9OCTOBER 2025SKF INDIA NAMES SHAILESH KUMAR SHARMA AS AUTO MD POST DEMERGERSDHI, SAMSUNG HEAVY INDUSTRIES INK MOU FOR SHIPBUILDING TIE-UPSKF India Limited has finalized its demerger, effective October 1, 2025, creating two independent entities: SKF India Limited and SKF India (Industrial) Limited.Shailesh Kumar Sharma has been appointed Managing Director for the automotive business of SKF India Limited, which plans to expand EV, two-wheeler, and wheel-end bearing capacities across Haridwar, Pune, and Bangalore by 2030.Swan Defence and Heavy Industries Limited (SDHI), the leading shipbuilding and heavy engineering company of India, has signed a strategic Memorandum of Understanding (MoU) with Samsung Heavy Industries (SHI), South Korea, a company that is known worldwide for building complex vessels.According to this pact, both companies will be combined to engage in shipbuilding and engineering projects, both here in India as well as abroad. The merger has the potential While Mukund Vasudevan continues to lead the Industrial Business for India and Southeast Asia as President for Industrial Region. He has also assumed the role of Managing Director for SKF India (Industrial) Limited which is expected to get listed by November 2025.Speaking on the development, Shailesh Kumar Sharma, Managing Director, SKF India Limited, said: "This demerger marks a strategic leap forward for SKF India. By establishing two purpose-driven entities, we are unlocking sharper focus and operational agility to serve India's evolving industrial and mobility landscapes. The automotive business of SKF India Limited is poised to accelerate with the EV revolution and premiumisation trends, while delivering differentiated value to our customers, partners, and shareholders in this transformative decade."Both entities will operate independently while leveraging SKF's global innovation and technology ecosystem to drive India's industrial and mobility transformation. to encompass a wide range of commercial ships, such as oil tankers, gas carriers, container ships, highly specialized advanced ships, etc.Partnerships can also be products or services that are co-designed to adopt environmentally friendly technology; digitized shipbuilding methods could be utilized, and new ships could be built in order to keep up with the changing industry standards."We are closer to the world's elite, when we talk about the best and most technologically advanced shipbuilders, thanks to Samsung Heavy Industries as our partner," shared Rear Admiral Vipin Kumar Saxena (Retd), CEO of SDHI. "With this cooperation, we will be working hand in glove and using the best of our skills to engineering and execution to create real moat value."SDHI has Indian's biggest dry dock (662m x 65m) with a deadweight capacity of 400,000 tonnes and an annual steel fabrication capability of 144,000 tonnes. Its offshore yard is prepared for the fabrication and delivery of heavy modules for up to 10,000 tonnes.The company, which was once Reliance Naval & Engineering, started over again as one of the key players in India's maritime and industrial aspirations.
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