The company plans to double its turnover by 2025 and is the fastest growing bearings brand.
Jaipur, 18 July 2023: National Engineering Industries Ltd (NEI), part of USD 2.8 billion diversified CK Birla Group and a leading manufacturer of bearings hosted its esteemed stockists from across India amidst the vibrant city of Cairo, Egypt. The conference, titled “Partnership for Exponential Growth,” served as a dynamic platform for collaboration, knowledge sharing, and networking among industry leaders.
This highly anticipated event in the industry brought together key players in the bearings replacement business, aiming to foster mutual growth and explore new opportunities.
Mr. Sanjeev Taparia, CMO of NEI, expressed his excitement about hosting the conference, stating, “We are thrilled to bring together the key players in the bearings replacement business in India. Through partnerships and collaboration, we believe we can achieve exponential growth and drive innovation in the industry. As the fastest growing bearings brand, NBC Bearings has planned an investment of Rs. 200 crores in current fiscal “
Mr. Shailesh Patni, Vice President of Sales & Marketing, NEI, added, “We have set an ambitious goal to double our turnover by 2027. This conference aims to establish synergies between customer demand and our preparedness to meet future bearing requirements, propelling our channel partners towards exponential growth. We plan to introduce over 500 new bearing sizes in the market to fuel this growth.”
“The company’s commitment to sustainability and digitization has solidified its position as an industry leader. Groundbreaking initiatives such as the unique code on every bearing and the NBC Connect App for mechanics and retailers have propelled NBC Bearings to the forefront of the industry.” said Mr. Sharad Gupta, Addl. General Manager, NEI.
The conference featured an engaging lineup of keynote speeches, recognition of super achievers through prestigious awards, and interactive sessions covering various aspects of the bearing replacement business. Attendees gained valuable insights into market trends, technological advancements, and strategies for sustainable growth.
NBC Bearings continues to revolutionize the bearings industry, fostering a culture of collaboration and innovation. By hosting this successful conference, the company reinforces its commitment to driving the industry forward and achieving unparalleled growth.
About National Engineering Industries Ltd (NBC Bearings)
Founded in 1946, National Engineering Industries Ltd (NEI), is a part of the US$ 2.8 bn CK Birla group and manufacturer of NBC brand of bearings. Enabling sustainability by making movement more efficient, NEI is India’s leading manufacturer and exporter of bearings with production of 200 Mn bearings annually in over 2300+ variants for application across automotive, railways, aerospace and industrial segments to serve customers in more than 30 countries. It also serves the Indian aftermarket through a countrywide network of over 550 authorized stockists and thousands of retailers.
Headquartered in Jaipur, India NEI is the only bearings manufacturer in the world to win the prestigious Deming Grand Prize (2015). With an employee strength of over 2,800 and five manufacturing plants in Jaipur (2), Newai (Rajasthan), Manesar (Haryana) and Vadodara (Gujarat), NEI is equipped with global manufacturing and process technology and has one of the best R&D centres in India. Apart from being technologically advanced, the company practices methods of sustainability by using alternate sources of energy and increasing the efficiency of the manufacturing process by leveraging on the power of digitisation. NBC Bearings is committed to be carbon neutral by 2039.
In 2020, National Engineering Industries Ltd, acquired Kinex bearings in Europe through it’s subsidiary NBC Global Ag, to enhance, diversify and provide best-in-class products to its existing and potential customers. In 2022, NBC Global Ag opened it’s Global Technology Centre in Germany to support innovation and provide support to NEI’s global growth. For details, visit: https://nbcbearings.com/