he story of Eaton in India is that of a journey of a firm beginning, focused expansion and steady growth. Eaton entered India in the year 1999 through the global acquisition of Aeroquip Vickers. Today, with 18 locations and seven manufacturing facilities, all of Eaton’s businesses are well represented in India.
With a clear view to expanding its presence in India, Eaton has established many new entities.
Growth Timeline in India
- April 1999 - With the global acquisition of Aeroquip Vickers, Eaton acquired two manufacturing plants for hydraulic components and systems in Maharashtra.
- January 2002 - The Mumbai hydraulics plant was merged into the Pune operations. June 2003 - An Eaton India Engineering Center was established in Pune to focus on product development and engineering effort for Eaton's global markets.
- March 2004 - A team was formed in India as an extension of Eaton's global sourcing effort, to tap the immense sourcing potential that India offers.
- June 2004 - As Eaton completed its acquisition of Powerware from Invensys, the New Delhi-based facilities of Powerware were also integrated into Eaton's India operations.
- June 2005 - A Global Support Service Center was established in Pune as an India-based customer center, serving hydraulics and aerospace customers in the U.S., Europe and the Asia Pacific region.
- June 2005 - The de-listing of VSIL shares from the Mumbai and Pune Stock Exchanges was completed, paving the way for a wholly owned Eaton entity status. As of September 2006, Eaton holds 97.6 percent of VSIL.
- November 2005 - Asia Pacific Shared Services Center was set up to serve the Asia Pacific markets for transaction management, invoice receipt and matching, accounts payable, accounts receivable and general ledger accounting.
- January 2006 - The India Information Technology Center was set up to provide information technology security for Eaton users.
- October 2006 - Eaton's Truck Component Operations began plans for India operations with the acquisition of industrial land in Ranjangaon, Maharashtra for a new manufacturing facility.
- November 2007 - The construction of the Truck greenfield plant in Ranjangaon was completed.
- February 2008 - The name Vickers Systems International Ltd. was legally changed to Eaton Fluid Power Ltd.
- March 2008 - Eaton inaugurated its state-of-the art Professional Services Center in Kharadi, Pune.
- August 2008 - Eaton purchased the engine valve components division of Kirloskar Oil Engines Ltd., located in the cities of Ahmednagar and Nashik, in the western state of Maharashtra, India.
- April 2011 - Eaton announced the opening of an integrated test lab for its vehicle and hydraulics products at Ranjangaon, in the existing truck components plant premises.
- November 2012 - Eaton completed the acquisition of electrical equipment supplier Cooper Industries plc. Cooper locations in India include: Chennai and Pondicherry.
- March 2013 - Eaton inaugurated its Filtration division's manufacturing facility in India.
- April 2016 - Eaton announced the establishment of India Innovation Center at Magarpatta City in Pune.