Nelco, a privately owned company based in India and part of Tata Group, was founded in 1940 and employs approximately 420 individuals. The company specializes in providing enterprise connectivity services, functioning as a Satellite Communication (SatCom or VSAT) Service Provider in India, delivering data connectivity solutions across the country primarily for the enterprise sector.
Nelco's Board of Directors on May 1, 2026, approved increasing the company's total borrowing limits by ₹400 crore, a decision made after the company reported Q4 FY26 revenue of ₹79.18 crore and a net profit of ₹1.09 crore. This action follows an intimation on April 28, 2026, where the company announced its board would consider a proposal to raise funds through loans and/or the issuance of non-convertible debentures via private placement or other permissible modes. Earlier, on April 22, 2026, Nelco published its audited consolidated and standalone financial results for FY26, which ended March 31, 2026, following their approval by the Board of Directors on April 20, 2026.