SKP Bearing Industries’ Global Expansion in Precision Engineering
From India to France and Beyond
In the domain of precision engineering and manufacturing, few stories are as inspiring and transformative as that of SKP Bearing Industries Ltd. Founded in 1991 by Mr. Shrinand K. Palshikar, the company embarked on its remarkable journey from a modest office in India. Driven by a vision to craft high-quality rolling elements, Palshikar instilled values of passion, dedication, and determination to foster a legacy of success. Today, SKP Bearing Industries stands tall as a globally recognized public limited entity, having earned prestigious certifications such as IATF along its path of growth and achievement.
Visionary Leadership and Strategic Expansion
Under the dynamic stewardship of Shrinand K. Palshikar, SKP Bearing Industries has emerged as a pioneer in innovation and manufacturing prowess, specializing in a diverse array of best-in-class rolling elements, including needle rollers, cylindrical rollers, steel balls, and more.
The company has consistently shown dedication to quality and customer satisfaction, driving its expansion both within India and internationally.
A Strategic Leap: Acquisition of Valette et Gaurand Industries (VGI)
In February 2024, SKP Bearing Industries undertook a decisive step towards bolstering its global footprint through the acquisition of Valette et Gaurand Industries (VGI), a distinguished French company renowned for its precision mechanics. Beyond strategic intent, this acquisition was a testament to SKP’s foresight in enhancing its product portfolio and extending its market reach. VGI, once at the forefront of ball and roller production, faced operational challenges with no clear succession plan. Recognizing the synergistic potential of VGI’s offerings, Pankaj Patil, Head of Operations, played a crucial role in facilitating this acquisition.
He ensured a seamless integration of VGI’s expertise and capabilities into SKP’s expanding global activities, revitalizing VGI under insolvency proceedings.
Synergy and Integration: Pioneering Collaboration
The integration of VGI has proven instrumental in augmenting SKP Bearing Industries’ capabilities. VGI’s specialized expertise in manufacturing small steel balls and rollers, tailored primarily for the pharmaceutical, cosmetics, and automotive sectors, perfectly complements SKP’s existing product line.
This strategic synergy empowers SKP to offer an expanded portfolio of top-tier rolling elements to a global clientele, now with manufacturing hubs strategically located in both India and France.
Financial Milestones and Market Leadership
SKP Bearing Industries has achieved significant financial milestones, with rollers accounting for 77% of the annual revenue in fiscal year 2022-2023. Meanwhile, revenue from steel balls surged to 12% current year, underlining the diversification strategy fueled by the acquisition of VGI. The incorporation of revenue from SKP France, initiated in February 2024, contributed 4% to the company’s overall revenue for the first quarter of fiscal year 2023-2024. Moreover, the company witnessed an increase in profit before and after tax compared to the previous financial year, driven by the successful integration of VGI and strategic financial investments.
Achievements and Future Outlook
SKP Bearing Industries, under the leadership of Vikrant Saharan in administrative functions, has achieved significant milestones. These include employee residential projects, a new inspection facility at Unit 2, and the successful launch of SKP Bearing Industries Limited France. With the acquisition of VGI SKP strengthens its global leadership in rolling elements. Looking ahead, SKP plans to inaugurate its third manufacturing plant in Zamar, Gujarat, enhancing production capacity and serving diverse industry segments effectively.
Leading the charge in operations at SKP Bearing Industries is Mr. Pankaj Patil, whose expertise and strategic foresight have been pivotal in optimizing manufacturing processes and enhancing operational efficiency.
Dedication to Innovation and Sustainable Practices
Beyond its dedication to growth, SKP Bearing Industries is deeply entrenched in sustainability and innovation. The company’s strategic initiatives foster seamless collaboration between its Indian and French teams, facilitating the exchange of knowledge and the development of cutting-edge solutions. This collaborative ethos positions SKP at the forefront of technological advancement in the industry. Moreover, SKP actively incorporates solar panels and windmills across its facilities.
The PM Kusum Project, with a 2MW AC capacity, highlights SKP’s dedication to sustainable energy practices under the PM-KUSUM scheme, further reducing its reliance on conventional electricity sources.
“We’re not just pioneers in rolling elements; we’re stewards of sustainability,” Sangita Palshikar emphasizes, referring to SKP’s commitment to achieving net-zero emissions.
Inspiring a Legacy of Growth
“Every achievement, big or small, builds our legacy of excellence,” Palshikar reflects. “And it’s not just about where we’ve been, but where we’re going—continuing to innovate, inspire, and lead.”
From its humble beginnings to its current stature as a global industry leader, SKP Bearing Industries continues to inspire with its dedication to quality, innovation, and sustainable practices. Under the visionary leadership of Mr. Shrinand K. Palshikar and Mrs. Sangita Palshikar, SKP remains steadfast in its mission to redefine industry standards and shape a brighter future for global manufacturing. With a rich legacy of over 130 years of collective expertise and a relentless quest for perfection, SKP Bearing Industries stands poised to navigate future challenges and seize new opportunities in the precision engineering industry and beyond.
SKP spanning 80,188 square meters, our expansive facility provides ample space for advanced manufacturing and operations. Our state-of-the-art facility covers 20,070 square meters production units and administrative offices.
- Experienced team with over 90 years legacy.
- Well Established manufacturing facility in Europe.
- Catering to vide range of markets.
- Facility to manufacture products in various type of materials.
