Schaeffler
#3505
Rank
$3.24B
Marketcap
Germany
Country
Mr. Harsha Kadam (MD, CEO, Director & Pres of Industrial Bus.)
Mr. Satish C. Patel (CFO, Director of Fin. & Whole-Time Director)
Mr. Sameer Mathur (Chief Operations Officer)
Summary
History
1883: Friedrich Fischer of Schweinfurt designs a machine to allow steel balls to be ground to an absolutely round state for the first time – and in large volumes.
1905: On 29 July, the FAG brand is registered with the patent office in Berlin. The registered trademark FAG is an acronym for "Fischer's Automatische Gussstahlkugelfabrik," or "Fischer's Automatic Steel Ball Factory."
1939: Acquisition of Davistan AG, a Jewish founded textiles company.
1946: Brothers Wilhelm and Georg Schaeffler, both holders of Ph.D. degrees, found INA in Herzogenaurach.
1949: The needle roller cage, developed by Georg Schaeffler, makes the needle roller bearing a reliable component for industrial applications.
1965: LuK Lamellen und Kupplungsbau GmbH is founded in Bühl .
1999: INA takes over LuK GmbH.
2002: Acquisition of FAG Kugelfischer AG, Schweinfurt.
2003: INA, FAG and LuK form the Schaeffler Group.
2008: Schaeffler Group buys the much larger Continental AG .
2009: President and CEO of the Schaeffler Group, Dr. Jürgen M. Geissinger, was elected president of the World Bearing Association.
2011: Schaeffler Group becomes Schaeffler AG and Schaeffler Technologies AG & Co. KG
2013: On 4 October, an employee letter said "... Mr. Klaus Rosenfeld will take over as acting CEO in addition to his current responsibilities as Chief Financial Officer".
2013: The third generation of Schaeffler's electric axle, presented in Schaeffler's ACTIVeDRIVE, becomes a pilot production product.
2014: Schaeffler opens its first Russian plant in Ulyanovsk, from which it supplies products to both domestic and overseas automobile manufacturers as well as to the railway industry.
2015: Schaeffler successfully completes its initial public offering on 9 October 2015, under the motto "We share our success".
2016: The strategy "Mobility for tomorrow" is adopted. U.S. and China plants are expanded and a new facility is opened in Chonburi, Thailand, along with a new office in Moscow, Russia.
2018: Schaeffler fitted four electric motors from the ABT Schaeffler FE01 Formula E car to an Audi A3 for testing only.
Mission
Vision
Key Team
Ms. Hardevi Vazirani (VP of Accounting, Controlling & Treasury)
Mr. Ashish Tiwari (VP of Legal, Compliance Officer & Company Sec.)
Mr. Santanu Ghoshal (VP of HR)
Mr. Devkumar Davesar (Head of Regional Bus. Units & Fields Industrial Asia Pacific)
Mr. Debasish Satpathy (Pres of Automotive Aftermarket)
Mr. Sanjeev Saxena (Pres of Automotive Technologies)
Gauri Kanikar (Head of Investor Relations)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Schaeffler_Group
https://in.investing.com/equities/fag-bearings-india
https://finance.yahoo.com/quote/SCHAEFFLER.NS/profile?p=SCHAEFFLER.NS
https://www.comparably.com/companies/schaeffler/mission
https://www.crunchbase.com/organization/schaeffler-group
Mr. Harsha Kadam (MD, CEO, Director & Pres of Industrial Bus.)
Mr. Satish C. Patel (CFO, Director of Fin. & Whole-Time Director)
Mr. Sameer Mathur (Chief Operations Officer)
