What NMC GROUP does

NMC Group of Companies (also known as Nav Maharashtra Group) is a privately held, family-owned Indian conglomerate headquartered in Pune, Maharashtra, with approximately INR 1,000 crores (~USD 120M) in stated group turnover and a 52-year operating history since its 1972 founding in Alkuti near Chakan. The group operates through a diversified portfolio of subsidiaries and joint ventures spanning seven core verticals: edible oil marketing and distribution under the CHAKSUN, Saakshi, and Jiyo brands (NMC Oils & Cakes Pvt. Ltd.); international commodity trade exporting agricultural products across 35 years to seven Middle East and Southeast Asian markets; LPG piped-gas distribution through NMC Piped Gas Company Pvt. Ltd., an accredited associate of Hindustan Petroleum Corporation Ltd serving 20,000 clients across 8 Indian cities; construction and real-estate development via NMC Developers; computer and IT-infrastructure rentals since 2000 through NMC Software; medical diagnostic services in rural and semi-urban India via NMC Medical Services, a joint venture with Pune's Ruby Hall Clinic; and a financial-services vertical offering early-stage private equity (pre-seed up to INR 25 lakh, seed funding INR 75 lakh to INR 3 crore), loan-against-property, and equity/derivatives/currency broking. The group's stated technology stack is conventional IT infrastructure (Red Hat Linux, NT4 proxy, Novell Netware) without disclosed AI, proprietary platforms, or specialized core technology beyond standard LPG distribution systems. Revenue mechanics are heterogeneous across verticals: transaction-fee models in commodity trade and medical diagnostics, recurring subscriptions in computer rentals and financial-services distribution, and project-based one-time contracts in construction and piped-gas installations. Go-to-market is sales-led across the portfolio, with enterprise field sales to builders and developers for piped gas, direct distribution networks for edible oils, community-led center openings for medical diagnostics in small towns, and direct advisory outreach for financial-services products. The group also operates CSR assets including a School for the Blind, a 100-bed Nature Cure Centre, and an English Medium School at Bhosari, and is led by Shantilal Lunkad with operational responsibility on Tushar Lunkad (MBA).

Name

NMC GROUP

Legal name

NMC Group of Companies

Website

https://nmcgroup.in

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

1–10 employees

Short description

NMC Group is a privately held, family-owned Indian conglomerate headquartered in Pune, operating across edible oils, international commodity trade, LPG piped-gas distribution, construction, computer rentals, rural medical diagnostics, and financial services.

Ownership category

akta.pro rank

Product category

Diversified Conglomerate Services

NAICS

Offices of Other Holding Companies (551112)

SIC

Natural Gas Distribution (4924)

akta.pro primary industry

LDC Operations Strategy, Governance & Performance Management (EUAJAAAA)

akta.pro secondary industry

Local Distribution Company (LDC) Natural Gas Distribution Utilities (TLAGADAA)

Keywords

• LPG piped gas distribution
• Agricultural commodity exports
• Edible oil distribution
• IT equipment rentals
• Financial broking services

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Edible Oil Trading and Distribution: Marketing and distribution of edible oils under brands CHAKSUN (Sunflower Refined Oil), Saakshi Mustard Oil, and Jiyo Sesame Seed Oil. Also includes packaged sago and Italian food products.
2. International Commodity Trade: Export of agricultural commodities including barley, maize, jowar, bajra, wheat, de-oiled cake, guar products, rice, and sugar to Middle East and South East Asian markets including Indonesia, Philippines, Malaysia, Vietnam, UAE, Qatar, and Fujairah. 35 years of trading experience.
3. Financial Services: Private equity investments in early-stage startups (pre-seed up to INR 25 lakhs, seed funding INR 75 lakh to INR 3 crore), loan against property, loan against shares and commodities, equity and derivatives broking, commodity trading, and mutual fund distribution.
4. Piped Gas Distribution: LPG piped gas system installation and distribution for residential and commercial complexes. Currently serving 20,000 clients across multiple Indian cities with design, installation, and commissioning services for builders.
5. Construction and Real Estate: End-to-end realty solutions including residential projects (Taj Villas in Raipur, Olive in Ambegaon-Katraj, Tushar Condos) and commercial projects (Lotus Info Centre in Parel). Vision to be leading player in sustainable green eco-friendly structures.
6. Computer Rentals and IT Services: Rental of computers, laptops, servers, software, peripherals for software companies, training institutes, engineering colleges, and BPOs. Services include 24x7 engineering support with near-zero downtime. Started in 2000.
7. Medical Diagnostic Services: Medical diagnostic centers providing MRI, CT scan, X-ray services in rural and semi-urban areas. First center operational in Bhosari, 40 km from Pune. Partnership with Ruby Hall Clinic for best practices.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels1 record

Core offering

NMC Group is a diversified Indian conglomerate operating across LPG piped gas distribution (HPCL-accredited), branded edible oil marketing and exports, international agricultural commodity trade, financial services (PE investments, loans, broking), construction and real estate development, IT equipment rentals, and rural medical diagnostic services through subsidiaries and joint ventures.

