Timken India Limited
Mirae Asset Mutual Fund increased its stake in Timken India Limited from 1.57% to 1.85%, purchasing 2,11,171 shares.
A manufacturer and distributor of anti-friction bearings, components, and mechanical power transmission products serving diverse industrial sectors across India. Timken India provides maintenance contracts, refurbishment services, and comprehensive industrial solutions to its customer base. Established in 1987, the company operates as part of the global Timken Group, bringing international expertise in bearing technology, mechanical power transmission, and specialized industrial services to multiple industry verticals.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.