Happy Forgings - About the company
Happy Forgings is a public company based in Ludhiana (India), founded in 1973 by Paritosh Kumar Garg. It operates as a Manufacturer and supplier of drive transmission components. Happy Forgings has raised $29.2M in funding from investors like Ayush Capital And Financial Services, Ayush Capital and Financial and Motilal Oswal Private Equity. The company has 581 active competitors, including 6 funded and 83 that have exited. Its top competitors include companies like Dana, Linamar and Gates.
Company Details
Manufacturer and supplier of drive transmission components. The company manufactures a diverse portfolio of products including crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, pinion shafts, suspension products, and valve bodies for non-automotive sectors such as farm equipment, off-highway vehicles, oil and gas, power generation, railways, and wind turbines.
- Website
- happyforgingsltd.com
- Email ID
- *****@happyforgingsltd.com
- Phone Number
- +91 **********
- Registered Address
- BXXIX, 2254/1, KANGANWAL ROAD, P.O. JUGIANA, LUDHIANA, Sanehwal, Ludhiana, Ludhiana, Punjab, India, 141120
Key Metrics
Founded Year
1973
Location
Ludhiana, India
Stage
Public
Total Funding
$29.2M in 3 rounds
Latest Funding Round
Investors
Ranked
11th among 581 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2025
Employee Count
10 - 49 as on Mar 01, 2026
Investment & Acquisitions
Exit Details
Public
Legal entities associated with Happy Forgings
Happy Forgings is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Happy Forgings Limited CIN: L28910PB1979PLC004008 , India, Active | Jul 02, 1979 | ₹1,000+ Cr (As on Mar 31, 2025) | 20 (As on Jan 31, 2025) |
Happy Forgings's IPO details
Happy Forgings got listed on Dec 27, 2023.
Click here to take a look at Happy Forgings's IPO in detail
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Happy Forgings's funding and investors
Happy Forgings has raised a total funding of $29.2M over 3 rounds. Its first funding round was on Jan 28, 2011. Its latest funding round was a PE round on Sep 15, 2018 for $*****. 1 investor participated in its latest round. Happy Forgings has 3 institutional investors and 13 angel investors.
Here is the list of recent funding rounds of Happy Forgings:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 15, 2018 | 5748939 | PE | 7490652 | 9496184 | 7390867 | 7695475 |
Mar 28, 2013 | 2143332 | Unattributed | 2778008 | 2940149 | 8884941 | 8878353 |
Jan 28, 2011 | 5837312 | Unattributed | 9484113 | 8049429 |
Access funding benchmarks and valuations. Sign up today!View details of Happy Forgings's funding rounds and investors
Happy Forgings' founders and board of directors
Founder? Claim ProfileThe founders of Happy Forgings is Paritosh Kumar Garg. Narinder Juneja and N S Juneja are the CEOs of Happy Forgings.
Here are the details of Happy Forgings' key team members:
- Paritosh Kumar Garg: Founder & Managing Director of Happy Forgings. They are also an angel investor in 1 startup and serve on the board of 1 company.
Happy Forgings' Board of Directors
Happy Forgings's board has 9 active members. Paritosh Kumar Garg, Ashish Garg and N S Juneja are part of team and Nitin Agarwal, Megha Garg, Ravindra Pisharody, Satish Sekhri, Suman Garg and Vikas Giya are independent board members.Here is the list of Happy Forgings' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 14y 2m | |
Team | - | Current | 10y 9m | |
nxhcsxd | Team | - | Current | 1y 2m |
Independent board member | - | Current | 11y 5m | |
elfnwgs | Independent board member | - | Current | 7y 5m |
tjdepfv | Independent board member | - | Current | 6y 5m |
kvjzpve | Independent board member | - | Current | 1y 7m |
ipsgwco | Independent board member | - | Past | 4y 3m |
actu{bx | Independent board member | - | Past | 3y 3m |
kn{wjuf | Independent board member | - | Past | 7y 6m |
gun{dwi | Independent board member | - | Past | 3y 5m |
View details of Happy Forgings's Founder profiles and Board Members
Happy Forgings' employee count trend
Happy Forgings has 10 - 49 employees as of Mar 26. Here is Happy Forgings's employee count trend over the years:
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Happy Forgings's Competitors and alternates
