India’s forgings manufacturer SAF targets 15% growth in FY17

<p>Chennai based Super Auto Forge, a pioneer in forging of ferrous and non-ferrous materials like aluminium and copper, is hoping to cross INR500 crore with a growth of up to 15% by the end of this financial year. The company has three production facilities in Chennai, with a capacity of 2,000 tonnes of steel and 300 tonnes of aluminium per month.<br /><br />Muralishankar Sambasivam, Joint Managing Director of Super Auto Forge said, &ldquo;&ldquo;In the last financial year, our turnover was Rs 440 crore. This year, we are targeting to cross INR500 crore. We are eyeing 15-20% growth for the current fiscal, and looking for similar growth in the next financial year.&rdquo;<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/forge.jpg" alt="News" width="517" height="226" /><br />He further stated, &ldquo;From past three years, we are investing INR40-50 crore every year in new equipment, and in modernising our plants. We are a debt-free company.&rdquo; <br /><br />The company enjoys over 90% market share in India for certain product range. "In terms of cold and warm forging, we are number one in India,&rdquo; he claimed.<br /><br />&ldquo;In India, the major customers are GKN, Brakes India, Hyundai Wia, Nexteer and Mando. We also cater 10% of our sales to non-automotive firms like GE and Alstom, among others. The company spends close to 5% of its revenues on R&amp;D annually,&rdquo; Sambasivam added.<br /><br />{googleAdsense}<br /><br />&ldquo;For the global market, we have a niche product line-up. We make safety-critical parts like suspension ball pins and ball joints, and master cylinder pistons &mdash; both of aluminium and steel. We also do transmission part for all cars and trucks,&rdquo; Sambasivam said.<br /><br />SAF has invested $3 million on 44- diameter six station parts, purchased from a European manufacturer.</p>