What Nirlon does

Nirlon Limited is a publicly listed Indian real-estate developer and operator (BSE: 500307; NSE listing effective April 2026) headquartered in Mumbai. Originally incorporated in 1962 as a nylon textile manufacturer, the company pivoted to commercial real estate after deregistering from the BIFR in 2006, converting its 23-acre Goregaon factory site into Nirlon Knowledge Park (NKP), a multi-phase IT park. NKP has been developed in five phases: Phases I–IV are completed and substantially licensed, delivering 1.86 million sq ft of operational Grade A office space at 98.6% occupancy, while Phase V (buildings B9 and B10) is under construction for an additional 1.15 million sq ft, bringing total planned office space to 3.01 million sq ft.

The underlying platform is a LEED Gold-certified (Phases I and II), traffic-free campus featuring a 4-acre central park, an underground utility ring (electricity, fiber, storm water, sewerage, chilled water, fire hydrant, potable water), Zone III seismic design, and modern HVAC systems. Phases I–II were recognized among the first campuses of this scale in India to achieve LEED Gold, certified by the Indian Green Building Council. The company strategically located the park on Mumbai's 8-lane Western Express Highway to leverage proximity to the city's western-suburb professional workforce.

Nirlon operates a pure asset-light real-estate business model: revenue is generated through long-term leave-and-license (rental) agreements with enterprise tenants — predominantly large multinationals and corporates — with built-in annual rental escalation. There is no SaaS, software, or technology licensing component. The company also outsources property management to Nirlon Management Services Pvt. Ltd. (NMSPL) under a formal services agreement. Tenant acquisition is conducted via direct enterprise sales rather than channel partners, with floor-plate flexibility ranging from approximately 10,000 sq ft to entire buildings. Promoter ownership is anchored by Reco Berry Private Limited (effective 2015), alongside the founding Sagar family. As of FY 2025-26, the company declared an interim dividend of Rs 15 per share and reported a 94% YoY surge in H1 net profit.

Name

Nirlon

Legal name

Nirlon Limited

Website

https://nirlonltd.com

Company type

Public

Founded year

1962

Operating status

Operating

Headcount range

1–10 employees

Short description

Nirlon Limited is a publicly listed Mumbai-based real-estate company that develops and operates Nirlon Knowledge Park, a 23-acre LEED Gold-certified IT park in Goregaon with 3.01 million sq ft of planned office space licensed primarily to large multinational and corporate tenants.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. IT Park Licensing/Rental Income: Revenue generated through licensing of office spaces at Nirlon Knowledge Park to multinationals and corporate clients. The company licenses built-up office space on long-term agreements with annual rental escalation provisions.
2. Rental Escalation: Annual rental escalation adopted, driving revenue growth through contractual rent increases embedded in license agreements.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Nirlon develops, owns, and manages Nirlon Knowledge Park (NKP), a 23-acre IT/corporate park on Mumbai's Western Express Highway in Goregaon (East). The company licenses built-up Grade A office space on long-term Leave and License Agreements to leading multinationals and large enterprises for IT, BPO, and corporate headquarter use, with annual rental escalation. The campus is delivered across five phases (I–V) totaling ~3.01 million sq ft of planned office space, of which ~1.86 million sq ft is operational and ~1.15 million sq ft is under construction (Phase V).

Product overview

Nirlon Ltd is a real estate development and management company specializing in the development and operation of Nirlon Knowledge Park (NKP), an Information Technology (IT) Park located in Goregaon (East), Mumbai. The company operates a multi-phase campus comprising five development phases (Phase I through Phase V), offering commercial office space totaling approximately 3.01 million sq ft of planned office space (with 1.86 million sq ft operational and 1.15 million sq ft under construction). The portfolio includes LEED-certified green buildings (Phases I & II achieved Gold certification) featuring a traffic-free central park, multi-level car parking, and modern infrastructure with power capacity of 0.90 KVA per 100 sq ft.

Differentiator

Problem solved

Functional benefit

Products and services

• Nirlon Knowledge Park (NKP) Nirlon Knowledge Park (NKP) is a 23-acre LEED-certified (Gold for Phases I & II) IT and corporate office campus in Goregaon (East), Mumbai, developed and managed by Nirlon Ltd. It offers Grade A office space totaling approximately 3.01 million sq ft of planned office space across five phases (1.86 million sq ft operational, 1.15 million sq ft under construction in Phase V). Office space is licensed on long-term Leave and License Agreements to large multinationals and corporates for IT operations, BPO, and corporate headquarters, with typical floor plates of 30,000–50,000 sq ft and scalable configurations from 15,000 sq ft up to 1.15 million sq ft.
• Nirlon Knowledge Park Phase V (under development) Phase V of Nirlon Knowledge Park, comprising buildings B9 and B10, under development at Goregaon (East), Mumbai. It will add approximately 1.15 million sq ft of additional office space to the NKP campus upon completion, scalable up to ~1.14 million sq ft for single or multi-tenant licensing.

Quantifiable outcome

• Net profit surged 94% year-on-year in H1 FY26
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor.

• Pratham Mumbai Education InitiativeminorStrategic or Co-development Partner · 25 April 2026CSR partnership for a 15-day summer camp for underprivileged children in Mumbai's Jogeshwari East, running from April 25 to May 12. The programme uses the SEEK curriculum incorporating play-based learning.
• OILFminorStrategic or Co-development Partner · 25 April 2026CSR partner supporting the summer camp initiative for underprivileged children, focused on teaching about trees, mangroves, and biodiversity.
• RangeetminorStrategic or Co-development Partner · 25 April 2026Social enterprise leading the summer camp initiative, using SEEK (Social Emotional & Ecological Knowledge) curriculum with play-based learning through stories, games, music, and art.
• MUFG Intime India Pvt. Ltd.minorOthersShare Transfer Agent for Nirlon Ltd, handling investor services and share registry operations.

Scale indicators7 records

Recent moves9 records

Expansion highlights4 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors1 record

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 Nirlon