About SKF Engineering and Lubrication India Private Limited
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SKF Engineering and Lubrication India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Aktiebolaget Skf. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 11 February 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29100KA1993PTC044269. Its GSTIN is 29AAACL2061P1Z7 (Karnataka). The company holds 7 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹351 Cr and a paid-up capital of ₹2.26 Cr. It was formerly known as Lincoln Helios (India) Limited and Grindwell Lube Limited. It is led by directors Sanoj Somasundaran and Dinesh Kumar Verma.
Its last annual general meeting (AGM) was held on 24 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 249/250 Bommasandra Industrial Area Phase 3 Hosur Road, Bangalore, Karnataka, India – 560099.
As per the financials filed for FY 2024, the company reported a revenue of ₹997.06 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹51.97 Cr (net margin 5.2%) and EBITDA of ₹93.39 Cr (EBITDA margin 9.4%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 46% over five years.
The company has about 574 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SKF. As per MCA filings, the company has open charges of ₹153.2 Cr and satisfied charges of ₹36.8 Cr on record. Court records list 27 cases involving the company, including 17 filed by the company and 10 filed against it; 3 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2014. The company has 31 MSME Form 1 returns on record between 2015 and 2024, listing 1,506 overdue payments to 187 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website skf.com.
Company details
Name history
SKF Engineering and Lubrication India has undergone 3 name changes throughout its history. The company was previously known as Lincoln Helios (India) Limited, Grindwell Lube Limited, and Skf Engineering And Lubrication India Limited. The current legal name is Skf Engineering And Lubrication India Private Limited.
| Company Name | Status |
|---|---|
| SKF Engineering and Lubrication India Private Limited | Current |
| Lincoln Helios (India) Limited | Previous |
| Grindwell Lube Limited | Previous |
| Skf Engineering And Lubrication India Limited | Previous |
CIN history
SKF Engineering and Lubrication India has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U29100KA1993PTC044269, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29100KA1993PTC044269 | Current |
| U29100KA1993PLC044269 | Previous |
| U23200KA1993PLC044269 | Previous |
| U23200MH1993PLC070762 | Previous |
Contact details
SKF Engineering and Lubrication India Private Limited's registered office is in Bangalore, Karnataka. Its website is skf.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address249/250 Bommasandra Industrial Area Phase 3 Hosur Road, Bangalore, Karnataka, India – 560099
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of SKF Engineering and Lubrication India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activities of SKF Engineering and Lubrication India are manufacturing and professional, scientific and technical. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products, electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and architecture, engineering activities, technical testing and analysis activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of SKF Engineering and Lubrication India Private Limited, buy the company report.
Financials of SKF Engineering and Lubrication India Private Limited
FY 2024 filings availableSKF Engineering and Lubrication India Private Limited reported revenue of ₹997.06 Cr (up 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 46% over five years, including 12% growth in the latest year. EBITDA rose 128% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Other Income | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹93.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹51.97 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.4% | ||||
| Net Profit Margin | 5.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of SKF Engineering and Lubrication India Private Limited, buy the company report.
Board of directors of SKF Engineering and Lubrication India Private Limited
SKF Engineering and Lubrication India has 2 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanoj Somasundaran Also directs: SKF India (Industrial) Limited | Director | 09 Jan 2024 | 2 Years 9 Months | Current |
| Dinesh Kumar Verma | Director | 27 Oct 2022 | 4 Years 0 Months | Current |
Auditor
SKF Engineering and Lubrication India Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of SKF Engineering and Lubrication India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of SKF Engineering and Lubrication India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 May 2023 | 100737292 | Others | ₹67.6 Cr | Open | |
| 08 Dec 2008 | 10139967 | Others | ₹85.6 Cr | Open | |
| 07 Nov 2013 | 10464602 | The Hongkong and Shanghai Banking Corporation Ltd | ₹23 Cr | Satisfied | |
| 11 Nov 2009 | 10196615 | Bank of Baroda | ₹8.3 Cr | Satisfied | |
| 22 Jul 2006 | 10013173 | The Hongkong and Shanghai Banking Corporation Ltd | ₹3.5 Cr | Satisfied |
To see the full charge records of SKF Engineering and Lubrication India Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
