The Nidar Group

What The Nidar Group does

The Nidar Group is a privately held, family-controlled Indian conglomerate headquartered in Mumbai, with operating roots tracing back to the Hiranandani businesses established in 1981. The group operates across five core verticals — real estate (residential, commercial, and integrated townships), energy (H-Energy, including an FSRU terminal and a 945 km natural gas pipeline), industrial and logistics infrastructure (Greenbase), data centres (Yotta), and adjacent services spanning hospitality, healthcare, and education. The Nidar umbrella vehicle consolidates these businesses alongside the Hiranandani brand assets, with a reported 3,152-acre land bank, 40 million sq. ft. of completed real estate, 9.53 million sq. ft. under construction, and 14.1 million sq. ft. of industrial and warehousing space.

The group's technology and infrastructure platforms are anchored by Yotta's hyperscale data centre operations — including the 50 MW, 7,200-rack, 820,000 sq. ft. NM1 facility in Mumbai and a planned Rs 7,000 crore Greater Noida data centre park — and by H-Energy's energy infrastructure, which operates India's first commissioned FSRU terminal and a long-distance natural gas pipeline. Greenbase develops industrial and logistics parks with a 550-acre land bank and a US$500 million planned investment, partly funded through a Rs 2,500 crore joint venture with Blackstone. The combined platform positions Nidar as a vertically integrated developer rather than a single-segment real estate operator.

The business model is asset-heavy and capital-intensive, with revenue generated through a mix of real estate development sales, long-term commercial and industrial leases, data centre colocation and managed services, and regulated energy infrastructure (LNG regasification and natural gas transmission). Customer segmentation spans enterprise tenants (e.g., a 1.9 million sq. ft. lease with TCS, plus Vestas India, Höegh LNG, Happiest Minds, and MultiLiving) and individual residential buyers. Capital recycling is evident in the 2017 divestiture of the Powai commercial portfolio to Brookfield, with proceeds redeployed into the higher-growth Yotta, Greenbase, and H-Energy verticals.

Name

The Nidar Group

Legal name

Nidar Management LLP

Website

https://nidargroup.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Short description

The Nidar Group is a privately held Indian conglomerate operating across real estate, energy (H-Energy), industrial and logistics parks (Greenbase), hyperscale data centres (Yotta), and hospitality, healthcare, and education, serving enterprise tenants and residential customers from a Mumbai base.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: Sale of residential units (apartments, villas, plotted developments), commercial spaces (business parks, IT parks, SEZs), and township properties across pan-India locations including Mumbai, Thane, Panvel, Chennai, Pune, Ahmedabad, and Gujarat. Revenue is one-time from property sales.
2. LNG / Oil & Gas Operations: H-Energy provides LNG regasification terminal services, natural gas pipeline infrastructure, and end-to-end natural gas marketing solutions. West Coast Project peaking at 6 MMTPA (expandable to 10 MMTPA); East Coast Project with 5 MMTPA capacity (expandable to 13 MMTPA). Pipeline network of 945 km under execution.
3. Data Centre Colocation and Managed Services: Yotta designs, builds and operates infinitely scalable Data Centre Parks. Offers options from single rack to entire building or customised DC, supported with managed services. 35 data centre buildings planned pan-India. Revenue model based on colocation and managed services recurring fees.
4. Industrial & Logistics Parks: Greenbase provides built-to-suit industrial facilities, plug-and-play warehouses, and cold storage solutions. Total planned investment of US$500 MN. Industrial and warehousing space under development of 14.1 million sq. ft. Revenue from lease/sale of industrial and logistics facilities.
5. Hospitality: Meluha The Fern (5-star, 141 rooms, LEED Gold rated, Ecotel certified) and Rodas Hotel (3-star, 36 rooms). Revenue from hotel room bookings and event/b banquet services.

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

The Nidar Group is a diversified Indian conglomerate that develops integrated residential and commercial townships (Hiranandani Communities), operates Tier IV-certified hyperscale data centre parks (Yotta), runs LNG regasification terminals and natural gas pipeline/marketing operations (H-Energy), and provides built-to-suit industrial and logistics facilities (Greenbase). It also operates a 240-bed multi-speciality hospital (Hiranandani Hospital), hotels (Meluha The Fern, Rodas Hotel), schools, and a power distribution utility (TUCO).

