SKF India Limited has announced a major management restructuring following the approval of its demerger scheme by the National Company Law Tribunal (NCLT). The Board of Directors, at its meeting held today, confirmed several key leadership changes effective from the close of business hours on September 30, 2025.
Managing Director Mr. Mukund Vasudevan has stepped down from his executive role, though he will continue to serve the company as a Non-Executive Director. His resignation comes in line with the restructuring exercise undertaken by SKF India after the demerger.
To take charge of the next phase, the Board has appointed Mr. Shailesh Kumar Sharma as the new Managing Director for a five-year term beginning October 1, 2025. Sharma, who has been associated with the company as Whole-Time Director since February this year, will lead the automotive business and guide the transition.
The company also announced further leadership reshuffles. Mr. Ashish Saraf has resigned as Chief Financial Officer, while Mr. Ranjan Kumar has stepped down as Company Secretary and Compliance Officer, both with effect from September 30. In their place, Ms. Aashi Arora has been named Interim CFO, and Ms. Mayuri Kulkarni will take over as Company Secretary and Compliance Officer from October 1, 2025.
Additionally, SKF India has strengthened its senior management team by appointing new functional heads across automotive, legal, finance, and human resources. These appointments are aimed at ensuring a smooth transition as the company aligns its operations with the newly sanctioned demerger structure.
On September 26, 2025, the NCLT Mumbai Bench sanctioned the Scheme of Arrangement between SKF India Limited and SKF India (Industrial) Limited, paving the way for the separation of the company’s industrial and automotive businesses. The Board formally took note of this order during today’s meeting.
