Timken India Limited, co-promoted by The Timken Company, USA (Timken) and Tata Iron and Steel Company Limited (Tata Steel), was incorporated in 1987 as Tata Timken Limited. This was the first ever joint venture of The Timken Company. Till March, 1999, both the promoters, i.e. Timken and Tata Steel, were holding 40 % each of the subscribed equity capital of the company with the remaining 20 % held by public.
In 1999, Timken acquired inter-alia Tata Steel’s 40% equity holding and consequently the company's was changed to Timken India Limited effective July 2, 1999. Timken Company agreed to increase its stake in Tata Timken Limited, in Jamshedpur, India, to 80% by acquiring the 40% stake held by The Tata Iron and Steel Company of India to broaden the venture's customer base and thus strengthen its position in both domestic Indian markets and Timken's worldwide markets
The company had its maiden public issue in 1991. The issue received an overwhelming response from the investors as it was oversubscribed by 4017 times.The shares of Timken India Limited are listed on the stock exchanges at Mumbai, Calcutta and Magadh.
Timken India is primarily engaged in manufacture, sale and export for sale of antifriction bearings, components and related parts. The company is also engaged in import and purchase for resale and acts as a sales agent for the products manufactured by The Timken Company.
Timken India Limited uses cellular manufacturing, giving the plant, flexibility to produce any part with a short lead time. Timken India Limited falls under The Timken Company's International Bearing Performance Audit program. Hence all bearings produced by Timken India Limited will be of the same quality as produced by any Timken unit worldwide.
Timken India became the first company in India to get QS 9000 3rd edition accreditation. The plant uses Marposs Auto Process Gauge Equipment and Allen Bradley controls in its manufacturing processes.
Timken India Limited, a subsidiary of The Timken Company, provides friction management solutions for a wide range of industry applications across the globe.