About Nibe Limited

Nibe Limited is an Indian engineering and manufacturing company with a growing presence in defence and allied technologies. The Company issued its 20th Annual Report for FY 2024-25, underlining two decades of operations. It is headquartered at Chakan, Pune, with a corporate office in Mumbai, and manufacturing plants at Chakan (Pune) and Bengaluru. The registered office is at Plot No. E-2/2, Phase III, MIDC Industrial Area, Nanekarwadi, Taluka–Khed, Chakan, Pune, Maharashtra – 410501; the corporate office is in Andheri (East), Mumbai; and plants are located in the Chakan Industrial Area, Pune.

What Nibe does: the Company focuses on precision weapons, surveillance and communication equipment, protective vehicles, and defensive/deterrence systems and components. It operates two plants in Pune (including facilities for heavy fabrication, a Missile Complex, and Small Arms Production with 16 m and 12 m Vertical Machining Centres with 7-micron accuracy) and an electronics manufacturing plant in Bengaluru. Nibe serves the domestic market primarily, with operations and customer deliveries centred in India.

Subsidiaries: As on March 31, 2025, the Company has six subsidiaries.

Nibe Limited Milestone

Key milestones in recent years include expansion of manufacturing capacity to three plants and a technology licensing agreement from DRDO for Solar Heated Shelters. The DRDO licence is non-exclusive for 10 years from execution, enabling manufacture in India and sale within the licensing region.

Nibe Limited  Key Management

– Ganesh Ramesh Nibe – Chairman & Managing Director

– Ranjan Choudhary – Chief Executive Officer (w.e.f. May 29, 2025)

– Rajesh Khatri – Chief Financial Officer (w.e.f. May 29, 2025)

– Komal Bhagat – Company Secretary & Compliance Officer

Latest Updates on Nibe Limited 

• Technology licence: Nibe executed a licensing agreement with DRDO to use the Solar Heated Shelters technology for 10 years, covering manufacture in India and sales within the licensed region.
• Manufacturing footprint: The Company now operates two plants in Pune (including heavy fabrication, Missile Complex and Small Arms Production) and one plant in Bengaluru focused on electronics manufacturing.
• Capital and equity changes: During the year, Nibe issued and allotted 11,64,383 equity shares of Rs. 10 each at a price of Rs. 365 per share on receipt of the balance 75% of warrant amount. As on March 31, 2025, 2,04,705 warrants remained outstanding.
• Employee stock options: Under “Nibe Limited ESOP 2022”, 10,000 options were granted on May 27, 2024; 1,41,500 stock options were available for grant as on March 31, 2025.
• Leadership: Nibe announced new appointments—Ranjan Choudhary as CEO and Rajesh Khatri as CFO—with effect from May 29, 2025.