Kalyani Forge plans to invest an amount of Rs 200 crore over the next five years in order to upgrade its manufacturing facilities and bring in new techonologies.
The company, which has three manufacturing sites in Pune, is looking to increase revenue from exports to around 40 per cent of the total revenues from the present 25-30 per cent.
At present, the company gets a revenue of 70 per cent from auto component verticals. It is also betting on segments like mining, infrastructure and construction to push growth over the next five years.
The company, which supplies ready-to-assemble products to these industries, aims to achieve a three-fold rise in revenues at Rs 150 crore in the next three to five years.
Last fiscal, Kalyani Forge recorded a revenue of Rs 210 crore.