PE-RE Fund Investments
Nisus Finance acquires construction co. NCCCL; infuses Rs.70-Cr equity
Nisus Finance Services has acquired a majority stake in Mumbai-based New Consolidated Construction Company Ltd . (NCCCL) through its subsidiary, Nisus Finance Projects LLP.The all-cash, management-led buyout includes an infusion of INR 70 crore as primary growth capital to strengthen the engineering, procurement, and construction company’s balance sheet.Mahesh Mudda, Managing Director and Chief Executive Officer of NCCCL, will assume the role of promoter, with the senior leadership team continuing in their positions.Founded in 1946, NCCCL has delivered over 200 million sq ft across 500 projects, with an order book exceeding INR 2,600 crore. Its portfolio spans residential, commercial, IT parks, hospitals, pharmaceutical plants, industrial facilities, retail, and data centres. The company has worked with clients including Prestige Group, Bagmane Developers, L&T, and Phoenix Mills.Nisus Finance, promoted by Amit Goenka and Mridula Goenka, focuses on urban infrastructure financing and capital markets.
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