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Schaeffler India Ltd. Company History and Annual Growth Details

YEAR EVENTS
1962 - The Company was incorporated on 27th April, at Bombay. The
Manufacture of and dealers in antifriction ball and roller
bearings and components thereof.

1990 - The company received an endorsement from the Government on its
manufacturing license enhancing capacity to 14.9 million numbers
per annum.

1993 - The Company is among the very few companies in the country who
have received ISO 9001 certification.

1996 - The company has a 100% Export Oriented Unit (EOU) Project for
manufacture of Cylindrical Roller Bearings.

1997 - FAG Precision Bearings Ltd. the third largest bearings
manufacturer in the country with a market share of around 10
per cent, has commissioned a 100 per cent EOU to manufacture
cylindrical roller bearings at Baroda.

1998 - The Company has also decided to set up a production line for
DRACBB (Double Row Angular Contact Ball Bearing) which will
commence production in early 1999.

- The Company became the first bearing manufacturing Company in
India to be certified for "QS 9000" Quality Standard by TUV CERT
Certification body of RWTUV e.V. Germany.

1999 - FAG Kugelfischer the name of the Indian subsidiary is set to
be changed from FAG Precision Bearings to FAG Bearings India
Ltd.

2000 - The company had introduced a voluntary retirement scheme
effective from 2nd April 1999.

- FAG Kugelfischer George Schafer Aktiengesellschaft has they are
holding 8,474,805 No. of equity equivalent to 51% of the issued
share capital of the company.

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

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.

2002
-Templeton Mutual Fund purchases 873832 shares (5.26%) of the Company

2003
-The company has proposed dividend at Rs. 4 per equity share (ie. 40%).

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 (ie. 40%).

2008
-The company has proposed dividend at Rs. 4 per equity share (ie. 40%).

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 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.

2013
-Board recommended Dividend at the rate of Rs. 5.00 per share.

2014
- Board recommended Dividend of Rs. 6.00 per shar.

2017

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

2018

-Project NITARA was awarded for ÂSustainable and Impactful CSR projectÂ by Gujarat State CSR Awards 2018.

2019
-Changchun Yidong Clutch - Good performance in quality (2019).
-Hubei Tri-Ring Clutch - Award of Excellent Quality (2019).

2020
-Schaeffler India launches ÂOPTIMEÂ 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/-.

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