A BEARING ON GROWTH

A diversified portfolio and focus on trends in sustainability and infrastructure investment power this company's top line.

- NEVIN JOHN

WHEN HENRY Timken patented the tapered roller bearing in 1899 and moved his company to Canton in the U.S., he had no clue that the products of his firm would accelerate the first flight of the Wright Brothers and, more recently, the James Webb Space Telescope. Timken has also moved a step further to play a pivotal role in the emerging automation and sustainability segments.

Timken India Ltd (TIL) was incorporated in 1987 as Tata Timken Ltd (TTL)—a joint venture between Tata Iron and Steel Company (Tisco) and The Timken Company. It commenced commercial production at its Jamshedpur plant in March 1992. In 1999, Timken acquired Tata Steel's 40% stake and changed the name to Timken India Ltd. The company has sales offices in Kolkata, Delhi, Bengaluru, Pune, Jamshedpur, and Chennai.

TIL posted a net profit of ₹392.1 crore in FY24, against ₹390.7 crore in FY23. Net income stood at ₹2,910 crore, a 3.7% increase year-on-year. The company operates in engineered bearings, industrial motions, and related services businesses.