Infra.Market acquires RDC Concrete India

20 Sep 2021 CW Team

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), 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 crore in FY22.

Anil Banchhor, the current Managing Director and CEO of RDC Concrete will continue to 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 or construction organisations 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.”

Anil Banchhor, Managing Director and CEO of RDC said, “I joined RDC concrete in 2016 and from day one my focus along with Truenorth was to develop a strong talent pipeline and establish technology enabled processes suitable for our business needs. The result has been stupendous and fulfilling to the entire RDC team. We have over the years successfully built a very strong brand in the concrete industry and established a business that is now “built to last”. Partnering with the Infra.Market and plugging in to the ecosystem they have built will enable us to further strengthen our offerings and continue us on our path to become the category leader in the concrete industry. We are happy to partner with Infra.Market to fuel our next phase of growth.”

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.”

Souvik Sengupta, Co-Founder and CEO of Infra.Market said, “When we embarked on a journey to build Infra.Market, the vision was to build category defining companies. Concrete was one of the first product categories we started with where we believed technology and an enhanced customer experience would enable us to build a differentiated offering in the sector. Today’s acquisition of RDC is a significant benchmark for us as we have successfully reached a category defining position in the concrete industry and become a market leader. We will continue to grow and build the concrete vertical both within Infra.Market and at RDC. This also further emboldens us to keep building on our vision to build category defining companies across categories.”

Infra.Market announced that it has acquired RDC Concrete India Private Limited (“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), 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 crore in FY22. Anil Banchhor, the current Managing Director and CEO of RDC Concrete will continue to 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 or construction organisations 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.” Anil Banchhor, Managing Director and CEO of RDC said, “I joined RDC concrete in 2016 and from day one my focus along with Truenorth was to develop a strong talent pipeline and establish technology enabled processes suitable for our business needs. The result has been stupendous and fulfilling to the entire RDC team. We have over the years successfully built a very strong brand in the concrete industry and established a business that is now “built to last”. Partnering with the Infra.Market and plugging in to the ecosystem they have built will enable us to further strengthen our offerings and continue us on our path to become the category leader in the concrete industry. We are happy to partner with Infra.Market to fuel our next phase of growth.” 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.” Souvik Sengupta, Co-Founder and CEO of Infra.Market said, “When we embarked on a journey to build Infra.Market, the vision was to build category defining companies. Concrete was one of the first product categories we started with where we believed technology and an enhanced customer experience would enable us to build a differentiated offering in the sector. Today’s acquisition of RDC is a significant benchmark for us as we have successfully reached a category defining position in the concrete industry and become a market leader. We will continue to grow and build the concrete vertical both within Infra.Market and at RDC. This also further emboldens us to keep building on our vision to build category defining companies across categories.”