L G Balakrishnan & Bros Ltd (LGB) stands as one of India’s most trusted names in the automotive components industry. With a turnover of around USD 275 million, the company has built its reputation on precision engineering, innovation, and quality manufacturing.
LGB operates 27 advanced manufacturing plants across India and has also expanded its global footprint with a plant in Michigan, USA. The company is well known for its extensive range of products — including automotive and industrial chains, sprockets, tensioners, fine blanking components, forged and precision-machined parts, rubber components, and engine sub-assemblies.
LGB’s expertise lies in its Fine Blanking Division, equipped with 29 presses ranging from 100 tons to 1000 tons. The company can manufacture parts with thicknesses between 1.2 mm and 12 mm, ensuring versatility across multiple industrial and automotive applications.
Its in-house processes include:
- Welding: Plasma, MIG, TIG, Spot, and Robo welding.
- Surface Coating & Plating: Zinc, Nickel, PTFE, and MoS₂ coatings with precision finishes.
- Heat Treatment: Carbo nitriding, case carburizing, and induction hardening for strength and durability.
- Moulding: Both plastic and rubber over-moulding, adding versatility to its manufacturing capabilities.
Additionally, the company’s sub-assembly and plating capabilities allow it to deliver complete, ready-to-use components to clients, enhancing efficiency and reducing supply chain complexity.
Business overview
Founded in 1937, L.G. Balakrishnan & Bros Ltd (LGB) stands as one of India’s most reputed engineering companies, known for precision manufacturing and innovation in automotive components. With a turnover of around USD 275 million, the company has built a strong presence across domestic and international markets.
LGB operates 27 manufacturing plants in India and one in Michigan, USA, catering to a wide spectrum of industries including automotive, industrial machinery, and engineering systems. The company’s extensive reach spans over 30 countries, supported by warehouses in India, Germany, France, and the USA — reflecting a well-established global supply network.
Product Portfolio
LGB is recognized for its wide range of high-quality products that form the backbone of motion and transmission systems.
Its offerings include:
- Automotive & Industrial Chains
- Timing and Drive Chains
- Sprockets
- Tensioners and Guides
- Fine Blanking Components
- Forging and Machined Parts
- Rubber Products
- Engine Assemblies and Sub-Assemblies
These products are critical components in both two-wheelers and four-wheelers, ensuring efficiency, safety, and durability.
Core Capabilities and Processes
LGB has evolved into a full-service manufacturing partner with deep technical expertise. Its Fine Blanking Division handles material thicknesses from 1.2 mm to 12 mm, supported by 29 high-tonnage presses (100 to 1000 tons).
The company’s special processes further strengthen its product quality and reliability, including:
- Welding: Plasma, MIG, TIG, Spot, Rotary, and Robotic Welding
- Surface Coating & Plating: Zinc/Nickel Plating, Molybdenum & MoS₂ Coating, Manganese Phosphating, PTFE Coating
- Heat Treatment: Carbo-nitriding, Induction Hardening, Through Hardening, and Liquid Nitriding
- Moulding: Plastic and Rubber Over-Moulding for specialized component applications
These capabilities enable LGB to serve OEMs with complex and high-precision requirements, maintaining global standards of quality.
Diverse Vehicle Segments
LGB’s products cater to a variety of automotive segments:
- Two-Wheelers: Engine sprockets, drive gears, speed sensors, clutch holders, and rear sprockets.
- Passenger Vehicles: Transmission and engine parts, seating and door components, gear shift systems, and braking components.
- Commercial Vehicles: Clutch discs, shift levers, bearing plates, and brake system parts — ensuring long life and performance under heavy-duty conditions.
This diversified product application makes LGB an integral partner to many leading automotive manufacturers across the world.
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Global Footprint
With a manufacturing base in India and the USA and warehouses in Germany, France, and the U.S., LGB’s customer network covers over 30 countries. Its global presence allows the company to provide just-in-time delivery and strong technical support to OEMs and aftermarket clients alike.
The company’s total revenue from operations rose to ₹2,57,828.74 lakhs, up from ₹2,34,604.59 lakhs in the previous year — a healthy growth supported by robust sales in its core business divisions.
- Sale of Products contributed ₹2,40,397.56 lakhs, marking an increase from ₹2,19,188.42 lakhs last year.
- Sale of Services grew significantly to ₹1,539.83 lakhs, from ₹311.21 lakhs, reflecting improved service-based offerings and customer engagement.
- Other Operating Revenue, including scrap sales (₹15,431.08 lakhs) and export incentives (₹460.27 lakhs), added further to operational strength.
Revenue from major segments was led by:
- Transmission Products – ₹1,85,929.78 lakhs
- Metal Forming Division – ₹54,467.78 lakhs
Together, these segments continue to be LGB’s growth drivers, supported by rising demand in the automobile and industrial markets.
In addition, Other Income rose to ₹5,522.80 lakhs from ₹4,942.60 lakhs, primarily driven by:
- Interest Income of ₹4,839.56 lakhs
- Dividend Income of ₹50.14 lakhs
- Foreign currency gains of ₹448.51 lakhs
The increase in both operational and non-operational income indicates strong financial management, efficient asset utilization, and steady global business expansion.
Expenses overview
L.G. Balakrishnan & Bros Ltd reported a notable rise in expenses for FY2024–25, reflecting higher production activity and business expansion. The cost of materials consumed increased to ₹1,15,485.09 lakhs from ₹1,05,162.81 lakhs, supported by strong purchases worth ₹1,16,113 lakhs. Inventories of finished goods and work-in-progress also grew to ₹26,762.72 lakhs, showing a buildup to meet future demand. Employee expenses rose to ₹42,671.49 lakhs, highlighting workforce growth and inflation impact.
Other expenses climbed to ₹60,783.71 lakhs from ₹52,180.21 lakhs, mainly due to higher power and fuel costs, processing charges, freight, and marketing spends. CSR expenditure and bank charges also saw an uptick, reflecting broader operations. Interestingly, small entries for bad debts and asset write-offs appeared, suggesting a cleanup in accounts. Overall, the numbers depict an expanding company managing costs effectively while scaling up its operations and maintaining production momentum.
Future Outlook of L.G. Balakrishnan & Bros Ltd
Looking ahead, L.G. Balakrishnan & Bros Ltd (LGB) seems well-prepared for steady growth. With India’s manufacturing and automotive sectors expanding, the company is in a good position to benefit from rising demand for high-quality industrial and transmission products. Its long experience in precision engineering gives it an advantage as the industry moves toward advanced and more efficient technologies.
The shift toward electric vehicles (EVs) is creating new possibilities. While the EV market brings its own challenges, it also opens fresh opportunities for LGB to develop lighter, stronger, and more durable components. The company’s ongoing investments in automation, technology, and innovation show that it’s ready to adapt to these changes.
LGB’s focus on customer trust, product reliability, and operational efficiency will continue to strengthen its presence both in India and overseas. Even though global uncertainties such as trade tensions or economic slowdowns may cause short-term disruptions, LGB’s diversified business model and strong “ROLON” brand give it the resilience to handle challenges and keep moving forward with confidence.