SKF India (Industrial) Ltd. began trading on the National Stock Exchange and Bombay Stock Exchange on Friday, following the completion of its demerger from SKF India. The newly independent entity announced capital investments of ₹8,000-₹9,500 million through 2030.
The demerger, approved by the National Company Law Tribunal in 2025, became effective on October 1. It split SKF India into two separate companies: SKF India (Industrial) Ltd., focused on bearings, units, condition monitoring solutions, engineering services, and industrial distribution and SKF India Ltd.
Managing Director Mukund Vasudevan, who also serves as President for India, Southeast Asia and Middle East, said the independent structure would enable better service to global industrial customers and more effective capital allocation. He positioned the move as aligned with India’s infrastructure and manufacturing expansion.
The investment roadmap includes establishing a new manufacturing facility in Pune by 2028 to support demand from railways, renewables, cement, metals and heavy engineering sectors. The company plans to expand its engineering and digital capabilities through its Global Technical Centre in Bengaluru.
SKF India (Industrial) operates as part of the SKF Group, which has been manufacturing bearings and related products since 1907. The parent company reported annual sales of SEK 98,722 million in 2024 with 38,743 employees across approximately 130 countries.