SKF India Ltd
NSE: SKFINDIA BSE: 500472
₹1403.30
-12.30 (0.87%)
Sat, 31 Oct 2026, 11:34 pm
Market Cap (in Cr)6938.37
PE Ratio33.09
Dividend2.85
Producer Manufacturing
Metal Fabrication
24.5KSKF India Ltd Company 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.
