Happy Forgings 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.

The company is the fourth largest engineering led manufacturer of complex and safety critical, heavy forged and high precision machined components in India as of Fiscal 2023 in terms of forgings capacity. The company, through its vertically integrated operations, is engaged in engineering, process design, testing, manufacturing, and supply of a variety of components that are both margin accretive and value-additive. It primarily caters to domestic and global original equipment manufacturers (OEMs) manufacturing commercial vehicles in the automotive sector, while in the non-automotive sector, it caters to manufacturers of farm equipment, off-highway vehicles and manufacturers of industrial equipment and machinery for oil and gas, power generation, railways and wind turbine industries.

With many years of experience of manufacturing and supplying quality and complex components according to customers specifications, it has emerged as a leading player in the domestic crankshaft manufacturing industry with the second largest production capacity for commercial vehicle and high horse-power industrial crankshafts in India. Its focus on producing margin accretive value-added products has led to its transition from being a forging led business to a machined components manufacture. It manufactures a wide range of heavy forged and machined products which include crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, pinion shafts, suspension products and valve bodies across industries for a diversified base of customers.

Business area of the company 

The company is principally engaged in manufacturing of forgings and related components. It primarily caters to domestic and global original equipment manufacturers (OEMs) manufacturing commercial vehicles in the automotive sector, while in the non-automotive sector, it caters to manufacturers of farm equipment, off-highway vehicles and manufacturers of industrial equipment and machinery for oil and gas, power generation, railways and wind turbine industries

Products of the company

• Crankshafts
• Front axle beams 
• Steering knuckles 
• Differential cases 
• Transmission parts 
• Pinion shafts 
• Suspension products 
• Valve bodies

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.

History and milestones

• 1979: Incorporation of the Company.
• 1995: Purchased heavy duty hammers for manufacturing at Kanganwal Facility II.
• 2006: Commencement of operations at Kanganwal Facility I.
• 2007: The revenue from operations of the Company crossed Rs 1,000 million.
• 2008: Commissioned its first 8,000 ton forging press.
• 2009: Commencement of manufacturing front steering parts by procuring axle arms.
• 2009: Installed model grinding technology used to manufacture four cylinder and six cylinder crankshafts.
• 2011: Ventured into new industries i.e. commercial vehicles, farm equipments and industrial equipments.
• 2017: Commissioned its second 8,000 ton forging press.
• 2018: Fund raised from India Business Excellence Fund-III.
• 2018: The revenue from operations of the Company crossed Rs 500 crore
• 2019: Forayed into a new sector by manufacturing pinion shaft to cater to the manufacturers in the wind turbine industry.
• 2021: Installed its third 8,000 ton forging press line.
• 2021: Commencement of its operations at the Dugri Facility.
• 2022: Commencement of sale of front axle beam for electric buses to one of its customers catering in the commercial vehicle industry
• 2022: Its long term bank facilities were assigned ‘AA-(Stable)’rating each from CRISIL Ratings and ICRA Limited.
• 2022: Commissioned its first 14,000 ton forging press line.
• 2022: Installed eight dedicated lines for manufacturing crankshafts.