abhishreshthaa
Abhijeet S
SKF is the world's leading technology & solutions provider of bearings, seals, related products, systems and services to the Aerospace, Automotive, Electrical and Industrial sectors.
SKF AB, Sweden is the world leader in bearings and has an annual turnover of around SEK37bn. SKF AB was formed in 1907 when it invented self-aligning ball bearing. Almost all the bearings available in the market today have been designed and developed by SKF AB.
Its business operations currently span over 130 countries and 90% of its turnover comes from overseas ventures.
SKF began operations in India in the ’30s as a sales company. It was incorporated in its present form in 1961, jointly by the international giant SKF Sweden, SKF UK and Investment Corporation of India (of the Tata group). SKF Sweden holds 51% of the equity.
SKF in India is a Rs 6000 M business with three production facilities and employs over 2000 people. With an extensive and growing network of over 225 distributors across the country, the company enjoys a majority market position.
The company offers integrated mechanical and engineering services, preventive and predictive maintenance, thereby enhancing the total life cycle of the customers' assets and helps reduce their 'total cost'. With its forward thinking approach, the organization has continuously maintained customer satisfaction by developing new high quality products and solutions.
Manufacturing activities began with the commissioning of the Pune plant, which currently has a capacity to manufacture 22.25mn bearings. Its second plant came up in 1990, at Bommasandra at Bangalore, with an installed capacity of 40mn bearings.
This state of the art plant is one of the most modern, with a high degree of automation. In FY94, Skefko India Bearing Co Ltd (Skefko), a group company engaged in trading of bearings was merged with SKF. The merger now enables SKF to cater to customers requirements of both domestic and imported bearings.
SKF AB, Sweden is the world leader in bearings and has an annual turnover of around SEK37bn. SKF AB was formed in 1907 when it invented self-aligning ball bearing. Almost all the bearings available in the market today have been designed and developed by SKF AB.
Its business operations currently span over 130 countries and 90% of its turnover comes from overseas ventures.
SKF began operations in India in the ’30s as a sales company. It was incorporated in its present form in 1961, jointly by the international giant SKF Sweden, SKF UK and Investment Corporation of India (of the Tata group). SKF Sweden holds 51% of the equity.
SKF in India is a Rs 6000 M business with three production facilities and employs over 2000 people. With an extensive and growing network of over 225 distributors across the country, the company enjoys a majority market position.
The company offers integrated mechanical and engineering services, preventive and predictive maintenance, thereby enhancing the total life cycle of the customers' assets and helps reduce their 'total cost'. With its forward thinking approach, the organization has continuously maintained customer satisfaction by developing new high quality products and solutions.
Manufacturing activities began with the commissioning of the Pune plant, which currently has a capacity to manufacture 22.25mn bearings. Its second plant came up in 1990, at Bommasandra at Bangalore, with an installed capacity of 40mn bearings.
This state of the art plant is one of the most modern, with a high degree of automation. In FY94, Skefko India Bearing Co Ltd (Skefko), a group company engaged in trading of bearings was merged with SKF. The merger now enables SKF to cater to customers requirements of both domestic and imported bearings.