Product overview

The Nidar Group is a diversified conglomerate operating primarily in Real Estate, Energy, Infrastructure, and Data Centers. The product portfolio includes: Yotta Data Centers (Tier 4 certified hyperscale data centre parks with pan-India presence), H-Energy (LNG regasification terminals, natural gas pipelines, and gas marketing solutions), Greenbase (industrial and logistics parks with built-to-suit and cold storage facilities), and multiple real estate sub-brands including Hiranandani Communities, Hiranandani Parks, Hiranandani Estate, Hiranandani Gardens, Hiranandani Fortune City, Hiranandani Meadows, and Mount Alterra. Supporting verticals include Hiranandani Hospital (240-bed multi-speciality healthcare), Meluha The Fern and Rodas Hotels (hospitality), Hiranandani Foundation School and related educational institutions, Hiranandani Business Park (commercial real estate), and TUCO (power distribution utilities). The portfolio spans from single-unit residential to large-scale integrated townships, from data centre colocation to LNG energy infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Hiranandani Communities: Real estate vertical for the Nidar Group focusing on integrated townships, residential complexes, and commercial spaces.
• H-Energy
• Yotta
• Greenbase
• Hiranandani Foundation School
• Mount Alterra
• Hiranandani Sands
• Hiranandani Fortune City
• Kidz Care Kastle
• Hiradale
• Beaumont

Products and services

• Hiranandani Communities The real estate vertical of the Nidar Group offering residential projects including apartments, villas, plotted developments, and integrated townships with amenities and infrastructure across pan-India locations.
• Yotta Data Centers Designs, builds and operates infinitely scalable Data Centre Parks with pan-India land presence. Yotta NM1 is the world's second largest and Asia's largest Tier 4 design certified data centre facility (820,000 sq. ft., 7,200 racks, 50 MW power, 4 self-owned fibre paths) located within Hiranandani Fortune City, Panvel.
• H-Energy LNG and Natural Gas Operations Operates LNG regasification terminals, natural gas pipeline infrastructure, and end-to-end natural gas marketing solutions. West Coast Project peaking at 6 MMTPA (expandable to 10 MMTPA); East Coast Project with 5 MMTPA capacity (expandable to 13 MMTPA); 945 km of pipeline under execution. India's first FSRU-based LNG terminal at Jaigarh, Maharashtra.
• Greenbase Industrial & Logistics Parks Provides cost-effective industrial and logistics solutions including built-to-suit industrial facilities, plug-and-play warehouses, and cold storage. Total planned investment of US$500 MN, with 14.1 mn sq. ft. of industrial and warehousing space under development on a 550-acre land bank.
• Hiranandani Hospital (Powai) 240-bed multi-specialty tertiary and quaternary hospital, the first private facility in Mumbai to have a PSA oxygenator plant; winner of the Ramakrishna Bajaj Award for best hospital in India.
• Meluha The Fern An Ecotel Hotel in Mumbai, the world's only hotel with both Ecotel certification and LEED Gold rating. A 5-star property with 141 rooms and suites.
• Rodas Hotel A 3-star Ecotel hotel in Powai with 36 rooms, one restaurant and 3 banquet areas, equipped with latest facilities for business travel.
• Hiranandani Foundation School Educational institution established with vision for a better, brighter India, setting new standards in quality Indian education.
• Hiranandani Parks Oragadam Chennai An integrated township spread across 360+ acres with over 2000 preserved trees and 40+ amenities, offering villas, villa plots and apartments near Chennai.
• Hiranandani Fortune City Panvel A mixed-use Smart City township project spread across 595 acres in Panvel, Maharashtra, housing residential, retail, office spaces, and infrastructure (including the Yotta NM1 data centre).
• Mount Alterra Khandala A premium hilltop villa plot project near Khandala, located 518m above sea level, offering premium plots for building dream homes.
• TUCO (Power Distribution Utility) Operates and maintains the entire Power Distribution Network at Hiranandani Fortune City, Panvel, ensuring reliable power supply at attractive rates for industrial, commercial, and residential consumers.

