Nelco Ltd., a privately owned Indian company founded in 1940, provides connectivity and distribution services. Currently employing approximately 420 people, the company is headquartered in India and specializes in satellite communication (SatCom or VSAT) services, primarily delivering data connectivity solutions to enterprise clients nationwide. While formerly part of the Tata Group, it is now independently owned.
Nelco settled a tax dispute for the assessment year 2011-12, paying Rs. 419 lakhs. This settlement, under the Direct Tax Vivad Se Vishwas Scheme 2024, concerns the calculation of gain on a slump sale under the Income Tax Act 1961. The settlement results in a one-time tax liability of Rs. 419 lakhs and eliminates the related contingent liability. Additionally, Nelco announced the superannuation of Mr. Farrokh Shroff, Senior General Manager - Digitalization & Quality, effective February 28, 2025.
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