NESCO LTD.

Runs a diversified portfolio of real estate and services businesses anchored at Goregaon in Mumbai. The Realty segment operates an IT park where Towers 3 and 4 are at 100% occupancy; a Tower 2 expansion covering 2.5 million sq ft of office space alongside a 5-star hotel has been approved. The Bombay Exhibition Center hosts large-scale exhibitions and events, including the newly opened Hall 6 with capacity for 18,000 visitors; the in-house Nesco Events sub-business grew 55% year-on-year. The Foods business operates restaurants, with 6 new outlets added and 50 brand partnerships reported at the latest annual meeting. Indabrator is an engineering arm manufacturing industrial equipment at Rs 50 crores of revenue. A new Wayside Amenities business has been launched with 11 sites across 3 highway clusters, with management targeting approximately Rs 100 crores of revenue per site. The company is debt-free with Rs 1,100 crores of liquidity, and cost shape is dominated by capital expenditure at 34.6% of revenue, with materials at 14.2%, employee cost at 4.8%, and other operating expenses at 28.7%.