Nisus Finance Services Company Limited has acquired a majority stake in New Consolidated Construction Company Limited (NCCCL) through its subsidiary, Nisus Finance Projects LLP.
The transaction was executed as an all-cash, management-led buyout. As part of the transaction, NCCCL’s Managing Director & CEO, Mahesh Mudda, has been appointed as promoter, with the existing leadership team continuing in place.
JSA Advocates & Solicitors advised Nisus Finance Services on this transaction. The Firm provided comprehensive legal support, including conducting due diligence on NCCCL, drafting, negotiating, and finalizing transaction documents, and assisting with closing actions.
The transaction was led by Siddharth Mody (Partner), with support from Anurag Shrivastav (Partner), Tanmayee Sahoo (Senior Associate) and Associates Vidushi Jain, Gavin Pereira, Prakhar Jain, and Ayush Chaturvedi.
Nisus Finance Services, promoted by Amit Goenka and Mridula Goenka, focuses on urban infrastructure financing and capital markets across multiple entities, including Nisus Finance Projects LLP.
Founded in 1946 and headquartered in Mumbai, NCCCL is one of India’s oldest and most respected EPC companies. With over 500 completed projects covering more than 200 million sq. ft., and an order book exceeding ₹2,600 crore, its portfolio spans residential, commercial, hospitals, pharma plants, IT parks, industrial facilities, retail, and data centers.
This strategic acquisition strengthens Nisus Finance’s infrastructure financing platform, enhances its execution capabilities through NCCCL’s legacy strength in the construction sector, and positions it to capture infrastructure-led growth opportunities.
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