### **Overview** Him Teknoforge Limited (HTL), formerly known as Gujarat Automotive Gears Limited, is a leading Indian manufacturer of precision-forged and machined components for automotive, agricultural, defense, railway, and industrial applications. Established in **1981** in Baddi, Himachal Pradesh, the company operates as the flagship entity of the **Him Group** and has evolved into a Tier 1 supplier to major domestic and international OEMs. HTL specializes in **gears, shafts, axles, spider kits, PTO assemblies, and other critical drivetrain components** used in tractors, commercial vehicles, off-highway equipment, electric vehicles, and defense platforms. It serves both OEM and replacement markets, with a growing emphasis on global exports and advanced technology adoption. --- ### **Key Facts & Operations** - **Founder & Leadership**: - Founded by **Mr. Vijay Aggarwal**, who brings over **four decades of experience** in the auto components sector. - **Rajiv Aggarwal**, CA and Director since 1992, oversees financial, legal, and tax matters, contributing to strong corporate governance. - **Manufacturing Footprint**: - Operates **six advanced manufacturing facilities** across India: - **Baddi (Himachal Pradesh)** – Flagship forging and machining unit - **Pithampur (Madhya Pradesh)** – Forging and machining - **Vadodara (Gujarat)** – Export-focused plant established in 2019 - **Pantnagar (Uttarakhand)** - One dedicated export unit in **Faridabad (FBD)** - Facilities are strategically located in North, Central, and Western India to serve pan-India and international markets efficiently. - **Production Capacity**: - **40,000 MT/year** of forgings - Approx. **5 million machined components annually** - Monthly output: ~**3,000 MT forgings**, >350,000 finished components - Manpura plant produces ~1,700 MT of forgings/month using warm and precision forging technologies - **Technological Capabilities**: - In-house **vertical integration** from raw material sourcing to forging, heat treatment, CNC machining, and final testing - Installed **1,600-tonne and 1,000-tonne CNC screw presses** for warm forging — a rare capability among Indian peers - Advanced equipment includes: - Mazak VMC 5-axis machines - Burri gear grinding systems - Sealed quench furnaces - Automated ultrasonic washing systems - CNC gear testers and 3D scanning machines - **Certifications**: - **IATF 16949:2016** (Automotive Quality Management) - **ISO 9001:2015** - Recognized as a **preferred supplier** by Ashok Leyland; won **Best Supplier Award** from Eicher Tractors - **Market Listing**: - Acquired Gujarat Automotive Gears Ltd. (a BSE-listed company) in 2008 - Became publicly listed via **reverse merger on BSE in 2016** --- ### **Product Portfolio** - **Core Products**: - Gears (bevel, spur, crown wheels, pinions) - Shafts (spindle, spline, propeller) - Axles (rear, front, e-axles) - Spider kits, PTO assemblies, couplings, levers - Transmission components for CVs, tractors, and off-road vehicles - **Specialized Offerings**: - **Warm-forged bevel gear assemblies** used in tractors, rotavators, and commercial vehicles - **Track Chain Assemblies** supplied to Indian Defense for BMP II armored vehicles (supplier for over 15 years) - **Machined castings and cartridges** for material handling and heavy vehicles (export focus) - Components for **electric mobility**: e-axles, motor housings, drive units - **Brands in Replacement Market**: - **KAG** and **Allied Panther** – strong presence in gears and shafts aftermarket in India --- ### **Customers & Markets** - **Domestic OEMs**: - Mahindra & Mahindra - Ashok Leyland - Eicher Motors - Sonalika Tractors - Bharat Gears Limited - Brakes India Private Limited - **Export Reach**: - Supplies to over **20 countries**, including: - USA, UK, Germany, Australia - Southeast Asia, Middle East, Europe - Focus on **Western Europe and North America** for high-precision export components - Export-oriented facility in Vadodara enhances global delivery capabilities - **Diversified Sectors**: - Agriculture machinery (tractors, rotavators) - Commercial & off-road vehicles - Railways, defense, construction equipment - Electric mobility (e-rickshaws, e-loaders launched in 2018) --- ### **Strategic Outlook (as of Aug 2025)** Him Teknoforge is strategically focused on: - **Value chain expansion** through development of sub-assemblies and integrated components - **Product innovation** in EV-compatible forged parts - **Export-led growth**, aiming to increase international revenue share - **Operational excellence** via machine retrofitting, process optimization, and talent development - **Diversification beyond automotive** into industrial and defense applications Despite external challenges, the company maintains a **strong OEM relationship base**, **technological edge**, and **robust manufacturing infrastructure** — positioning it well to capitalize on structural growth trends in Indian and global auto components markets. ---