YEAR                                                        EVENTS
 1961 - The Company was incorporated on 21st April, 1961 in Mumbai. 
 The
              company manufactures ball & roller bearing components in
 respect
               thereof, pendulum weighting arms, cradles, bearing
 units for
               top rollers, centre sleeve inserts and top tension
 pulleys.
 
            - 6,000 shares taken up by the holding Company, and 4,000
 shares by
               the Investment Corporation of India, Ltd., its
 associates,
               Directors.
 
 1962 - 3,90,000 shares issued by a prospectus dated 12.5.1982. 
 2,34,000
              shares to the holding Co.; 76,000 shares to the Inv.
 Corpn. of
               India, Ltd., its associates & Directors & 80,000 shares
 to the
               public.
 
 1974 - 1,00,000 Bonus shares issued in propn. 1:4 in March.
 
 1975 - 88,236 shares issued (prem. Rs 75 per share) to resident
             shareholders as rights.
 
 1980 - 2,94,118 bonus shares issued in prop. 2:5.
 
 1981 - During July/August, the Company offered for public
 subscription
             of 3,00,000-13.5% non-convertible debentures of Rs 100
 each.
             These debentures are redeemable at par in four equal
 annual
              instalments of Rs 25 each beginning from 17th September,
 1988.
              The rate of interest on these debentures was increased
 to 15%
              with effect from 17th April, 1982.
 
 1985 - The Company issued 10,00,000-15% non-convertible debentures of
 Rs
              100 each of which 2,50,000 debentures were privately
 placed with
              financial institutions.  These debentures were allotted
 in March,
              1985 and were to be redeemed in full at a premium of 5%
 on the
              expiry of 7 years from the date of allotment of
 debentures.
 
 1986 - 3,52,941 bonus shares issued in prop. 2:5.
 
 1987 - The name of the company was changed from Associated Bearing
 Co.
              Ltd. to SKF Bearing India Ltd. with effect from 1st
 October.
 
           - The company has no technical collaboration in respect of
 ball &  
              bearing manufactured at its chinchwad unit.  However, in
 its new
              manufacturing unit at Bommasandra, where line
 manufacturing
              technology was introduced the company has a technical
              collaboration with Akteibolaget SKF.
 
           - A project to increase the licensed capacity for ball and
 taper
             roller bearings to 1.68 crores nos. and 55 lakh nos.
             respectively, was taken up for implementation at the
 Company's
             factory at Chinchwad, Pune.
 
          - The Company proposed to set up a new manufacturing unit
 for
             manufacture of 9.0 million nos. of ball bearings at
 Bommasandra
             in Karnataka.  SKF of Sweden was the technical
 collaborators of
             the project.
 
          - The Company received a letter of intent to manufacture
 additional
             13 million numbers of ball and roller bearings at
 Bommasandra
             unit.
 
           - The name of the Company was changed from Associated
 Bearing Co.,
              Ltd. to SKF Bearings India, Ltd. with effect from 1st
 October.
 
           - Out of the 24,70,590 No. of equity shares issued by the
 Company
              12,60,000 shares are held by the Holding Company
 Aktiebolaget
              SKF, Sweden, and its subsidiaries.
 
 1988 - During December, 1988/January, 1989, the Company offered
         14,00,000-14% secured redeemable non-convertible debentures
 of Rs
         100 each on rights basis to the existing Indian resident
 equity
        shareholders in the ratio of 7 debentures for every 3 No. of
        equity shares held.  The issue was fully subscribed.
 
      - As per the terms of the issue, these debentures are redeemable
 in
        full at a premium of 5% on the expiry of 7 years from the date
 of
        allotment, i,e., 2nd March, 1989.
 
 1989 - 12,35,295 bonus shares issued in prop. 1:1.
 
      - The Company also received a letter of intent to manufacture
        additional 13 million numbers of ball and roller bearings at
 this
        unit.
 
 1990 - The Chinchwad unit obtained a licence to manufacture 22.35
        million numbers of ball and roller bearings per annum.
 
      - The Bommasandra unit was licensed to manufacture 26.4 million
        numbers of ball and roller bearings per annum.
 
      - A programme entitled `Capital India Project' was prepared to
        implement the letter of intent during the year.
 
      - During November, the Company offered 14%-45,00,000 secured
        redeemable non-convertible debentures of Rs 100 each on
 rights
        basis to the then existing resident Indian equity shareholders
 of
        the Company in proportion 10 debentures for every 3 equity
 shares
        held.
 
