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Menon Bearings incorporates wholly owned subsidiary

14 Dec 2022 Evaluate

Menon Bearings has incorporated a wholly owned subsidiary on December 12, 2022 namely ‘Menon Brakes’, as a Private Limited Company. The ‘Menon Brakes’ is being incorporated to carry on the business of designing, manufacturing, dealing, trading, importing, exporting, stockists, buying and selling, in India or elsewhere in the world, brake linings, brake shoes and its accessories, rivets, riveted shoes, clutch, clutch tools, clutch facing, axels, brake pads and brake discs, brake rotors, brake lines, brake kits, racing brake fluid, all types of brakes, break system components, etc. and / or to carry out other related activities. The company has subscribed to 8,25,000 equity shares at the face value of Rs 10 each aggregating to Rs 8.25 crore.

Menon Bearings (MBL) manufactures a whole range of bi-metal engine bearings, bushes & thrust washers for light medium & heavy automobile engines, 2 wheeler engines as well as for compressors & for refrigerators & air conditioners.

Peers
Company Name CMP
Schaeffler India 4005.30
Timken India 3205.30
SKF India 1538.30
NRB Bearings 534.75
Menon Bearings 295.50
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