NRB Bearings Acquires Aerospace Component Manufacturer Mahant Tool Room for ₹27.5 Crore
NRB Bearings Limited, a leading manufacturer of bearings and friction solutions, has announced the acquisition of Mahant Tool Room (MTR), a Bengaluru-based sole proprietorship that specializes in the manufacturing of precision machined components for the aerospace industry. The acquisition, valued at ₹27.5 crore, will provide NRB with immediate scalability and revenue visibility in the aerospace sector. MTR has an order book of over ₹25 Crores and has been recognized with HAL’s Best Performance Award for technical excellence and delivery track record. This strategic entry into the aerospace segment aligns with NRB’s high growth and diversified strategy, expanding its customer base and moving closer towards its aspirational growth plan.
Key Highlights
- NRB Bearings Limited has acquired Mahant Tool Room Private Limited, a sole proprietorship concern based out of Bangalore, for ₹27.5 crore.
- Mahant Tool Room specializes in the manufacture of sophisticated mission-critical engine and fuel systems for the aerospace industry.
- MTR has an order book of over ₹25 Crores, providing NRB with immediate scalability and revenue visibility in the aerospace sector.
- As part of the transaction, Mr Mallappa, a recognized industry expert will join NRB Group and support the expansion of the aerospace business.
- This acquisition marks NRB’s strategic entry into the aerospace segment, further broad-basing its business model in line with its high growth and diversified strategy.