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

02 Aug 2023

SKF India Q1FY24 PBT at INR 207.6 cr

Revenue from operations of the company for the quarter was at INR 1149.6 crore compared to INR 1054.7 crore in the Q1 of the previous year.

09 Feb 2023

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.

28 Oct 2020

Bearings maker SKF beats forecasts again as demand recovers

The company, whose bearings are used in sectors ranging from construction and transport to mining and wind power, said demand had rebounded from the pandemic-ravaged second quarter, with the automotive sector among the markets seeing an improvement.

19 Feb 2015

SKF India net sales up 6%, PAT rises by 22% in 2014

The Board of Directors have recommended a final dividend of 25% for the year 2014, which together with the interim dividend of 75% paid in September 2014, makes a total dividend of 100% for the year 2014.

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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