SKF India Appoints Mukund Vasudevan as Non-Executive Director; Announces Transition
SKF India (Industrial) Limited has announced a significant change in its directorial structure, confirming the appointment of Mr. Mukund Vasudevan as a Non-executive, Non-Independent Director. This transition follows his departure from previous executive roles within the company.The Board of Directors, following a meeting held on August 11, 2026 and upon the recommendation of the Nomination and Remuneration Committee, approved Mr. Mukund Vasudevan's appointment to the role. The change is effective from September 1, 2026, and remains subject to shareholder approval.
Prior to this appointment, Mr. Mukund Vasudevan had served in an executive capacity, resigning from the board as Managing Director of the Company with effect from the close of business hours on August 31, 2026.
Mr. Mukund Vasudevan, identified by DIN: 05146681, has no reported relationship with any of the Directors, Key Managerial Personnel, or Promoters of SKF India (Industrial) Limited.
The company confirmed that Mr. Vasudevan is not debarred from holding the office of Director by virtue of any order issued by SEBI or any other such authority. The appointment involves a transition in roles, with his designation as Non-executive, Non-Independent Director effective September 1, 2026.
Profile and Qualifications of Mr. Mukund Vasudevan
Mr. Mukund Vasudevan brings extensive experience to the board, possessing over 25 years of entrepreneurial and result-oriented executive leadership. His background spans P&L management, strategy development, sales, and Mergers and Acquisitions across India, the Middle East, and the USA.Key details regarding Mr. Vasudevan are summarized below:
| Detail | Information |
|---|---|
| Name | Mr. Mukund Vasudevan |
| DIN | 05146681 |
| New Role | Non-executive, Non-Independent Director |
| Effective Date | September 1, 2026 |
| Previous Cesser | Managing Director (Cessation effective August 31, 2026) |
| Education | Bachelor of Technology from Indian Institute of Technology (IIT), Mumbai; MBA in Finance and Strategy from the University of Chicago. |
SKF India (Industrial) Limited stated that it will seek necessary approval from Members within three months from the date of appointment of Directors.
SKFINDUS Stock Price Movement
Shares of SKF India (Industrial) Limited shed value on Tuesday, settling at ₹2730 after slipping 0.5%, which equated to a drop of ₹13.70. The stock traded within an intraday range established by a low of ₹2705.3 and a high of ₹2764.3 amidst a total volume of 10,112 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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