READY FOR CHAL­LENGES

SHE ENERGISES AND MO­TI­VATES HER TEAM TO RIDE THROUGH TUR­BU­LENT TIMES TO COME OUT A WIN­NER.

Business Today - - THE MOST POWERFUL WOMEN IN BUSINESS - By P. B. JAYAKUMAR

NRB Bear­ings Ltd’s Vice Chair­man and Man­ag­ing Di­rec­tor Harsh­beena Zaveri – who has made it to Busi­ness To­day’s MPW list for the sec­ond con­sec­u­tive year – is ready to take up chal­lenges. The auto-an­cil­lary in­dus­try may face a cri­sis in near fu­ture, with chal­lenges of tran­sit­ing to hy­brid and elec­tric ve­hi­cles. “I be­lieve in en­er­gis­ing and mo­ti­vat­ing the team in such chal­lenges,” she says.

NRB will in­vest over ` 200 crore over the next cou­ple of years in R&D and is beef­ing up in­fra­struc­ture and man­u­fac­tur­ing fa­cil­i­ties. New prod­ucts are com­ing out ev­ery year. “We have de­vel­oped pro­to­types and will come out with new prod­ucts ev­ery year,” says Zaveri. “We have a flex­i­ble cus­tomised man­u­fac­tur­ing pol­icy suit­ing each of the clients; de­ci­sion-making is de­cen­tralised and 30 per cent of our man­age­ment team is less than 30 years old,” she elab­o­rates as the suc­cess mantra of NRB.

De­spite the pangs of de­mon­eti­sa­tion and Goods and Ser­vices Tax (GST), NRB did well last year. It recorded a to­tal in­come of

` 859 crore last year and had 37 per cent growth in ex­ports to orig­i­nal equip­ment man­u­fac­tur­ers (OEMs). NRB ex­ports 25 per cent of its pro­duc­tion, mainly to Orig­i­nal OEMs in Europe and the US.

Zaveri says un­like its com­peti­tors, the com­pany looks at gen­er­at­ing more prof­itabil­ity and had ` 93 crore in prof­its at the group level in fi­nan­cial year 2017/18, a jump of 75 per cent over ` 53 crore in the pre­vi­ous year.

WHY SHE MAT T E RS

NRB Bear­ings, un­der her lead­er­ship, recorded a whop­ping 75% jump in prof­its in FY 2017/ 18

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