Nagpur Metro Rail

Name

Nagpur Metro Rail

Legal name

Nagpur Metro Rail Project

Website

https://metrorailnagpur.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Nagpur Metro Rail, operated by Maha-Metro (a 50:50 Government of India and Government of Maharashtra SPV), runs two metro corridors totaling ~40km across 40+ stations serving ~1 lakh daily commuters in Nagpur, with Phase 2 and Phase 3 expansion underway.

Ownership category

akta.pro rank

Product category

Urban Metro Rail Transit Services

NAICS

Urban Transit Systems (4851), Mixed Mode Transit Systems (485111)

SIC

Local & Suburban Transit & Interurban Hwy Passenger Trans (4100), Transportation Services (4700)

akta.pro primary industry

Heavy Rail Metro/Subway Operators (Grade-Separated) (TLAFAEAA)

akta.pro secondary industry

Metro/Urban Rail Operators (Integrated Multimodal Agencies) (TLAFAEAG)

Keywords

• Urban metro rail services
• Public transit operations
• Contactless fare collection
• Last mile connectivity
• Rapid transit infrastructure

Headquarters

HQ city

Nagpur

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Fare Box Revenue: Core revenue from passenger fares. Daily ridership averaging around 1 lakh passengers with approximately 2.69 crore annual journeys in FY 2024-25. Digital payments account for 45% of fare revenue.
2. Property Development: Licensing of commercial spaces at metro stations including built-up spaces, property business spaces, and development of parking & commercial complexes on PPP basis.
3. Advertisement Rights: Licensing of advertisement rights inside metro stations, on LED screens, train wrapping, and display screens for revenue generation.
4. Feeder Bus Services: NMC-operated Aapli Bus service integrated with metro feeder network, operating 505+ buses covering over 1.10 lakh km daily with revenue from ticketing.
5. Celebration on Wheels: Private bookings of 3-coach trains for events including birthday parties, kitty parties, and pre-wedding celebrations at Rs 3,500-5,000 per hour.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Nagpur Metro Rail operates an urban rapid transit system across two corridors (Orange Line and Aqua Line) covering approximately 40km of operational network with 38+ stations. The service provides passenger metro transportation with distance-based fare collection through the Maha Card (contactless EMV/NCMC prepaid card), QR code ticketing, and a mobile app, complemented by feeder bus services, e-rickshaw last-mile connectivity, and commercial property/advertising licensing at stations.

Product overview

Nagpur Metro Rail operates as an urban metro rail system under Maha-Metro (Maharashtra Metro Rail Corporation Limited), a 50:50 joint venture between Government of India and Government of Maharashtra. The system comprises two operational metro corridors (Orange Line and Aqua Line), with Phase 1 covering approximately 40km, Phase 2 spanning 44km under construction, and Phase 3 (~55km) in planning stage. The product portfolio includes core metro rail services, the Celebration on Wheels special event train booking service, Maha Card (contactless EMV/NCMC prepaid payment card), Nagpur Metro Mobile App for ticketing and journey planning, feeder bus and e-rickshaw services for last-mile connectivity, integrated Journey App for multimodal transport planning, comprehensive passenger facilities including CCTV surveillance, and automated fare collection systems supporting open-loop EMV cards and QR codes.

Differentiator

Problem solved

Functional benefit

Products and services

• Maha Card Contactless dual-interface EMV chip-based prepaid card with NCMC (National Common Mobility Card) support for cashless metro travel, offering 10% discount on metro rides and 30% discount for students. Card issuance fee Rs 150, annual maintenance Rs 75, replacement Rs 150, reload fee 1.8% or Rs 12.
• Nagpur Metro Mobile App Native Android mobile application providing metro ticket booking (single, return, group), card top-up, route information, station details, tourist guidance, user profile management, lost article registration, and contact center assistance via SBI payment gateway integration.
• Nagpur Metro Orange Line North-South corridor metro line (Orange Line) covering approximately 19km with stations including Khapri, Airport South, Airport, Ujjwal Nagar, Jaiprakash Nagar, Chhatrapati Square, Ajni Square, Rahate Colony, Congress Nagar, and Sitabuldi Interchange, providing rapid transit service across Nagpur.
• Nagpur Metro Aqua Line East-West corridor metro line (Aqua Line) connecting Sitabuldi Interchange to Lokmanya Nagar, covering key stations including Zero Mile, Kasturchand Park, Gandhi Bagh, and multiple suburban stations in the eastern corridor.
• Celebration on Wheels Special event service allowing reservation of a 3-coach metro train for birthday parties, kitty parties, pre-wedding celebrations, and reunions, with maximum 200 passengers per booking. Charges range from Rs 3,500 to Rs 5,000 per hour depending on booking type.
• Journey Integrated App Integrated multimodal public transportation application providing door-to-door route planning across Nagpur Metro and city bus services, with planned unified ticketing and feeder service integration including auto-rickshaws. Approximately 80% complete at time of reporting.
• Feeder Bus Services Last-mile connectivity services including NMC-operated Aapli Bus routes operational via metro stations (with 505+ buses covering over 1.10 lakh km daily), and e-rickshaw facilities at major stations operated by M/s ETO Motors. Includes dedicated feeder routes such as Hingna Road service connecting Lokmanya Nagar Metro Station to Lata Mangeshkar Hospital.
• Property Development and Commercial Licensing Commercial space licensing at metro stations including kiosk outdoor branding, station space advertising, train wrapping and branding, film shooting permissions, and PPP-based development of parking and commercial complexes, generating non-fare revenue for the metro.

