As of September 2025, 78.52% is owned by Indian Promoters and 21.48% by Public.

Institutional holds 19.05% (Insurance Companies 0.22%) and Non-Institutional holds 2.45% as Public shareholders.

Top five Promoters holding highest number of shares of Happy Forgings company are Paritosh Kumar (380.47 lakhs shares / 40.34%), Ashish Garg (129.46 lakhs shares / 13.73%), Ayush Capital And Financial Services P Ltd (107.45 lakhs shares / 11.39%), Paritosh Kumar (89.50 lakhs shares / 9.49%) and Megha Garg (24.20 lakhs shares / 2.57%).