NBC Bearings is the product of National Engineering Industries Limited (NEI), a part of the CK Birla Group, which manufactures a wide range of bearings for the automotive, industrial and railways. The company had a gross turnover of Rs 1352 crores in 2013-14.NEI manufactures bearings in about 1000 different sizes.The foreign acquisition plans are in advanced stages with the company in talks with 5-6 firms for a buyout. The acquisitions being considered are in Eastern Europe, Germany and Spain. According to Rohit Saboo, the President and CEO, the company is planning to invest $50 million in the acquisitions