Nisus Acquires Majority Stake in NCCCL for Rs 700 Million
ECONOMY & POLICY

Nisus Acquires Majority Stake in NCCCL for Rs 700 Million

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.” 

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.” 

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code