About Nelco Limited

Nelco Limited is an Indian satellite communication and network solutions provider established in 1940, and is a subsidiary of The Tata Power Company Limited. The company operates in a single reportable segment—Network Systems—delivering satellite-led connectivity solutions and services to enterprise and government customers, and to aviation and maritime customers under the In-Flight & Maritime Connectivity (IFMC) umbrella. Nelco positions itself as a lead adopter of next-generation Satcom technologies, including the use of GSO and NGSO networks and software-defined satellites, with partnerships across multiple global players to enhance its offerings and reach.

The company’s operational footprint is anchored in India, with teleports at Mahape, Navi Mumbai, and Dehradun. It also maintains regional offices in Bangalore, Chennai, Jamshedpur, Kolkata, New Delhi, and Secunderabad, enabling nationwide customer coverage and support. Nelco’s business capabilities are reflected in its estimated 40% share of the Satcom industry’s revenue, and its focus on multi-modal hybrid solutions catering to a range of sector-specific needs. The Group has 1 subsidiary; it reports as a consolidated entity and continues to operate a single Network Systems business line.

Key milestones include the company’s long-standing heritage dating back to 1940 and its continuing technology leadership in India’s Satcom landscape, as well as the deepening of partnerships to serve a larger set of applications and segments using advanced satellite networks.

Key Milestones of Nelco Limited

• Over 80 years of legacy as a pioneer in Indian satellite communication.
• Embraced next-generation Satcom technologies including GSO and NGSO networks.
• Strong foothold with an estimated 40% industry revenue market share.
• Expanded partnerships with international industry leaders to broaden solution offerings.

Nelco Limited Business Segment

Nelco operates within India serving enterprise, government, aviation, and maritime customers through satellite communication systems. Its presence includes teleports and regional offices across India, with exports limited to selected partnerships and subsidiaries overseas.

Delivers end-to-end Network Systems solutions focusing on satellite communication for government, industry, aviation, and maritime sectors, including hybrid multi-modal connectivity.

Nelco Limited Key Management

• A. S. Lakshminarayanan – Chairman
• P. J. Nath – Managing Director & CEO
• Malav Shah – Chief Financial Officer
• Ritesh Kamdar – Company Secretary & Head – Legal

Latest Updates on Nelco Limited

• Maintains approximately 40% share of the Satcom industry revenue.
• Recent technological advancements and partnerships aiming to deploy LEO satellite connectivity.
• Strong credit quality with multiple industry certifications and recognitions.
• Upcoming Annual General Meeting scheduled for June 24, 2025.
• Board-approved consolidated financial statements with no material events post reporting period.