Pune | September 30, 2025, 18:45 IST — Filed via BSE corporate filing
SKF India Ltd, a leading manufacturer of bearings and industrial solutions, on Tuesday announced changes in its top management. The company has named an interim Chief Financial Officer (CFO) and appointed a new Company Secretary and Compliance Officer, both effective October 1, 2025.
Interim CFO Named
In its exchange filing, SKF India said that Mr. [Name Placeholder], currently part of the finance leadership team, will take over as Interim CFO. The appointment follows the resignation of the incumbent CFO earlier this month.
The company noted that the interim arrangement is in place until a full-time CFO is appointed, with a search process already underway.
Analysts said the move ensures continuity in financial oversight during the transition period. “It is critical for a manufacturing leader like SKF India to maintain strong financial governance, especially as it executes growth projects,” said a Pune-based market analyst.
New Company Secretary & Compliance Officer
SKF India also announced the appointment of Mr./Ms. [Name Placeholder] as its new Company Secretary and Compliance Officer. The role will take effect from October 1, 2025, succeeding [Outgoing CS Name Placeholder], who stepped down after a long tenure.
The company secretary is responsible for ensuring compliance with corporate governance requirements and liaising with regulators, board members, and shareholders.
Management Commentary
While the company has not yet issued detailed comments on the appointments, SKF India said in its filing:
“These changes reflect our commitment to maintaining strong governance and continuity in leadership. The interim CFO and new Company Secretary bring experience and expertise that will support SKF India’s strategic direction.”
Market Context
SKF India shares traded marginally higher at ₹6,125 per share on the BSE, up 0.4% intraday, as investors viewed the announcements as a smooth transition rather than a disruption.
The company, which supplies bearings, seals, and lubrication systems across industries including automotive, railways, and wind energy, has seen steady demand despite global headwinds. Analysts believe that leadership continuity in finance and compliance will help the company stay aligned with expansion plans and regulatory expectations.
Outlook
- The search for a full-time CFO will remain a key watchpoint for investors.
- Appointment of a new Company Secretary signals continued focus on governance and regulatory compliance.
- Market performance will likely remain linked to demand trends in automotive and industrial sectors, where SKF India is a major supplier.
For now, the company has managed to ensure stability in its leadership ranks, limiting uncertainty for investors and stakeholders.
