SKF India Limited

Company limited by Shares (2) 1864+ employees

SKF India Limited Description

SKF India Limited was established in the year 1961 and is headquartered in Mumbai. The company manufactures bearings like deep groove, taper roller and various other types. These products are used by various industries that includes automotive, power generation, cement, steel, petrochemical and textile. The company provides industry based solutions with the help of its five technology-centric platforms: seals, mechatronics, lubrication solutions, bearings and units and services. The company is evolving from being a manufacturer of ball bearing company to a knowledge driven engineering company. They are now able to help their customers to achieve the sustainable and competitive business excellence. The company also has an employee base of over 2600 professionals. The company has diversified its operations in three different companies: SKF India Limited, SKF Technologies (India) Pvt Ltd and Lincoln Helios India Ltd. The company manages to offer sustainable ways for their customers across automotive and industrial sectors to secure breakthroughs in energy efficient, friction reduction and equipment longevity and reliability. The company has been serving the national market for more than three decades by manufacturing high quality bearings. The company has three manufacturing facilities that are situated in Pune, Bangalore and Haridwar and has more than eleven sales offices across the country with a supply network of more than 300 distributors. The company SKF was initially started in Sweden. The company manufactured and supplied bearings, seals, lubrications and lubrication systems, power transmission products and related services all across the globe. They are the largest manufacturers of bearings currently. The group currently consists of about 150 companies. They started with their operations in India in the year 1923 by creating a trading outpost in the city of Calcutta. Earlier, they imported automotive bearings.

SKF India Limited Overview

INDIA HO
MUMBAI
COMPANY SIZE
1864+ employees
CIN
L29130MH1961PLC011980
TYPE
Public
CATEGORY
Company limited by Shares
SUB-CATEGORY
Non-govt company
WEBSITE
http://www.skf.com
EMAIL
pradeep.bhandari@skf.com
FOUNDED
12 Apr,1961
PAID-UP CAPITAL
52,732,538
AUTHORISED CAPITAL
1,000,000,000
N/A Related OEMs
N/A No. of plants

Company Breakup

Name share
Foreign Holdings
12.34%
Others
0.01%
Bodies Corporate
57.03%
Mutual Funds
16.77%
Individuals
9.78%
Banks
4.07%
Total Number Of Shareholders 49231
Shareholding As On 2017-07-28

SKF India Limited in News

23 Oct 2021

India won’t commit to ‘net zero’ goal at COP26

Though India is not against ‘net zero’ goal per se, the country will not commit to the 2050 timeline. It will strongly underline its demand for the developed world sticking to the principle of common but differentiated responsibility and the need to deliver on climate change mitigation finance.

22 Oct 2021

US car sharing co Zipcar drives into Bengaluru

Zipcar’s Bengaluru centre underscores tech disruptions centered around reinventing car ownership. Ride-hailing app Uber too is expanding its engineering team in India -- it wants to hire 250 engineers across its Bengaluru and Hyderabad centres to take its total strength to 1,000 by this year-end.

21 Oct 2021

Maintain existing taxes on fuel: IMF India’s ex-chief

Alfred Schipke, director, IMF-STI Regional Training Institute and former IMF India Mission chief, who led the 2021 assessment of India’s macroeconomic situation by the multilateral agency, told TOI that reducing fuel taxes in general disproportionately benefits higher-income households.

19 Oct 2021

China’s Dao EV Tech to produce 2Ws in India, plans export to America, Europe

The Chinese EV maker, formed by a group of investors from China, India and USA, opened bookings for its electric scooters in India on Thursday. Deliveries are scheduled for mid-January. After subsidies the scooter will cost INR 86,000 . The company plans to make India an export base and it will launch at least two new models every year, the company said.

18 Oct 2021

EEPC plans chapters in tier II & III cities to boost engineering exports

The Engineering Export Promotion Council of India has decided to go deep in tier-II and III cities to encourage firms in the smaller towns to join the global value chain and production networks. "Our strategy is to create more engineering exporters by moving into smaller towns all over the country through the opening of EEPC India chapters," EEPC chairman Mahesh Desai said.

17 Oct 2021

Sri Lanka seeks $500 mn loan from India for fuel purchase

The state-run Ceylon Petroleum Corporation (CPC) owes nearly USD 3.3 billion to the two main government banks -- Bank of Ceylon and People's Bank. The state oil distributors imports crude from the Middle East and refined products from other areas, including Singapore.

14 Oct 2021

Kia India drives in Sonet anniversary edition at Rs 10.79 lakh

"The Sonet has been one of our breakthrough products that have contributed to Kia's success in India. With sales of more than one lakh units in less than a year, the Sonet has already established itself as one of India's highest-selling compact SUVs.

13 Oct 2021

Indian economy is recovering from COVID-19 crisis: World Bank President

Malpass said he went to India in late 2019 and saw the changes that were being made that were quite positive in terms of the banking system, the financial system, the civil service system, and ways that India was looking for ways to improve the clean water situation which is very important in India for child nutrition for improving nutrition.

13 Oct 2021

India’s oil demand to rise 50% by 2030 against global expansion of 7%: Report

India’s oil consumption is forecast to rise from 4.8 million barrels per day (mbd) in 2019 to 7.2 mbd in 2030 and 9.2 mbd in 2050, as per the IEA’s key scenario based on stated policies. The projection shows the centrality of oil in the Indian economy over the next three decades and runs counter to BP’s forecast last year that estimated the country’s oil demand to peak in 2025.

09 Oct 2021

Taiwan views India as an attractive investment destination

Speaking to TOI ahead of Taiwan’s National Day on October 10, Wang said a Taiwanese industrial cluster was likely to come up in a southern part of India, and Taiwan Electrical and Electronic Manufacturers Association (TEEMA) would also ramp up steps to have bigger footprint in India.

06 Oct 2021

New drone policy will benefit people living in remote areas: PM Modi

"Recently, many policy decisions were taken so that farmers, patients, people living in remote areas get maximum benefits from drone technology," said PM Modi, while interacting with the beneficiaries of the Svamitva scheme from Madhya Pradesh via videoconferencing.

Directors of SKF India Limited

Name DIN Email Designation Date of joining
Bernd Dieter Stephan Unlock to View Unlock to View Director 08 Jun,2017
Hema Ashok Hattangady Unlock to View Unlock to View Director 18 Jul,2014
Prakash Manjanath Telang Unlock to View Unlock to View Director 23 Oct,2012
Prasad Raghava Menon Unlock to View Unlock to View Director 08 Mar,2011
Shishir Joshipura Unlock to View Unlock to View Managing director 01 Dec,2009
Rakesh Radhakishen Makhija Unlock to View Unlock to View Director 01 Jun,2002

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