SKF India Limited completed the demerger of its industrial business on October 1, 2025, separating its operations into two independent entities. The company will continue as SKF Automotive, while the newly formed SKF India (Industrial) Limited will operate as a standalone business focused on manufacturing, infrastructure, and heavy industries.
Existing shareholders will receive one fully paid equity share of SKF India (Industrial) Limited for every share held in SKF India Limited. The industrial entity is expected to list on stock exchanges by November 2025, subject to regulatory approvals.
The industrial business plans to invest between ₹8,000 million and ₹9,500 million through 2030, including the establishment of a manufacturing facility in Pune by 2028. The automotive business will invest between ₹4,100 million and ₹5,100 million by 2030 to expand production capacity at its facilities in Haridwar, Pune, and Bangalore.
The demerger was first approved by the board of directors in the fourth quarter of 2024 and subsequently received clearance from shareholders and regulatory authorities. The decision followed a review of the company's business structure and growth opportunities in different market segments.
According to Mukund Vasudevan, Managing Director of SKF India Limited, the separation allows each entity to focus on distinct market segments. The industrial business will target sectors including railways, renewable energy, cement, mining, and metals. The automotive business will concentrate on electric vehicles, two-wheelers, and wheel-end bearing applications.
SKF India (Industrial) Limited will serve customers in infrastructure development, railway network expansion, and renewable energy sectors. The company plans to expand its distribution channels alongside its manufacturing investments.
SKF Automotive will focus on the mobility sector, serving original equipment manufacturers in the passenger vehicle, commercial vehicle, and two-wheeler segments. The company will expand its service and retail network to support growth in electric vehicle adoption and vehicle premiumization.
SKF India is a subsidiary of Sweden-based SKF Group, a bearing and rotating equipment solutions provider founded in 1907. The group operates in approximately 130 countries with around 17,000 distributor locations worldwide. SKF Group reported annual sales of SEK 103,881 million in 2023 with 40,396 employees globally.