NRB Bearings Limited has announced its strategic entry into the aerospace segment through the acquisition of M/s. Mahant Tool Room (MTR) by its wholly owned subsidiary, Mahant Tool Room Private Limited (MTRPL). MTR, a Bengaluru-based sole proprietorship, specializes in manufacturing precision machined components for the aerospace industry. The acquisition was completed for an upfront cash consideration of ₹27.5 crore. MTR possesses an order book exceeding ₹25 crore and has received HAL's Best Performance Award for technical excellence and delivery. Mr. Mallappa, an industry expert, will join the NRB Group to support the aerospace business expansion. This move aligns with NRB's long-term strategy to pursue value-accretive growth, expand into technology-intensive markets, and achieve its aspirational growth plan of a ₹2,500 crore turnover within five years. The acquisition is expected to enhance technological depth, broaden the addressable market, and create long-term shareholder value by leveraging NRB's engineering foundation and precision manufacturing capabilities.
