Contract Details
NIS Management Limited has been awarded a work order by West Bengal State Electricity Distribution Company Limited (WBSEDCL) for security services.
Contract Value: ₹11.90 crore (inclusive of Goods and Services Tax)
Contract Duration: Two years, commencing from August 01, 2026
Scope of Work
The Company will deploy approximately 250 security personnel to provide safety, security, and guarding services for WBSEDCL's installations and equipment across various site offices within its jurisdiction.
Financial Terms
The work order provides for a service charge of 10% on the applicable gross amount, excluding bonus, in accordance with the contractual terms.
Strategic Significance
The order strengthens the Company's established presence in West Bengal, where it has built strong operational capabilities and experience in delivering security and integrated facility management services. The engagement reinforces the Company's position in the region and supports its continued focus on expanding relationships with institutional and public-sector clients.
Management Commentary
Mr. Debajit Choudhury, Chairman & Managing Director of NIS Management Limited, commented: "We are pleased to have secured this work order from WBSEDCL, which further strengthens our presence in West Bengal, a key market where we have built strong operational capabilities over the years. We are happy to further expand our engagement in the state and contribute to the safety and security of critical installations and equipment across various locations."
Company Background
NIS Management Limited, founded in Kolkata in 1985 as a security and investigative services provider, became a corporate entity in 2006 (CIN: L74110WB2006PLC108679). The company expanded into facility management, electronic security, and skill development. It manages a workforce of about 18,000 personnel across 14 states, supporting operations at approximately 1,500 sites. The company was listed on the BSE SME platform on 2 September 2025.
Subsidiaries and Operations
The company operates NIS Facility Management Services Private Limited for electronic security solutions and Keertika Academy Private Limited, an NSDC-recognised training partner.
Future Plans
The company plans to strengthen its position in integrated facility management through targeted service expansion, greater technology adoption, and a shift towards higher-value, margin-accretive offerings, complemented by strategic partnerships or acquisitions.
Disclaimer
The document contains forward-looking statements subject to risks and uncertainties including government actions, local, political or economic developments, technological risks, and other factors that could cause actual results to differ materially from those contemplated.