SKF India Ltd
NSE: SKFINDIA BSE: 500472
₹1709.70
(2.28)%
Tue, 03 Feb 2026, 11:33 am
Market Cap82.6B
PE Ratio15.76
Dividend0.87
Producer Manufacturing
Metal Fabrication
24.5Kskf india ltd History
1961
- Incorporated on Apr 21 in Mumbai.
- 6,000 shares taken by holding company, 4,000 by Investment Corporation of India Ltd., associates, directors.
1962
- Issued 390,000 shares by prospectus: 234,000 to holding company, 76,000 to Investment Corporation of India etc., 80,000 to public.
1974
- Issued 100,000 bonus shares in 1:4 proportion in March.
1975
- Issued 88,236 shares at Rs 75 premium to resident shareholders as rights.
1980
- Issued 294,118 bonus shares in 2:5 proportion.
1981
- Offered 300,000 13.5% non-convertible debentures redeemable in 4 instalments from Sep 17, 1988.
- Increased debenture interest to 15% from Apr 17, 1982.
1985
- Issued 1,000,000 15% non-convertible debentures, 250,000 privately placed.
- Debentures allotted Mar 1985, redeemable at 5% premium after 7 years.
1986
- Issued 352,941 bonus shares in 2:5 proportion.
1987
- Changed name to SKF Bearings India Ltd. effective Oct 1.
- Technical collaboration with Aktiebolaget SKF for Bommasandra unit.
- Project to increase Chinchwad capacity to 16.8 million ball bearings and 5.5 million taper roller bearings.
- Proposed Bommasandra unit for 9 million ball bearings with SKF Sweden.
- Received letter of intent for 13 million additional ball and roller bearings at Bommasandra.
- Aktiebolaget SKF and subsidiaries hold 1,260,000 of 2,470,590 equity shares.
1988
- Offered 1,400,000 14% non-convertible debentures on rights basis in 7:3 proportion.
- Debentures fully subscribed, redeemable at 5% premium after 7 years from Mar 2, 1989.
1989
- Issued 1,235,295 bonus shares in 1:1 proportion.
- Received letter of intent for 13 million additional ball and roller bearings at Bommasandra.
1990
- Chinchwad unit licensed for 22.35 million ball and roller bearings per annum.
- Bommasandra unit licensed for 26.4 million ball and roller bearings per annum.
- Prepared Capital India Project for letter of intent implementation.
- Offered 4,500,000 14% non-convertible debentures on rights basis in 10:3 proportion.
- Debentures redeemable at 5% premium after 7 years with buy-back for small holders.
1994
- Organized manufacturing into product divisions integrated with SKF Group.
- Issued 44,132 shares to Aktiebolaget SKF in amalgamation of Sketko India Bearing Co. Ltd.
1995
- Entered markets in USA, Italy, France, Singapore, Argentina.
- Evaluated special capacity at Bangalore and Pune for Asian exports.
1997
- Upgraded channels for Deep Groove Ball Bearings and Taper Roller Bearings.
- Assured MRTPC not to insist on whole set of textile drafting components.
1998
- Introduced voluntary retirement scheme from June 1 to July 31.
- Adopted five-point programme to upgrade productivity.
1999
- Signed agreement with Telco for hub bearings for Tata Indica.
- Launched Marlin electronic machine reliability inspection system.
2000
- Entered MoU for sale of two office premises in Mumbai.
- ICRA reaffirmed A1+ rating for Rs 50 crore Commercial Paper programme.
2001
- Reintroduced voluntary retirement scheme at Pune factory.
- SKF increased stake in SKF Bearing India from 51% to 71%.
2002
- Board recommended 10% dividend on increased capital.
- Appointed Rakesh Makhija as Managing Director.
- Tied up with Sundaram Motors for marketing kits in Karnataka and Andhra Pradesh.
- Launched automotive bearing kits for retail market.
2003
- Gunnar Gremlin resigned as Director effective Apr 23, 2003.
