Tata Consultancy Services to Partner with SKF on Global AI-Led Business Transformation

Tata Consultancy Services to Partner with SKF on Global AI-Led Business Transformation​

Tata Consultancy Services (TCS) has entered into a strategic partnership with SKF to accelerate intelligent transformation across the latter's global operations. Through this collaboration, TCS aims to help SKF build a future-ready digital enterprise, leveraging Artificial Intelligence (AI) to reimagine industrial manufacturing processes worldwide.

The long-term agreement involves modernizing SKF's existing IT landscape and establishing a robust AI foundation to drive greater agility, resilience, and operational efficiency across the enterprise.

Scope of Digital Transformation​

As part of this comprehensive engagement, TCS will provide end-to-end managed services spanning applications, infrastructure, data, end-user services, security, and connectivity globally. The partnership will utilize TCS's deep manufacturing and IT expertise combined with AI-led agentic workflows to simplify and modernize SKF's global technology landscape.

The scope of work includes standardizing operations, strengthening the domain-led technology architecture, modernizing core infrastructure, and accelerating the design and adoption of a next-generation Enterprise Resource Planning (ERP) platform.

Rickard Gustafson, CEO of SKF, emphasized the industry shift, stating that the next decade of industrial manufacturing will be defined by the integration of AI into design, production, and service. He added that the collaboration with TCS is about building the operational and AI foundations necessary to set new standards for precision and customer value across the industry.

K. Krithivasan, MD and CEO of Tata Consultancy Services, highlighted that the partnership centers on modernizing SKF's global IT landscape. He stated that together, the companies are applying data-driven intelligence and AI to create an agile enterprise capable of adapting to technological and market changes while supporting long-term growth.

This partnership will enable SKF to establish a globally connected operating model. This model combines centralized, AI-enabled systems and harmonized processes while maintaining the flexibility needed to meet diverse local market needs. TCS's full stack AI approach, covering infrastructure to intelligence, will create a fit-for-purpose operating environment for the industrial value chain, enhancing customer centricity and market differentiation.

Corporate Backgrounds​

SKF
Since 1907, SKF has provided innovative solutions in bearings, seals, lubrication systems, and condition monitoring. The company is represented in approximately 130 countries and has about 17,000 distributor locations worldwide.

For detailed figures, the annual sales in 2025 were SEK 91,583 million, and the number of employees was 37,271. SKF's shares are listed on Nasdaq Stockholm.

TCS
Tata Consultancy Services has been recognized as a global leader in IT services, consulting, and business solutions since its inception in 1968. The company set an aspiration to become the world's largest AI-led technology services company, enabling clients to transform across the full AI stack, from infrastructure to intelligence.

TCS generated consolidated revenues of over US $30 billion in the fiscal year ended March 31, 2026.

Strong Presence in the Nordics​

The new partnership builds on TCS's strong foothold in the Nordic region, where it has been operating since 1991. Over 20,000 TCS employees currently support leading enterprises in Sweden, Finland, Norway, and Denmark. TCS has maintained a significant presence in Sweden for over thirty years, with offices in Stockholm, Gothenburg, and Malmö.

TCS has received recognition as a 'Top Employer' in Europe for fourteen consecutive years by the independent Top Employers Institute and was ranked number one in Sweden in 2026. Furthermore, TCS has consistently been ranked among the top IT service providers for customer satisfaction in Europe, securing the number-one position in Sweden in 2026.

TCS Stock Price Movement​

Shares of Tata Consultancy Services Limited today slipped by 0.31% to settle at ₹2269.1. The equity saw a substantial trading volume of 1.67 million shares, contributing to the session's movement.