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The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.

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SKF awards global AI-led business transformation contract...
The Hindu Bureau · 2026-05-28 · via The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.

Rickard Gustafson, CEO, SKF, a Swedish firm that makes bearings, seals, lubrication systems, said his company, in partnership with Tata Consultancy Services, would build operational and AI foundations that would set new standards for precision and customer value across the industry.

“The next decade of industrial manufacturing will be defined by how deeply companies integrate AI into how they design, produce, and serve. SKF intends to lead that shift,’’ said Mr. Gustafson in a stock exchange filing made by TCS on Tuesday.

He said, with TCS, the company was not just modernising its technology, but was building operational and AI foundations for the future. ``This is a long-term commitment, made between two companies that share a conviction about where industrial manufacturing is heading, ‘Mr. Gustafson added.

TCS has entered into a strategic partnership with SKF to accelerate intelligent transformation across its global operations. Through this collaboration, TCS would enable SKF to build a future-ready digital enterprise, leveraging AI to reimagine industrial manufacturing business. As part of the engagement, TCS would provide end-to-end managed services across applications, infrastructure, data, end-user services, security, and connectivity for SKF across the globe, said TCS.

K. Krithivasan, MD and CEO, Tata Consultancy Services, said, “Our partnership with SKF is centred on modernising its global IT landscape and building a resilient, scalable digital foundation for the future.’’

Together, he further said, the companies were applying data driven intelligence and AI to create an agile enterprise that can adapt to technological and market change while supporting long term sustainable growth and competitiveness.

``This collaboration reflects our joint commitment for making SKF an AI-native, industry-leading technology-driven industrial manufacturer. TCS will bring its deep domain expertise with advanced technology and partnership ecosystem to deliver outcome driven, enterprise scale business transformation across the value chain.’’ Mr. Krithivasan said.

According to regulatory filing, this partnership with SKF builds on TCS’ strong foothold in the Nordic region where it has been operating since 1991. Currently, over 20,000 TCS employees support leading enterprises in Sweden, Finland, Norway, and Denmark, driving growth and transformation for some of the region’s top corporations across multiple sectors.

Published - May 27, 2026 09:41 pm IST