Quantifiable outcome

• 2.69 crore passenger journeys recorded in FY 2024-25, 5% YoY increase
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability3 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• RITES LtdcoreTechnology or Integration · 9 July 2026Awarded ₹3.12 crore contract to prepare Detailed Project Report (DPR) and Alternative Analysis Report (AAR) for Nagpur Metro's proposed 55km Phase 3 expansion. Work expected to begin within 15 days with 270-day completion timeline.
• Government of IndiacoreStrategic or Co-development Partner50% stake holder in Maharashtra Metro Rail Corporation Limited (Maha-Metro), the Special Purpose Vehicle operating Nagpur Metro. GoI provides funding support and policy guidance through MoHUA.
• Government of MaharashtracoreStrategic or Co-development Partner50% stake holder in Maharashtra Metro Rail Corporation Limited (Maha-Metro), providing state government support and funding allocation including Rs 150 crore annual budget.
• State Bank of IndiacoreTechnology or IntegrationSBI provides payment gateway integration for Nagpur Metro's digital ticketing and Maha Card recharge services, enabling UPI, debit/credit card, and net banking payments.
• CRRC Corporation LtdcoreOEM/ Whitelabel/ Licensing PartnerRolling stock manufacturer for Nagpur Metro trains. Won contract for design, manufacture, supply, testing, commissioning of passenger rolling stock and training of personnel.
• Nagpur Municipal Corporation (NMC)coreStrategic or Co-development PartnerMahaMetro collaborates with NMC for feeder bus services, operating dedicated routes connecting metro stations to key destinations. NMC operates Aapli Bus service integrated with metro network.
• Siemens (Consortium with Siemens Ltd and Siemens Roll Automation)coreTechnology or IntegrationAwarded contract for design, manufacture, supply, installation, testing and commissioning of signalling and train control system for Nagpur Metro.
• Maharashtra Airport Development Company (MADC)minorStrategic or Co-development PartnerMADC granted in-principle approval for land allotment at Khapri for developing modern bus depot with EV charging infrastructure under 66-year lease.
• CIDCOminorStrategic or Co-development PartnerMaha-Metro operates Navi Mumbai Metro Line 1 on behalf of CIDCO, providing O&M services and maintenance contracts.
• ETO MotorsminorChannel Partner/ Reseller/ DistributorE-rickshaw operator providing last-mile connectivity services at metro stations including Khapri, Airport South, Ujjwal Nagar, and other locations.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Mumbai Metro One (Mumbai Metro One Pvt Ltd - MMOPL): Mumbai Metro One operates the Versova-Andheri-Ghatkopar corridor using similar rolling stock and NCMC ticketing. Operates in the same Maharashtra state under related government backing (with Reliance Infrastructure as private partner), making it a directly comparable metro operating model with PPP elements absent in Nagpur's full SPV structure.
• Jaipur Metro Rail Corporation (JMRC): Jaipur Metro operates a smaller-scale metro rail system in Rajasthan under similar GoI/State JV structure. Comparable in single-city focus, Phase 1 operational scale, and ridership maturity to Nagpur Metro's Phase 1 footprint.
• Lucknow Metro Rail Corporation (LMRC): Lucknow Metro operates a single 23km corridor in Uttar Pradesh's capital, providing an exact size-comparable peer for Nagpur Metro. Same GoI/State JV ownership, similar NCMC standards, and similar ridership profile — making it one of the closest peers for operational benchmarking.
• Chennai Metro Rail Limited (CMRL): Chennai Metro operates elevated and underground metro corridors with similar CBTC signalling and NCMC ticketing standards. Comparable as a major southern India metropolitan metro with phase-based expansion and government JV ownership (GoI and GoTN).
• Hyderabad Metro (L&T Metro Rail Hyderabad): L&T Metro Rail operates the 69km Hyderabad Metro under a PPP concession model with the Telangana government. Comparable on NCMC ticketing standards, modern metro operations, and multimodal integration, but with a more private-sector concession structure compared to Nagpur's pure government SPV.
• Kochi Metro Rail Limited (KMRL): Kochi Metro is a smaller-city metro rail project in Kerala, comparable to Nagpur Metro in scale of operations, single-network focus, and government SPV ownership. KMRL has pioneered multimodal integration with water metro — a directly relevant peer for Nagpur's emerging Journey app multimodal strategy.
• Pune Metro (PMRDA / Maha-Metro Pune): Pune Metro is a metropolitan metro rail project in Maharashtra also operated under Maha-Metro since 2019. Operates two corridors (Purple and Aqua Lines) with similar CBTC signalling, EMV/NCMC ticketing integration, and government SPV structure — directly comparable in technology stack, ownership pattern, and operational philosophy.
• Namma Metro (Bangalore Metro Rail Corporation - BMRCL): Namma Metro operates the Green and Purple Lines covering over 70km in Bengaluru, one of India's most comparable tier-1 city metros. BMRCL uses similar NCMC card-based AFC systems and Phase 2 expansion plans, making it closely comparable on technology, multi-phase expansion pattern, and ridership scale to Nagpur Metro.

Broad incumbents

• Delhi Metro Rail Corporation (DMRC): DMRC operates the largest metro network in India with multiple lines spanning the National Capital Region. While much larger and more established, DMRC shares the same NCMC standard, similar signalling vendors, government-backed SPV structure, and provides the operational benchmark against which Nagpur Metro is measured.
• Kolkata Metro (Metro Railway, Kolkata): Metro Railway Kolkata is India's oldest metro system, currently under Indian Railways (central government). While structurally distinct as a national railway entity rather than JV SPV, its ongoing expansion and NCMC migration make it an incumbent benchmark for metro operations in Indian cities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/metrorailnagpur
• Xx.com/metrorailnagpur

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nagpur Metro Rail