- Business
- Deccan Bearings Limited manufactures and trades a diverse range of ball and roller bearings for the automobile segment, including taper roller bearings, cylindrical roller bearings, steering bearings, needle roller bearings, water pump bearings, clutch bearings, king pin bearings, ball thrust bearings, ball bearings, and spherical roller bearings used in automobiles, pumps, gear boxes, heavy earth moving equipment, and industrial applications; the company operates primarily in India with exports to over 35 countries. Incorporated in 1985 and headquartered in Mumbai, Maharashtra, with facilities including locations in Andheri East and Halol GIDC, Deccan Bearings focuses on quality production certified under ISO 9002 standards, serving domestic and international markets through customized bearing solutions. In recent developments, the company undergoes a mandatory open offer triggered by share acquisitions, including Paresh Gushabhai Satani's agreement in April 2025 to acquire a 52.56% stake from Satyajit Mishra for INR 11.5 million and an August 2024 share purchase agreement by an acquirer for 8.88% stake leading to an offer for up to 26% additional shares at INR 4-10 per share with tendering through October 2025, alongside promoter holding reductions to 5.83%, an upcoming Extra Ordinary General Meeting on December 13, 2025, and its 40th AGM on September 30, 2025 where all resolutions passed.