Product overview

NMC GROUP (Nav Maharashtra Group of Companies) is a diversified conglomerate with approximately INR 1000 crore turnover operating across multiple business divisions through its subsidiaries. The group operates a multi-product portfolio comprising: NMC Oils & Cakes Pvt. Ltd. (edible oils marketing under CHAKSUN, Saakshi, and Jiyo brands); NMC Software (computer rentals and IT services); NMC Piped Gas Company Pvt. Ltd. (LPG piped gas systems via Hindustan Petroleum partnership); NMC Developers (construction and real estate); Financial Services (private equity/seed funding, loans, and equity/commodity/currency broking); International Commodity Trade (agricultural exports); and Medical Services (diagnostic centers via Ruby Hall Clinic partnership). The group also operates CSR initiatives including a School for the Blind, Nature Cure Centre, and English Medium School in Bhosari village near Pune.

Differentiator

Problem solved

Functional benefit

Brands

• CHAKSUN: Brand name for Sunflower Refined Oil marketed by NMC Oils & Cakes Pvt. Ltd.
• Saakshi
• Jiyo

Products and services

• CHAKSUN Sunflower Refined Oil Refined sunflower oil marketed and distributed under the CHAKSUN brand by NMC Oils & Cakes Pvt. Ltd. for retail and wholesale food customers.
• Saakshi Mustard Oil Branded mustard oil marketed and distributed by NMC Oils & Cakes Pvt. Ltd. for retail and wholesale food customers in India.
• Jiyo Sesame Seed Oil Branded sesame seed oil marketed and distributed by NMC Oils & Cakes Pvt. Ltd. for retail and wholesale food customers.
• International Agricultural Commodity Trade Bulk export of agricultural commodities including barley, maize, jowar, bajra, wheat, rice bran, de-oiled cake, guar products, rice, and sugar to buyers in the Middle East and South East Asian markets such as Indonesia, Philippines, Malaysia, Vietnam, UAE, Qatar, and Fujairah. 35 years of trading experience with guaranteed on-time shipments.
• LPG Piped Gas Distribution System Turnkey design, installation, and commissioning of LPG piped gas reticulation systems for residential and commercial complexes across 8 Indian cities (Mumbai, Pune, Bangalore, Indore, Vishakapatnam, Goa, Hyderabad, Cochin) including Lavasa City, delivered as an accredited associate of Hindustan Petroleum Corporation Ltd. 20,000 active clients served.
• Computer and IT Equipment Rentals Rental of computers, laptops, servers, software, and peripherals with 24x7 on-site engineering support, networking consultancy on TCP/IP and Novell Netware platforms, and near-zero downtime guarantee for software firms, BPOs, and educational institutions.
• Private Equity (Pre-Seed and Seed Funding) Early-stage capital program offering pre-seed funding up to INR 25 lakhs and seed funding from INR 75 lakhs to INR 3 crore for technology and technology-enabled startups with early customer traction or revenues, strong leadership, and capital-efficient models.
• Loan Against Property Higher loan amount financing scheme secured against property with speedy processing, flexible repayment options, and easy documentation for individuals and businesses.
• Loan Against Shares and Commodities Loan facilities secured against quality stocks and commodities at low interest rates with flexible repayment options for liquidity-seeking clients.
• Equity, Derivatives, and Currency Broking Comprehensive broking services covering equity cash and derivatives trading, internet trading, Demat services, research, debt and money market broking, merchant banking, currency futures (USD, EUR, GBP, JPY), commodity trading, and mutual fund distribution for retail and institutional investors.
• Construction and Real Estate Development End-to-end realty solutions through NMC Developers including residential projects (Taj Villas in Raipur, Olive in Ambegaon-Katraj, Tushar Condos) and commercial projects (Lotus Info Centre in Parel) with a vision toward sustainable green eco-friendly structures and existing projects exceeding INR 100 crores.
• Medical Diagnostic Services High-end diagnostic facilities including MRI, CT scan, and X-ray services established in small towns starting with Bhosari (40 km from Pune) through a joint venture with Ruby Hall Clinic to address the shortage of advanced diagnostics in rural India.

