MIT engineer Baba Kalyani's Bharat Forge was founded by his father in 1966 and is best known for making auto parts, manufacturing components for sectors such as aerospace and oil and gas. Bharat Forge is the flagship of the $2.5 billion Kalyani Group. The company enjoyed a global presence with manufacturing units in India, US, Germany, Sweden and China. With an eye on the North American car market, Kalyani is investing $55 million in an aluminium forging factory in Tennessee in the US. Kalyani has a collaboration with Israel Aerospace Industries to make air defense systems.