India’s Top 500 Companies 2019

INDIA’S TOP 500 COMPANIES 2019 169 Advertorial Likewise, the company also developed the first-of-its-kind Pinion Bearing . It is a unitised solution, which does away with the need of spacers. It reduces operational efforts and assembly time by 50%, thereby resulting in higher productivity for the customer. During the year, SKF also launched the SNH and SD range of housings and accessories . These housings are cost competitive, easily available and have a better service life. The product incorporates the bearing and is designed to offer maximum service life. These housings are best-suited for material handling, mining, metals, cement, sugar and agricultural industries. During the year, SKF also launched the SKF Heavy Duty Grease Gun . Designed for smooth and trouble free greasing in tough operating conditions, the SKF Grease Gun is suitable for agricultural, automotive, construction and manufacturing industries where operating conditions are harsh. CSR Initiatives SKF Care is the definition of sustainability for SKF. It is one of the core guiding principles of SKF, and the company believes in making a positive social and environmental impact of their business. It initiates, implements and monitors initiatives in Education, Empowerment and Environment through structured short and long term programs. Some of the company’s major CSR initiatives during FY18 were as under: - SKF Sports Education Program (SSEP) : SKF Sports Education Program provides holistic development to underprivileged children between the ages of 11 to 16 through the medium of sports. Under the program, football training is provided through both, classroom as well as field training, in order to enable development through sports. These youth train for the world’s largest youth football tournament – the Gothia Cup and also several national and state level tornaments. SSEP benefits underprivileged boys and girls from communities in and around the company’s factories in Pune and Ahmedabad. SKF Sports Education Program (YES) : YES is a vocational training program in modern automotive maintenance and repair for underprivileged youth from rural and urban areas. This certificate course on Automotive Service provides training on repair and maintenance of two and four wheelers of different makes. It combines practical and theoretical training. It also includes modules on goal setting, marketing, tax, legal and finance, personal development, communication skills and customer service. With about 85% of placements, YES has placed 1,200 youth so far across 5 locations in India with means of sustainable livelihood, and also created a sustainable automotive maintenance ecosystem. SKF scholarship programme for Girls : SKF Scholarship Program for Girls is the company’s endeavour for women empowerment, especially for young girls, through education. The programme provides access to higher education to girls from socio-economically weaker sections of society. This program provides support to girls from Std XI till the completion of their higher education, in terms of college tuition fees, text books, educational materials, hostel facilities and transport facility fees for higher education. During the past two years, 80 girls from the Marathwada region were awarded scholarship. SKF India Corporate Office - Pune Dun & Bradstreet