SKF India has announced a significant expansion of its manufacturing capabilities with plans to establish a new facility in Pune. The ambitious project represents a substantial investment in the company's Indian operations and future growth prospects.

Investment Details

The company has outlined key parameters for its upcoming manufacturing facility:

Strategic Manufacturing Initiative

The new facility has been positioned as a "Factory of the Future," suggesting the incorporation of advanced manufacturing technologies and modern production capabilities. The Pune location adds to SKF India's manufacturing footprint in the region, leveraging the area's established industrial infrastructure.

Financial Framework

SKF India plans to fund the entire ₹653 crore investment through its own resources, indicating strong internal cash flows and financial stability. This self-funded approach demonstrates the company's confidence in the project's viability and its commitment to organic growth without external financing dependencies.

Implementation Timeline

The project timeline spanning 2026 to 2030 suggests a phased development approach, allowing for systematic planning and execution of the manufacturing facility. This extended timeline indicates the comprehensive nature of the facility development and the company's long-term strategic vision for its Indian operations.

SKF India (Industrial) Limited has announced a key leadership appointment, naming Ms. Poorva Bang as the new Company Secretary & Compliance Officer effective February 03, 2026. The appointment was formally approved by the Board of Directors following recommendations from the Nomination and Remuneration Committee.

Board Approval and Regulatory Compliance

The appointment was made in accordance with Section 203 of the Companies Act, 2013, read with Rule 8 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. The company has fulfilled all disclosure requirements under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements Regulation), 2015.

Leadership Transition

Ms. Bang's appointment comes as Mr. Ranjan Kumar, the current Company Secretary & Compliance Officer, has resigned to pursue external opportunities. The company confirmed that Ms. Bang is not related to any Directors, Key Managerial Personnel, or Promoters of the company.

Professional Background and Qualifications

Ms. Poorva Bang brings substantial expertise to her new role, with over 8.5 years of experience in corporate laws, legal, secretarial, and related matters. Her educational qualifications and professional background demonstrate strong credentials for the position.

Previous Professional Experience

Her career includes significant positions with notable organizations in the corporate sector:

• United Spirits Limited - A Diageo group company
• SKF India Limited

Her experience encompasses handling versatile projects and managing confidential information with discretion, positioning her well for the compliance and secretarial responsibilities at SKF India (Industrial) Limited.

Company Information

SKF India (Industrial) Limited operates from its registered office at Chinchwad Gaon, Chinchwad, Pune 411033, Maharashtra, India. The company maintains its commitment to regulatory compliance and corporate governance standards through such key appointments in leadership positions.