About SKF Technologies (India) Private Limited
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SKF Technologies (India) Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Aktiebolaget Skf. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 07 July 1997.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U29195KA1997PTC027954. Its GSTIN is 29AAACC4393D1ZQ (Karnataka). The company held 3 GST registrations, all of them active.
The company had an authorised share capital of ₹350 Cr and a paid-up capital of ₹324 Cr. It was formerly known as Cr Seals India Private Limited and Skf Sealing Solutions India Private Limited. It was led by directors including Anurag Bhagania and Prashant Dattatray Hande.
Its last annual general meeting (AGM) was held on 23 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Plot No. 2 Bommasandra Industrial Area Bangalore, Karnataka, India – 560099.
As per the financials filed for FY 2019, the company reported a revenue of ₹462.8 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹5.6 Cr (net margin 1.2%) and EBITDA of ₹51 Cr (EBITDA margin 11%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years.
As per MCA filings, the company had satisfied charges of ₹34.65 Cr on record. Court records list 27 cases involving the company, including 12 filed by the company and 15 filed against it; 4 cases are pending. The company has 4 deals on record (4 funding rounds), with disclosed funding of ₹458.9 Cr; the latest was in May 2014. Its 8 peer companies in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger and 5 smaller; the largest is Se Forge Limited with revenue of ₹492 Cr.
The last known website on record is skf.com.
Company details
Name history
SKF Technologies (India) has undergone 2 name changes throughout its history. The company was previously known as Cr Seals India Private Limited, and Skf Sealing Solutions India Private Limited. The current legal name is Skf Technologies (India) Private Limited.
| Company Name | Status |
|---|---|
| SKF Technologies (India) Private Limited | Current |
| Cr Seals India Private Limited | Previous |
| Skf Sealing Solutions India Private Limited | Previous |
CIN history
SKF Technologies (India) has one previous CIN (Corporate Identification Number): U29195KA2000PTC027954. The current CIN is U29195KA1997PTC027954, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29195KA1997PTC027954 | Current |
| U29195KA2000PTC027954 | Previous |
Contact details
SKF Technologies (India) Private Limited's registered office is in Bangalore, Karnataka. Its website is skf.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Apps
- Registered AddressPlot No. 2 Bommasandra Industrial Area Bangalore, Karnataka, India – 560099
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of SKF Technologies (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
Financials of SKF Technologies (India) Private Limited
FY 2019 filings availableSKF Technologies (India) Private Limited reported revenue of ₹462.8 Cr (up 19% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over three years, including 19% growth in the latest year. EBITDA rose 51% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹462.8 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹51 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.6 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11% | ||||
| Net Profit Margin | 1.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Technologies (India) Private Limited, buy the company report.
Board of directors of SKF Technologies (India) Private Limited
SKF Technologies (India) has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anurag Bhagania Also directs: Strides Pharma Services Private Limited | Director | 01 Jul 2019 | 7 Years 4 Months | As last reported |
| Swaminathan Venkatasubramaniam | Additional Director | 22 Nov 2019 | 6 Years 11 Months | As last reported |
| Prashant Dattatray Hande | Director | 24 Aug 2017 | 9 Years 2 Months | As last reported |
| Sumit Mitra Also directs: Seewald Solutions LLP, Lapp India Private Limited | Additional Director | 22 Nov 2019 | 6 Years 11 Months | As last reported |
Peer comparison
SKF Technologies (India) Private Limited is compared with the 8 companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Se Forge Limited | ₹492 Cr (FY 2025) | 1.0% | Ahmedabad, Gujarat, India | |||
| Gupta Machine Tools Private Limited | ₹482.43 Cr (FY 2025) | -10.0% | Kolkata, West Bengal, India | |||
| Taegutec India Private Limited | ₹473.07 Cr (FY 2025) | 23.0% | Bangalore, Karnataka, India | |||
| SKF Technologies (India) Private Limitedthis company | ₹462.8 Cr (FY 2019) | ₹5.6 Cr | 1.2% | 19.0% | Bangalore, Karnataka, India | |
| Multimetals Limited | ₹461.7 Cr (FY 2025) | 9.0% | Kotah, Rajasthan, India | |||
| Oriental Foundry Private Limited | ₹458.23 Cr (FY 2025) | 27.0% | Mumbai, Maharashtra, India | |||
| Baettr India Private Limited | ₹456.81 Cr (FY 2025) | 29.0% | Thervoy Kandigai, Tamil Nadu, India | |||
| DMW CNC Solutions India Private Limited | ₹456.3 Cr (FY 2025) | 56.0% | Perundurai, Tamil Nadu, India | |||
| Magnum Mi Steel Private Limited | ₹442.79 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India |
To see the full peer comparison of SKF Technologies (India) Private Limited, buy the company report.
