About Nesco Limited

Nesco Limited is a diversified conglomerate founded in 1939 as Standard Engineering Company, later rebranded to Nesco Limited in 2001 to reflect expansion beyond engineering into real estate and experiences-led businesses. Its portfolio comprises six verticals: Realty, Exhibitions, Events, Hospitality, Engineering (Indabrator), and the new Wayside Amenities venture, operating primarily from the Goregaon, Mumbai campus with manufacturing in Gujarat. Key milestones include the 1991 launch of Bombay Exhibition Center, IT Park Towers 3 (2013) and 4 (2019), the start of Nesco Foods (2016) and Nesco Events (2017), recognition among Top 10 Real Estate brands in 2023, and the FY 2024–25 foray into highway Wayside Amenities via tenders from National Highways Logistics Management Limited. As of FY 2024–25, consolidated revenue was Rs 845.67 crore, EBITDA Rs 551.41 crore, and PAT Rs 375.22 crore, with the company remaining debt-free and focused on mixed-use expansion including a planned Tower 2 with a premium hotel. Subsidiary status in FY 2025: Nesco Retail Private Limited (incorporated February 21, 2025) as a wholly owned subsidiary for Wayside Amenities; Nesco Hospitality Private Limited dissolved August 2, 2024; Nesco Foundation for Innovation and Development under voluntary liquidation effective October 20, 2023.

Nesco Limited Business Segment

• Realty: Two fully leased IT/ITES towers totaling about 17.50 lakh sq. ft. chargeable area at Nesco Center, with 100% occupancy by March 31, 2025, hosting tenants such as HSBC, KPMG, PwC, BlackRock, Ericsson, and Apollo Global; revenue recognized as lease income.

• Bombay Exhibition Center (BEC): Established in 1991, Mumbai’s largest private exhibition venue with approximately 70,000 sq. m of air-conditioned configurable space; hosted over 140 exhibitions and events in FY 2024–25 and delivered Rs 174.61 crore revenue.

• Events: Over 40 entertainment and cultural events in FY 2024–25, supported by the new Hall 6 with capacity for 18,000 visitors; division grew 55.76% during the year.

• Hospitality (Nesco Foods): Serves exhibitions, corporate events, weddings, and retail dining; launched six new restaurants in FY 2024–25, taking total to nine; division grew 15.98% with rising event-linked F&B demand.

• Engineering (Indabrator): Vertically integrated surface preparation solutions with 1.4 lakh sq. ft. manufacturing in Gujarat and 2,500+ installations across railways, defence, and heavy engineering; FY 2024–25 revenue Rs 50.39 crore.

• Wayside Amenities: Secured three WSA packages on Hyderabad–Visakhapatnam (Khammam–Devarapalle, 4 sites), Bengaluru–Chennai (Phase II, 3 sites), and Raipur–Visakhapatnam (3 sites), to be executed via Nesco Retail Private Limited.

Segment-wise revenue contribution (FY 2024–25)

• Realty — Rs 366.17 crore (from Rs 36,616.83 lakh; consistent with segment note units).

• Bombay Exhibition Center — Rs 200.30 crore (from Rs 20,029.94 lakh).

• Foods — Rs 115.15 crore (from Rs 11,515.41 lakh).

• Industrial Capital Goods (Indabrator) — Rs 50.39 crore (from Rs 5,038.53 lakh).

• Income from Investments/Other — Rs 113.66 crore (from Rs 11,366.04 lakh).

Geographic split (Revenue from Operations)

• India — Rs 732.01 crore (from Rs 73,200.71 lakh; unit header indicates lakh).

• International — Rs 0.61 crore (from Rs 61.10 lakh).

Nesco Limited Key Management

• Krishna S. Patel — Chairman and Managing Director.

• Dipesh R. Singhania — Chief Financial Officer.

• Shalini D. Kamath — Company Secretary and Compliance Officer.

• Board as on March 31, 2025: Six Directors, including two women; four Non-Executive Independent Directors, one Non-Executive Promoter Director, and the Managing Director as Chairman.

• Re-appointment: Ms. Amrita V. Chowdhury — Independent Director (second term from May 14, 2024 to May 13, 2029).
  

Latest Updates on Nesco Limited

• Wayside Amenities entry with 10 sites awarded across three expressway corridors; execution via wholly owned subsidiary Nesco Retail Private Limited incorporated on February 21, 2025.

• Realty achieved 100% occupancy in Towers 3 and 4; plans initiated for Tower 2 including next-generation offices and a premium hotel.

• BEC strengthened position with Rs 174.61 crore revenue and sustainability upgrades; Hall 6 launched for up to 18,000 visitors supporting Events division growth.

• Hospitality expanded with six new restaurants, totaling nine outlets on campus, and scaled high-volume event catering.

• Indabrator maintained profitability with Rs 50.39 crore revenue, leveraging integrated manufacturing and aftermarket strength.

• Achieved 100% renewable electricity sourcing at Nesco IT Park; ISO 45001:2018 certification for Total Facility Management Services.

• Recognised as a Great Place to Work for December 2024–December 2025.