Ramkrishna Forgings has entered into a transformative consultancy agreement with McKinsey, a global management consulting firm. This partnership marks a significant milestone for the Company, signaling its commitment to elevating operational efficiency and sustaining long-term growth.

Under this consultancy agreement, McKinsey will spearhead a comprehensive 15-month transformation program that spans across crucial facets of the Company's operations. The focus areas include Manufacturing, Logistics, Procurement, Manpower, Inventory, Pricing, and more.

The strategic collaboration aims to streamline processes, enhance capabilities, and implement cutting-edge digital systems to ensure sustained success and drive margin improvement. The kickoff for this transformative program took place in Jamshedpur on 09 January 2024.