SKP Bearing Industries Ltd - Stock Valuation and Financial Performance

The company was originally formed as a partnership firm under the name and style of “S K P Bearing Industries” pursuant to a deed of partnership dated November 21, 1991, as amended from time to time. S K P Bearing Industries was thereafter converted into a private limited company “SKP Bearing Industries Private Limited” on January 06, 2022 pursuant to the provisions of Chapter XXI of the Companies Act and fresh a certificate of Incorporation dated January 06, 2022 was issued by Registrar of Companies, Ahmedabad. Subsequently, the Company has been converted into a public limited company and the name of the Company changed to “SKP Bearing Industries Limited” pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the Company held on January 31, 2022 and a fresh Certificate of Incorporation dated February 15, 2022 issued by the Registrar of Companies, Ahmedabad.

SKP Bearing Industries is manufacturer of needle rollers, cylindrical rollers, pins and steel balls (Rolling Elements) and is one of the players in the list of finished roller manufacturers in India. Over the years it has developed expertise and upgraded its technology by adding several automatic and imported machineries and equipment to the plant, which has helped it boost its production capacity and the quality of its products. It supplies these rolling elements across India to reputed bearing manufactures and OEMs in domestic market in diverse industries such as textile, automobile, etc. It has the potential to supply the best products at most competitive prices in the market. It is also exporter of rolling elements which cater the requirements of international customers in Brazil, Argentina, UAE, etc. Over the years, it has also ventured into power generation business by installing wind mill in year 2012-2013 at Survey No. 646, vill: Seth Vadala, Taluka: Jamjodhpur, Jamnagar Forest Division, Gujarat and is currently used for its captive consumption.   

Business area of the company

The company is one of the leading roller and pins manufacturers, suppliers and exporters in the company. The company is producing a vast range of rollers that are used in the bearings across the world. It makes high quality and long-lasting, pins, corrosion-free needle rollers, cylindrical rollers as well as precision rollers for several industrial purposes.

Key Events/Milestones/Achievements

• 1991: Formed as a Partnership Firm in the name and style of “S K P Bearing Industries”.
  
• 1992: Setting up of Manufacturing Unit at Wadhwan Municipality, Surendranagar Gujarat, India.
  
• 2004 & 2008: Expansion of manufacturing facility by transferring and setting up of Manufacturing Unit at Mulchand Road, Wadhwan, Surendranagar, Gujarat, India.
  
• 2011: Purchase of Land bearing Gut No. 52, Village Rautwadi, Tal. Koregaon, Dist. Satara, Maharashtraand ventured into wind mill by installing wind turbine generator and commissioned capacity of 0.80 MW.
  
• 2011: Awarded with Special National Award, 2011 as “Outstanding Entrepreneurship” in Women category.
  
• 2012: Land situated at Village  Seth Vadala, Taluka: Jamjodhpur, Jamnagar Forest Division, Gujarat taken on lease for a period of 25 years and ventured into wind mill by installing wind turbine generator and commissioned capacity of 0.80 MW which is currently used for captive consumption.
  
• 2012: Awarded with “India’s small Giants” by NDTV.
  
• 2013: Awarded as India SME100 Achievers.
  
• 2014: Setting up of solar plant at Village Rojhana, Teh: Baroda, Dist.: Agar, Madhya Pradesh with commissioned capacity of 0.63 MW.
  
• 2015: Setting up of wind mill at Village:Jamuniameena, P.H.N.-52, Mandsaur, Madhya Pradesh by installing wind turbine generator and commissioned capacity of 1.5MW.
  
• 2020: Recognised for Quality Management System with IATF 16949 Standard for manufacturing of Needle rollers, cylindrical rollers, Steel balls and pins by TUV SUD Management Service GmbH, Munich, Germany.
  
• 2022: Conversion of Partnership Firm into Private Limited Company in the name and style of “SKP Bearing Industries Private Limited”.
  
• 2022: Conversion of Private Limited Company to Limited in the name and style of “SKP Bearing Industries Limited”.