The Indian forging industry has emerged as a major contributor to the manufacturing sector of the Indian Economy, estimated at more than US$ 3 billion currently, and approximately 20-25 percent of the size of the forging industry is attributed to exports. HIM has a good, progressive management which will take the company to greater heights.

States Rajiv Aggarwal, Executive Director, HIM, "We have been looking for funds to expand/upgrade our operations to achieve the full capacities of the units and also to enhance the Product value/ branding besides increasing our share of business from the existing customers as well adding new Customers.".

He further adds that  "HIM is able to offer competitive prices due to its presence in excise-free zone at Baddi (HP) and proximity to major manufacturers of tractors and commercial vehicles  who constitute about 75 percent of the company's business ". The funds from CVFCL shall be deployed towards modernization/additional plant and machinery and tools & dies at its existing forging and machining units.

The company is planning an IPO sometime in the next 2-3 years.
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