About SKF
SKF is a company based in Goteborg (Sweden) founded in 1907.. SKF has raised $295.42 thousand across 13 funding rounds from investors including European Union, IFU and Ministry of Economy, Finance and Industrial and Digital Sovereignty. The company has 3,390 employees as of March 31, 2024. SKF has completed 9 acquisitions, including Cooper Bearing, Form Automation Solutions and General bearing corporation. SKF operates in a competitive market with competitors including Honeywell, CG Power & Industrial Solutions, Schneider Electric, Danfoss and Rockwell Automation, among others.
- Headquarter Goteborg, Sweden
- Employees 3390 as on 31 Mar, 2024
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Skf India Limited
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Annual Revenue
$575.89 M (USD)7.65as on Mar 31, 2025
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Net Profit
$66.25 M (USD)2.56as on Mar 31, 2025
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EBITDA
$88.84 M (USD)4.15as on Mar 31, 2025
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Total Equity Funding
$295.42 K (USD)
in 13 rounds
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Latest Funding Round
$4.19 M (USD), Grant
Dec 18, 2023
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Investors
European Union
& 4 more
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Employee Count
3390
as on Mar 31, 2024
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Investments & Acquisitions
Cooper Bearing
& 8 more
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IPO & Listings of SKF
SKF is a publicly listed company on the NSE with ticker symbol SKFINDIA in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
195 people
Sales and Marketing
60 people
Leadership Team
30 people
Product Management Team
26 people
Senior Team
20 people
Operations Team
19 people
Human Resources and Administration
19 people
Head Team
19 people
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Funding Insights of SKF
SKF has successfully raised a total of $295.42K across 13 strategic funding rounds. The most recent funding activity was a Grant round of $4.19 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Grant — $4.2M
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First Round
First Round
(01 Jun 1993)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Grant - SKF | Valuation |
investors |
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| Dec, 2023 | Amount | Grant - SKF | Valuation |
investors |
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| Aug, 2022 | Amount | Post-IPO - SKF | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SKF
SKF has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, IFU and Ministry of Economy, Finance and Industrial and Digital Sovereignty. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Cevian Capital is engaged in active ownership investments.
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Founded Year | Domain | Location | |
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Private equity investment firm
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SKF
SKF has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Cooper Bearing, Form Automation Solutions and General bearing corporation. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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3D printing services are provided for various applications in Belgium.
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2015 | ||||
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Acoustics-based condition monitoring solutions for industrial machines are provided.
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2015 | ||||
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Software development, IT consulting, and related services are provided.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SKF
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Skf Comparisons
Competitors of SKF
SKF operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Honeywell, CG Power & Industrial Solutions, Schneider Electric, Danfoss and Rockwell Automation, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Diversified electronics and automation equipment are manufactured and supplied.
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| domain | founded_year | HQ Location |
Manufacturer of Industrial and Consumer Electric Equipment
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| domain | founded_year | HQ Location |
Energy management and automation solutions are provided globally.
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| domain | founded_year | HQ Location |
Manufacturer of energy efficiency products
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| domain | founded_year | HQ Location |
Industrial automation and information systems are provided to global industries.
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| domain | founded_year | HQ Location |
Automation and engineering services are provided for multiple industries.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Skf
Frequently Asked Questions about SKF
When was SKF founded?
SKF was founded in 1907 and raised its 1st funding round 86 years after it was founded.
Where is SKF located?
SKF is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
Who is the current CEO of SKF?
Rickard Gustafson is the current CEO of SKF.
Is SKF a funded company?
SKF is a funded company, having raised a total of $295.42K across 13 funding rounds to date.
How many employees does SKF have?
As of Mar 31, 2024, the latest employee count at SKF is 3,390.
What is the annual revenue of SKF?
Annual revenue of SKF is $575.89M as on Mar 31, 2025.
What does SKF do?
SKF was established in 1907 in Gothenburg, Sweden, as a manufacturer in the industrial sector focused on bearings and seals. A variety of products, including linear motion systems, lubrication solutions, vehicle aftermarket parts, maintenance equipment, power transmission components, test and measuring tools, and condition monitoring devices, are offered. Engineering support, maintenance services, condition monitoring, and remanufacturing are provided to manage the full life cycle of assets across global operations.
Who are the top competitors of SKF?
SKF's top competitors include Honeywell, CG Power & Industrial Solutions and Schneider Electric.
Is SKF publicly traded?
Yes, SKF is publicly traded on NSE under the ticker symbol SKFINDIA.
How many acquisitions has SKF made?
SKF has made 9 acquisitions, including Cooper Bearing, Form Automation Solutions, and General bearing corporation.
Who are SKF's investors?
SKF has 5 investors. Key investors include European Union, IFU, Ministry of Economy, Finance and Industrial and Digital Sovereignty, Cevian Capital, and Ministères Aménagement du territoire Transition écologique.
What is SKF's ticker symbol?
The ticker symbol of SKF is SKFINDIA on NSE.