Naga Dhunseri Group

What Naga Dhunseri Group does

Naga Dhunseri Group Limited is a publicly listed Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India, headquartered at Dhunseri House, 4A, Woodburn Park, Kolkata (CIN L01132WB1918PLC003029), and trading on the National Stock Exchange under ticker NDGL (ISIN INE756C01015). Originally incorporated on 26 August 1918 as Naga Hills Tea Co. Ltd., the company was acquired by the Late Shankar Lal Dhanuka, founder of the Dhunseri Group, in 1961, renamed Naga Dhunseri Holding Group Ltd. in 1990, and finally Naga Dhunseri Group Ltd. on 7 March 1995. Its main objects, per the Memorandum of Association, are to carry on investment business (purchase, acquisition, holding and disposal of shares, debentures, bonds and securities); act as investor, guarantor, underwriter and financier for industrial enterprises; and acquire, hold, develop and maintain land and buildings. The company explicitly does not conduct banking business as defined under the Banking Regulation Act, 1949.

The operating footprint is that of a holding and investment vehicle rather than an active operating business. The company maintains eight wholly-owned subsidiaries spanning tea plantations and estate management (Dhunseri Tea & Industries Limited, A.M. Henderson & Sons Ltd., Chiwale Estate Management Services Ltd., Ntimabi Estate Ltd., Makandi Tea & Coffee Estates Ltd, Kawalazi Tea Estate Co. Ltd), tea and petrochemical operations via Dhunseri Petrochem & Tea Pte Ltd., and a Mauritius-based intermediate holding entity (Dhunseri Mauritius Pte Ltd.), giving it a geographic footprint across India, Tanzania, Malawi, the UK, Singapore and Mauritius. Headcount is reported at 1-10 employees at the parent level, paid-up equity capital stands at Rs 1 crore (10,00,000 shares of Rs 10 each), and the company is controlled by the Dhanuka family under Mr. C.K. Dhanuka as Chairman and Mr. Chandra Kumar Dhanuka as Chairman & Director.

The revenue model is investment-driven and lumpy rather than subscription- or fee-based: for the quarter ended December 2025, consolidated sales surged 7,032.64% YoY from Rs 1.93 crore to Rs 137.66 crore, but the period also recorded a Rs 7.93 crore consolidated net loss (reversal from Rs 11.02 crore profit a year earlier) and an operating margin deterioration to negative 4.3% from positive 76.68%, suggesting the topline spike did not translate into operating profitability. Go-to-market is effectively limited to SEBI/NSE-listed-entity investor-relations channels (stock-exchange disclosures, annual reports, an investors section on the corporate website, and regulatory newspaper publications). Notable governance items in 2025 include two stock-exchange fines in March 2025, the resignation of Company Secretary Nidhi Khaitan in April 2025 and director Mrigank Dhanuka, the appointment of Ms. Sakshi Agarwal as Company Secretary in May 2025, re-constitution of the Audit Committee in February 2025, and constitution of a Risk Management Committee in August 2025. The company has also publicly issued a caution notice against a fraudulent impersonator website (nagadhunseri.com).

Name

Naga Dhunseri Group

Legal name

Naga Dhunseri Group Limited

Website

https://nagadhunserigroup.com

Company type

Public

Founded year

1918

Operating status

Operating

Headcount range

1–10 employees

Short description

Naga Dhunseri Group Limited is a publicly listed Indian NBFC headquartered in Kolkata that invests in shares, securities and real estate and holds eight wholly-owned tea-estate and plantation subsidiaries across India, East Africa, the UK and Singapore, operating under RBI NBFC registration and NSE listing (ticker NDGL).

Ownership category

akta.pro rank

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others

Distribution channels1 record

Marketing channels4 records

Core offering

Naga Dhunseri Group Limited is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India that carries on investment business, including purchasing, acquiring, holding, and disposing of shares, debentures, bonds, and securities. It also acts as an investor, guarantor, underwriter, and financier for industrial enterprises, lends and advances monies, and acquires, holds, develops, and maintains lands and real estate.

Product overview

Naga Dhunseri Group Limited is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India. The company operates as a holding and investment company with a long history dating back to 1918 as Naga Hills Tea Co. Ltd. Its core business activities include investment in shares, debentures, bonds, and securities; financing industrial enterprises; and holding and developing real estate and lands. The company does not offer distinct named product lines or technology services—it functions primarily as an investment holding vehicle with substantial investments in real estate and shares/securities built up over several decades.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Business in Securities
• Industrial Financing and Underwriting
• Real Estate Acquisition, Development and Maintenance

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Bajaj Finance Limited: A large Indian listed NBFC providing scale, margin, and capital-allocation benchmarks relevant for assessing the long-term trajectory of an Indian NBFC such as Naga Dhunseri.
• McLeod Russel India Limited: One of India's largest tea plantation companies, providing a benchmark for the operational scale and valuation dynamics of the tea subsidiaries held by Naga Dhunseri Group.
• Bengal Tea & Fabrics Limited: An Indian listed company historically operating tea estates and other investment activities, broadly comparable as a Kolkata-based listed entity with a tea-business heritage similar to Naga Dhunseri's origins.
• Jayshree Tea & Industries Limited: A major Indian listed tea producer, comparable via the tea-plantation subsidiaries within the Naga Dhunseri Group; offers a view of how tea operations scale as a standalone listed business.

Direct peers

• Industrial Investment Trust Limited: An Indian listed NBFC and investment company engaged in financing and investment activities, comparable as a small-cap listed Indian financial/investment entity.
• Tata Investment Corporation Limited: An Indian listed investment holding company that invests in equity, debt, and inter-corporate deposits, similar in structure to Naga Dhunseri as a long-standing publicly listed investment vehicle.
• Pilani Investment and Industries Corporation Limited: An Indian listed investment holding company primarily deploying capital across listed and unlisted securities, directly comparable in its investment-business model and small-cap listed-company status.
• Dhunseri Ventures Limited: A fellow Dhunseri Group company with a similar investment/holding and treasury-management profile, listed on Indian stock exchanges. Closest comparable in business mix, governance family, and Indian NBFC/investment-company positioning.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/naga-dhunseri-group-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Naga Dhunseri Group