SKF India Completes Strategic Demerger, Renames Automotive Arm as SKF Vertevo
SKF India Limited solidified its transformation during its 65th Annual General Meeting on August 14, 2026. The meeting featured a comprehensive business presentation by Managing Director Shailesh Kumar Sharma, focusing on the successful demerger and the strategic evolution of the company into a dedicated automotive solutions provider.Effective October 1, 2025, SKF India Limited entered a new phase of value creation following the demerger of its 'Industrial' business. This strategic shift established two focused entities: SKF India Limited, specializing in automotive applications, and SKF India (Industrial) Limited, catering to industrial needs.
Focusing on Automotive Mobility
SKF India Limited is defined as the trusted automotive arm, offering advanced mobility solutions across over a century of operation in India. The company announced that its automotive business will be branded as SKF Vertevo, a name derived from vertere, Latin for 'to turn' or 'to transform', and evo, short for 'evolution'. This new identity is intended to capture the movement, progress, and change central to the organization's story.The company’s solutions span all mobility segments, including Commercial Vehicles, Passenger Vehicles, Two and Three-Wheelers, Electric Mobility Solutions, Wheel-End Solutions, Drive Control Solutions, and Aftermarket Solutions. The corporate strategy is centered on innovation led by technological and engineering expertise, portfolio rationalization, capacity building for high-growth segments, and focusing heavily on the emerging E-Mobility Segment.
High-Performance EV Technology
In response to the demands of the next era of high-speed Electric Vehicle (EV) performance, SKF has concentrated on developing sophisticated bearing solutions. The company successfully developed a high-speed deep groove ball bearing capable of approximately 20,000 rpm. This solution utilized an optimized cage design and internal geometry to achieve low friction, reduced heat generation, enhanced durability, quieter operation, higher energy efficiency, and improved drivetrain reliability. This technology has been successfully adopted by a leading EV and hybrid vehicle manufacturer. Looking ahead, SKF is focused on developing next-generation cage technology capable of approximately 30,000 rpm for future EV platforms.Financial Highlights for FY 2025-26
The company reported disciplined operations resulting in consistent performance during the financial year 2025-26. Key financial metrics are detailed below:| Metric | Value |
|---|---|
| Revenue from Operations | 21,295 INR Mn |
| Profit After Tax from Continuing Operations | 1,172 INR Mn |
| EBITDA Margin | 15% |
| Earnings Per Share (EPS) | 23.7 INR |
| Book Value per Share | 269 INR |
Commitment to Sustainability and Social Impact
SKF India Limited is dedicated to achieving environmental sustainability, setting ambitious targets including the complete decarbonization of all manufacturing sites by 2030 and a direct material emission reduction of 32% by 2030 from the 2019 baseline. The company has already achieved significant impacts, such as eliminating Scope 2 GHG emissions associated with electricity consumption. Multiple manufacturing sites reported substantial energy savings, including over 500 MWh annually at the Haridwar site and over 3,010 MWh annually in Pune due to various energy saving projects. Both Bengaluru and Haridwar plants have been certified as water positive.The company received external recognition for its commitment to clean energy, notably being awarded Gold Supplier -Clean Energy Champion by TVS Motor Company at the Supplier Sustainability Summit 2025. Additionally, SKF India Limited was recognized at the HMSI Supplier Convention 2026 for advancing Honda's sustainability agenda through close collaboration on water neutrality and carbon reduction initiatives.
In terms of social commitment and employee development, the company reported significant achievements:
| Initiative | Metric/Achievement |
|---|---|
| WeGyaan (STEM Education) | 17,000+ students benefited across 4 major regions; 55% female participation in rural districts. |
| Udaan Scholarship | Supported 80 Divyaang students. Employed 78 women with an average salary of INR 4.5 LPA. |
| Employee Engagement | Average Salary Offered: INR 14,941/- Months (reflecting a 23% increase year over year). Retention Rate among placed candidates stood at 68%. |
| Gothia Cup | Achieved back-to-back wins in Special Olympics. |
The company reaffirmed its commitment to corporate responsibility through initiatives focused on education, inclusion, and community upliftment.
SKFINDIA Stock Price Movement
Shares of SKF India Limited slipped on Friday, shedding 2.51% to settle at ₹1573.30. The stock saw a traded volume of 50,759 shares during the previous session.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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