About NESCO Odisha
NESCO Odisha was established in 1997 and is headquartered in Balasore, India. Electricity distribution is handled by the company within the power sector, serving residential, commercial, and industrial consumers in Odisha. Operations include supply management and infrastructure maintenance, with coverage extending to multiple districts. The companys online presence is maintained through nescoodisha.com, supporting regional energy needs.
- Headquarter Balasore, India
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
- Legal Name North Eastern Electricity Supply Company Of Odisha Limited
- Date of Incorporation 19 Nov, 1997
- Jurisdiction Bhubaneswar, Orissa, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2022
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Net Profit
$-4.07 M (USD)0.18as on Mar 31, 2022
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EBITDA
$-504.27 K (USD)0.33as on Mar 31, 2022
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Tata Power
(Apr 02, 2021)
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Funding Insights of NESCO Odisha
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NESCO Odisha
NESCO Odisha has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Tata Power. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Electricity generation, transmission, and distribution services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NESCO Odisha
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - NESCO Odisha
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nesco Odisha Comparisons
Competitors of NESCO Odisha
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about NESCO Odisha
When was NESCO Odisha founded?
NESCO Odisha was founded in 1997.
Where is NESCO Odisha located?
NESCO Odisha is headquartered in Balasore, India. It is registered at Balasore, Odisha, India.
What does NESCO Odisha do?
NESCO Odisha was established in 1997 and is headquartered in Balasore, India. Electricity distribution is handled by the company within the power sector, serving residential, commercial, and industrial consumers in Odisha. Operations include supply management and infrastructure maintenance, with coverage extending to multiple districts. The companys online presence is maintained through nescoodisha.com, supporting regional energy needs.
Who are NESCO Odisha's investors?
NESCO Odisha has 1 investor. Key investors include Tata Power.