NISUS Finance Acquires Majority Stake in NCCCL for ₹70 Crores, Strengthening Urban Infrastructure Portfolio

2 min read     Updated on 03 Sept 2025, 12:50 PM
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Overview

Nisus Finance Services Co Limited has acquired a majority stake in New Consolidated Construction Company Ltd (NCCCL) through a ₹70 crore management-led buyout. The deal aims to strengthen NCCCL's financial position and capitalize on India's infrastructure opportunities. Nisus Finance's subsidiary, Nisus Finance Projects LLP, infused primary growth capital into NCCCL. The acquisition integrates Nisus' capital strength with NCCCL's construction legacy, diversifies revenue streams, and expands access to premium project pipelines. Mr. Mahesh Mudda will assume the role of Promoter while continuing as MD & CEO of NCCCL. The transaction positions Nisus Finance to leverage India's infrastructure boom, scale AUM, and enhance returns.

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Nisus Finance Services Co Limited (BSE: NISUS | 544296 | INE0DQN01013) has made a strategic move in the urban infrastructure sector by acquiring a majority stake in New Consolidated Construction Company Ltd (NCCCL) through a management-led buyout. The transaction, valued at ₹70.00 crores, aims to bolster NCCCL's financial position and capitalize on emerging infrastructure opportunities in India.

Transaction Details

  • Nisus Finance, through its subsidiary Nisus Finance Projects LLP, has acquired a majority stake in NCCCL.
  • The deal involves an all-cash, management-led buyout.
  • Nisus has infused ₹70.00 crores as primary growth capital into NCCCL.

Strategic Rationale

The acquisition aligns with Nisus Finance's strategy to scale and consolidate India's infrastructure ecosystem. Key benefits include:

  1. Strengthened Urban Infrastructure Platform: Integrates Nisus' capital strength with NCCCL's eight-decade legacy in construction.
  2. Diversified Revenue Streams: Enables Nisus to participate in value creation through financing and capturing operating leverage in the construction value chain.
  3. Enhanced Developer Relationships: Expands access to marquee developer clients and premium project pipelines.
  4. Operational Upside: Leverages NCCCL's proven project delivery capabilities to unlock efficiencies and synergies.

Leadership Continuity

  • Mr. Mahesh Mudda, MD & CEO of NCCCL, will assume the role of Promoter.
  • The senior leadership team of NCCCL will remain intact, ensuring stability and execution excellence.

Growth Outlook

The transaction positions Nisus Finance to capitalize on India's infrastructure boom:

  • Leverage sectoral tailwinds driven by urbanization, housing demand, smart cities, and new-age assets.
  • Scale Assets Under Management (AUM) and enhance returns by combining financing expertise with direct execution exposure.
  • Advance Nisus' vision of becoming a differentiated financial and operating partner in India's building infrastructure development.

Management Commentary

Amit Goenka, Chairman & Managing Director of Nisus Finance Services Co Limited, stated, "This acquisition unlocks a new growth chapter for Nisus. It represents a unique synergy between our vision for urban infrastructure and NCCCL's decades of execution excellence. We are positioned to capture significant operating leverage and drive scale, efficiency, and resilience in a sector supported by strong structural tailwinds."

Mahesh Mudda, MD & CEO of NCCCL, added, "As a professional-turned-Promoter, I'm investing not just my four decades of sectoral experience but also my conviction into taking NCCCL to the next orbit. With Nisus' capital strength and strategic foresight, we will institutionalize execution while staying rooted in our core values of trust and engineering excellence."

About NCCCL

Key Information Details
Founded 1946
Headquarters Mumbai
Projects Delivered 200+ million sq. ft. across 500+ projects
Current Order Book Exceeding ₹2,600.00 crores
Expertise Buildings & Factories vertical (residential, commercial, IT parks, hospitals, and more)
Key Clients Prestige Group, Bagmane Developers, L&T, and Phoenix Mills

This strategic acquisition marks a significant milestone for both Nisus Finance and NCCCL, positioning them to play a pivotal role in India's urban infrastructure development landscape.

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Nisus Finance Reports Strong Q1 Results and IPO Proceeds Utilization

1 min read     Updated on 12 Aug 2025, 09:11 PM
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Overview

Nisus Finance announced Q1 financial results with revenue from operations at ₹2,840.30 lakh and net profit at ₹1,615.84 lakh. The company operates in Transaction Advisory Services and Fund and Asset Management segments. Of the ₹101.62 crore raised in its IPO, ₹81.59 crore has been utilized. Strategic developments include an MoU for tokenization of funds worth up to $500 million and plans to acquire a 69% stake in NCCCL. The Board approved an employee stock option plan for up to 7,16,343 options.

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Nisus Finance has released its Q1 financial results and IPO proceeds utilization report, showcasing robust growth and strategic investments.

Financial Highlights

The company reported impressive consolidated financial results for the quarter:

  • Revenue from operations surged to ₹2,840.30 lakh, compared to ₹6,473.21 lakh for the entire previous fiscal year.
  • Net profit attributable to owners of the company reached ₹1,615.84 lakh.
  • Earnings per share (EPS) stood at ₹6.77 (not annualized).

Segment-wise Performance

Nisus Finance operates in two primary business segments:

  1. Transaction Advisory Services: Generated revenue of ₹1,785.48 lakh with a segment result of ₹1,463.39 lakh.
  2. Fund and Asset Management: Contributed ₹1,084.63 lakh in revenue with a segment result of ₹1,053.98 lakh.

IPO Proceeds Utilization

The company raised ₹101.62 crore through a fresh issue in its IPO during December 2024. As of June 30, 2025, Nisus Finance has utilized ₹81.59 crore of the proceeds, with ₹20.03 crore remaining unutilized. Key allocations include:

Object Amount Allocated (₹ in Lakh) Amount Utilized (₹ in Lakh) Unutilized Amount (₹ in Lakh)
Fund setup and infrastructure 1,246.45 1,160.88 85.57
Fund raising cost and placement fees 3,590.58 1,681.06 1,909.52
Investment in subsidiary (Nisus Fincorp) 2,500.00 2,500.00 0.00
General Corporate Purpose 2,226.12 2,167.06 7.75
Share Issue Expense 598.93 650.24 0.00

The monitoring agency, CARE Ratings Limited, reported no deviations from the stated objects for the quarter.

Strategic Developments

  • Nisus Finance's subsidiary, Nisus Finance Investment Consultancy FZCO (NiFCO Dubai), signed an MoU with Xchain Technologies FZCO for tokenization of funds and assets worth up to US$500 million.
  • The company is in the process of acquiring a 69% stake in New Consolidated Construction Company Limited (NCCCL) through its subsidiary, Nisus Finance Projects LLP.
  • The Board has approved the Nisus Employees Stock Option Plan 2025, proposing to grant up to 7,16,343 stock options, subject to shareholder approval.

Management Commentary

Amit Goenka, Chairman & Managing Director, stated, "Our strong Q1 performance reflects the successful execution of our growth strategy. We are making significant strides in expanding our fund and asset management business while maintaining a robust transaction advisory services segment."

Nisus Finance continues to demonstrate its commitment to growth and innovation in the financial services sector, leveraging technology and strategic partnerships to enhance its market position.

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