Nihilent Ltd., a global business consulting and IT solutions integration company headquartered in Pune, is planning to raise ₹350 crore through an Initial Public Offering (IPO) to fund expansion and to set up labs to support its growth.
The company had filed its Draft Red Herring Prospectus (DRHP) in August 2018 and is in the IPO phase. Besides the IPO, some existing shareholders will also sell shares through an offer for sale. “We want to acquire some more companies and would like to build a reserve of ₹100 crore towards that. Besides, ₹250 crore will be invested in setting up user experience laboratories and a media laboratory, setting up a Heuristic testing centre in Chennai,” Minoo Darab Dastur, president, CEO and whole-time director of Nihilent Ltd., said. He said a total of five labs would be set up.
Part of the mobilised funds will go for general corporate purpose, replacement and upgradation activities at the corporate office and relocation of the branch office, he said. “Our mission is to systemically deliver organisational change for our clients and we have become fairly successful in that over the years,” Mr. Dastur said. As on June 30, 2018, the company had more than 1,800 employees across offices located in India, South Africa, United States, United Kingdom and Australia. Its main areas of operations are consulting, analytics, IT technology solutions and services.
Key industries
The key industries to which it provides services include BFSI, media and entertainment, life sciences and healthcare, manufacturing, and mobility and telecommunications.
