India’s Top 500 Companies 2019

INDIA’S TOP 500 COMPANIES 2019 168 Advertorial SKF India Limited Background The origins of SKF India Ltd (SKF) dates back to 1923, with the establishment of a trading arm of the SKF Group in Kolkata. The company was eventually incorporated in 1961. SKF is a leading player in the bearings and related components segments, with application across a wide range of industries such as oil & gas, cement, defence, logistics, renewable energy, and automotive, among others. Over the years, the company has evolved from being a manufacturer of ball bearings to a knowledge-driven integrated solutions provider, helping customers achieve sustainable and competitive advantage. Business Overview SKF is one of the leading providers of industrial and automotive engineered solutions through five technology-centric platforms, namely bearings and units, seals, mechatronics, lubrication solutions and services, catering to more than 40 industries. The company’s products and services span across solutions like friction reduction, energy efficiency, equipment longevity and reliability, technical support, maintenance and reliability services, engineering consulting and training. Through its associate SKF Technologies (India) Ltd, the company also provides sealing solutions and industrial bearings, thereby offering a holistic value proposition to its customers. Business Network SKF in India has six manufacturing facilities located in Pune, Bengaluru, Ahmedabad, Mysore, and Haridwar and 12 offices. SKF’s extensive client base spans key sectors, serving as many as 40 segments including automotive, heavy industry, energy, industrial machinery, oil & gas, paper and pulp and food&beverage amongst others. The company’s value chain is spread across 130 countries, with more than 17,000 distributors across 450 locations. Key Highlights of FY18 During FY18, SKF introduced a new strategic value proposition of Rotating Equipment Performance (REP) , which has emerged as a key differentiator between SKF and its competition in terms of detecting, analysing and resolving customer issues. Under this value proposition, the company offers an integrated approach to help customers improve their rotating equipment performance, run their machines and equipment in a trouble-free manner, reduce unplanned downtime, reduce operating costs and reduce total cost of ownership. REP enables connect machinery using IoT-enabled monitoring solutions and using Big Data analysis to gain insights into the health and performance of rotating equipment. The REP proposition enables asset health management, a move from time-based reactive to predictive maintenance, and remote monitoring of health of machines. It also supports increased speed & output, machine condition monitoring through SKF’s Remote Diagnostic Center and online spindle monitoring. This new proposition is targeted at at all industries which require a certain performance from their rotating equipment. SKF also developed Super Precision Bearings (SuPB) , which are pre-loaded bearings, created for the rear axle application for trucks. The product was found to be so effective and impactful that it allowed Auto OEMs to increase warranties to their end customers. The Insert Bearing Unit - UC range was launched in India, designed to be interchangeable with Japanese Industrial Standards (JIS) equipment. It offers improved productivity, is extremely easy to use and is simple to order. The new range of bearing units are developed to match various operational and application conditions. These bearing units have a set screw locking feature to operate in environments where systemic vibrations are a part of the characteristic operating conditions. This range caters to the material handling industry, conveyors, food process machinery, packing equipment, agriculture industry, HVAC equipment, and construction and metal industries. Financial Snapshot (In ` mn) Total Income 28,761.8 Net Profit 2,958.9 Networth 18,373.1 Ratios NPM (%) 10.3 RONW (%) 16.1 Current Ratio (times) 3.3 (As on Mar 31, 2018) Management Details Chairman Gopal Subramanyam Managing Director Manish Bhatnagar Chief Financial Officer Anurag Bhagania Independent Directors Prasad R Menon Prakash M Telang Hema Hattangady Anu Wakhlu Non-Independent Directors Bernd Stephan Werner Hoffmann Aldo Cedrone Company Secretary Pradeep Bhandari (As on May 15, 2019) Address & Website Registered Office Mahatma Gandhi Memorial Building, Netaji Subhash Road, Charni Road (West), Mumbai - 400002, Maharashtra Corporate Office Chinchwad, Near Chapekar Chowk, Pune - 411033, Maharashtra www.skf.com/in/ Manish Bhatnagar Managing Director Dun & Bradstreet D-U-N-S® No 65-005-3408 Top 500 Ranking Income 282 Net Profit 216 Networth 266 Dun & Bradstreet