SKF India (Industrial) Ltd. Lists on Bourses; earmarking ₹8,000–9,500 million through 2030 underscoring its commitment towards India’s growth journey

SKF India (Industrial) Ltd. Lists on Bourses; earmarking ₹8,000–9,500 million through 2030 underscoring its commitment towards India’s growth journey

National, 05 December 2025: SKF India (Industrial) Ltd., the newly demerged industrial business of SKF India (NSE: SKFINDIA), was formally listed today on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), marking a defining milestone in its independent growth journey.

The listing ceremony at NSE was attended by senior leadership of the SKF India (Industrial), along with Mukund Vasudevan, Managing Director, SKF India (Industrial) Ltd. and President – India, Southeast Asia and Middle East, as well as members of the India leadership team.

“"Today’s listing marks a pivotal step in our 102-year India journey. As an independent, listed Industrial company, SKF India (Industrial) will have the ability to serve Global Industrial customers better, design and manufacture products in line with these industrial customers' needs, and allocate capital more effectively. India is entering a phase of rapid infrastructure build-out and manufacturing growth. SKF India (Industrial) is well positioned to capture this wave with corresponding investments that reflect our confidence in country's trajectory.” Mukund Vasudevan said.

The demerger of SKF India into two independent entities—SKF India (Industrial) Ltd. and SKF India Ltd.—was completed pursuant to the Scheme of Arrangement approved by the National Company Law Tribunal (NCLT) in 2025. The Scheme became effective on 1 October 2025, following all statutory and regulatory approvals.

Under the approved structure, the industrial business—comprising bearings, units, condition monitoring solutions, engineering services, and industrial distribution—was transferred into a separate, fully operational entity with its own P&L, governance, and capital allocation framework.

The demerger creates two sector-focused, strategically independent organizations, enabling sharper market orientation, faster decision-making, and enhanced long-term value creation for shareholders.

As a standalone entity, SKF India (Industrial) Ltd. announced a planned capital investment of ₹8,000–9,500 million through 2030, enabling capacity expansion, localisation of high-value components, and accelerated technology deployment across its India operations.

A key element of this roadmap is the establishment of a new manufacturing facility in Pune by 2028, designed to strengthen the company’s industrial supply chain and support rising demand across sectors such as manufacturing, railways, renewables, cement, metals, and heavy engineering.

India continues to anchor SKF’s innovation architecture through the Global Technical Centre in Bengaluru (GTCI), which co-creates solutions for global R&D programs in rotating equipment performance, digital engineering, and AI-enabled industrial applications.

The company plans to deepen its engineering, digital, and software talent base in India as part of its global strategy to accelerate development cycles and deliver locally relevant, globally competitive solutions.

SKF India (Industrial) Ltd.’s localization and manufacturing expansion plan is designed to build a resilient value chain with faster customer response, shorter lead times, and enhanced supply reliability.

The company is embedding sustainability, precision manufacturing, and digital capabilities across its operations to support sectors integral to India’s economic growth and Southeast Asia’s emerging industrial needs.

About SKF

Since 1907, SKF has been making some of the world’s most innovative bearings, seals, lubrication systems, condition monitoring solutions, and services to reduce friction. Less friction means more energy saved and by reducing it, we make industry smarter, more competitive, and more energy efficient, building a more sustainable future where we can all do more with less. SKF is represented in approximately 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2024 were SEK 98,722 million and the number of employees was 38,743.www.skf.com ® SKF is a registered trademark of the SKF Group.