NRB Bearings Subsidiary Acquires Aerospace Component Business for INR 27.5 Crore
Filing Summary
NRB Bearings Ltd has announced that its wholly owned subsidiary, Mahant Tool Room Private Limited (MTRPL), will acquire the business of M/s. Mahant Tool Room (MTR) for a cash consideration of INR 27.5 crore. MTR, a Bangalore-based sole proprietorship, specializes in manufacturing precision machined components for the aerospace industry. The acquisition is expected to be completed within three months, subject to certain conditions. This transaction marks NRB Bearings’ entry into the aerospace sector through its subsidiary, expanding its business portfolio.
NRB Bearings Ltd has informed that its wholly owned subsidiary, Mahant Tool Room Private Limited (MTRPL), will acquire the business of M/s. Mahant Tool Room (MTR), a sole proprietorship based in Bangalore. The acquisition involves a cash consideration of INR 27,50,00,000 and is subject to the completion of certain conditions precedent. The parties involved in the transaction include MTRPL, MTR, Mrs. Roopa M. Maramannavar, the sole proprietor of MTR, and Mr. Mallappa Maramannavar. A Business Transfer Agreement was signed on January 27, 2026.
The financial terms of the acquisition specify a fixed cash consideration of INR 27.5 crore. Additionally, post-closing of the transaction, further payments may be made if certain milestones are achieved, as outlined in the business transfer agreement. The acquisition does not constitute a related party transaction, and the promoter group of NRB Bearings does not have a material interest in MTR.
MTR is engaged in the manufacturing of precision machined components for engine and fuel systems, primarily serving the aerospace industry. The business comes with a confirmed order book exceeding INR 25 crore. MTR’s annual turnover for the financial year 2025 was reported at INR 1,88,30,000. The acquisition will enable NRB Bearings, through MTRPL, to enter the aerospace sector, diversifying its business operations.
The acquisition is expected to be completed within three months from the agreement signing date, with the possibility of extension by mutual consent. No governmental or regulatory approvals are required for this transaction. MTRPL will acquire the entire business of MTR, excluding certain assets as specified in the agreement.
NRB Bearings Ltd is a leading manufacturer of bearings and precision components. The company focuses on expanding its product offerings and entering new markets to enhance its business portfolio. This acquisition aligns with its strategic objective of diversification and growth in the aerospace industry.