Incorporated on 4 July, 1991, Menon Bearings Limited (MBL) commenced business on 23 September, 1991. Promoted by Menon Pistons, MBL is engaged into manufacturing of critical engine components i.e Bearings, bushes, thrust washers used in long haul, heavy duty diesel engines & multi axle vehicles at two locations and manufacturing of aluminium die casting components at another location. It has now diversified from applications in engines to brakes, transmission, axles, steering, suspension, marine, power generation, electrical etc.
It came out with a public issue in Jan.'93 to part-finance its Rs 8.17-cr project to manufacture the above items and to meet long-term working capital requirements. The plant is located at MIDC, Kolhapur. MBL has a technical agreement with King, Israel, which provides technical know-how for design, manufacture and commissioning.
MPL supplies to OEMs like Telco, Maruti Udyog, Mahindra & Mahindra, Kirloskar Cummins, Greaves, Eicher, etc. It currently exports to UK, Egypt, Spain, Israel and USA. MBL has undertaken an expansion programme to manufacture babbit strips.
During 1996, the company was awarded ISO 9002 certificate. The manufacturing capacity of Bushes was increased from 2700000 to 3600000 nos per annum and Thrust Washers from 565000 to 1400000 nos per annum. A new rolling process for manufacture of flanged bearings was designed and introduced successfully by the company during 2000-2001.
During the year 2004-05, the Company made i ...nvestment in Menon Alkop Pvt. Ltd. which resulted in becoming subsidiary of Menon Bearings Ltd. Two subsidiary companies viz. Menon Alkop Private Limited and M B Autocomponents Private Limited got amalgamated with the Company in May, 2009.
The Company incorporated two wholly owned subsidiary companies namely Menon Alkop Limited on 23 January, 2024 and Menon Bearings New Ventures Limited on 7 February, 2024 registered with the Registrar of Companies, Pune, Maharashtra. The Aluminium Division of the Company was sold to Menon Alkop Limited on slump sale basis on April 28, 2024.
The Company commissioned a state-of-the-art Thrust Washer manufacturing unit (Unit - III), equipped with lead-free foundry technology in 2025.
FAQs on Menon Bearings Ltd
1. Can I buy Menon Bearings Ltd from PL Capital? ›
Yes, you can invest in Menon Bearings Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Menon Bearings Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Menon Bearings Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Menon Bearings Ltd pay dividends? ›
Yes, Menon Bearings Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Menon Bearings Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Menon Bearings Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Menon Bearings Ltd. is ₹ 116.26 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Menon Bearings Ltd ? ›
The 52-week high and low of Menon Bearings Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