- Tom Johnstone resigned as Director effective Apr 24, 2003.
- Christer Gyberg appointed as Director effective Apr 23, 2003.
- K. C. Mehra appointed as Additional Director effective Apr 24, 2003.
- Tryggve Sthen appointed as Additional Director effective Apr 24, 2003.
2004
- G. Borroni resigned as Director effective Dec 29, 2003.
- Changed name to SKF India Limited.
- Launched special bearings for rural market with Texmo Industries.
2006
- Appointed P. Bhandari as Company Secretary effective Jan 4, 2007.
2008
- Appointed Vartan Vartanian as Additional Director.
2009
- Appointed Shishir Joshipura as Managing Director.
- Rakesh Makhija appointed President Asia of SKF Group, relinquishing MD post effective Jan 1, 2010.
2010
- Inaugurated new factory in Haridwar.
2011
- Recommended dividend of Rs. 7 per share including Golden Jubilee dividend of Rs. 1.
2012
- Launched new seal head unit for shock absorbers for off-road vehicles.
- Award-winning project incorporated S2M magnetic bearings for seabed gas compression.
- Launched SKF Low Friction Hub Bearing Unit for cars.
- Celebrated 65 years with Scuderia Ferrari.
2013
- Received Excellent Quality Award from Tesla Motors.
- Launched thermal cameras TKTI 21 and TKTI 31.
- Presented new generation sealing rings by Blohm & Voss Industries.
- Won GROUPAUTO International Supplier of the Year 2013 in Logistics.
- Started deliveries for Volvo S60L built in China.
2014
- Launched condition monitoring sensor for hazardous environments.
- Signed Strategic Partnership Agreement with Envision Energy for wind turbines.
- Offered new Lincoln high performance lubrication multi-line pump.
- Merged Strategic Industries and Regional Sales and Service business areas.
- Awarded Technical Cooperation Award by Goldwind.
2015
- Introduced solution factory in Jamshedpur.
- Launched YES-Youth Empowerment at SKF skill development program.
2016
- Set up 1-MW rooftop solar plant at Pune.
- Installed rooftop solar plant at Bengaluru, combined capacity with Pune 2.1 MW.
- Installed hybrid solar thermal plant at Mysore generating 120 MWh per year.
2017
- Inaugurated first Remote Diagnostic Center in Pune.
- Launched UDAAN Scholarship Program for meritorious girls.
- Announced team for Gothia Cup 2017.
2018
- Introduced railway condition monitoring solution to reduce maintenance costs.
2019
- Launched Green Finance Framework.
- Set new standard for hygienic design with Food Line ball bearing units.
2020
- Collaborated with LumenRadio to enhance automated machine monitoring.
- Partnered with Tata Strive for skill development and vocational training.
2021
- Conducted Goa River Marathon.
- Set up e-commerce platform for online sales.
- Acquired additive manufacturing company.
- Launched scholarships for over 100 underprivileged meritorious girls.
2022
- Signed Virtual Power Purchase Agreement to support renewable energy in Europe.
2023
- SKF India ranked in Top 25 Best Companies to Work for in India.
- Joined forces with CAKE for bearings with lowest carbon emissions.
- Signed EUR 800 million multicurrency revolving credit facility.
- Partnered with Ambuja Cement Foundation to open skill development centre in Rajasthan.
- Renewed partnership with Goa River Marathon.
- Signed VPPA to support renewable energy in Europe.
2024
- Joined new research and innovation project to eliminate greenhouse gas emissions.
- Awarded EcoVadis Platinum Rating for fourth year running.
- SKF India recognized as Top Employer 2024 by Top Employers Institute.
- Signed MOU with Proteus Marine Renewables and GE Vernova for multi-megawatt tidal stream projects.
- Completed acquisition of John Sample Group.
- Awarded EcoVadis Platinum Medal for fifth consecutive year.
Open Your Free Demat Account Now!
Facebook
Twitter
Instagram
LinkedIn
Youtube
Calculators
Popular Calculators
Group Stocks
Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800