Infra.Market Acquires RDC Concrete India Pvt Ltd
Infra.Market announced that it has acquired RDC Concrete India Pvt Ltd (“RDC”) 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. Aaditya Sharda, Co-Founder of Infra.Market said, “We at Infra.Market currently have over 40 manufacturing units tied up with us for concrete manufacturing. RDC brings on the table a category experience of over a decade and 52 exclusive manufacturing tie ups across India. This catapults us into a category leadership position. As a combination, we are now probably India’s largest organised player in the concrete Industry. We are extremely delighted to welcome RDC to the Infra.Market family and hope to become a category defining company in the years to come.”
Tags : ALLIED Acquires Infra.Market RDC Concrete India Pvt Ltd Aaditya Sharda Anil Banchhor