### **Overview** NESCO Limited is a diversified Indian conglomerate with integrated business verticals spanning **Exhibitions, Events, Hospitality, Real Estate, and Engineering**. Headquartered in Mumbai, the company operates from its flagship **Nesco Center in Goregaon**, a strategically located, self-sustained ecosystem that combines Grade-A office spaces, exhibition grounds, hospitality, and premium food & beverage (F&B) services. With a legacy of over three decades, particularly through the **Bombay Exhibition Centre (BEC)**—India’s largest privately-owned exhibition facility—NESCO is repositioning itself as a leader in experiential infrastructure and sustainable development. --- ### **Business Segments** #### **1. Nesco Realty** - **Flagship Asset**: Nesco IT Park, spread across 2.5 million sq. ft., with **17.5 lakh+ sq. ft. of chargeable area**, located at Nesco Center, Mumbai. - **Key Tenants**: Multinational corporations including **HSBC, KPMG, PwC, BlackRock, Ericsson, HERE Technologies, and Lucasfilm**, under long-term lease agreements. - **Sustainability**: Buildings are **LEED Platinum certified**, aligning with ESG trends and green building standards. - **Growth & Expansion**: - Tower 3 and Tower 4 achieved **full occupancy by FY 2024–25**, contributing to a **15.03% YoY revenue growth** in the realty vertical. - **Tower 2 redevelopment** has received Intimation of Disapproval (IOD) from BMC; it will add **~5.01 million sq. ft.**, including **~1.65 million sq. ft. of premium office space** and a mixed-use complex featuring: - India’s largest hotel by room inventory: **732 premium rooms + 172 serviced apartments**. - Enhanced public spaces, F&B zones, and extensive parking. - **Strategic Advantage**: Proximity to metro, rail, and road networks; limited competition due to scarcity of large-scale private exhibition land in Mumbai. --- #### **2. Nesco Events** - **Venue**: **Bombay Exhibition Centre (BEC)**, established in 1991, offers **70,000 sq. m (approx. 7.5 lakh sq. ft.)** of customizable, air-conditioned space. - **Footfall**: Hosts **over 2 million visitors annually**, including trade shows, public exhibitions, concerts, and cultural festivals. - **Recent Developments**: - **Hall 6 launched (Aug 2025)**: Can accommodate **over 18,000 visitors**, fully air-conditioned, with a pre-function lobby, food court, and basement parking for 450+ vehicles. - **Pillar-free renovations underway** across all halls to meet modern demands for expos and entertainment events. - **Event Portfolio**: - Hosted **40+ live events in FY 24–25**, including concerts, Navratri, and Holi celebrations. - Developed in-house IPs like *“Kula – Tattoo Festival”* and *“The Da Vinci: Genius – Interactive Immersive Experience”* (Nov 2024–Mar 2025). - Key partnerships with **government bodies and private organizers** for B2B/B2C platforms. - **Challenges**: Infrastructure constraints due to high demand and past use as a COVID facility; ongoing modernization to improve competitiveness. --- #### **3. Nesco Foods (Hospitality & F&B)** - **Core Services**: Full-stack hospitality provider offering **corporate catering, banqueting, weddings, outdoor catering, QSRs, food courts, and experiential dining**. - **Infrastructure**: Operates **India’s largest non-flight kitchen** (**24,000 sq. ft.**), capable of producing **80,000 meals/day**. Additional facility: **The Root (25,000 sq. ft., 20,000 meals/service)**. - **Brands & Partnerships**: - **Owned Brands**: *Zuo, Daily Deli, Indic, Dress Circle, Quick Bites, Chettinad Express*. - **Partner Brands**: *Domino’s, Subway, Social, Smoke House Deli, Third Wave Coffee, Rajdhani, Hitchki, Cheelizza*, and more. - **Restaurant Count**: 9 outlets (as of Jul 2025), up from 3 in FY 2023–24. - **Revenue Growth**: **15.98% in FY 2024–25**, driven by expanded F&B presence and event catering. - **Expansion**: - Outdoor catering now active in **Delhi, Jaipur, Hyderabad, Chennai, Goa, Bengaluru, Pune**. - Provided