Pune

Schaeffler India Limited, a leading automotive and industrial supplier, has appointed Sumithasri Eranti as the new Chairperson of the Board of Directors. Eranti has been an independent director of Schaeffler India Limited Board since 2020. She is also the chairperson of board of directors at Aviva Life Insurance company India limited and has been associated with other companies as a board member. 

With over 25 years of experience in business leadership, technology, consulting and financial services industry, Eranti brings a wealth of knowledge and experience to her new role. She has held various roles in technology companies - global service portfolio leadership, CXO collaboration, P&L ownership, large account management, business consulting and product development. She possesses multi-cultural experience of living/working in 11 countries including Germany, India, USA, UK and The Netherlands.

Eranti takes over as the Chairperson from Avinash Gandhi who retired after leading the company for over 20 years. Eranti will lead the board in its mission to drive Schaeffler India's growth and success. Under her guidance, the company aims to continue its focus on innovation and commitment to excellence. The appointment of Eranti as the new Chairwoman of the Board is a significant milestone for Schaeffler India. The company is committed to promote diversity and inclusion. This appointment is a testimony to that commitment.

"I am honoured to have been chosen as the new Chairperson of the Board. I thank the Board of directors for their trust and support. I am excited to work with the talented members of the board and the management team of Schaeffler India," said Sumithasri Eranti.

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 Rs 55.6 billion in 2021 and around 2,922 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.