Schaeffler India
#2381
Rank
$6.09B
Marketcap
India
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
Key Team
Ms. Hardevi Vazirani (VP of Accounting, Controlling & Treasury)
Mr. Ashish Tiwari (VP of Legal, Compliance Officer & Company Sec.)
Mr. Devkumar Davesar (Head of Regional Bus. Units & Fields Industrial Asia Pacific)
Mr. Santanu Ghoshal (VP of HR)
Mr. Sanjeev Saxena (Pres of Automotive Technologies)
Gauri Kanikar (Head of Investor Relations)
Mr. Debasish Satpathy (Pres of Automotive Aftermarket)
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-india
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)
