NBC Bearings is the product of National Engineering Industries Limited (NEI), a part of the CK Birla Group, which manufactures a wide range of bearings for the automobile, industry and railways. The company had a gross turnover of Rs 1352 crores in 2013-14. NEI manufactures bearings in about 1000 different sizes. Foreign acquisition plans are in advanced stages with the company in talks with 5-6 companies for a purchase. The acquisitions under consideration are in Eastern Europe, Germany and Spain. According to Rohit Saboo, president and CEO, the company plans to invest $ 50 million in acquisitions.
The NBC current makes 150 million bearings annually through its four plants. NEI aims to double production capacity over the next seven years. The NBC brand has a market share of 24% in the domestic market. Approximately 70% of NEI's sales come from OEMs and 30% from the replacement market. The turnover is close to 60% of the automotive sector (OEM and after-sales), 30% of railway products and 10% of low volume industrial applications. The ability to meet customer needs from the product concept led to the development of 60 new products in the year.