SKF India announced a series of management changes effective September 30, 2025, and October 1, 2025, due to restructuring following a demerger. Mr. Mukund Vasudevan resigned as Managing Director but will remain a Non-Executive Director. Mr. Shailesh Kumar Sharma is appointed as the new Managing Director for a 5-year term. Additional key leadership appointments were also revealed to support the company’s new structure.
New Managing Director
Mr. Shailesh Kumar Sharma has been appointed as the new Managing Director of SKF India, effective October 1, 2025, for a term of 5 years. This appointment follows the resignation of Mr. Mukund Vasudevan from the Managing Director role, effective September 30, 2025, who will remain as a Non-Executive Director. The changes are due to a management restructure after the company’s demerger.
Additional Leadership Changes
Several other leadership changes have been announced, effective October 1, 2025:
- Ms. Aashi Arora has been appointed as Interim Chief Financial Officer (CFO).
- Ms. Mayuri Kulkarni has been appointed as Company Secretary and Compliance Officer.
Senior Management Team
SKF India has also announced its new senior management team, effective October 1, 2025. This team includes:
- Mr. Shailesh Sharma, Managing Director Manufacturing, Automotive.
- Mr. Alagesan Thasari, Director Automotive Business, India.
- Ms. Kshipra Khairnar, Head – Legal counsel, Automotive India.
- Ms. Mayuri Kulkarni, Company Secretary, Automotive India.
- Ms. Aashi Arora, CFO, Automotive India (Interim).
- Ms. Bhavna Panigrahi, HR Head, Automotive India (Interim).
Demerger Scheme Approved
The company has taken on record the order of the Hon’ble National Company Law Tribunal, Mumbai Bench, dated September 26, 2025, sanctioning the Scheme of Arrangement between SKF India Limited and SKF India (Industrial) Limited.
Source: BSE