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Schaeffler India establishes new corporate headquarters in Pune

Posted On: 2019-09-03 23:09:44

Schaeffler India Limited, leading industrial and automotive supplier, (BSE: 505790, NSE: SCHAEFFLER) today announced the opening of new corporate office in Pune, India. The new office that consolidates all corporate and sales functions will now serve as India headquarters. Following the completion of merger of three legal entities in India, the new office is a key milestone towards integrating and establishing one strong entity.

Located in Pune city, the new office space is designed as per Schaeffler's new work philosophy and offers employees a modern work environment - connected, open and productive. With concepts such as open office layout, virtual meeting rooms, seamless breakout and huddle zones, the new office promotes culture of collaboration and creativity.

Speaking at the inauguration, Mr. Dharmesh Arora - CEO Schaeffler India said, "This is a significant milestone as we continue our One Schaeffler India journey of leveraging the synergies and opportunities our three strong brands - LuK, INA and FAG present. The consolidation of our offices means that corporate and sales functions will operate together as one organization, as one team under one roof, enabling faster and efficient collaboration to serve our customers better. New office is another important milestone towards positioning ourselves as an Employer of choice."

Shares of Schaeffler India Ltd was last trading in BSE at Rs.4015 as compared to the previous close of Rs. 4064.15. The total number of shares traded during the day was 143 in over 81 trades.

The stock hit an intraday high of Rs. 4054.65 and intraday low of 4015. The net turnover during the day was Rs. 576768.


Source: Equity Bulls

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