Key Announcement
Kalyani Steels Limited announced the appointment of Mr. Amit Kalyani as Chairman of the Board, effective from October 29, 2026. This represents a planned leadership transition from Dr. Babasaheb Kalyani, who has chaired the Company since its incorporation.
Leadership Background
Mr. Amit Kalyani currently serves as Vice Chairman and Joint Managing Director of Bharat Forge Ltd. and has been closely associated with the Kalyani Group's businesses for over 25 years. He has led the Group's expansion into aerospace, defence, electric mobility and advanced materials.
Strategic Direction
Under the new leadership, the company plans to accelerate its journey in green steel, advanced materials and digitalised operations. The strategy includes deepening presence in strategic sectors and global markets, and setting new benchmarks for the Indian steel industry.
Historical Financial Performance
The disclosure highlights the company's growth trajectory, with Total Income rising from ₹19.2 crore in 1984 to ₹1,902 crore in FY 2025-26. The company has evolved from a captive supplier to Bharat Forge into a producer serving automotive, industrial and strategic sectors in India and global markets.
Continued Involvement
Dr. Babasaheb Kalyani will continue to offer his counsel to the Board, reinforcing the Group's vision of Nation Building through manufacturing excellence.
Business Overview
Kalyani Steels Limited, established in 1973, is a leading manufacturer of forging and engineering-quality carbon and alloy steels. The company produces rolled products, as-cast blooms and rounds, pig iron and foundry coke. Products serve demanding applications for the automotive industry, diesel engines, bearings, wind turbines, oil & gas, seamless tubes, aluminium smelting and railways.
Corporate Address
Kalyani Steels Limited, Corporate Building, 2nd Floor, Mundhwa, Pune – 411036, India