Schaeffler India Ltd
Schaeffler India Ltd Company History
Schaeffler India is engaged in the development, manufacturing and distribution of high-precision roller and ball bearings, engine systems and transmission components, chassis applications, clutch systems and related machine building manufacturing activities.
2001
the following persons have resigned from the Board of the Company. 1) Mr. J R Patel - Chairman w.e.f. Novemeber 18, 2001. 2) Mr. B N Vidholia - Director w.e.f. November 24, 2001 and 3) Mr. S V Joglekar - Director w.e.f. September 02, 2001.
launched its e-commerce platform - www.fag.com - mainly for Europe
2001
2002
Mr. H R Shukla, Company Secretary(CS) has been appointed as 'Compliance Officer'(CO).
The following changes in the BOD w.e.f. July 25, 2002:
1) Mr. A P Gandhi - Appointed as Director and then elected Chairman of the BoD in place of Dr. V Sagar.
2) Dr. V Sagar - Ceased to be the Chairman of the BOD and will continue to be a Director on the Board.
3) Mr. M D Garde - New Nominee of GIC in place of Mr. B P Deshmukh.
4) Mr. R Sampath Kumar - Appointed as Alternate Director to Mr. F Huber.
5) Dr. M Kunzmann - Resigned from the Board.
Templeton Mutual Fund purchases 873832 shares (5.26%) of the Company
2002
2003
The company has proposed dividend at Rs. 4 per equity share (ie. 40%).
2003
2004
FAG Bearings India declares 45% dividend.
2004
2005
FAG Bearings India declares 35% dividend.
2005
2006
FAG Bearings India declares 35% dividend.
2006
2007
The company has proposed dividend at Rs. 4 per equity share (ie. 40%).
2007
2008
The company has proposed dividend at Rs. 4 per equity share (ie. 40%).
2008
2009
FAG Bearings India declares 45% dividend.
2009
2010
FAG Bearings India declares 45% dividend.
2010
2011
FAG India receives Best Supplier Award from Rane NSK Steering Systems Ltd.
FAG Bearings India declares 50% dividend.
2011
2012
FAG Bearings India Ltd has recommended a dividend at the rate of Rs. 10.00 (inclusive of a dividend of Rs. 5 per Share in celebration of the Company's 50th year of incorporation).
Mr. Udo Bauer has been appointed as an Additional Director of the company.
2012
2013
Board recommended Dividend at the rate of Rs. 5.00 per share.
2013
2014
Board recommended Dividend of Rs. 6.00 per shar.
2014
2017
Company name has changed to Schaeffler India Ltd. from Fag Bearings India Ltd..
2017
2018
Project NITARA was awarded for ÂSustainable and Impactful CSR project by Gujarat State CSR Awards 2018.
2018
2019
Changchun Yidong Clutch - Good performance in quality (2019).
Hubei Tri-Ring Clutch - Award of Excellent Quality (2019).
2019
2020
Schaeffler India launches ÂOPTIMEÂ making condition monitoring cost-effective for all plant assets.
2020
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.
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/-.
2022