      - As per the terms of the issue, these debentures are redeemable
 in
        full at a premium of 5% at the end of 7 years from the date
 of
        allotment.  A provision to buy-back debentures was made from
        individual debentureholders whose face value of holding does
 not
        exceed Rs 40,000 and are held continuously for a period of
 one
        year at the time of offer for sale is made.
 
 1994 - With a view to focussing on different products, the
 manufacturing
        activities were organised into different product division and
        were being integrated into international product division of
 the
        SKF Group.
 
      - 44,132 shares issued to Aktiebolaget SKF and its subsidiaries
 in
        terms of amalgamation of Sketko India Bearing Co. Ltd. with
 the
        Company.
 
 1995 - The Company entered the sophisticated markets of U.S.A.,
 Italy,
        France, Singapore, Argentina etc.
 
      - With a view to contributing effectively in the developing
 Asian
        Bearings Market, the Company evaluated the possibility of
 setting
        up special capacity at Bangalore and Pune factories to meet
 with
        the requirements of exports to the region.
 
 1997 - Several channels of Deep Grove Ball Bearings (DGBB) and Taper
        Roller Bearings (TRB) were upgraded.
 
      - SKF Bearing (India) Ltd. has assured the Monopolies and
        Restrictive Trade Practices Commission (MRTPC), New Delhi,
 that
        it will not insist on a buyer to place order for a whole set
 of
        textile drafting components.
 
 1998 - The company had introduced a voluntary retirement scheme
 (VRS)
        from June 1 to July 31, for its employees as part of a
        restructuring programme.
 
      - The company top brass has adopted a five point programme that
        seeks to upgrade its productivity levels.
 
 1999 - SKF Bearings India Ltd. has signed an agreement with Telco to
        supply hub bearings for its latest model Tata Indica.
 
      - SKF Bearings launched an electronic machine reliability
        inspection system called `Marlin', which can monitor the
        condition of bearings in industrial processes.
 
 2000 - The Company informed the Bombay Stock Exchange (BSE) that it
 has
        entered into a memorandum of understanding for sale of its
 two
        office premises in Mumbai.
 
      - ICRA has reaffirmed the A1+ rating assigned to the Commercial
        Paper programme of SKF Bearings (India) Limited for an
 enhanced
        amount of Rs 50 crore.
 
 2001 - The Company will reintroduce a voluntary retirement scheme at
 its Pune factory.
 
           - The depressed capital market seems to be providing MNCs
 with an easy route to up stake in their Indian             arms. The
 -billion Swedish engineering major SKF, for one, is taking a rather
 convoluted route to             increase its stake in SKF Bearing
 India from the existing 51 per cent to 71 per cent.
 
 2002
 
 -Board recommends 10% divident on the increased capital of the
 company.
 
 -Rakesh Mahkija appointed as Managing Director of SKF Bearings.
 
 -Ties up with Sundaram Motors for the marketing of their kits in
 Karnataka and Andhra Pradesh.
 
 -Launches automotive bearing kits for the retail market.
 
 
 2003
 
 -SKF Bearings India Ltd informs that Mr Gunnar Gremlin, Director of
 the company gives his resignation  wef April 23, 2003
 
 -Changes in the management structure: 
 Mr Tom Johnstone resigns as a Director wef April 24, 2003. 
 Mr Christer Gyberg appointed as a Director wef April 23, 2003.
 Mr K C Mehra appointed as Additional Director wef April 24, 2003
 Mr Tryggve Sthen appointed as Additional Director wef April 24,
 2003.
 
 2004
 
 -Skf Bearings (India) Ltd. has informed that Mr G Borroni, Director
 of the Company has resigned wef December 29, 2003.
 
 -The name of the company stands changed from 'SKF Bearings India
 Limited' to 'SKF India Limited'
 
 -Forays into the rural market by launching special bearings for
 replacement in association with Texmo Industries, a leading pumps and
 motors manufacturer
 
 -SKF Bearings has rechristened itself as SKF India
 
 2006
 
 -Skf India Limited has appointed Mr. P. Bhandari  as Company
 Secretary effective from 4th January, 2007.
 
 2008
 
 - SKF India Ltd has informed that the Board of Directors of the
 Company at its meeting held on October 22, 2008 have appointed Mr.
 Vartan Vartanian as the Additional Director of the Company.
 
 2009
 
 - SKF India Ltd has appointed Mr. Shishir Joshipura as Managing
 Director of the Company.
 
 - Skf India Limited has appointed Mr. Rakesh Makhija as President,
 Asia of the SKF Group and shall relinquish his post of Managing
 Director of the company effective January 01, 2010.