Top competitors of Happy Forgings include Dana, Linamar and Gates. Here is the list of Top 10 competitors of Happy Forgings, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Dana 1904, Maumee (United States), Acquired | Supplier of electrified light-vehicle driveline technologies and components | - | 67/100 | |
2nd | Manufacturer and supplier of motor vehicle parts and agricultural vehicle parts | - | 66/100 | ||
3rd |  Gates 1911, Denver (United States), Public | Manufacturer and supplier of transmission components to the aftermarket | - | 64/100 | |
4th | Sona Comstar 1995, Gurugram (India), Public | Provider of design & development of electrical powertrain systems for automotive applications | - | 60/100 | |
5th | Manufacturer and supplier of powertrain components | - | 57/100 | ||
6th |  Divgi TorqTransfer Systems 1995, Pune (India), Public | Manufacturer & supplier of automotive transmission systems to OEMs | $19.4M | 57/100 | |
7th |  Stewart and Stevenson 1902, Houston (United States), Acquired | Provider of website and membership management solutions for sports clubs | - | - | 55/100 |
8th | Manufacturer of electric vehicle powertrains and high-efficiency synchronous industrial motors | $17.6M | 55/100 | ||
9th |  Toyota Kirloskar Auto Parts 2004, Bengaluru (India), Unfunded | Manufacturer and supplier of powertrain components | - | - | 51/100 |
10th | Cloyes 1921, Fort Smith (United States), Acquired | Timing drive systems and gear parts for automobile manufacturers | - | 50/100 | |
11th |  Happy Forgings 1973, Ludhiana (India), Public | Manufacturer and supplier of drive transmission components | $29.2M | 51/100 |
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Happy Forgings's Latest cap tables and shareholding
Founders (largest shareholder) own 63.09%, Funds own 8.54%, Enterprises own 12.45% and Other People own 15.91%. The net worth of Happy Forgings's founders is INR 1,030Cr as of Sep 15, 2018.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 63.09% | 1,030Cr | 8094302 | 4192269 | 2128697 | 7619594 |
9794350 | 3956229 | 2103816 | 7358843 | 6560070 | 9964604 | |
Fund | 8.54% | 140Cr | 6891808 | 6834401 | 9978163 | 2448727 |
Enterprise | 12.45% | 204Cr | 9786183 | 8437736 | 4729829 | 7746244 |
Other People | 15.91% | 261Cr | 9631493 | 8935052 | 8015702 | 7147597 |
Total | 99.99% | 1,640Cr | 8474945 | 5750438 | 2826255 | 6885203 |
To unlock detailed Cap Table of Happy Forgings Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Happy Forgings's Shareholding
Happy Forgings's Investments and acquisitions
Happy Forgings has a total of 1 investment in Zepto. Happy Forgings has not made any acquisitions as of now.Reports related to Happy Forgings
Here is the latest report on Happy Forgings's sector:
News related to Happy Forgings
Filter this list•
Happy Forgings Consolidated December 2024 Net Sales at Rs 354.32 crore, up 3.61% Y-o-YMoneycontrol•Feb 20, 2025•Happy Forgings
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Happy Forgings plans ₹1,000 crore capex over the next three yearsCNBC-TV18•Jan 07, 2025•Happy Forgings
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Happy Forgings invests Rs. 650 crore to expand heavyweight component production.Businessnewsthisweek•Jan 06, 2025•Happy Forgings
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Quick Commerce Startup Zepto Turns Most Funded Indian Company in 3 YrsStartup Pedia•Nov 23, 2024•Motilal Oswal Financial Services, Mankind, RP-Sanjiv Goenka Group, Haldiram and 16 others
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Zepto raises additional $350M, its third funding round in 6 months as it expands rapidlyYourStory•Nov 22, 2024•Motilal Oswal Private Wealth, Mankind, RP-Sanjiv Goenka Group, Cello and 9 others
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Happy Forgings Standalone June 2024 Net Sales at Rs 341.47 crore, up 3.53% Y-o-YMoneycontrol•Aug 12, 2024•Happy Forgings
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Happy Forgings IPO Allotment: How To Check Application Status? Check HereIndia.com•Dec 22, 2023•Happy Forgings, Eastbridge Group, White Oak, Janchor Partners and 23 others
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Happy Forgings files draft papers with Sebi to raise funds through IPOMoneycontrol•Aug 15, 2023•Happy Forgings, JM Financial, Axis Capital, Equirus Capital and 1 other
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