Premier Bearings Targets Rs 500 Crore Revenue Milestone

Premier Bearings plans to achieve a revenue of Rs 500 crore within five years, projecting Rs 280 crore in the current fiscal year. The company supports steel, cement, paper, and mining sectors, especially in India's western and southern regions. The national bearings market is valued at around Rs 20,000 crore.

Premier Bearings, a key player in the bearings industry, is ambitiously aiming for a revenue landmark of Rs 500 crore in the next five years, according to a top company executive.

The company expects to reach Rs 280 crore in revenue by the end of this fiscal year, which concludes on March 31.

Surendra Choraria, founder of Premier Bearings, stated that the company delivers bearings nationwide, catering predominantly to the steel, cement, paper, and mining industries, with significant market demand stemming from the western and southern regions of India.

(With inputs from agencies.)