NRB Bearings Ltd. (India; BSE SMALLCAP: 530367; website ) has been named to Forbes magazine's list, "Asia's 200 Best Under a Billion." [Forbes article here]

Forbes evaluated more than 22,500 publicly listed companies across 14 Asian and Pacific rim countries, assessing consistent performance, sales and profit growth over the past three years.

From India, 16 companies made the list. Of those, NRB Bearings is one of only three involved in heavy manufacturing.

NRB scored by posting 3-year average sales growth of 20%, EPS growth of 29%, and Return on Equity of 29%.

With a market value of $108 million, NRB reported 12-month net income of $9 million on $72 million sales.

Mr. Harshbeena Zaveri, NRB's President, said: "It is an honor for us to be included on the list; I thank my team for their perseverance and commitment to quality, customer service, and product innovation."

Founded in 1965, NRB manufactures needle roller, thrust and cylindrical roller bearings. The majority of its output -- 85% -- goes to automobile and light truck manufacturers. In the Indian market, NRB is also a key supplier to the textile and rail industries.