Nirlon Ltd
Nirlon Ltd Company History
Nirlon is engaged in development and management of the industrial park/ information technology (IT) park.
1993
Rehabilitation Scheme sanctioned and implementation begins.
1993
1999
Offers its idle/surplus factory premises for licence at its Goregaon complex to leading Corporates.
1999
2000
Forms a Joint Venture company for its Conveyor Belting Division with its manufacturing
facility at Roha with a large, integrated, global player in belting production.
Retains 26% of JV Equity
2000
2003
Factory Building areas of approx. 1,75,000 sq.ft. licensed at the Goregaon complex.
Completes repayment of Secured loans & Public Debentures as per the Rehabilitation Scheme
2003
2004
Phase out of manufacturing at Goregaon.
2004
2005
Additional building area of approximately 150,000 sq.ft. licensed at Goregaon.
2005
2006
Achieves profit after depreciation and substantially completes implementation of the Rehabilitation Scheme.
Deregistered from BIFR and is no longer a sick unit.
Planning and design for an Information Technology (IT) Park of 23 acres, i.e. Nirlon Knowledge
Park (NKP) commences at Goregaon, Mumbai, at the company's erstwhile factory location.
2006
2007
Construction of Phase-I of NKP commences.
2007
2008
Construction of Phase-II of NKP commences.
2008
2009
NKP Phase-I is completed and substantially licensed to leading multinationals and corporates.
Nirlon diversifies its 26% stake in its Conveyor Belt joint venture company with a substantial gain.
2009
2010
Wins Smart Living Awards for
i. Best Safest Project.
ii. Best Corporate Spaces - SEZ's & IT Parks.
iii. Best Green Project - Commercial.
2010
2011
Construction of Phase-III of NKP commences.
NKP Phases I & II are fully licensed.
Completes a preferential issue of fresh equity for expansion and development of NKP.
2011
2012
Construction of NKP Phase-IV begins
Nirlon - Nirlon wins Prestigious International Property Award.
2012
2013
Nirlon Wins Worldwide Achievers "Real Estate Award 2013"
2013
2014
Board recommended a Dividend of Rs. 0.75 paise per equity share (@7.5% on the face value of Rs. 10/- each ).
Declares a dividend for the first time since 1985.
2014
2015
Singapore's sovereign wealth fund GIC has raised its holding in public listed Mumbai IT park firm Nirlon Ltd to 63.92 per cent by acquiring more shares in the open offer for Rs 568.32 crore ($90 million).
2015
2016
Development of NKP Phase-5 begins
2016
