NBC Bearings, under the umbrella of National Engineering Industries (NEI) – part of the US$ 3 billion C K Birla Group, epitomizes reliability, quality, and adaptability in the realm of bearings. With a global presence spanning over 30 countries, NBC Bearings annually produces a staggering 250 million bearings across 3,100 variants, with applications in diverse sectors like automotive, railways, aerospace, and industrial segments.
Even In the estimated Rs 13,500 crore market for Indian bearings in 2022-23, where only 50% is catered by the domestic organized bearing manufacturers, NBC Bearings was able to maintain a healthy market share and is one of the leading manufacturers and exporters of bearings from India. For 2023-24, NEI registered a revenue from operations of Rs.3262.99 Crores.
The company also has a wholly owned subsidiary NBC Global AG, incorporated in Switzerland on June 28, 2017, to provide better services to customers in the growing international markets by being closer to them. In June 2020, NEI acquired Kinex Bearing & Global supply through NBC Global Ag.
Embracing the ethos of continuous improvement, NBC Bearings is proactively realigning its strategies to anticipate and address future challenges. With a keen focus on the automotive industry's shift towards electric and hybrid systems and stricter emission standards, the company is planning to invest more than Rs 300 crore in the current fiscal year to sustain its growth trajectory.
The company is also committed to sustainability and digital transformation. Each bearing now carries a unique identification code, facilitating traceability and authenticity verification. Additionally, the company has developed user-friendly apps for mechanics and retailers, streamlining processes and enhancing customer experience. NBC Bearings is the only company in India, where each bearing can be identified based on its number.
In anticipation of emerging technologies such as hydrogen fuel cells and advancements in internal combustion engines, NBC Bearings is actively exploring material and design modifications. This smart way of thinking helps the company stay ahead in inventing new things and always be ready to meet what its customers need as things change.
In the realm of electric vehicles (EVs), NBC Bearings is pioneering customized solutions tailored to the unique requirements of EV transmission systems. By collaborating closely with Original Equipment Manufacturers (OEMs) across various vehicle segments, the company ensures seamless integration and optimal performance of its bearings in hybrid and battery-electric vehicles. Advanced Sensor Bearings provide real-time data to enhance predictive maintenance and operational precision.
To support its innovation endeavours, NBC Bearings leverages advanced simulation tools in its state-of-the-art production facilities. This enables the development of approximately 150 new products annually, catering to the specific demands of OEMs. To date, NBC has been granted 43 patents for its designs out of which 16 patents were granted in FY 23-24 alone.
With its focus on research and development, NBC Bearings collaborates with renowned institutions in India. This collaborative effort enhances the company's design, testing, and validation capabilities, ensuring the delivery of cutting-edge solutions to its customers. NBC has already started working in the aerospace sector, researching on bespoke bearings. As the company continues to innovate, NBC Bearings remains at the forefront of technology, setting new standards in quality and excellence across industries.