Quantifiable outcome

• 20,000 piped gas clients served across 8 cities
• +4 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core, minor and major.

• Hindustan Petroleum Corporation Ltd (HPCL)coreStrategic or Co-development PartnerNMC Piped Gas Co Pvt Ltd is a leading accredited associate of Hindustan Petroleum Corporation Ltd, a Navratna Company of Govt. of India. The partnership enables NMC to provide LPG piped gas systems for commercial and residential complexes across India. NMC operates as a joint venture partner for reticulated piped gas systems under this arrangement.
• Ruby Hall CliniccoreStrategic or Co-development PartnerJoint venture partnership with Ruby Hall Clinic, the best and most renowned hospital in Pune, for NMC Medical Services. This partnership ensures accurate diagnosis and best medical practices at NMC diagnostic centers in rural areas.
• Patashibai Ratanchand Manav Kalyan TrustminorOthersGovernment grant for running School for the Blind at Bhosari under the trust named after Late Mrs. Patashibai Lunkad.
• Raheja GroupmajorChannel Partner/ Reseller/ DistributorMajor builder client for piped gas design, installation, and commissioning services across residential complexes.
• Lokhandwala GroupmajorChannel Partner/ Reseller/ DistributorMajor builder client for piped gas design, installation, and commissioning services.
• Hindustan Construction Co Ltd.majorChannel Partner/ Reseller/ DistributorConstruction company client for piped gas system installations in their projects.
• Kolte Patil HomesmajorChannel Partner/ Reseller/ DistributorReal estate developer client for piped gas installations across residential projects.
• Brigade GroupmajorChannel Partner/ Reseller/ DistributorReal estate developer client for piped gas installations.
• Kumar PropertiesmajorChannel Partner/ Reseller/ DistributorReal estate developer client for piped gas installations.

Scale indicators9 records

Recent moves2 records

Expansion highlights5 records

Direct peers

• Marico Limited: FMCG major with Saffola brand competing in branded edible oils (especially sunflower and safflower). Comparable to NMC's CHAKSUN brand in the branded refined oil segment with similar distribution and marketing approach.
• Adani Wilmar Limited: India's largest edible oil manufacturer and distributor with the Fortune brand. Directly competes with NMC Oils & Cakes in branded edible oils (sunflower, mustard, soybean) across wholesale and retail channels.
• Indraprastha Gas Limited: Major piped natural gas distributor in Delhi NCR serving residential, commercial, and industrial customers. Comparable to NMC's piped gas business in terms of distribution model, customer base (housing complexes), and JV-like structure with upstream gas majors.
• Patanjali Foods Limited (formerly Ruchi Soya): Major Indian edible oil and FMCG company with extensive pan-India distribution. Directly comparable scale and product overlap with NMC Oils & Cakes across edible oils categories.
• Mahanagar Gas Limited: India's largest city gas distribution company, distributing piped natural gas (PNG) and CNG to residential, commercial, and industrial customers in Mumbai and adjoining areas. Directly comparable to NMC Piped Gas Company's business model of installing and operating gas distribution systems for residential and commercial complexes.
• Gujarat Gas Limited: Largest natural gas distribution company in India operating across Gujarat, Maharashtra, and other states. Directly comparable to NMC Piped Gas in residential and commercial piped gas distribution and city gas distribution licensing.
• Godrej Agrovet Limited: Indian agribusiness company with diversified operations including oilseeds, animal feed, and crop protection. Comparable to NMC's agricultural commodity export business and edible oils operations with a similar diversified agri-business model.
• Cargill India: Major global agricultural commodity trader with significant India operations in edible oils, grains, and animal nutrition. Directly comparable to NMC's international commodity trade business exporting agricultural commodities to Middle East and South East Asia.

Broad incumbents

• ITC Limited: Indian diversified conglomerate spanning FMCG, agribusiness, hospitality, paperboards, and hotels. Comparable multi-vertical conglomerate structure with similar focus on branded consumer goods and agricultural commodity operations.
• Adani Enterprises Limited: Larger Indian conglomerate with significant agri-commodity trading, edible oils (through Adani Wilmar), mining, and infrastructure operations. Relevant as a broader incumbent in commodity trading and conglomerate-style diversification that NMC emulates at smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nmc-group-pvt-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 records

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 NMC GROUP