Nesco, incorporated in 1946 as New Standard Engineering Company, is a pioneer in the tool manufacturing segment. The company brought into the country world class processes and designs for the manufacture of a number of engineering products.
The company manufactures equipments such as forging hammers and presses, blowroom lines and high production cards for the textile industry and sucker rod pumps for on-shore oil recovery. These equipments have emerged as market leaders. Today, the engineering group of Nesco continues to be a leading provider of these equipments to the Indian Railways, numerous ordnance factories and forging plants.
Originally, the company operated from Byculla in Mumbai and later set up two more plants at Parel and Santacruz. In 1959, it consolidated all three operations and moved to a 70 acre estate on the Western Express Highway at Goregaon in Mumbai.
In 1986, the company diversified into the realty business by developing and providing customized built-up space for multinational companies and leading corporates at Goregaon.
In 1992, the company setup an exhibition centre -- known as the Bombay Exhibition Centre -- at its complex at Goregaon. Starting with a hall area of 2,00,000 sq. ft., this has now been expanded to over 5,00,000 sq. ft. This venue holds the distinction of being the largest exhibition center promoted by the private sector in India and has hosted over 500 national and international exhibitions, trade fairs and events since inception.
In 2001, the name of the company was changed to Nesco, with an aim reflect on the various new avenues that it is was entering into.
It became the first to bring into India the world class manufacturing process and product designs for forging tools and pumps for on-shore oil recovery.
It operates the first private exhibition centre located in the heart of Mumbai, adjacent to the Western Express Highway, which serves as an important arterial road transporting goods to and from the city. Some of the exhibitions conducted includes Reed Exhibitions, Wordex; GattaCa Communication, UK, Famdent, Virtual Info Systems, etc. Nesco is a 100% debt free company with considerable cash reserves.
Nesco plans to augment its production capacity by installing new machinery and machine tools. It also constructing IT Building No. 3 spread over on area of 800,000 sq ft, which will be operational shortly.