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Schaeffler India Ltd.

Schaeffler India

NSE

0.00

0.00 (0.00)%

Manufacturing

Mid-cap

With a market cap of ₹18.90L Cr.

Moderate Volatility
Stock is 1.13x as volatile as index
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Subsidiaries

Schaeffler India Ltd.
SCHAEFFLER
NSE
Bearings
0.00
0.00%

Management

1. Ashish Tiwari
VP – Legal & Company Secretary
2. Eranti Venkataramagupta Sumithasri
Chairperson
3. Harsha Kadam
Managing Director & CEO
4. Arvind Balaji
Non Executive Independent Director
5. Amit Kalyani
Non Executive Independent Director
6. NV Sivakumar
Non Executive Independent Director
7. Jens Schuler
Non Independent & Non Executive Director
8. Andreas Schick
Non Independent & Non Executive Director
9. Dharmesh Arora
Non Independent & Non Executive Director
10. Hardevi Vazirani
Whole Time Director - Finance & CFO

Contact Information

Company Address

15th Floor, Astp (Amar Sadanand Tech Park), Baner
Pune, Maharashtra - 411045
www.schaeffler.co.in
info.in@schaeffler.com

Registrar

MUFG Intime India Pvt Ltd.
C 101, 247 Park, LBS Marg, Vikhroli (W), Mumbai(Old Address:) C-13 Pannalal Silk Compound, L B S Marg, Bhandup Mumbai Maharashtra
Phone: +91 810 811 8484
Email: helpdesk@linkintime.co.in
Website: https://in.mpms.mufg.com/
MUFG Intime India Pvt Ltd.
Old Address : B-102 & 103, Shangrila Complex, First Floor, Opp. HDFC Bank, Near Radhakrishna Char Rasta, Akota, Vadodara 390020 New Address : Geetakunu, 1, Bhakti Nagar SocietyBehind ABS Tower, Old Padra Road,Vadodara-3900150265-3566768Vodadara@
Phone: 0265-3566768
Email: vadodara@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/

Company Profile

Schaeffler India encompasses the Indian operations of Schaeffler Group. The post-merger combined entity offers a vast and diversified mix of products to its automotive and industrial customers. Schaeffler India manufactures these products across its four state-of-the-art facilities in India. The Company also has two dedicated R&D facilities in India that roll out innovative products for the Indian market. Through its thriving after-market network, the Company serves its customers across both the automotive and industrial segments. The company also provides best-in-class training services to important groups such as garages and fleet workshops under the automotive aftermarket and industrial distribution segments. The Company enjoys a prominent position in all its business segments. It has a balanced revenue mix between its automotive and industrial businesses.

Established in 1946, Schaeffler Group is a global automotive and industrial supplier. It manufactures high-precision components and systems for engine, transmission and chassis applications in the automotive segment. The Group also produces rolling and plain bearing solutions for a variety of industrial applications.

The Group owns majority stake in Schaeffler India. With effect from 2018, INA Bearings India Private Limited and LuK India Private Limited merged with Schaeffler India Limited (erstwhile FAG Bearings India Limited). The objective of the merger was to consolidate the Group’s India businesses and optimise the potential of the merged entity. Schaeffler AG, the Group’s flagship company, is a publicly listed stock corporation incorporated under the German law, with its registered office in Herzogenaurach.

Business area of the company

Schaeffler is actively engaged in innovating and shaping the global pace of change. With innovative technologies, products, and services for CO2-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable.

Products & solutions

Automotive OEM:

  • Chassis components and systems
  • Clutches and transmission systems
  • Engine components and precision products
  • Drives for hybrid and Electric Vehicles (EVs)

Industrial:

  • Rolling and plain bearings
  • Linear guidance system
  • Maintenance products
  • Maintenance services
  • Mechatronics
  • Digital services

Automotive Aftermarket Replacement parts for:

  • Transmission
  • Engine components
  • Chassis components
  • Intelligent solutions for Repair and service points via platforms such as REPXPERT

Awards

  • 2017: Aisin: Quality Achivement Performe Certificate
  • 2017: Honda: Quality and Delivery Award
  • 2017: Inova - LUK Desempenho Empresarial 2017
  • 2018: Bosch - Certificate of Recognition
  • 2018: Clarus Technology: Destaque Sustentavel
  • 2018: CNH: Suppliers Excellence Awards
  • 2018: Inova - LUK Desempenho Empresarial 2018
  • 2018: Inova - LUK Embreagem 2018
  • 2018: NEI Magazine - NEI Top Five
  • 2018: Quality Achivement Performe Certificate
  • 2018: Sindirepa - FAG Best of the year
  • 2018: Sindirepa - INA Best of the year
  • 2018: Sindirepa - LUK Best of the year
  • 2019: GM: Supllier Quality Excellence Award
  • 2019: Makita: Performance Certificate
  • 2019: Bosch - Supplier Quality Excellence Award
  • 2019: Sindirepa - FAG Best of the year
  • 2019: Sindirepa - INA Best of the year
  • 2019: Sindirepa - LUK Best of the year
  • 2019: VW: Supllier Quality Excellence Award
  • 2020: Sindirepa: FAG Best of the Year 2020
  • 2020: Sindirepa: INA Best of the Year 2020
  • 2020: Sindirepa: LUK Best of the Year 2020

Milestones

  • 1962: Incorporation of Company
  • 1969: FAG Germany acquired shares from Norma Hoffman
  • 1975: Expansion: Railway Bearing plant was commissioned
  • 1986: Name of the company changed to FAG Bearings India Limited
  • 1992: Brand Name changed from NORMA to FAG
  • 1997: JV between LuK and Rane for clutch systems in India
  • 1997: Commissioned export oriented unit for Cylindrical Roller Bearings
  • 1999: Commissioned India's first Wheel Bearing Plant at Vadodara
  • 1999: Production of clutches for Tractors at LuK, Hosur
  • 2001: INA plant set up at Pirangut, Pune
  • 2001: FAG becomes part of Schaeffler Group
  • 2001: Acquisition of Rane LuK to become LuK India
  • 2007: Production of HLA/RFF started at INA, Talegaon
  • 2007: New INA plant inaugurated at Talegaon, Pune. Introduced E1 Spherical Roller Bearings
  • 2011: Commissioned 3rd Generation Wheel Bearing plant at Vadodara
  • 2012: FAG Savli plant inaugurated with advanced Gen C production
  • 2012: LuK : 2nd Plant extension
  • 2012: Production of Hydraulic CRS at LuK, Hosur
  • 2013: Production of OAP started at INA, Talegaon
  • 2015: Schaeffler India - Schaeffler Technology Center
  • 2017: FAG Bearings India Ltd renamed as Schaeffler India Ltd
  • 2017: Announcement of merger
  • 2017: Production of Heavy clutches (Dia 395 and 430) at LuK, Hosur
  • 2018: Closure of merger to form one strong Schaeffler entity in india
  • 2019: Established corporate HQ in Pune
  • 2020: Schaeffler steps up its involvement in Rear Wheel Steering
  • 2020: Schaeffler India signs MoU with Tata Institute of Social Sciences to impart skills training to youth for employability
  • 2020: Schaeffler India’s Automotive Aftermarket division launches wide range of automotive lubricant under the Schaeffler TruPower brand
  • 2020: Schaeffler India launches ‘OPTIME’ making condition monitoring cost-effective for all plant assets
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