SKF India gets Excellence Award by Institute of Economic Studies

SKF India Ltd, the leading supplier in the areas of bearings, seals, mechatronics, services and lubrication systems, today announced that it has been conferred with the “Excellence Award” by the Indian Institute of Economic Studies, India’s premier research institute. This award is in recognition of SKF India’s exemplary performance and strong contribution to the Indian economy.

Shishir Joshipura, SKF India’s Managing Director was also felicitated at the ceremony with the “Udyog Ratna Award” .

SKF India Ltd is a part of the AB SKF Group and is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). SKF’s industry leading practices provide integrated, sustainable solutions based on the “power of knowledge engineering” principle that integrates five technology platforms (bearings, seals, lubrications, mechatronics, and services). These customized value added solutions offer breakthroughs in friction reduction, energy efficiency, increased equipment life and reliability for the Automotive, Electrical, Industrial and Service sectors.

Shishir Joshipura, Managing Director, SKF India Ltd, commented upon receiving the award, “I am very grateful to the Indian Institute of Economic Studies for recognizing our hard work and commitment to excellence. At SKF it is our constant endeavour to achieve the high standards of excellence that we set for ourselves, to have that achievement acknowledged through this award is a great motivation.”

The New Delhi based Institute of Economic Studies was established by a group of economists, parliamentarians and industrialists in 1980 to study various aspects of the economy and economic development. The institute closely monitors various facets of the economy and individual contribution of various companies and business leaders. The Udyog Rattan Award and the Excellence Award are conferred at an annual ceremony to recognize an organization and individual contribution to economic development.

About SKF
SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has 15,000 distributor locations worldwide. Annual sales in 2009 were SEK 56,227 million and the number of employees was 41,172. www.skf.com

In India, the SKF Group started trading operations in Kolkata in 1923 and since then the Group's operations have been consolidated into SKF India Limited. SKF India also has an associate company called SKF Technologies (India) Pvt. Ltd providing Sealing Solutions and Industrial Bearings  and Lincoln Helios India Ltd. The company has manufacturing plants in Pune, Bangalore, Haridwar and Ahmedabad