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Home Top 10 Companies

Top Bearing Manufacturing Company in India 2022

Raveendran R by Raveendran R
December 3, 2022
in Top 10 Companies
Reading Time: 8 mins read
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This is the List of Top Bearing Manufacturing Company in India sorted out in terms of total Sales before that take a look a Bearing industry. Automotive sector is a major consumer of bearings. Demand for bearings is directly influenced by industrial and manufacturing activity in India, export markets provide additional opportunity for Indian anti-friction bearing manufacturers.

At the same time, Indian demand for anti-friction bearings is also met through imports. The estimated consumption of anti-friction bearings in India is about Rs. 9500 to 10500 Cr.

List of Top Bearing Companies in India

This is a list of top bearing Manufacturing companies in India. The companies are sorted out based on the total sales in 2019

1. Schaeffler India Ltd

The Company Incorporated in the Year 1962, Schaeffler with four plants and 19 sales offices has a significant presence in India with three major widely known product brands – FAG, INA, and LuK. It is the largest Bearing Manufacturing Company in India.

The manufacturing plant in Vadodara, Gujarat was set up in 1964 and produces a vast range of ball bearings, cylindrical roller bearings, and spherical roller bearing and wheel bearings and sold under the brand name of FAG. The second plant in Vadodara at Savli produces next-generation deep groove ball bearings and large size roller bearings also sold under the name of FAG.

  • Total Sales: Rs 4,510 Cr
  • Profit: 390 Cr
  • Market Cap:  13,835 Cr.
  • ROE: 17.82 %
  • Sales Growth (3Yrs): 38.66 %
  • Promoter holding: 74.13 %
  • Debt to equity: 0.00
  • Price to book value: 4.97

Schaeffler’s third state-of-the-art plant is located at Talegaon near Pune and manufactures engine and transmission components for the front accessory drive system, chain drive systems, valve train, shift systems and a range of needle roller bearings and elements, under the brand INA.

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The fourth manufacturing location is based out of Hosur, producing clutch systems and dual-mass flywheels for passenger cars, light commercial vehicles, heavy commercial vehicles and tractors which are sold under the brand of LuK.

2. SKF Bearings India

SKF India Ltd was incorporated in the year 1961 as a result of a collaboration between AB SKF, Associated Bearing Company limited and Investment Corporation of India Ltd. In 1965, the first manufacturing plant was commissioned in Pune.

However, Bearing SKF existence in India can be traced back to 1923, when the SKF group set up its trading arm in Kolkata. The company is 2nd in the list of top bearing companies in India.

  • Total Sales: Rs 3,040 Cr
  • Profit: 333 Cr
  • Market Cap:  10,559 Cr.
  • ROE: 18.88 %
  • Sales Growth (3Yrs): 0.41 %
  • Promoter holding: 52.58 %
  • Debt to equity: 0.06
  • Price to book value: 5.91

Bearing SKF product portfolio consists of bearings, seals, mechatronics, lubrication systems, and services. With a rich heritage of more than a century, SKF Bearings India has a value chain spreading across 130 countries alone with more than 15000 distributors across 450 locations.

3. Timken India Ltd

Timken India Limited (TIL) was incorporated in 1987 as Tata Timken Limited (TTL), a joint venture between Tata Iron and Steel Company (TISCO) and The Timken Company, a world leader.

Timken India Limited, a Timken Company subsidiary, started manufacturing bearings in India nearly three decades ago and today has state-of-the-art manufacturing plants in Jamshedpur and Raipur to serve local bearing market needs and beyond.

  • Total Sales: Rs 1,672 Cr
  • Profit: 184 Cr
  • Market Cap:  6,455 Cr.
  • ROE: 14.55 %
  • Sales Growth (3Yrs): 16.88 %
  • Promoter holding: 67.80 %
  • Debt to equity: 0.02
  • Price to book value: 4.51

Bearing Manufacturing Company commenced commercial production at its Jamshedpur plant in March 1992. The Timken Company is a world leader in tapered roller bearings. The company is 3nd in the list of top bearing companies in India.

TISCO and TIMKEN each held 40% equity stake in the company and the public held the rest. In 1999, Timken acquired from Tata Steel its 40% stake in Tata Timken Limited.

The name of the Company was changed to Timken India Limited on July 2, 1999. The company has sales offices in Kolkata, Delhi, Bangalore, Pune, Jamshedpur and Chennai. The Company also offer a breadth of bearing repair and related mechanical power transmission services to support heavy industries, and in Raipur.

