SKF India posts 11% revenue growth in Q3 FY23
Focus on pricing actions, robust cash flow momentum, and capital discipline combined with portfolio management helped the company improve its overall margin and strong financial results.
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.
|Name||DIN||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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