By 2026, India will emerge as a global forging hub, supported by advanced manufacturing technologies, skilled manpower, export-oriented production, and strong domestic demand. India’s forging industry plays a vital role in strengthening the country’s manufacturing backbone. Forged components are widely used in automotive, aerospace, defense, railways, oil & gas, power generation, construction, and heavy engineering due to their superior mechanical strength, durability, and fatigue resistance.
However, sometimes it becomes challenging to find the right solution and brands for the forging process. To eliminate your hurdles, you can partner with Moglix to get reliable forging capabilities and solutions to fulfill the requirements of EPC companies. Moglix is a strategic partner for forging companies, OEMs, and MSMEs by digitizing and streamlining industrial purchasing. A One-stop platform for steel, alloy materials, cutting tools, safety equipment, power tools, and industrial consumables.
Below is a carefully curated list of the top 10 best forging companies in India, based on market presence, production capacity, technological capabilities, industry reach, and product quality.
List Of The Top 10 Forging Manufacturing Companies You Can Opt For In 2026
As per the ranking, reviews, and collected recent data, we have provided a complete list of top companies offering forging manufacturing solutions. You can opt for them based on your project requirement, or directly get in touch with Moglix to find all solution undr one roof.
1. Bharat Forge Ltd.
Bharat Forge Ltd. is India’s largest and most technologically advanced forging company, with a strong global footprint. It serves multiple sectors, including automotive, aerospace, defense, energy, railways, and construction equipment.
Key Features:
- World-class hot, warm, and cold forging facilities
- High-precision CNC machining and advanced metallurgy
- Strong focus on lightweight and high-strength components
- Global exports to OEMs across Europe, the USA, and Asia
Price Range:
Premium pricing due to advanced engineering, large component sizes, and global quality standards
2. Happy Forgings Ltd.
Happy Forgings has rapidly grown into one of India’s top precision forging manufacturers, specializing in heavy and critical components for automotive and industrial applications.
Key Features:
- Integrated forging and machining capabilities
- High-tonnage press lines for large components
- Strong presence in export markets
- Consistent quality with high production efficiency
Price Range:
Mid to premium pricing, depending on component complexity and order volume
3. Ramkrishna Forgings Ltd.
Ramkrishna Forgings is a diversified forging company serving automotive, railways, mining, oil & gas, and construction sectors. The company is known for its wide product range and scalable manufacturing.
Key Features:
- Capable of producing small to large forged parts
- Strong presence in the airways and infrastructure segment presence
- Advanced testing and quality assurance systems
- Expanding global customer base
Price Range:
Mid-range pricing with flexibility for bulk orders
4. MM Forgings Ltd.
Established with decades of industry experience, MM Forgings is a trusted name in automotive and general engineering forgings, particularly for export-oriented supply chains.
Key Features:
- Reliable large-scale production capabilities
- Focus on consistent dimensional accuracy
- Long-term OEM relationships
- Strong logistics and delivery performance
Price Range:
Competitive pricing, especially for high-volume production
5. ISGEC Heavy Engineering (Forging Division)
ISGEC’s forging division focuses on heavy industrial forgings used in power plants, oil & gas, pressure vessels, and industrial boilers.
Key Features:
- Heavy open-die forging expertise
- Large component manufacturing capability
- High-strength alloy and carbon steel processing
- Suitable for critical industrial applications
Price Range:
Premium pricing due to heavy-duty and customized forgings
6. Larsen & Toubro Heavy Forgings
L&T’s forging operations support high-value industrial and defense projects, supplying components for nuclear, defense, and heavy engineering applications.
Key Features:
- Precision heavy forgings with strict quality compliance
- Advanced material testing and inspection
- Defense and nuclear-grade manufacturing standards
- Integrated project execution capabilities
Price Range:
High-end pricing for specialized and safety-critical components
7. CIE Automotive India Ltd.
CIE Automotive India is a key supplier of forged and machined automotive components, working closely with domestic and global automobile manufacturers.
Key Features:
- High-volume automotive forging expertise
- Strong supply chain integration with OEMs
- Cost-efficient production models
- Focus on lightweight and fuel-efficient components
Price Range:
Cost-effective pricing suitable for automotive mass production
8. Metalyst Forgings Ltd.
Metalyst Forgings caters to automotive, agricultural machinery, and industrial equipment manufacturers with a focus on precision and consistency.
Key Features:
- Wide range of closed-die forgings
- Robust quality management systems
- Suitable for medium-scale industrial applications
- Reliable domestic market presence
Price Range:
Affordable to mid-range pricing
9. Ahmednagar Forgings Ltd.
Ahmednagar Forgings is known for integrated forging and machining services, supplying components to automotive, industrial, and export markets.
Key Features:
- Aluminium and steel forging capabilities
- End-to-end machining solutions
- Export-oriented production model
- Strong dimensional control and finish quality
Price Range:
Upper mid-range pricing with value-added services
10. Unique Forgings India Pvt. Ltd.
Unique Forgings India is a growing manufacturer specializing in closed-die and open-die forgings for automotive, railway, and material handling industries.
Key Features:
- Flexible batch sizes and customized solutions
- ISO and IATF-certified operations
- Focus on consistent metallurgical properties
- Ideal for SME and mid-scale buyers
Price Range:
Competitive SME-friendly pricing
Key Factors Driving India’s Forging Industry in 2026
Rising Automotive and EV Production
Forged components remain critical for axles, crankshafts, gears, and suspension parts, even in electric vehicles.
Defense and Infrastructure Growth
Government initiatives in defense manufacturing, railways, and infrastructure projects are boosting demand for heavy and precision forgings.
Technology Adoption
Automation, robotics, simulation-based die design, and real-time quality monitoring are improving efficiency and reducing wastage.
Export Opportunities
Indian forging companies are increasingly supplying to global OEMs due to competitive pricing and high manufacturing standards.
Forging Component Price Trends in 2026
Forging prices in India depend on:
- Raw material grade (carbon steel, alloy steel, stainless steel)
- Component weight and geometry
- Heat treatment and machining requirements
- Order volume and delivery timeline
Automotive forgings generally remain cost-efficient due to high volumes, while aerospace, defense, and heavy industrial forgings command premium prices.
Conclusion
The Indian forging industry in 2026 stands strong on the pillars of quality, scalability, innovation, and global competitiveness. From large multinational suppliers like Bharat Forge to agile precision players like Happy Forgings and Unique Forgings, India offers forging solutions across every industry segment.
Choosing the right forging company depends on your application, quality requirements, production volume, and budget, and the companies listed above represent the very best the Indian forging industry has to offer. However, for an easy and seamless forging process, you can partner with the Moglix business for a complete forging and fabrication solution in one place.
