Promoter Pledge Reduction
Managing Director Harshbeena Zaveri freed 19.6 million shares from pledge, resulting in substantial reduction in promoter pledged shares from 31.64% to 11.42%. The promoter level debt was reduced through a block deal. Investors now include institutional funds Arohi Capital, PGIM, Alchemy, and Arcadian.
Financial Performance
Strong FY26 performance with revenue growth of 11% and EBITDA margin of 19.5%, driving high cash flows.
Growth Strategy
NRB is aggressively expanding capacity to support three main business pillars:
- EV-Agnostic Auto Business: Focus on products that grow regardless of market shift to electric vehicles (EVs) or traditional engines
- Industrial Scaling: Aiming to grow industrial segment to 25% of total revenue by 2031 (currently 12-14% of revenue) through joint ventures and acquisitions, focusing on Aerospace, Defense, Industrial Gearboxes, Construction Equipment and Data Centers
- Global Expansion: International sales comprise 20-25% of revenue, supported by "Make in USA" strategy to capture American demand
Competitive Advantages
World-class R&D facilities serving as key differentiator in product development and engineering, attracting global customers and leading to strong customer partnerships.
Talent Management
NRB continues to be recognized as a "Great Place to Work" with a young leadership team where over 30% of management is under the age of 35.