• The Company has completed the demerger of its Industrial  business in its ambition to build two successful, independent businesses  effective October 01st, 2025
  • Shareholders to receive one share of SKF India (Industrial) Limited for every share held in SKF India Limited.
  • SKF Industrial to invest ?8,000–9,500 million by 2030, including a new Pune plant by 2028, to drive growth in infrastructure, railways, renewables, and heavy industries
  • SKF Automotive to invest ?4,100–5,100 million by 2030 to expand EV, two-wheeler, and wheel-end bearing capacities across Haridwar, Pune, and Bangalore

Mumbai : SKF India Ltd. (NSE: SKFINDIA), India’s leading technology and solutions provider of bearings and units, condition monitoring, and services, completes the demerger process with an ambition of strengthening its Automotive and Industrial businesses as two independent successful entities, effective October 01, 2025. The listing of Industrial entity is expected by November’2025 (subject to necessary approvals).

The demerger, first approved by the Board in Q4 2024 and subsequently cleared by shareholders and regulators, marks a defining milestone in SKF India’s century-long journey of enabling reliability and performance across industries.

Mr. Mukund Vasudevan, Managing Director, SKF India Limited, said: “This demerger is a defining moment in SKF India’s journey. By creating two focused and independent companies, we are aligning ourselves with India’s twin growth engines— industrialization and mobility. SKF Industrial will strengthen its role as a key backbone of India’s manufacturing growth, infrastructure development, railway network expansion, and renewables (wind) focus. SKF Automotive will scale with the EV, last-mile commercial vehicle and premiumisation wave. This structure strengthens our ability to allocate capital effectively, accelerate innovation, and create distinct value streams for customers and shareholders, while contributing meaningfully to India’s economic transformation.”

The separation has been designed to sharpen strategic focus and unlock long-term value for stakeholders by creating two fit-for-purpose companies with dedicated management teams, capital allocation frameworks, and sectoral priorities.

Each shareholder of SKF India Limited will receive one fully paid equity share of SKF India (Industrial) Limited for every share held in SKF India Limited, which will continue as the Automotive entity, thereby preserving ownership while offering direct exposure to two complementary growth stories.

The rationale reflects a considered approach: aligning with India’s dual priorities of sustainable mobility and industrial competitiveness, enhancing financial visibility, and creating the agility to respond faster to customer needs and sectoral dynamics.

SKF India (Industrial) Limited will pursue growth across manufacturing,  railways, renewables, cement, mining and other heavy industries, and metals—sectors that form the backbone of India’s industrialisation and energy transition. Backed by planned investments of ?8,000–9,500 million through 2030, the company will undertake significant channel expansion and establish a new manufacturing facility in Pune by 2028.

SKF Automotive, meanwhile, will concentrate on powering India’s mobility transformation in an era defined by electrification, 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, the company will expand capacity to meet rising demand from OEMs, reinforcing its role as a partner of choice for vehicle manufacturers while scaling its service and retail network.

With independent boards and governance structures, the two entities will operate with strategic autonomy while continuing to leverage SKF’s global technology and innovation ecosystem.

For investors, the separation provides sharper performance benchmarks, greater transparency, and access to differentiated value streams. Together, SKF Industrial and SKF Automotive will build on SKF India’s legacy of trust and innovation, while positioning themselves as critical enablers of India’s future growth story.