Infra.Market, a construction goods and services platform, recently divested a 10% stake valued at $20 million in RDC Concrete to investors led by Ashish Kacholia. This move closed at a company valuation of approximately $225 million.
Notably, Infra.Market had acquired RDC Concrete in 2021 for $90 million when it boasted 49 RMC plants; it now claims to have expanded to 100 plants across 48 cities.
Anil Banchhor, the founder of RDC Concrete, highlighted their focus on manufacturing and supplying Ready Mix Concrete (RMC), including specialized concrete solutions that ensure top-tier product quality and service.
RDC Concrete aims to escalate its presence, eyeing an estimated 180 RMC plants by the end of the fiscal year 2025.
This expansion coincides with Infra.Market’s strategic shift from a focus solely on B2B to a broader approach encompassing retail and B2C opportunities. They’ve also ventured into developing their own private-label brands, diversifying their portfolio. As part of their growth strategy, Infra.Market had previously announced the acquisition of majority ownership in Strata Geosystems from US-based Glen Raven for an enterprise value of Rs 910 crore.
Anil Banchhor emphasized RDC Concrete’s commitment to quality and innovation, stating, “Apart from normal concrete mixes of various grades, RDC Concrete also produces special concrete solutions using its infrastructure and technology and ensures product and service quality.”
