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Schaeffler India Ltd.

BSE: 505790 Sector: Engineering
NSE: SCHAEFFLER ISIN Code: INE513A01014
BSE 00:00 | 22 Jun 5331.95 -82.85
(-1.53%)
OPEN

5410.00

HIGH

5410.00

LOW

5301.05

NSE 00:00 | 22 Jun 5341.15 -58.80
(-1.09%)
OPEN

5401.00

HIGH

5401.00

LOW

5331.05

OPEN 5410.00
PREVIOUS CLOSE 5414.80
VOLUME 118
52-Week high 5960.00
52-Week low 4136.05
P/E 35.94
Mkt Cap.(Rs cr) 8,862
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 5410.00
CLOSE 5414.80
VOLUME 118
52-Week high 5960.00
52-Week low 4136.05
P/E 35.94
Mkt Cap.(Rs cr) 8,862
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Schaeffler India Ltd. (SCHAEFFLER) - Company History

FAG Bearings India Ltd is a leading player in the Indian Bearing industry. The company manufactures a very wide range of bearings conforming to the stringent international quality standards. They are the leading OEM supplier to the automotive industry, mechanical and electrical engineering industry, besides the Railways. Their manufacturing plants are located at Vadodara in Gujarat. FAG Bearings India Ltd was incorporated as Precision Bearings India Ltd in the year 1962. In the year 1986, the company changed their name to FAG Precision Bearings Ltd and in the year 1999, they got their present name FAG Bearings India Ltd. In the year 1993 and 1998, they became the first Indian Bearing company to achieve ISO 9001 and QS 9000 certification respectively and in the year 1999, they received ISO 14001 certification. In the year 2000, the company set up India's first production facilities to produce hub bearings. In the year 2001, the company entered a joint venture agreement with FAG Kugelfischer Georg Schaefer AG of Germany and formed FAG Roller Bearings Private Ltd for manufacture of taper roller bearings at Pune in Maharashtra. The Pune plant has the production capacity of 2 million tapered tapered roller bearings of world class quality for automotive and industrial applications and in April 2002, they launched their product in the Indian Market. The company increased their production capacity of Ball & Roller Bearings by 50000 Nos in the year 2002, 3178000 Nos in 2003, 1153000 Nos in 2004, 3793000 Nos in 2005, 13164000 Nos in 2006 and 3765000 in 2007. Thus the total production capacity increased to 47103000 Nos at the end of the financial year December 2007.