SKF Engineering and Lubrication India Private Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2014.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: SKF Lubrication Systems Germany GMBH, SKF Lubrication Systems Germany GMBH & Robert Johnstone Law, SKF Lubrication Systems Germany GMBH & Shishir Shirish Joshipura Seller: Lincoln GMBH & Shirish Joshipura, Lincoln GMBH & Sandip Sen, Lincoln GMBH & Robert Johnstone Law |
| Aug 2007 | Secondary share transfer | Undisclosed | Buyer: Lincoln Gmbh & Santoni Philip Michael, Lincoln Gmbh & Palmer Dale Shannon, Lincoln Gmbh & Aitken Aaron Bart Seller: Grindwell Norton Limited & Sabarad Prakash, Grindwell Norton Limited & Anand Yashavant Mahajan, Grindwell Norton Limited & K Visweswaran |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SKF Engineering and Lubrication India Private Limited has 27 court cases on record: 17 filed by SKF Engineering and Lubrication India, 10 filed against it. 3 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 7 | 2 |
| District courts | 8 | 1 | 0 |
| Supreme Court | 3 | 2 | 1 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed against the company by Accurate Thermal Spray Private Limited | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Accurate Thermal Spray Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Se Forge Limited Through Its Authorised Ms. Margaret D Souza | Disposed |
| High Court of Gujarat | Appeal | Filed against the company by Accurate Thermal Spray Private Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Accurate Thermal Spray Pvt. Ltd. and 1 other | Disposed |
To see the full case history of SKF Engineering and Lubrication India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
SKF Engineering and Lubrication India Private Limited has 31 MSME Form 1 returns on record between 2015 and 2024, listing 1,506 overdue payments to 187 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 187)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Sri Hari Industries | |||
| Prism Test and Measure Private Limited | |||
| Shridhan Automation Private Limited | |||
| Shailandra Enterprises Private Limited |
To see the full MSME payment records of SKF Engineering and Lubrication India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
SKF Engineering and Lubrication India Private Limited has a workforce of 574 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
SKF Engineering and Lubrication India has 7 GST registrations: 6 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACL2061P1Z7 | Karnataka | Active | 01 Jul 2017 |
| 29AAACL2061P2Z6 | Karnataka | Active | 25 Mar 2020 |
| 24AAACL2061P1ZH | Gujarat | Active | 09 Mar 2020 |
| 27AAACL2061P2ZA | Maharashtra | Active | 09 Sep 2022 |
To see the full GST registrations and return filing status of SKF Engineering and Lubrication India Private Limited, buy the company report.
Recent activity
SKF Engineering and Lubrication India Private Limited has 25 board changes on record since 2006: 3 appointments and 22 cessations. The latest: Girish Vasudeo Hanchate ceased to be Additional Director on 23 Sep 2024.
29 earlier events are in the company report.
News
Frequently asked questions
SKF Engineering and Lubrication India is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 11 February 1993 (33+ years old) and is registered under CIN U29100KA1993PTC044269.
SKF Engineering and Lubrication India has 2 current directors:
- Sanoj Somasundaran - Director
- Dinesh Kumar Verma - Director
The latest financial statements of SKF Engineering and Lubrication India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 24 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of SKF Engineering and Lubrication India is 29AAACL2061P1Z7, registered in Karnataka. The company has 7 GST registrations in all, of which 6 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAACL2061P2Z6 (Karnataka), 24AAACL2061P1ZH (Gujarat), 27AAACL2061P2ZA (Maharashtra).
The CIN (Corporate Identification Number) of SKF Engineering and Lubrication India is U29100KA1993PTC044269. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SKF Engineering and Lubrication India has 27 court cases on record: 17 filed by the company and 10 filed against it. 3 are pending. Most are in the high courts.
SKF Engineering and Lubrication India was incorporated on 11 February 1993, making it 33+ years old. It is registered with the Registrar of Companies, Bangalore.
SKF Engineering and Lubrication India has 2 deals on record (2 secondary share transfers); the latest was in March 2014.
Girish Vasudeo Hanchate ceased to be Additional Director on 23 Sep 2024. Girish Vasudeo Hanchate was appointed as Whole-Time Director on 19 Sep 2024. Sanoj Somasundaran ceased to be Additional Director on 22 Feb 2024. SKF Engineering and Lubrication India has 25 board changes on record in total.
SKF Engineering and Lubrication India has 31 MSME Form 1 returns on record between 2015 and 2024, listing 1,506 overdue payments to 187 micro and small suppliers. The latest return was filed on 19 Apr 2024.
SKF Engineering and Lubrication India can be reached through the website skf.com. Its registered office is in Bangalore, Karnataka, India.
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