NIS Management Wins ₹3.45 Cr West Bengal Contract for Facility Management Services

NIS Management Limited has secured a significant 12-month work order worth ₹3.45 crores from the Irrigation Waterways Directorate (IWRD) of West Bengal. This contract marks a notable business development for the facility management company, showcasing its growing presence in government infrastructure management services.

Contract Details and Scope

The work order encompasses comprehensive facility management services for inspection bungalows owned by the Irrigation Waterways Directorate across multiple districts in West Bengal. The contract involves engaging personnel for day-to-day operations and upkeep of these facilities, demonstrating NIS Management's expertise in managing distributed infrastructure assets.

Parameter	Details
Contract Value	₹3,45,30,792.00
Duration	365 days (12 months)
Service Type	Personnel engagement for operations and upkeep

Service Requirements and Implementation

NIS Management will be responsible for providing personnel for the operational management and maintenance of inspection bungalows spread across various districts in West Bengal. This involves ensuring proper upkeep and day-to-day functioning of these government facilities, which are crucial for the irrigation department's operational activities.

The company will maintain these facilities to required standards while ensuring seamless operations throughout the contract period. The distributed nature of these facilities across multiple districts highlights the logistical coordination capabilities required for successful contract execution.

Strategic Significance

This contract award represents NIS Management's continued expansion in government facility management services. The successful execution of this contract could enhance the company's credentials for similar government projects across different states, potentially opening doors for future engagements with government entities.

The 12-month contract duration provides revenue visibility for the company while establishing a foundation for potential future collaborations with government bodies. This partnership with the West Bengal government serves as a testament to NIS Management's dedication and expertise in facility management operations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.90%	-9.93%	-22.64%	-33.72%	-33.72%	-33.72%

NIS Management has reported a strong performance for the first half of the fiscal year 2025-26, with consolidated revenue reaching INR 214.89 crores, marking a 6.8% year-on-year growth. The company's EBITDA also saw a significant improvement, increasing by 11.31% to INR 16.73 crores.

Financial Highlights

Particulars	H1 FY26	YoY Change
Consolidated Revenue	INR 214.89 crores	6.8%
EBITDA	INR 16.73 crores	11.31%

NIS Management, which manages 17,000 personnel across 14 states providing security and facility management services, expects 10-12% revenue growth for FY26. The company is focusing on integrated facility management and CCTV installation projects to drive this growth.

Standalone Performance

On a standalone basis, NIS Management reported:

Revenue: Rs. 20,400.31 lakhs (up 9.3% YoY)
Total Revenue: Rs. 20,468.83 lakhs (up 9.4% YoY)
Profit Before Tax: Rs. 939.79 lakhs (up 14.5% YoY)
Profit After Tax: Rs. 912.12 lakhs (up 4.6% YoY)
Basic EPS: Rs. 5.73 (compared to Rs. 5.78 in H1 FY25)

IPO Fund Utilization

NIS Management completed its Initial Public Offering (IPO) in September 2025, raising Rs. 5,174.82 lakhs. The company has provided an update on the utilization of these funds:

Objective	Amount Allocated (Rs. Lakhs)	Amount Utilized (Rs. Lakhs)	Balance (Rs. Lakhs)
Working Capital	3,600.00	121.61	3,478.39
General Corporate Purposes	955.85	0.00	955.85
Offer Related Expenses	618.97	618.97	0.00
Total	5,174.82	740.58	4,434.24

New Appointment

The company has appointed M/s. HM & Associates, a peer-reviewed firm of Practicing Company Secretaries, as its Secretarial Auditor for the financial year 2025-2026. This appointment, effective from November 13, 2025, aims to enhance corporate governance practices.

Consolidated Performance Details

Additional details on the consolidated performance include:

Revenue from operations: Rs. 21,401.00 lakhs (up 5.3% YoY)
Total revenue: Rs. 21,488.99 lakhs (up 5.3% YoY)
Profit after tax: Rs. 1,022.23 lakhs (up 6.6% YoY)
Basic EPS: Rs. 6.42 (compared to Rs. 6.33 in H1 FY25)

The company's consolidated financial position shows total assets of Rs. 31,253.45 lakhs as of September 30, 2025, compared to Rs. 25,511.13 lakhs on March 31, 2025.

NIS Management continues to demonstrate growth and financial stability, with its recent IPO providing additional resources for future expansion and working capital needs. The company's focus on corporate governance, evidenced by the new auditor appointment, suggests a commitment to transparency and regulatory compliance.