Nelco, also known as National Radio & Electronics Company, is a privately owned company and a subsidiary of Tata Group, headquartered in India. Founded in 1940, the company employs approximately 420 individuals and primarily focuses on enterprise connectivity services. Initially a consumer electronics manufacturer, Nelco specializes in satellite communication and enterprise networking solutions, providing VSAT connectivity, maritime and aero communication services, and turnkey networking projects for enterprise and government clients.
On August 27, 2026, Nelco Limited published newspaper advertisements regarding an extension for re-lodgement of physical share transfer requests, adhering to SEBI Listing Regulations. Earlier the same day, rating agency CRISIL placed Nelco's bank facilities, amounting to ₹218 crore, under review with 'Developing Implications' following a substantial ₹191 crore debt-funded investment in the direct-to-device (D2D) satellite services sector. This action by CRISIL came after its August 26 decision to place Nelco's ratings on 'Rating Watch with Developing Implications' following the company's August 17 announcement of a $20 million investment in Lunar Holdco through compulsorily convertible debentures. CRISIL stated it is evaluating the potential impact of this transaction on Nelco's business and financial risk profiles. This strategic move followed Nelco's August 23 announcement of a partnership and investment in Elveo Mobile, a global D2D satellite mobile connectivity solutions provider.
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