Quantifiable outcome

• Annual energy saving of 30.19% against ASHRAE 90.1-2010 standard across Hiranandani projects
• +5 more outcomes

Named customers5 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

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Happiest Minds TechnologiesminorStrategic or Co-development Partner · 26 May 2021Happiest Minds Technologies entered into a strategic partnership with Yotta Infrastructure in May 2021 to jointly offer world-class colocation services and Yotta's cloud solutions to enterprise customers.
• Höegh LNG Holdings Ltd.coreStrategic or Co-development Partner · 2 February 2021Höegh LNG Holdings Ltd. signed a 10-year FSRU charter with H-Energy in February 2021. The Höegh Giant FSRU was selected to serve H-Energy's Jaigarh terminal — India's first FSRU-based LNG import project.
• MultiLivingcoreGTM or Marketing Partner · 10 September 2020MultiLiving, India's first all-inclusive residential-rental ecosystem, became the official leasing partner of Hiranandani Communities in September 2020. The partnership enables MultiLiving to manage rental units within Hiranandani townships.
• Vestas IndiacoreStrategic or Co-development Partner · 16 September 2019Greenbase, the industrial and logistics vertical of the Nidar Group, developed a purpose-built industrial and logistics park for Vestas India in Oragadam, Chennai. First industrial shed completed for Vestas in 2020.
• Novatek (Russia)coreStrategic or Co-development Partner · 4 September 2019H-Energy and Russia's Novatek signed an LNG cooperation pact in September 2019, marking a strategic partnership for LNG sourcing and collaboration in India's energy market.
• HSNC BoardminorStrategic or Co-development Partner · 1 January 2018Partnership with HSNC Board for conducting skill development programmes. During FY2018-19, 5,353 individuals were trained under this partnership, covering courses in English Speaking, Basic Beauty & Hair Dressing, Computer Fundamentals, Networking, and Primary Health Assistant training.
• Tata Consultancy Services (TCS)coreOthers · 1 January 2015Landmark 1.9 mn sq. ft. office space deal at Hiranandani Estate in Thane — India's largest office space deal at the time (2015). Additional 2 mn sq. ft. of commercial office space completed in record 18 months in 2017.

Scale indicators22 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Brigade Enterprises: Brigade Enterprises is a leading South India-focused real estate developer with significant residential, commercial, and hospitality operations in Chennai, Bengaluru, and Hyderabad. Comparable to The Nidar Group's Hiranandani Parks Oragadam (Chennai) and pan-India township strategy.
• Godrej Properties: Godrej Properties is a pan-India listed residential and commercial developer operating across Mumbai, Pune, Chennai, and other cities. Directly comparable to Hiranandani Communities in residential development scale, brand-led premium positioning, and multi-city expansion strategy.
• DLF Limited: DLF is India's largest listed real estate developer with pan-India residential, commercial, and SEZ developments. Comparable to Nidar/Hiranandani on large-scale residential townships, commercial office space (with similar customers including IT/ITeS firms), and integrated community master-planning.
• IndoSpace: IndoSpace is India's largest developer of industrial and logistics real estate parks with pan-India presence. Directly comparable to Nidar's Greenbase vertical on industrial/logistics park development, built-to-suit facilities, and tenant relationships with manufacturing and logistics operators.
• CtrlS Datacenters: CtrlS is a leading Indian Tier IV data centre operator with hyperscale-grade facilities across multiple cities. Direct competitor to Yotta in the Indian Tier IV/hyperscale colocation market, with overlapping target customers (cloud providers, hyperscalers, large enterprises).
• STT GDC (Tata Communications Data Centres): STT GDC operates one of India's largest data centre footprints with carrier-neutral colocation facilities. Directly comparable to Yotta's pan-India colocation strategy and enterprise/hyperscale target segment.
• Oberoi Realty: Oberoi Realty is a Mumbai-focused premium real estate developer known for luxury residential and commercial projects in the western suburbs. Comparable to The Nidar Group's premium Hiranandani-brand positioning in Mumbai, with similar high-end residential and commercial office development.
• Petronet LNG: Petronet LNG is India's largest LNG regasification operator with terminals at Dahej and Kochi. Direct comparable to H-Energy's FSRU-based LNG terminal business and overall LNG infrastructure strategy in India.
• Macrotech Developers (Lodha Group): Macrotech Developers is one of India's largest listed real estate developers focused on premium residential and commercial real estate in Mumbai and Pune. Directly comparable to The Nidar Group's Hiranandani Communities vertical on business model, premium brand positioning, and integrated township approach in the Mumbai metropolitan region.

Broad incumbents

• Adani Group: Adani Group is one of India's largest listed conglomerates with operations spanning energy (renewables, gas, power), infrastructure (ports, airports, data centres via AdaniConneX), and real estate. Comparable to The Nidar Group on the broad conglomerate model spanning energy infrastructure, data centres, and large capital project execution in India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries8 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 The Nidar Group