4. NRB Bearings Ltd

Founded in 1965, NRB was the first company to manufacture needle roller bearings in India. For over 40 years NRB has pioneered the leading edge of bearing technology, and today over 90% of vehicles on Indian roads run on NRB parts.

Since its inception, NRB has grown beyond its signature product to offer a wide range of high-precision friction solutions not only in the automotive sector but across all mobility applications.

  • Total sales: Rs 871 Cr
  • Market Cap:  893.42 Cr.
  • ROE: 22.70 %
  • Sales Growth (3Yrs): 12.77 %
  • Promoter holding: 48.52 %
  • Debt to equity: 0.60
  • Price to book value: 1.96

NRB is the global benchmark for quality and innovative design in high-precision friction solutions. NRB Bearings is a recognised leader in needle roller bearings, conventional cylindrical roller bearings and has developed a new generation of lightweight drawn cup bearings.

5. Menon Bearings Ltd

Menon Bearings Ltd. undertakes designing, testing, validation & manufacturing of Bearings, Bushes & Thrust Washers for a wide range of applications which include inter alia Automotive Engines, Compressors, Generators, Stationary Engines, Marine Engines, Earth Movers & Tillers ( agriculture ).

  • Total Sales: Rs 154.82 Cr
  • Profit: 18.45 Cr
  • Market Cap:  316.35 Cr.
  • ROE: 30.17 %
  • Sales Growth (3Yrs): 16.03 %
  • Promoter holding: 70.91 %
  • Debt to equity: 0.46
  • Price to book value: 3.50

MBL is globally positioned, with exports of about 30% of its production to a wide range of markets from the USA to China, France to Japan, Brazil, Mexico, Africa, Dubai, Netherlands etc. Menon Bearings office at Indianapolis, USA has been catering to international OEMs & the market in the USA for more than two decades.

What is the best bearing brand?

SKF Bearings India is one of the best bearing brand and brand has a value chain spreading across 130 countries alone with more than 15000 distributors across 450 locations.

Who owns SKF bearings?

SKF Bearings is Owned by FAM AB is a Swedish foundation asset management company which has 13% of the share in the company.


Tags: AUTOMOBILES
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Raveendran R

Raveendran R

Editor @ Indiancompaies.in

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Comments 12

  1. Amarjeet gopal says:
    2 years ago

    I am a job seeker in mechanical for bearing production company,please reply me

    Reply
  2. Gourishankar says:
    3 years ago

    मैं छत्तीसगढ़ से बालोद जिला बैरिंग का बिजनेस चालू करने की सोच रहा हूं थोड़ा जानकारी देंगे तो मैं थोड़ा आपके आशीर्वाद से मैं आगे बढ़ सकता हूं आपकी दुआ रहेगी तो प्रणाम

    Reply
  3. james Wu says:
    3 years ago

    hello, my company specializes in providing testing solution especially for bearing industry, we supply to the global factories of SKF. Taking advantage of the vast and mature industries in china, we can provide custome solution that is highly competitve in price and quality.

    Reply
  4. Rajesh says:
    3 years ago

    Mr. IftiKhar Ahmad Khan has rightly pointed out the concern as to why you should opt for local manufacturers. They provide better quality at much affordable price. SAB Bearings is one such manufacturer and supplier. They have diverse range of bearings catering to every customer’s requirement.

    Reply
  5. Mahaveer says:
    3 years ago

    Bearing and power tools

    Reply
  6. Mohit says:
    3 years ago

    How could I get the oem registered with any bearing manufacturing company??

    Reply
    • Saffan says:
      3 years ago

      If you wan to get joined with KHS LG, then mail us at marketing@khsbearings.com

      Reply
  7. CHIRAG says:
    3 years ago

    NKC BEARING LLP

    Reply
  8. Palkesh says:
    4 years ago

    I agree with Mr. IftiKhar Ahmad Khan, in India lots of good bearing manufacturing company like TEXSPIN bearings they have good product range with good pricing.

    Reply
  9. Binod singh says:
    4 years ago

    Distributorship

    Reply
  10. IftiKhar Ahmad Khan says:
    5 years ago

    These are OE bearing Companies , But there are so many Local who are too Manufacturing lot of Bearing . Please if Possible mention their names too. Actually these Companies are providing only good Discount to Stockists, And Distributers like they are getting Discount on DLP. But they providing Discount on us as On MRP. That is why People avoide to take these Products. Only if they have sale that is they are providing these to Big Company. But in Local market their sales is Zero Persent. That why U wants some name of Local Companies . Thanks Lot.

    Reply
    • Anonymous says:
      3 years ago

      Yes you’re right.

      Reply

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