Auditor
SKF Technologies (India) Private Limited is audited by Price Waterhouse & Co. LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co. LLP | FY 2019 | 007567S/S200012 |
Shareholding
The shareholding of SKF Technologies (India) Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of SKF Technologies (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Apr 2005 | 80049980 | Skf India Limited | ₹12.5 Cr | Satisfied | |
| 25 Feb 2004 | 80049981 | Skf Bearings India Ltd | ₹15 Cr | Satisfied | |
| 22 Jun 1999 | 80049982 | Times Bank Limited | ₹6.65 Cr | Satisfied | |
| 29 Dec 1998 | 80049983 | Uti Bank Limited | ₹50 Lakh | Satisfied |
To see the full charge records of SKF Technologies (India) Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
SKF Technologies (India) Private Limited has 4 deals on record (4 funding rounds), with disclosed funding of ₹458.9 Cr; the latest was in May 2014.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2014 | Funding round | ₹130 Cr | Investors: an individual |
| Jun 2013 | Funding round | ₹90 Cr | Investors: an individual |
| Jun 2011 | Funding round | ₹160 Cr | Investors: an individual |
| Oct 2007 | Funding round | ₹78.9 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SKF Technologies (India) Private Limited has 27 court cases on record: 12 filed by SKF Technologies (India), 15 filed against it. 4 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 10 | 0 |
| High courts | 10 | 4 | 3 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (IAAP) | Filed against the company by Accurate Thermal Spray Pvt. Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed against the company by Accurate Thermal Spray Private Ltd | Disposed |
| High Court of Karnataka | Court case (STRP) | Filed against the company by an individual | Pending |
| High Court | Court case (STRP) | Filed against the company by The Assistant Commissioner of Commercial Taxes (Audit- and 2 others | Pending |
| Supreme Court | Court case (0433-Indirect Taxes Matters : Appeals u/s 35 L of Central Excise and Salt Act, 1944.) | Filed against the company by an individual | Pending |
To see the full case history of SKF Technologies (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
No delayed payments to MSME suppliers are on our record for SKF Technologies (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
SKF Technologies (India) has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACC4393D1ZQ | Karnataka | Active | 01 Jul 2017 |
| 29AAACC4393D2ZP | Karnataka | Active | 05 Aug 2017 |
| 24AAACC4393D1Z0 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of SKF Technologies (India) Private Limited, buy the company report.
Recent activity
SKF Technologies (India) Private Limited has 22 board changes on record since 2007: 4 appointments and 18 cessations. The latest: Sumit Mitra was appointed as Additional Director on 22 Nov 2019.
21 earlier events are in the company report.
News
Frequently asked questions
SKF Technologies (India) has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
SKF Technologies (India) was a private limited company based in Bangalore, Karnataka, India. The company worked in industrial tools and components, within the machinery and equipment industry. It was incorporated on 07 July 1997 and is registered under CIN U29195KA1997PTC027954. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
SKF Technologies (India) was incorporated on 07 July 1997. It is registered with the Registrar of Companies, Bangalore.
SKF Technologies (India) had 4 directors:
- Anurag Bhagania - Director
- Swaminathan Venkatasubramaniam - Additional Director
- Prashant Dattatray Hande - Director
- Sumit Mitra - Additional Director
The CIN (Corporate Identification Number) of SKF Technologies (India) is U29195KA1997PTC027954. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of SKF Technologies (India) is at Plot No. 2 Bommasandra Industrial Area Bangalore, Karnataka, India – 560099.
SKF Technologies (India) can be reached through the website skf.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of SKF Technologies (India) on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 23 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of SKF Technologies (India) is 29AAACC4393D1ZQ, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAACC4393D2ZP (Karnataka), 24AAACC4393D1Z0 (Gujarat).
SKF Technologies (India) operated in the machinery and equipment industry, in the industrial tools and components segment.
SKF Technologies (India) has 4 deals on record (4 funding rounds), with disclosed funding of ₹458.9 Cr; the latest was in May 2014.
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