NSEPress Release6d ago · 13 Aug 2026, 08:04 pm
Press Release
SKF India (Industrial) Limited · SKFINDUS
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SKF India (Industrial) Limited has appointed Sujeeth Pai as its new Managing Director, effective September 1, 2026, subject to shareholder approval. Sujeeth succeeds Mukund Vasudevan, who will assume the role of President for the Industrial Region covering India, Southeast Asia, and Middle East within the SKF Group.
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Earnings Impact5/10
Growth Catalyst8/10
Governance Concern2/10
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Liquidity Impact9/10
Market Sentiment8/10
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Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the Press Release issued by Company.
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A l F
Date: 13th August 2026
National Stock Exchange of India Limited, BSE Limited,
Exchange Plaza, 5th Floor, Plot No. C-1, G Phiroze Jeejeebhoy Towers, Dalal Street,
Block, Bandra- Kurla Complex, Bandra Fort, Mumbai – 400001, Maharashtra,
(East), Mumbai – 400051, Maharashtra, India
I ndia
NSE Scrip Code – SKFINDUS BSE Scrip Code -544572
Subject: Intimation of Press Release
Dear Sir/Ma’am,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, please find attached the Press Release issued by Company.
Press Release thereon are also available on the website of the Company at:
https://www.skf.com/in/investors/skf-india-industrial-ltd/shareholder-information
We request you to take the above information on record.
Thanking you,
Yours faithfully,
For SKF India (Industrial) Limited
Poorva Bang
Company Secretary & Compliance Officer
SKF India (Industrial) Limited
Registered office: Chinchwad Gaon, Chinchwad, Pune 411033, Maharashtra, India
Tel: +91 (20) 6611 2501, Fax no: +91 (20) 6611 2396, Email id: industrialindia@skf.com
CIN: L28140PN2024PLC236396
SKF India (Industrial) appoints Sujeeth Pai as its new Managing
Director
Pune, August XX, 2026:SKF India (Industrial) Limited(NSE: SKFINDUS | BSE: 544572),
India’s leading technology and solutions provider of bearings and units, condition
monitoring, and services, today announced the appointment ofSujeeth PaiasitsManaging
Director, effective September 1, 2026, subject to shareholder approval. The appointment
was approved by the Nomination Committee and the Board of Directors on August 11,
2026.
In his new role, Sujeeth will lead SKF India (Industrial)’s operations and drive the
company’s profitable growth agenda.
Sujeeth succeedsMukund Vasudevan, who will assume the role ofPresident for the
Industrial Region covering India,Southeast Asia& Middle Eastwithin the SKF Group. This
governance structure creates a clear distinction between regional strategic oversight and
India-focused operational leadership.
Sujeeth brings over four years of leadership experience within SKF, having held key sales
and operations roles across the organization. Prior to joining SKF, he led the Sales and
Service business for Danfoss Drives India and held senior positions at Tektronix and Fluke,
managing diverse markets across India, Southeast Asia, Australia, and New Zealand.
He holds a degree in Mechanical Engineering from P.E.S.I.T., Bangalore, and an MBA from
the Indian School of Business (ISB), Hyderabad.
About SKF
Since 1907, SKF has been making some of the world’s most innovative bearings, seals, lubrication systems,
condition monitoring solutions, and services to reduce friction. Less friction means more energy saved and
by reducing it, we make industry smarter, more competitive, and more energy efficient, building a more
sustainable future where we can all do more with less. SKF is represented in approximately 130 countries
and has around 17,000 distributor locations worldwide. Annual sales in 2025 were SEK 91,583million and
the number of employees was 37,271.
® SKF is a registered trademark of the SKF Group.
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