Mumbai: SKF India Ltd. announced that it has completed the demerger of its industrial business, effective October 1, 2025. The company said the move will create two independent entities — SKF Industrial and SKF Automotive — with the industrial entity expected to be listed by November 2025, subject to approvals.
Under the terms of the separation, shareholders of SKF India Ltd. will receive one equity share of SKF India (Industrial) Ltd. for every share held in the parent company. SKF India Ltd. will continue as the automotive-focused entity.
According to the company, the demerger was first approved by its board in the fourth quarter of 2024 and subsequently cleared by shareholders and regulators. The separation is intended to sharpen strategic focus, allocate capital more effectively, and provide greater transparency for stakeholders.
SKF Industrial will focus on manufacturing, infrastructure, railways, renewables, cement, mining, and metals. The company has outlined investment plans of ₹8,000–9,500 million through 2030, which include establishing a new manufacturing facility in Pune by 2028.
SKF Automotive will concentrate on electric vehicles, two-wheelers, wheel-end bearings, and other mobility-related areas. It plans to invest ₹4,100–5,100 million by 2030 to expand capacity at its facilities in Haridwar, Pune, and Bangalore.
“The demerger is a defining moment in SKF India’s journey,” said Managing Director Mukund Vasudevan. “By creating two focused and independent companies, we are aligning ourselves with India’s twin growth engines — industrialization and mobility.”
Both entities will operate with independent boards and governance structures while continuing to leverage SKF’s global technology and innovation network, the company said.