Bengaluru, Sept. 24 -- India's auto ancillary sector features leading multinational subsidiaries known for their strong financial health. Three such companies in the country maintain nearly debt-free balance sheets, bolstered by significant cash reserves.

SKF India Ltd SKF India Ltd is a leading bearings and lubrication systems manufacturer, serving diverse industries such as automotive, industrial equipment, and energy. Known for its innovation and engineering excellence, the company emphasizes sustainability, efficiency, and reliable motion solutions.

With market capitalization of Rs. 23,466 cr, the shares of SKF India Ltd are currently trading down at Rs. 4,735 per share, from its previous close of Rs. 4,741 per share.

The company o...