New Delhi: SKF India Limited (NSE: SKFINDIA), a provider of bearings, units, and condition monitoring solutions, has completed the demerger of its Industrial business to create two independent, strategically focused companies – SKF Industrial and SKF Automotive – effective October 1, 2025.
The Industrial entity is slated for listing by November 2025, subject to regulatory approvals.
The demerger, approved by the Board in Q4 2024 and cleared by shareholders and regulators, marks a significant milestone in SKF India’s century-long journey of driving industrial reliability and performance.
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Each shareholder of SKF India Limited will receive one equity share of SKF India (Industrial) Limited for every share held in the parent company, ensuring continued ownership and exposure to two complementary growth stories.
SKF Industrial: Strategic Focus and Investments
SKF India (Industrial) Limited will focus on manufacturing, infrastructure, railways, renewables, cement, mining, metals, and other heavy industries, sectors critical to India’s industrialisation and energy transition.
The company plans to invest ₹8,000–9,500 million by 2030, including a new manufacturing facility in Pune by 2028.
SKF Automotive
SKF Automotive will concentrate on India’s mobility transformation, addressing trends in electric vehicles (EVs), premiumisation, last-mile delivery, hybridisation, and advanced safety technologies.
With planned investments of ₹4,100–5,100 million by 2030 across Haridwar, Pune, and Bangalore, SKF Automotive aims to expand capacities for OEMs and scale its service and retail network.
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Mukund Vasudevan, Managing Director, SKF India Limited, stated, “This demerger is a defining moment in SKF India’s journey. By creating two focused and independent companies, we are aligning with India’s twin growth engines – industrialization and mobility.
SKF Industrial will reinforce its role in India’s manufacturing growth and infrastructure development, while SKF Automotive will expand with the EV and mobility wave. This structure enhances capital allocation, accelerates innovation, and delivers distinct value streams for customers and shareholders.”
The demerger also establishes independent boards and governance for each entity, allowing strategic autonomy while leveraging SKF’s global technology and innovation ecosystem.
For investors, the separation provides sharper performance benchmarks, greater transparency, and differentiated growth opportunities. Together, SKF Industrial and SKF Automotive are set to continue SKF India’s legacy of trust, innovation, and contribution to India’s economic growth.
