Ahmednagar Forgings Limited (AFL) was incorporated in 1976 and is now part of the Delhi based Amtek Group after it was acquired by the Amtek Group during 2003. Amtek Auto Limited holds 51% equity stake in AFL thereby making it a subsidiary. AFL manufactures various forged products like connecting rods, gear blanks, shafts, transmission components, flanges, hubs and supplies to OEMs in all major segments i.e. two-wheeler, passenger cars, tractors and commercial vehicles. AFL also supplies its products to other applications such as locomotives, stationary engines and earthmoving equipments.

AFL is the largest forging manufacturer in small and medium component segment having an installed capacity of 90,000 T.P.A. AFL has its manufacturing facilities located at three locations Ahmednagar, Kuruli (Pune) and Chakan (Pune).