| NRB Bearings Limited was set up as a joint venture with Nadella, France, the oldest needle bearing manufacturer in the world, for the manufacture of needle rollers, needle cages, needle bushes and needle roller bearings. The company was incorporated in Bombay on 30th June, 1965 under the name of Needle Roller Bearing Company Private Limited. The Company later became a deemed public limited company under Section 43A(1) of the Companies Act, w.e.f. 27.01.1966 and converted into full fledged public company vide Special Resolution passed on 10th December, 1994. Starting with a few sizes of needle rollers, it expanded its capacity to eventually manufacture a wide range of needle rollers, needle cages, needle bushes and needle bearings. To keep pace with the expanding range and quantity new plants were set up at Aurangabad, Maharashtra in 1980 and Waluj, Maharashtra in 1991. Together with the
Thane plant they form the Needle Bearing Division (NBD) of the company.
In 1982, NRB Bearings expanded its product range and set up the General Bearing Division (GBD) at Jalna, Maharashtra for the manufacture of cylindrical roller bearings. Soon thernafter, it diversified further and commenced the manufacture of spherical roller bearings and ball bearings
at Jalna. NRB has progressively expanded its capacity at Jalna to manufacture annually 1.0 million cylindrical roller bearings, 0.5 million spherical roller bearings, 0.4 million needle roller bearings, 3.0 million ball bearings and 0.62 million taper roller bearings. The Hyderabad unit came into existence in April, 1991 when Sahney Steel and
Press Works Ltd (SSPW) was merged with the Company. At present it produces stampings, needle cages, hub-pin kits and connecting rod kits.
In view of the diversified range and types of bearings being manufactured, the name of the company was changed to NRB Bearings Limited at the Extraordinary General meeting held on 1/2/1990. The change in name has been approved by the Registrar of Companies, Maharashira vide its "Certificate of Change of Name' dated 17/4/1990.
NRB has the widest range of bearings produced in the country and it caters to a diversified set of industrtal users. Bearings are high precision industrial components with high corrosion resistance properties. They are utilised for both radial as well as axial thrusts.
Extensive use of bearings are made in the automobile and engineering industries. All machines utilise bearings for moving parts to carry load and reduce friction.
NRB pioneered the production of needle rollers bearings in India. Its customers in the automobile sector include TELCO, Maruti Udyog Ltd, Mahindra & Mahindra, Baja Auto Ltd, LML, Hero Honda, Kinetic Engineering and MICO, Sona Steering and Lucas TVS in the auto ancillary sector. Its
products also find applications with HMT Ltd, Lakshmi Machine Works, Kelvinalor, Siemens and ABB and in sectors like railways, heavy engineering and earth moving equipment. NRB exports its products to over 15 countries worldwide like Australia, Taiwan, Singapore, Germany and
Italy. NRB's quality and brand name are well respected.
NRB's indigenous manufacturing capabilities are complemented by its Agency Division which allows the Company to offer a wider range of products to its customers. It was initiated in 1980 to market bearings,
machine tool equipment/accessories, seals etc., for various industrial usages/applications including machine tools, electrical, automotive, power generation, heavy engineering and material handling equipment. This agency acts as a key marketing intermediary for a number of foreign principals from UK, France, Germany and Switzerland such as RHP,
Gamet, Nadella, Rollix, Rohm, IBC, Schneeberger. Kugler SA and Forsheda.
2000 - Crisil has assigned a P1+ rating to the commercial paper
programme of NRB Bearings.
2003-Investment of Rs 5 million to increase its shareholding in its subsidiary company SNL Bearings Ltd.
2004
- AB Electrolux inks pact with NRB Bearings to outsource components
2007
- The Company has splits its face value from Rs10/- to Rs2/-.
2008
-The company has Declaration of final dividend @ Rs 2.40/- per equity share or Rs 2/- each.
-NRB established a 100% subsidiary at Rayong, Thailand.
2009
- Inaugurated its new plant at Pantnagar in Uttarkhand.
-The company has declared dividend @ Rs 1.60/- per equity share of Rs 2/- each.
2010
-The Bonus Issue in the ratio of 1:1 announced by the Company.
-The company has declaration of dividend @ Rs. 2.00/- per equity share of Rs. 2/- each.
- Ms. Harshbeena S Zaveri has been appointed as Managing Director and Mr. Trilochan Singh Sahney as Executive Chairman.
2011
-The company has recommended dividend @ Rs. 2.00/- per equity share of Rs. 2/- each payable to members as per Register of Members.(bonus in the ratio of 1:1)
-The proposed Scheme of Amalgamation and Arrangement between Trilochan Sahney Finance and Holdings Private Limited and NRB Bearings Limited and their respective Shareholders and Creditors
2012
--The company has recommended dividend @ Rs. 2.00/- per equity share of Rs. 2/- each payable to members as per Register of Members.(bonus in the ratio of 1:1)
2013
---NRB Bearings Ltd company has recommended dividend @ Rs. 1.70/- per equity share of Rs. 2/- each payable to members as per Register of Members.
-Nalanda India Equity Fund Ltd has submitted the reporting of acqusition of Shares of NRB Bearings Ltd
2014
----NRB Bearings Ltd company has recommended dividend @ Rs. 1.10/- per equity share of Rs. 2/- each payable to members as per Register of Members.
2015
-Ujaas Energy Letter of Award received for 9MWP from Oil India Limited
-Ujaas Energy receives LOA from SECI for Solar PV System
-Ujaas Energy receives LOI for Hydroelectric Power Plant
-Ujaas Energy bagged another prestigious order from Sardar Sarovar
-Ujaas bagged EPC order of 10MW Canal Bank Grid Connected Solar Photovoltaic Power Plant at Vadodara, Gujrat.
2016
-NRB Bearings creating value with innovative design & technology.
2018
-NRB collaborates with the world's most respected mobility companies to provide futuristic products & solutions, says Harshbeena Zaveri.
2025 -NRB Bearings and Vice Chairman and MD receive two awards at E&Y sponsored Asian Brand and Leadership Awards Conclave, Bangkok. -NRB Bearings Ltd has entered into a strategic joint-venture with Italy's Unitec Group to deepen its footprint in the industrial-grade cylindrical roller bearing segment.
|