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Schaeffler India Ltd logo

Schaeffler India Ltd

NSE: SCHAEFFLER BSE: 505790

₹3772.10

(-0.89%)

Fri, 13 Feb 2026, 00:28 pm

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Company History

1962

  • The Company was incorporated on 27th April at Bombay.

1990

  • The company received an endorsement from the Government on its manufacturing license.

1993

  • The Company received ISO 9001 certification.

1996

  • The company has a 100% Export Oriented Unit Project for manufacture of Cylindrical Roller Bearings.

1997

  • FAG Precision Bearings Ltd. has commissioned a 100 per cent EOU to manufacture cylindrical roller bearings at Baroda.

1998

  • The Company has decided to set up a production line for DRACBB.

1999

  • The name of the Indian subsidiary is set to be changed from FAG Precision Bearings to FAG Bearings India Ltd.
  • The Company became the first bearing manufacturing Company in India to be certified for QS 9000 Quality Standard.

2000

  • The company had introduced a voluntary retirement scheme.
  • FAG Kugelfischer George Schafer Aktiengesellschaft holds 51% of the issued share capital of the company.

2001

  • Mr. J R Patel, Mr. B N Vidholia, and Mr. S V Joglekar have resigned from the Board of the Company.
  • The company launched its e-commerce platform - www.fag.com.

2002

  • Mr. H R Shukla has been appointed as 'Compliance Officer'.
  • Mr. A P Gandhi has been appointed as Director and elected Chairman of the BoD.
  • Dr. V Sagar ceased to be the Chairman of the BoD.
  • Mr. M D Garde has been appointed as New Nominee of GIC.
  • Mr. R Sampath Kumar has been appointed as Alternate Director to Mr. F Huber.
  • Dr. M Kunzmann resigned from the Board.
  • Templeton Mutual Fund purchases 873832 shares of the Company.

2003

  • The company has proposed dividend at Rs. 4 per equity share.

2004

  • FAG Bearings India declares 45% dividend.

2005

  • FAG Bearings India declares 35% dividend.

2006

  • FAG Bearings India declares 35% dividend.

2007

  • The company has proposed dividend at Rs. 4 per equity share.

2008

  • The company has proposed dividend at Rs. 4 per equity share.

2009

  • FAG Bearings India declares 45% dividend.

2010

  • FAG Bearings India declares 45% dividend.

2011

  • FAG India receives Best Supplier Award from Rane NSK Steering Systems Ltd.
  • FAG Bearings India declares 50% dividend.

2012

  • FAG Bearings India Ltd recommended a dividend at the rate of Rs. 10.00 per share.
  • Mr. Udo Bauer has been appointed as an Additional Director of the company.

2013

  • Board recommended Dividend at the rate of Rs. 5.00 per share.

2014

  • Board recommended Dividend of Rs. 6.00 per share.

2017

  • Company name has changed to Schaeffler India Ltd. from Fag Bearings India Ltd..

2018

  • Project NITARA was awarded for ‘Sustainable and Impactful CSR project’ by Gujarat State CSR Awards 2018.

2019

  • Changchun Yidong Clutch - Good performance in quality.
  • Hubei Tri-Ring Clutch - Award of Excellent Quality.

2020

  • Schaeffler India launches ‘OPTIME’ making condition monitoring cost-effective for all plant assets.

2021

  • Schaeffler starts mass production of electric motors.
  • Schaeffler receives Red Dot Design Award in two categories with OPTIME.
  • Schaeffler joins STARTUP AUTOBAHN and establishes a partner network to develop market-ready innovations more rapidly.
  • Schaeffler India inaugurates Large Size Bearings Refurbishing Center in Jamshedpur.
  • Schaeffler India launches the Social Innovator Fellowship Program 2021.

2022

  • Schaeffler inaugurates its largest warehouse in Asia Pacific region.
  • Schaeffler India announces 11 winning ideas for its Social Innovator Fellowship Program.
  • Schaeffler India to be the Associate Sponsor of Puneri Paltan for the 8th Season of Pro Kabaddi League.
  • Schaeffler India Inaugurates Consolidation and Distribution Center in Hosur.
  • Company has splits its face value from Rs. 10/- to Rs. 2/-.

2023

  • Schaeffler India Limited Completed 100% Acquisition of KRSV Innovative Auto Solutions Private Limited.

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800