Timken India Limited, a manufacturer of industrial motion products, reported that it invested approximately 12 percent of its annual revenue during FY 2024–25 to expand production capacity, implement automation, and support digital transformation initiatives. The company’s investment strategy emphasized infrastructure upgrades and technology absorption, supported by a strong balance sheet and steady cash flows.
According to the company, capital expenditure during the year included the acquisition of machinery, proprietary capital tooling, and gauges used in manufacturing. These tools are custom-designed by Timken and are not available as standard products from third-party vendors.
The company’s carrying value of property, plant, and equipment (PPE), including right-of-use assets and capital work-in-progress (CWIP), increased by INR 4,480 million over the previous year. This rise was largely driven by the manufacturing project at the Bharuch facility, which remained classified under CWIP at year-end. Regular depreciation of existing PPE partly offset the net increase.
“Our growth continues to be investment-led. We remained focused on our long-term priorities, investing approximately 12 percent of revenue during the year to expand capacity, adopt more automation, strengthen infrastructure, and accelerate digital transformation. We make these investments not only to meet growing demand, but also to position ourselves for the opportunities of tomorrow. This strong financial foundation allows us to absorb uncertainties, navigate market fluctuations, and act with confidence at all times,” said Sanjay Koul, Chairman and Managing Director of Timken India.
The company’s technology absorption efforts during the year included enhancements to manufacturing processes, automation of quality assurance systems, and new product development. These initiatives aimed to boost process innovation, product differentiation, and operational efficiency.
Timken India Limited, a subsidiary of The Timken Company, operates in the engineered bearings and industrial motion segments. Its manufacturing and engineering capabilities are based in India, with products supplied to both domestic and global markets. The company’s product portfolio includes tapered, cylindrical, and spherical roller bearings, catering to sectors such as automotive, railways, industrial equipment, and renewable energy.
