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Happy Forgings Ltd
B-29-2254/1
Kanganwal Road, P. O Jugiana
Phone: +91 1615000551p:+91 1615000551 LUDHIANA, 141120  India Ticker: HAPPYFORGEHAPPYFORGE
Business Summary
Happy Forgings Limited is an India-based manufacturer of complex, safety-critical, heavy forged and precision-machined components. The Company is an engineering-led manufacturer of such components in India by forging capacity. Its vertically integrated capabilities include engineering, process design, testing, forging and machining within a unified system. It serves domestic and global original equipment manufacturers (OEMs) across the commercial vehicle segment, alongside farm equipment and off-highway vehicles, while participating selectively in industrial sectors such as power generation, wind energy, oil and gas and railways. Its portfolio centers on complex, high-precision, value-added components designed for high-performance and reliability. Its product portfolio includes Crankshaft, Axle Components, Suspension Products, Differential Case, Output Shaft, Planetary Carriers, Piston Pin, Connecting Rod, Brake Flange, Pinion, and Crown Wheel.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/20263/31/2026Yes----

Industries
SIC Code Description
3462 Iron and steel forgings
3714 Motor vehicle parts and accessories
3743 Railroad equipment

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, Managing Director ParitoshKumar 69 4/11/2023 4/11/2018
Chief Executive Officer, Chief Operating Officer, Executive Director Narinder J.Singh 71 2/8/2025 10/1/2022
Chief Financial Officer Pankaj K.Goyal 5/27/2019 5/27/2019
7 additional Officers and Directors records available in full report.

General Information
Number of Employees: 3,514 (As of 3/31/2026)
Outstanding Shares: 94,350,461 (As of 3/31/2026)
Shareholders: 58,199
Stock Exchange: NSE


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Sunday, August 16, 2026