Nisus Finance Services Co. Ltd. has posted its strongest-ever half-yearly performance, signalling a turning point in the company’s growth trajectory. For the first half of FY26, the alternative investment and infrastructure platform reported consolidated revenue of Rs. 142.3 crore, a sharp 312% increase year-on-year from Rs. 34.36 crore in H1 FY25. The figure also surpasses the firm’s full-year FY25 revenue of Rs. 67.3 crore, reflecting the momentum gained from its acquisition of New Consolidated Construction Company Ltd. (NCCCL) and the scaling up of its core operations.
Even excluding the NCCCL contribution, Nisus’s core operations generated Rs. 74.89 crore in revenue during the half year, already exceeding the company’s total for all of FY25. Profitability remained robust, with EBITDA margins of around 74% and a profit after tax (PAT) of Rs. 35.6 crore, positioning Nisus among the top-performing alternative investment platforms in India.
The second quarter of FY26 continued this strong trajectory, delivering Rs. 46.17 crore in revenue, up 61% from Rs. 28.72 crore in Q1 FY26, driven by higher investment gains, stronger transaction flow, and growing contributions from both Indian and UAE operations.
Scaling Through Strategic Acquisitions
Nisus’s impressive results come on the back of its acquisition and integration of NCCCL in August 2025, which has transformed the company into a fully integrated urban infrastructure and investment platform. NCCCL brought with it a strong order book of Rs. 2,350 crore across 30-plus projects, including marquee developments with top-tier clients. In FY25, NCCCL had reported revenue of Rs. 608 crore, and the combined platform now aims to double the order book to Rs. 5,000 crore in the next phase of growth.
The strategic integration gives Nisus a multi-pronged capability, combining financing, asset management, and on-ground project execution—creating what Managing Director Amit Goenka describes as a “genuinely diversified alternative-investment and infrastructure platform with a global edge.”
“Our H1 results reflect the disciplined execution of our growth strategy and the value of our diversification across geographies, asset classes and business models,” Goenka said. “The acquisition and integration of NCCCL, the Dubai expansion, and the strengthening of our capital base have positioned Nisus for long-term, sustainable growth.”
The company’s renewed focus on higher-margin verticals, such as data centers, hospitals, institutional buildings, and Grade-A offices is expected to drive future profitability while diversifying its risk exposure across asset classes.
Expanding Global Footprint with Dubai Investment
Nisus has also made a significant mark on the international front. In a major strategic move, it acquired a 24-storey residential tower in Dubai’s Motor City for Rs. 525 crore, marking its largest global investment to date. Purchased at a deep discount to market value, the asset is projected to yield a 38% rental upside and an internal rate of return (IRR) of 24–32%.
This transaction not only reinforces the firm’s expanding GCC strategy but also establishes Dubai as a core investment hub for its global real estate operations. By leveraging market dislocations and pricing inefficiencies, Nisus aims to deliver strong risk-adjusted returns for investors while building a recurring income base through rental assets in strategic global markets.
Financial Discipline and Institutional Strength
The company’s balance sheet reflects prudent financial management and growing institutional credibility. The Rs. 110 crore facility raised for NCCCL’s acquisition has already been partially repaid, Rs. 60 crore through stake sales and internal accruals. Promoter share pledges have reduced to around 18 -19%, and the company’s own capital contribution to investments increased from Rs. 48 crore to Rs. 106 crore, underscoring both financial discipline and promoter conviction.
In a landmark development, Nisus became the first Indian Alternative Investment Fund (AIF) business to secure a BBB+ rating from CareEdge, a recognition of its governance standards, zero-loss investment record, and consistent investor returns. The upgrade positions Nisus among India’s most credible institutional-grade AIF platforms.
Culture, Talent, and Recognition
Alongside financial milestones, Nisus has strengthened its organizational culture and investor relations. The company introduced an Employee Stock Ownership Plan (ESOP) to reward top performers, reinforcing a culture of ownership and long-term value creation.
Nisus was also recognized by the Global Real Estate Institute in the “Fundraising of the Year” category for a Rs. 145 crore structured investment, demonstrating the firm’s innovative approach to capital raising. Further, it achieved Great Place to Work® certification for 2025, reflecting its commitment to people, performance, and governance.
Positioned for Sustained Growth
With its strong first-half performance, integration of NCCCL, and successful expansion into Dubai, Nisus Finance has transitioned into a scalable, globally connected enterprise. The combination of high profitability, institutional recognition, and diversified business lines places the company on a strong footing to sustain growth into the next fiscal year.
Goenka emphasized that the next phase of growth will focus on expanding the company’s infrastructure portfolio, deepening global partnerships, and pursuing high-yield, low-risk investments.
“Nisus is now operating at a scale and stability that reflects both maturity and momentum,” he said. “We are building not just an investment company, but a long-term platform for value creation across markets.”
With solid fundamentals, a growing international footprint, and a strong balance sheet, Nisus Finance appears poised to deliver another year of high growth, marking its evolution from a niche investment house to a leading alternative investment and infrastructure powerhouse.
