Established in 1939 April as the New Standard Engineering Co. Ltd. (NSE), the company is known as a pioneer in the tool manufacturing segment, as it brought into the country, world class processes and designs for the manufacture of a number of engineering products. Equipment such as forging hammers and presses, blowroom lines and high production cards for the textile industry; and sucker rod pumps for on-shore oil recovery were some of the main product lines that emerged as market leaders. As the products manufactured were high in quality, the company soon saw an incremental rise in its exports, and not only are it products market leaders in India, but also have found a niche overseas.
In order to reflect on the various new avenues that the company was entering into, the promoters of the New Standard Engineering Company, decided to change the name to Nesco Limited. This reflected in the Company's transformation from a pure play Engineering Company to that of a diversified one, whose diversification entailed it to be a player in the services segment.
Today, the Engineering Group of Nesco continues to be a leading provider of this equipment to the Indian Railways, numerous Ordnance Factories, and Forging Plants.
While the company originally operated from Byculla, and set up two more plants at Parel and Santacruz. In 1959 it consolidated all these three operations and moved to a 70 acre estate on the Western Express Highway at Goregaon in Mumbai.
In 1986, the company diversified into the realty business by developing and providing customized built-up space for multinational companies and leading corporates at Goregaon.
In 1992, the company setup an exhibition centre - known as the Bombay Exhibition Centre - at its complex on the Western Express Highway at Goregaon, Mumbai. Starting with a hall area of 2,00,000 sq. ft., this has now been expanded to over 5,00,000 sq. ft. This venue, holds the distinction of being the largest exhibition center promoted by the private sector in India and has hosted over 500 national and international exhibitions,trade fairs, events since inception. What Sets this Venue apart from the rest, is the presence of various permanently air conditioned hall's ranging from an area of 2,000 Sq. Mts to 20,000 Sq. Mts.
First to bring into India, world class manufacturing process and product designs for Forging tools and pumps for on-shore oil recovery.
First Private Exhibition Center located in the heart of Mumbai, just adjacent to the Western Express Highway, which serves as an important arterial road transporting goods to and from the City.
A 100% Debt free company with considerable cash reserves.