Timken India Ltd
NSE: TIMKEN BSE: 522113
₹3472.90
(3.42%)
Tue, 10 Mar 2026, 00:55 am
Market Cap260.93B
PE Ratio60.04
Dividend1.04
Producer Manufacturing
Industrial Machinery
24.5KCompany History
1987
- The Company was incorporated on 15th June, and obtained the Certificate of Commencement of business on 10th September.
- The Company manufacture tapered roller bearings and AP cartridge roller bearings.
- It was promoted by Tata Iron & Steel Co. Ltd., and Timken Co., USA.
- The Company entered into a technical and financial collaboration with Timken Company, USA.
- The Company was given a licence to market, sell and service the Timken Company's products produced in other countries, in India, Sri Lanka, Nepal Bhutan and Bangladesh.
1991
- The Company issued 13,00,000-12.5% secured partly convertible debentures of Rs 150 each.
- Rs 50 of the face value of each debenture was converted into 5 No. of equity shares of Rs 10 each.
- 7 No. of equity shares subscribed for by signatories to the Memorandum of Association.
- 359,99,993 No. of equity shares, then issued at par.
1993
- Due to lack of order from the railways production of AP cartridge bearings reduced to 18,887 nos.
- 21,250,000 shares offered to the existing shareholders on right basis.
1994
- Production of AP cartridge bearings reduced to 337 nos. due to lack of orders from Railways.
- The Company issued 26,00,000-9% cumulative redeemable preference shares of Rs 100 each on private placement basis.
- 2,70,689 shares allotted on April 1994.
- Preference shares allotted to the promoters on private placement basis.
1995
- The Company has issued 26,00,000 9% Cumulative Redeemable Preference Shares of Rs. 100/- each to The Tata Iron & Steel Co. Ltd. and The Timken Company, USA.
1996
- 700 No. of Equity shares allotted out of shares kept in abeyance.
- Mr. J. H. Mayer had resigned as Managing Director and in his place Mr. Gordon William Robinson has been appointed by the Board.
1997
- The Company undertook a project to complete indigenisation of the A P Bearing components.
1998
- The Company feels proud of the Railway business team who won The Timken Company's coveted award of Dedication to Excellence.
- The Company had installed a Pilot Membrane System for treatment of oily waste fluid.
1999
- The entire outstanding amount of the Non-Convertible part of 1300000 12.5% Secured Redeemable Non-Convertible Debentures of Rs. 100/- each have been redeemed.
- The name of the Company has been changed from Tata Timken Limited to Timken India Limited.
- The Company launched a tactic to achieve QS 9000 Certification.
- Another Project initiated by the Company for indigenisation of Rail Road Bearing had successfully been completed.
- Mr. Vinod Kumar Dasari has been appointed as the Managing Director of the Company.
- Dr. J J Irani has recently stepped down as the Chairman of the Board.
- Mr. Shyamal Kumar Sinha, Director (Finance & Systems) has been appointed as an Alternate Director to Mr. Jon T Elsasser.
2000
- ICRA has assigned an A1+ rating to the enhanced Rs 15 crore Commercial Paper programme of the company.
- The Company achieved certification from American Association of Railroad (AAR).
- The Company issued 13% Unsecured Redeemable Non-Convertible Debentures for a sum of Rs. 2 Crores.
- Mr. Vinod Ku mar Dasari who was appointed as the Managing Director of the Company has resigned.
- Mr. Charles Joseph DeVirgilio, has been appointed by the Board as an Additional Director and also as Managing Director of the Company.
2002
- Mr Mantosh Sondhi, director of the company expired on Oct 29th.
2003
- Reports a 81% increase in its second quarter net profit over the last year.
2004
- Timkin, the alloy steel and bearing company opened its second biggest research and development centre in the world near Bangalore.
2005
- Indian Oil has inked a MoU with Timken India Ltd to manufacture and market 'Timken Premium Automotive Grease'.
2007
- Timken India mulls to expand its operations in the country by increasing its capacities at its plant in Jamshedpur.
2009
- Timken India Ltd. Appointed Mr. Sridharan Rangarajan as Additional Director [Promoter - Non Executive].
2010
- Timken India Ltd. has approved a plan to expand its tapered roller bearing manufacturing capacity in India.
2011
- Timken India Ltd. declared payment of Interim Dividend of Rs. 20/- per share on an equity share value of Rs. 10/- each.
2012
- Mr. Sanjay Koul has been appointed by the Board of Directors as an Additional Director and also as the Managing Director.
2013
- Timken India Ltd declared payment of Interim Dividend of Rs. 2/- per share on an equity share value of Rs. 10/- each.
- Mr. Christopher J Holding has been appointed as an Additional Director of the Company.
2014
- Mr. R. Ramesh has been appointed as an Additional Director and also as a Whole-time Director of the Company.
- Mr. Sanjay Koul as the Chairman of the Board under the designation Chairman & Managing Director during the year.
2018
- The Timken Company completed the previously announced acquisition of Rollon Group, a leader in engineered linear motion products.
- The Timken Company completed the previously announced acquisition of Cone Drive, a leader in precision drives.
2019
- Timken Buys German Company BEKA Lubrication.
- Timken Acquires The Diamond Chain Company, Expanding Its Leadership in Engineered Industrial Chain.
- Two Timken Plants Earn Safety Awards from South Carolina Manufacturers Alliance
- Timken Named One of the World's Most Ethical Companies by Ethisphere for the 9th Time.
- Timken 2019 Scholarship Winners Vow to Make an Impact Around the World.
2020
- The Timken Company launched five new Tricks of the Trade videos focusing on commercial and light vehicles.
- Timken Named One of the World's Most Ethical Companies by Ethisphere for the 10th Time.
- Timken Has Spot On NASA's Next Space Telescope.
- Timken announced the start of production at its new manufacturing facility in San Jose Iturbide, Mexico.
2021
- Timken Researchers Help Vaccine Maker Improve Equipment And Maintain Production.
- The Timken Company has been recognized as one of America's Best Employers of 2021 by Forbes.
- The Timken Company is helping to fund the futures of 20 students in pursuit of careers.
- Timken Shines In Fast-Growing Solar Energy Sector.
- Timken Acquires Robotics Supplier Intelligent Machine Solutions.
- Timken Recognized Among World's Most Ethical Companies for 11th Time.
2022
- Timken Earns Spot on Newsweek America's Most Responsible Companies List for Third Straight Year.
- Timken Completes Acquisition of GGB Bearings.
- Timken's Philadelphia Gear to Provide Main Reduction Gears for U.S. Navy Frigate USS Congress.
- Timken Named One of America's Best Employers for New Graduates by Forbes.
- Timken Completes Acquisition of Spinea.
2023
- Timken Adds Engineered Sealing Solutions to Portfolio with Lagersmit Acquisition.
- Timken Expands Linear Motion Offerings with Rosa Sistemi Acquisition.
- Timken Seeing Strong Demand for Solar Energy Solutions; Wins Solar Project in Australia.
2024
- Timken Recognized by Fast Company as one of World's Most Innovative Companies.
- Timken Recognized by Newsweek as One of America's Greatest Workplaces for Diversity.
- Timken Awards $540,000 in Scholarships to 20 Future Leaders and Innovators.
- Timken Completes Acquisition of CGI, Inc.
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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