plans.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2016