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Last Updated: 2026

Schaeffler

Rank#3394

Market Cap3.24B

CountryGermany

Summary

Schaeffler India Limited develops, manufactures, and distributes high-precision roller and ball bearings, and related components worldwide. It offers ball, cylindrical, spherical, and tapered roller bearings, as well as wheel bearings. The company also provides engine and transmission components for front accessory drive systems, chain drive systems, valve train components, shift systems, and a range of needle roller bearings and elements; clutch systems and dual mass flywheels for passenger cars, light commercial vehicles, heavy commercial vehicles, and tractors; and concentric slave cylinder, clutch master cylinder, semi slave cylinder, adapter, and high-pressure pipe assemblies. In addition, it offers engine oil, transmission oil, grease, coolant, hydraulic oil, and shock absorber oil. The company offers its products under the brand names of Schaeffler, LuK, INA, FAG, and Schaeffler TruPower. It serves the construction machinery, electrical engineering, industrial gear, mining and cement, power generation, agricultural engineering, steel plant, motorcycle, textile machinery, machine tool, wind power, pulp and paper, automotive and tractor, precision equipment, machine tools and material handling, car and truck, railway, two wheelers, renewable energy, power transmission, off highway, automation, and heavy, as well as MRO-steel, raw material, power, paper, and pulp industries. The company was formerly known as FAG Bearings India Limited and changed its name to Schaeffler India Limited in July 2017. Schaeffler India Limited was incorporated in 1962 and is based in Pune, India.

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

Guided by the values of a global family business, we work closely together with our customers as true partners to deliver a compelling value proposition through our best-in-class expertise in manufacturing technology and systems know-how. In doing so, we contribute to the success of our customers, the advancement of our employees, and the prosperity of our society.

Vision

As a leader in technology, we combine a passion for innovation with the highest standards of quality to shape the future of mobility – for a world that will be cleaner, safer, and smarter.

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

https://companiesmarketcap.com/

https://www.schaeffler.co.in

Leadership team

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)

Products / Services

Association, Automotive, Electronics, Industrial Engineering, Information Technology, Manufacturing

Number of Employees

Above 50,000

Address

Herzogenaurach, Bayern, Germany

Established

2011-01-01

Net Income

S_500M_1B

Revenue

$1B+

Traded as

SHA.F

Website

https://www.schaeffler.co.in

Social Media

Last Updated: 2026

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