NIBE Limited, a pioneering name in manufacturing critical systems for the defence sector, achieved a historic milestone by successfully listing its equity shares on the National Stock Exchange of India. The event, marked by dignified ceremonies and active industry participation, underscored the company’s unwavering commitment to innovation, transparency, robust corporate governance, and sustainable growth.
The Listing ceremony, held at NSE, Mumbai was attended by key industry leaders, including Dr Harish Ahuja, NSE’s Head of Sustainability, Power & Carbon Markets, Listing Business (IPO), and Social Stock Exchange; Mr J D Patil, Whole-time Director, and Senior Executive Vice President for L&T’s Defence Business and New Age Smart Technology Businesses; Mr Sanal Kumar, Co-founder of Niveza Investments; Mr Gunavanth Vaid, Founder of 4G Capital Venture; Mr. Vijay Kedia, Founder of Kedia Securities; Mr Kishor Dharia; Non-Executive Non-Independent Directors of NIBE Limited – Mr MV Gowtama, Mr R Madhavan, Ms Ranjana Mimani; and Non-Executive Independent Director Mr Bhagwan Gadade.
The leadership team of NIBE Limited, including Mr. Ganesh Nibe, Chairman and Managing Director, Mrs Manjusha Nibe, Mr. Balakrishnan Swamy, Mr Dnyaneshwar Nibe, Mr Prakash Bhamare, Mr Hemant Wani, Ms Komal Bhagat, and Mr Manish Agal presented mementos to the esteemed dignitaries to commemorate the occasion.
Talking about the listing, Mr Ganesh Ramesh Nibe, Founder and Chairman & Managing Director (CMD) of NIBE Limited said, “The successful listing on the NSE marks a transformative chapter in our journey. It reflects our steadfast commitment to excellence and innovation, and it opens up significant opportunities for growth. As the 2695th company to be listed, we are truly honoured for the trust that investors and stakeholders have placed in us. This is not just a financial milestone but a firm affirmation of our vision to drive the future of our industry and Atmanirbhar Bharat.”
Mr. J.D. Patil, Whole-time Director, and Senior Executive Vice President for L&T’s Defence Business and New Age Smart Technology Businesses, further added, “NIBE Limited has consistently demonstrated an extraordinary ability to identify opportunities and build new businesses year after year. It is no surprise to see the company has reached this remarkable milestone of listing on the country’s largest exchange today. This achievement underscores NIBE’s strong foundation, innovative approach, and leadership in the sector. I extend my heartfelt congratulations to the team for this well-deserved success.”
Mr. Sanal Kumar, Co-founder of the investor firm, Niveza Investments, also congratulated the team and said, “As one of NIBE’s key investors, it has been remarkable to witness the company’s rapid growth and innovation. Today’s NSE Listing marks a significant milestone, reinforcing investor confidence in its vision and leadership. We are proud to have backed the company for over 18 months, as its resilience and strategic direction, led by Mr Ganesh Nibe, continues to unlock new opportunities in the industry, and this achievement is a testament to that. We remain extremely bullish about NIBE and its commitment to India’s defence ambitions and look forward to seeing the company in Nifty50 by 2047.”
The bell-ringing ceremony marked the commencement of trading, followed by speeches from industry leaders and key stakeholders. The successful listing on the National Stock Exchange has enhanced NIBE Limited’s market visibility and established a robust platform for future growth. The event has been widely acknowledged by industry stakeholders as a transformative step in the company’s journey, bolstering investor confidence and opening new avenues for capital investment. The event concluded with a vote of thanks by Mr Bhagesh Ganesh Nibe.