Infra.Market Acquires RDC Concrete India

By OEM Update Editorial September 21, 2021 10:45 pm IST

The acquisition catapults company to category leadership in the Concrete Industry.

Infra.Market announced to have acquired RDC Concrete India Pvt Ltd from True North, a leading home-grown private equity firm. RDC is the largest independent ready mixed concrete company in India. True North held a majority equity stake in the company through its initial investment in 2005.

The company manufactures and supplies Ready Mix Concrete (RMC). Its portfolio of customers includes construction companies, real estate developers, contractors, infrastructure companies, Industrial Projects (Cement, Steel, Power Plants etc), Commercial Projects and individual owners. Apart from normal concrete mixes of various grades, RDC Concrete also produces special concrete solutions using its world class infrastructure and technology and ensures product and service quality.

It now has 52 plants across India and is expected to clock annual revenue of over 1000 crores in FY22.

Anil Banchhor the current Managing Director & CEO of RDC Concrete will continue be at the helm of RDC. He leads a hand-picked management team that has a holistic understanding of the ready mixed concrete industry. Each member of the management team has experience of over a decade in a leadership role in leading ready mixed concrete and/or construction organizations and brings to the table a unique blend of skills that will help RDC continue to achieve its goal of being a significant force in the ready mixed concrete industry.

Ashish Bhargava, Partner, True North, said, “RDC is a great example of True Norths “Buy and Build” philosophy. We partnered with a high-quality management team and together built one of the most admired and largest independent RMC companies in India. RDC through its customer-focused approach has consistently given industry leading operational and financial performance. With a deep focus on execution excellence and innovation, the company has constantly attempted to achieve global quality standards. We are proud of RDC’s extensive efforts towards digitisation and ESG integration and are fully confident of its growth & transformation. RDC has grown exponentially over the last decade, and we see this growth accelerate with a committed partner like Infra.Market.”

For more info, visit: https://infra.market/