Schaeffler India Limited
Schaeffler India Ltd is engaged in the development, manufacturing and distribution of high-precision roller and ball bearings, engine systems and transmission components, chassis applications, clutch systems and related machine building manufacturing activities.
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Schaeffler India appointed Amit Bhalerao as Chief Operating Officer, effective August 10. He will lead manufacturing operations, drive operational excellence, digital transformation, and capability development, aiming to strengthen customer focus and long-term growth in India.
Schaeffler India launched its 5th Social Innovation Fellowship, supporting 10 innovators tackling India's social challenges. Each will receive a Rs 2 Lakhs (0.02 Cr) grant and mentorship, emphasizing the company's commitment to social impact.
Schaeffler India urged shareholders with unpaid dividends to update KYC and claim their funds as part of the 'Saksham Niveshak' campaign. This initiative helps investors access their dues and streamlines the company's unclaimed dividend liabilities.
Schaeffler India secured BIS licenses for Cylindrical Roller Bearings (CRB) and Deep Groove Ball Bearings (DGBB) at its Maneja and Savli plants. This makes it the first company to achieve a CRB license under the new Indian Standard, enhancing its market position and confirming quality leadership.
Schaeffler India opened a computational research infrastructure at IISC, Bengaluru, via its CSR program. This enhances High-Performance Computing and advanced analytics for materials, energy, and sustainable mobility. A Master Research Agreement with IISC will drive future collaborative innovation.