FAG Bearings India FAG Bearings was incorporated in 1962. Schaeffler Group, Germany, is the promoter of the company, with a 51 per cent stake. It is the world's second largest rolling bearing manufacturer. In India, FAG is the second largest player in the bearings industry, with a market share of about 18 per cent. FAG's exposure to the auto segment is 35 per cent and industrial bearings contribute to 51 per cent of the revenue. Sixteen per cent