1. Company Information
Nashik Municipal Corporation (NMC) is a municipal body constituted under Article 243Q(1)(c) of the Constitution of India and established on November 7, 1982, under the Maharashtra Municipal Corporations Act, 1949. Headquartered at Rajiv Gandhi Bhavan, Sharanpur Road, Nashik, it is responsible for civic administration and urban governance of Nashik city. NMC provides essential services such as water supply, sanitation, solid waste management, road infrastructure, public health, and urban planning. The corporation also undertakes infrastructure development projects and mobilizes funds through municipal bonds, including green bonds, to support sustainable urban growth and environmental initiatives in the city.
Company Strengths
1. Strong Revenue Growth : NMC has shown steady growth in revenue income, increasing from ₹2,025.45 crore (FY24) to ₹2,312.91 crore (FY25), reflecting improved collections and operational efficiency.
2. Consistent Revenue Surplus : The Corporation has maintained a healthy revenue surplus (₹646.35 crore in FY25), indicating strong operating performance and sound financial management.
3. Debt-Free Status : NMC reports Nil total debt, resulting in a strong balance sheet with no leverage risk and high financial stability.
4. Healthy Cash Position : Closing cash and bank balance stood at ₹915.17 crore in FY25, providing strong liquidity to fund infrastructure and development projects.
5. High Credit Rating : Its Green Municipal Bonds are rated AA+ (Stable) by CRISIL and India Ratings, reflecting high credit quality and low default risk.
2. Rating:
“CRISIL AA+/Stable & IND AA+/Stable”
3.Nashik Municipal Corporation Limited NCD Registrar
https://www.purvashare.com/
Unit No. 9, Ground Floor, Shiv Shakti Industrial Estate,
J. R. Boricha Marg, Lower Parel East, Mumbai - 400011,Mumbai - 400083
Maharashtra, India
91 022-35220056 / 49614132
support@purvashare.com
https://www.purvashare.com/