YEAR EVENTS 1962 - The Company was incorporated on 27th April, at Bombay. The Manufacture of and dealers in antifriction ball and roller bearings and components thereof. 1990 - The company received an endorsement from the Government on its manufacturing license enhancing capacity to 14.9 million numbers per annum. 1993 - The Company is among the very few companies in the country who have received ISO 9001 certification. 1996 - The company has a 100% Export Oriented Unit (EOU) Project for manufacture of Cylindrical Roller Bearings. 1997 - FAG Precision Bearings Ltd. the third largest bearings manufacturer in the country with a market share of around 10 per cent, has commissioned a 100 per cent EOU to manufacture cylindrical roller bearings at Baroda. 1998 - The Company has also decided to set up a production line for DRACBB (Double Row Angular Contact Ball Bearing) which will commence production in early 1999. - The Company became the first bearing manufacturing Company in India to be certified for "QS 9000" Quality Standard by TUV CERT Certification body of RWTUV e.V. Germany. 1999 - FAG Kugelfischer the name of the Indian subsidiary is set to be changed from FAG Precision Bearings to FAG Bearings India Ltd. 2000 - The company had introduced a voluntary retirement scheme effective from 2nd April 1999. - FAG Kugelfischer George Schafer Aktiengesellschaft has they are holding 8,474,805 No. of equity equivalent to 51% of the issued share capital of the company. 2001 - the following persons have resigned from the Board of the Company. 1) Mr. J R Patel - Chairman w.e.f. Novemeber 18, 2001. 2) Mr. B N Vidholia - Director w.e.f. November 24, 2001 and 3) Mr. S V Joglekar - Director w.e.f. September 02, 2001. -launched its e-commerce platform - www.fag.com - mainly for Europe 2002 -Mr. H R Shukla, Company Secretary(CS) has been appointed as 'Compliance Officer'(CO). -The following changes in the BOD w.e.f. July 25, 2002: 1) Mr. A P Gandhi - Appointed as Director and then elected Chairman of the BoD in place of Dr. V Sagar. 2) Dr. V Sagar - Ceased to be the Chairman of the BOD and will continue to be a Director on the Board. 3) Mr. M D Garde - New Nominee of GIC in place of Mr. B P Deshmukh. 4) Mr. R Sampath Kumar - Appointed as Alternate Director to Mr. F Huber. 5) Dr. M Kunzmann - Resigned from the Board. 2002 -Templeton Mutual Fund purchases 873832 shares (5.26%) of the Company 2003 -The company has proposed dividend at Rs. 4 per equity share (ie. 40%). 2004 -FAG Bearings India declares 45% dividend. 2005 -FAG Bearings India declares 35% dividend. 2006 -FAG Bearings India declares 35% dividend. 2007 -The company has proposed dividend at Rs. 4 per equity share (ie. 40%). 2008 -The company has proposed dividend at Rs. 4 per equity share (ie. 40%). 2009 -FAG Bearings India declares 45% dividend. 2010 -FAG Bearings India declares 45% dividend. 2011 -FAG India receives Best Supplier Award from Rane NSK Steering Systems Ltd. -FAG Bearings India declares 50% dividend. 2012 -FAG Bearings India Ltd has recommended a dividend at the rate of Rs. 10.00 (inclusive of a dividend of Rs. 5 per Share in celebration of the Company's 50th year of incorporation). -Mr. Udo Bauer has been appointed as an Additional Director of the company. 2013 -Board recommended Dividend at the rate of Rs. 5.00 per share. 2014 - Board recommended Dividend of Rs. 6.00 per shar. 2017 -Company name has changed to Schaeffler India Ltd. from Fag Bearings India Ltd.. 2018 -Project NITARA was awarded for `Sustainable and Impactful CSR project' by Gujarat State CSR Awards 2018. 2019 -Changchun Yidong Clutch - Good performance in quality (2019). -Hubei Tri-Ring Clutch - Award of Excellent Quality (2019). 2020 -Schaeffler India launches `OPTIME' making condition monitoring cost-effective for all plant assets. 2021 -Schaeffler starts mass production of electric motors. -Schaeffler receives Red Dot Design Award in two categories with OPTIME. -Schaeffler joins STARTUP AUTOBAHN and establishes a partner network to develop market-ready innovations more rapidly. -Schaeffler India inaugurates Large Size Bearings Refurbishing Center in Jamshedpur. -Schaeffler India launches the Social Innovator Fellowship Program 2021. 2022 -Schaeffler inaugurates its largest warehouse in Asia Pacific region. -Schaeffler India announces 11 winning ideas for its Social Innovator Fellowship Program. -Schaeffler India to be the Associate Sponsor of Puneri Paltan for the 8th Season of Pro Kabaddi League. -Schaeffler India Inaugurates Consolidation and Distribution Center in Hosur. -Company has splits its face value from Rs. 10/- to Rs. 2/-. 2023 -Schaeffler India Limited Completed 100% Acquisition of KRSV Innovative Auto Solutions Private Limited.