NRB Bearings Limited has completed the acquisition of the business of Mahant Tool Room, marking its entry into the aerospace components segment and expanding beyond its core automotive and industrial operations. The acquisition was executed through Mahant Tool Room Private Limited, a wholly owned subsidiary of the company.
The transaction was carried out under a Business Transfer Agreement for an upfront cash consideration of INR 275 million. Mahant Tool Room is a Bengaluru-based sole proprietorship engaged in the manufacture of precision machined components for aerospace applications, including mission-critical engine and fuel systems.
The acquired business comes with an order book of more than INR 250 million, providing near-term revenue visibility in the aerospace segment. The company said Mahant Tool Room has previously received Hindustan Aeronautics Limited’s Best Performance Award for technical excellence and delivery performance.
As part of the transaction, Mallappa Maramannavar will join the NRB Group to support the expansion of its aerospace business. The company said the acquisition enables it to accelerate entry into a high-entry-barrier segment that typically requires extended qualification timelines.
“This acquisition is aligned with NRB’s long term strategy of pursuing value accretive growth opportunities and expanding its presence in technology intensive end markets,” said Harshbeena Zaveri, Vice Chairperson and Managing Director of NRB Bearings Limited. “This acquisition represents an important strategic milestone for NRB.”
“Our joint ventures and acquisition strategy is focused on enhancing speed to market; generally entry into this high barrier industry take three years, however through this approach, we can leverage an existing order book of over 30 crores of high performance applications for this rising niche sector and speed the delivery of the friction solutions we are engineering for the aerospace industry alongside the current product capabilities that Mahant Tool has established in high technology precision applications – a domain that aligns well with NRB’s engineering and cultural strengths in supporting high end quality and performance driven customers,” she added.
NRB Bearings said the acquisition supports its strategy of diversifying into high-growth, technology-intensive segments and expanding its customer base beyond automotive applications. The company has stated an aspirational goal of achieving turnover of over INR 25 billion within the next five years.
Established in 1965 and headquartered in Mumbai, NRB Bearings Limited manufactures needle roller bearings, cylindrical roller bearings, and friction solutions for mobility and industrial applications, with manufacturing facilities in India and overseas.