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Investors' Overview

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 2.7.1999. 

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 act 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. The company today has 555 associates. Turnover for the calendar year 2003 was approximately Rs 230 crores INR.

Registered Office

Timken India Ltd.
39 -42, Electronic City,
Phase II, Hosur Road,
Bangalore - 560100

Registrars & Transfer Agents

Address for correspondence : 

With effect from January 1, 2003, the services of AXC Computers Pvt. Ltd. (formerly ABC Computers Pvt. Ltd.) as the Registrars and Share Transfer Agents (RTA) of the Company have been discontinued and Ami Computers (I) Ltd have since been appointed as the new RTA, effective the said date. For any query relating to your shareholding, you may also write to the new RTA at the following address :-C B Management Services ( P ) Limited, (Unit -Timken India Limited ), P-22, Bondel Road, Kolkata - 700019, Tel : 033 - 22806692 / 93 / 94 / 2486 / 2937, Fax - 033 - 22870263.

Share Transfer Systems

Requests for registration of transfer of shares may be sent to the Transfer Agents at Calcutta or to the Registered Office of the Company at Jamshedpur.

Registration of transfer of shares is generally done within 10 - 12 days from the date of receipt, if the documents are complete in all respects.

Dematarialisation of shares

The shares of the company are traded compulsorily in dematerialized form and about 52% of the company's share capital are dematerialized at present.


Depository for Dematerialisation

National Securities Depository Ltd.
Trade World, 4th floor
Kamala Mills Compound
Senapati Bapat marg, Lower Parel
Mumbai - 400013


Central Depository Services (India) limited
P.J Towers, 28th floor, Dalal Street
Mumbai - 400023

 
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