exclusive catering for India International Trade Fair (Delhi), large Holi events (DY Patil, MMRDA), and 35+ Navratri events. - **Innovations**: Introduced **co-branded payment cards, value meal boxes, mobile food carts, bulk water bottles, and luxury flying buffet** concepts. - **Strategic Goal**: Position **Nesco Foods** as a pan-India culinary brand, with expansion into **malls, IT parks, expressway amenities, and airport lounges**. --- #### **4. Indabrator (Engineering Division)** - **Core Business**: Leading manufacturer of **surface preparation solutions**—shot blasting machines, peening systems, paint lines, spares, and abrasives—with **60+ years of experience**. - **Manufacturing**: - Operates **1.4 lakh sq. ft.** of integrated facilities in **Karamsad (foundry & abrasives)** and **Vishnoli (equipment)**, Gujarat. - **Backward-integrated model**: One of the few Indian manufacturers producing **equipment, spares, and abrasives in-house**. - **Certifications**: **ISO 9001:2015 (Quality), ISO 14001:2015 (Environment), ISO 45001:2018 (OHS)**. - **Key Clients**: **ISRO, SAIL, Tata Steel, JSW, NALCO, Benteler, Railways, Defence, Heavy Engineering**. - **Financials (FY 2024–25)**: - Revenue: **₹50.39 crores (₹5,038.53 lakhs)**. - Segment Breakdown: Equipment (₹28 cr), Spares (₹10 cr), Abrasives & Others (₹12 cr). - Revenue in H1 FY 25–26: **₹18 crore**, indicating positive momentum. - **Competitive Edge**: End-to-end lifecycle support, customization, and **2,500+ installations** across India and overseas. - **Growth Avenues**: - **Exports**: Limited to UAE, Bangladesh, Zambia (0.12% of turnover); potential for scale. - **New Products**: Casted components, heavy fabrication, and full paint/coating systems. - **Digital Transformation**: Adoption of automation and smart manufacturing. - **Challenges**: Pressure from low-cost imports (abrasives), compliance with international standards, and competition from global OEMs. --- #### **5. Way Side Amenities (WSA) – Strategic Expansion** - **New Vertical**: Entered via **Nesco Retail Private Limited**, a wholly-owned subsidiary. - **Awarded**: **3 tenders from National Highways Logistics Management Limited (NHLML)** to **develop, operate, and maintain 11 WSA sites** on high-traffic national expressways. - **Facilities to Offer**: - Fuel & non-fuel retail - Food courts & QSRs - Restrooms, dormitories, parking - Vehicle repair and retail outlets - **Objective**: Transform highway rest stops into **integrated hospitality hubs**, extending Nesco’s footprint beyond urban centers. - **Significance**: Marks **first major expansion outside Goregaon**, leveraging F&B, retail, and operational expertise. - **Timeline**: Supported by **4.5 years of market research**, now in execution phase post-regulatory clearances. --- ### **Strategic Direction (2025 and Beyond)** - **Integrated Redevelopment**: Converting legacy assets into **multi-functional, customer-centric destinations** combining work, leisure, and culture. - **Pan-India Growth**: Scaling **Nesco Foods and WSA** across high-footfall corridors, including expressways, railways, and airports. - **Sustainability & Innovation**: - Green-certified real estate. - Investment in energy efficiency, waste management, and digital tenant services. - Smart offices and immersive experiences in events. - **Scalable F&B Model**: Leveraging central kitchen capacity, brand partnerships, and ODC (Out-of-Campus Dining) catering for national presence. - **Engineering Excellence**: Cementing **Indabrator’s leadership** in surface prep technology while exploring export and heavy fabrication opportunities. --- ### **Financial Summary (FY 2024–25)** | **Division** | **Revenue (₹ Crore)** | |--------------------|------------------------| | **Indabrator (Engineering)** | 50.39 | | **Nesco Realty** | +15.03% YoY growth | | **Nesco Foods** | +15.98% YoY growth | | **Exports (Indabrator)** | ₹67.23 lakhs (0.12%) | ---