SKF India is separating its automotive and industrial businesses into two independently listed entities through a demerger. As part of this restructuring, the company’s Bangalore facility has been substantially allocated to the automotive business. The Haridwar plant has also been fully allocated to automotive. The Pune plant currently supports both segments, and a new manufacturing facility is being established for the industrial business.
Following the global announcement by parent company AB SKF to list its automotive business separately on Nasdaq Stockholm, the Indian demerger was approved by SKF India’s Board of Directors on December 26, 2024. The new entity, SKF India Industrials, will issue one equity share for every share held in SKF India. Both companies will maintain a mirror shareholding structure and be listed on the BSE and NSE.
For the financial year ended March 31, 2025, SKF India reported consolidated revenue from operations of INR 49.2 billion, an increase of 8% over the previous year. Profit before tax rose 4% year-over-year to INR 7.63 billion.
Segment-wise, the industrial business accounted for 52% of annual sales, growing 10% year-on-year. The automotive segment represented 40% of revenue and grew 6%, while exports contributed 8% with a 3% increase over the previous year.
In the fourth quarter (January–March 2025), SKF India reported consolidated revenue of INR 12.13 billion, up 1% from the same quarter last year. Profit before tax for the quarter was INR 2.76 billion, reflecting a 20% year-on-year increase. The company also reported improved operating margins during the quarter.
“We recorded a year-on-year revenue growth of 8% and a 4% increase in profit before tax, reflecting our continued focus on disciplined execution and strategic agility in a dynamic market. The growth was underpinned by strong demand and solid performance across sectors. We have made steady progress in deepening customer engagement, expanding local manufacturing capabilities, and accelerating digitalization across our operations,” said Mukund Vasudevan, Managing Director of SKF India.
SKF India is a subsidiary of Sweden-based AB SKF. The company manufactures and supplies bearings, seals, lubrication systems, and condition monitoring solutions. It operates multiple manufacturing plants and research centres in India, serving both industrial and automotive sectors.