Pune: Fortuna Engineering has entered into a strategic partnership with Bharat Forge Limited (BFL). BFL announced the acquisition of a 30% stake in Fortuna at an equity value of ₹129.60 crore, subject to final closing adjustments.
Founded in 1989, Fortuna Engineering is a leading manufacturer of precision-machined engine components catering to automotive and industrial applications in India.
Fortuna Engineering serves major automotive OEMs across multiple segments, including passenger vehicles, commercial vehicles, tractors, and off-highway applications, positioning itself as a key player in the domestic manufacturing ecosystem.
The strategic investment in Fortuna Engineering reflects Bharat Forge’s continued focus on strengthening its capabilities and expanding its footprint in the precision engineering and automotive components sector.
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Fortuna Engineering Expected to Leverage Bharat Forge’s Scale and Industry Expertise to Unlock New Growth Opportunities
Amit Kalyani, Vice Chairman and Joint Managing Director, Bharat Forge Limited, said: “We are pleased to enter into this partnership with Fortuna, a leading supplier of machined components for a wide range of applications in India.
We are impressed by the company’s capabilities, operating track record and reputation in the market. We look forward to working closely with the promoters and management team of Fortuna to scale the business further and build on the significant opportunities ahead.”
Fortuna Engineering’s leadership also highlighted the strategic importance of this collaboration in driving future growth and expanding its global presence.
Suriya Narayanan, Chairman and Managing Director, Fortuna Engineering Private Limited, said: “We are delighted to welcome Bharat Forge as a strategic partner in Fortuna’s growth journey. This partnership is a significant milestone for us and a strong enabler for our next phase of growth across new products, new customers and new geographies.
We see this partnership as a powerful opportunity to strengthen our contribution to the ‘Make in India’ vision by building world-class capabilities in India for global requirements. With Bharat Forge’s experience, scale and strategic strength, we believe Fortuna is well positioned to pursue the next wave of stellar growth opportunities in India and international markets.”
The partnership is expected to further strengthen Fortuna Engineering’s capabilities in delivering high-quality precision components while expanding its reach across global markets.
The transaction involving Fortuna Engineering remains subject to the satisfaction of customary conditions precedent and other applicable approvals.
