Nisus Acquires Majority Stake in NCCCL for Rs 700 Million
09 Sep 2025 CW Team
Nisus Finance Services Co Limited has acquired a majority stake in New Consolidated Construction Company Ltd (NCCCL) through its subsidiary, Nisus Finance Projects LLP. The management-led, all-cash buyout includes a Rs 700 million infusion as primary growth capital, aimed at strengthening NCCCL’s balance sheet and driving its expansion across India’s infrastructure landscape.
The acquisition represents a strategic milestone in Nisus Finance’s goal to consolidate its urban infrastructure platform. As part of the transition, NCCCL’s Managing Director and CEO Mahesh Mudda will become the Promoter, while the existing senior leadership team remains in place, ensuring operational continuity and execution strength.
“This transaction unlocks a new growth chapter for Nisus,” said Amit Goenka, Chairman and Managing Director of Nisus Finance. “The alignment of our capital strategy with NCCCL’s proven construction legacy enables us to scale efficiently and build resilience in a sector poised for transformative growth.”
Strategic Benefits of the Acquisition:
- Urban Infrastructure Integration: The deal combines Nisus’ financial strength with NCCCL’s eight-decade heritage in construction and project delivery.
- Diversified Revenue Streams: Nisus can now participate across both financing and operational areas of infrastructure development.
- Developer Access: The acquisition broadens client relationships, enabling access to premium projects and marquee developers.
- Operational Gains: NCCCL’s robust delivery track record will help enhance governance, efficiency, and institutionalisation of processes.
Abbas Jasdanwalla, Chairman of NCCCL, stated, “This partnership empowers us to honour our legacy while accelerating transformation. The leadership synergy between Mahesh Mudda and Amit Goenka will propel us into a new era of growth.”
Looking ahead, Nisus plans to capitalise on strong sectoral tailwinds, including demand for smart cities, urban housing, data centres, and logistics parks. The acquisition is expected to increase Nisus’ assets under management (AUM) and boost its return on capital employed.
“This is more than just a leadership shift—it’s a transformation,” said Mahesh Mudda. “As a professional-turned-Promoter, I bring four decades of experience to evolve NCCCL into a technology-led, future-ready company. With Nisus’ strategic backing, we aim to institutionalise execution while remaining anchored in trust and engineering excellence.”