Schaeffler India appoints Seshan Iyer as President of Industrial business

2023-04-20 | Pune

Pune | April 20, 2023 | Leading industrial and automotive supplier, Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER) today announced the appointment of Mr. Seshan Iyer as President - Industrial India

In his role Seshan Iyer will be responsible for formulating and executing the strategy to drive the growth of Industrial Business for Schaeffler India. He brings over 29 years of rich experience with various organisations in the Industrial Business domain. His last role was with Bonfiglioli Transmission Pvt. Ltd as Vice President Sales & Marketing where he was responsible to steer the Industrial Business for Bonfiglioli in India which included driving OE and Channel Sales, Managing new business development for various Industrial Sectors, Formulate growth strategies, Identify , Develop and Launch new products for target markets and competence building of the sales team. Prior to that, he held various sales leadership roles at Dalmia Refractories Limited, TDW India Limited and Cooper Roller Bearings Company Limited. He was also previously associated with Schaeffler as Head OEM Sales – Heavy Industry & MRO.

Mr. Seshan Iyer will be based at Schaeffler’s India corporate office in Pune and report to Harsha Kadam, Managing Director & CEO. He will be a member of the India leadership team.

Mr. Harsha Kadam, Managing Director & CEO, Schaeffler India said, “Being a global leader in industrial sectors, we are constantly strengthening our leadership talent to achieve our growth plans. We believe that Seshan's rich experience and expertise in the field of sales and accompanying knowledge of the market will ensure Schaeffler India’s growth in the Industrial business sector.”

Commenting on his new role, Seshan said, “I have long admired Schaeffler's innovative solutions and strong commitment to excellence in the industrial sector. Therefore, I was eager to explore the opportunity to join their team and am thrilled to begin my journey with them. I am particularly excited about the opportunity to support Schaeffler India's growth and development in the field of industrial applications. I am confident that by leveraging our collective strengths, we can continue to develop cutting-edge industrial solutions that meet the evolving needs of our customers. I look forward to working with the talented and passionate team at Schaeffler India to achieve our shared vision for success in the industrial sector.”

About Schaeffler Group

Schaeffler Group – We pioneer motion As a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking inventions and developments in the fields of motion and mobility for over 75 years. With innovative technologies, products, and services for electric mobility, CO₂-efficient drives, chassis solutions, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable – over the entire life cycle. The technology company manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of EUR 15.8 billion in 2022. With around 83,000 employees, Schaeffler is one of the world’s largest family companies. With more than 1,800 patent applications in 2021, Schaeffler is Germany’s third most innovative company according to the DPMA (German Patent and Trademark Office).

About Schaeffler India Limited

Schaeffler has been present in India for over 50 years. With 3 well known product brands LuK, INA and FAG, 4 manufacturing plants and 8 sales offices, Schaeffler has a significant presence in India. Schaeffler is among the largest Industrial and Automotive supplier with sales of INR 68.7 billion in 2022 and around 3,190 employees. The manufacturing plants in Maneja and Savli (Vadodara), produce a vast range of ball bearings, cylindrical roller bearings, spherical roller bearings and wheel bearings that are sold under the brand name of FAG. The plant at Talegaon near Pune, manufactures engine and powertrain components for front accessory drive system, chain drive systems, valve train, gear shift systems and a range of needle roller bearings and elements, under the brand INA. The fourth manufacturing location is based out of Hosur, producing a wide range of clutches and hydraulic clutch release systems for passenger cars, light commercial vehicles, heavy commercial vehicles and tractors sold under the brand of LuK. Schaeffler also has the largest after-market networks serving the industrial and automotive customers. All of this is backed by dedicated engineering, research and development support based in India in support of product teams.