Nisus Finance considers Dh669 million more investment in Dubai's real estate
Nisus Finance Investment Consultancy FZCO (NiFCO Dubai), a fully-owned subsidiary of Nisus Finance Services Company Limited (NIFCO), announced the investment of Dh183 million in two properties in Dubai while it is currently actively evaluating investment to the tune of Dh669 million in new properties.
The company is looking forward to a four-fold growth in its assets under management (AUM) that jumped 55 per cent to Rs15.72 billion ($183.85 million) in the financial year ending March 31, 2025, from Rs10.12 billion ($118.35 million) in FY2024. Around 29 per cent or Rs4.55 billion ($53.21 million) of the AUM came from its operations in the UAE.
NiFCO has also engaged M/S Houlihan Lokey to raise global capital for the UAE and India funds, while it has sanctioned $68 million (Dh250 million) for investment in Dubai. It is in advanced discussions for a further $200 million (Dh730 million) credit limit to deploy in the UAE's high-growth real estate market that will fuel the sector's growth. In addition, NiFCO is in advance stage of discussions on the deployment of a further $200 million (Dh730 million) from two prominent global funds.
These funds, once deployed, will increase the company's investment by $468 million (Dh1.71 billion) this year.
In 2024, NIFCO Dubai invested a total of Dh183.35 million including Dh93.85 million in a project located at the Jumeirah Village Circle (JVC) while it invested a further Dh89.5 million in a property in Furjan Dubai.
'We have already invested Dh183 million in two residential properties in Dubai and are actively evaluating Dh669 million (Rs15.55 billion) in investments across residential and commercial projects in prime Dubai locations like JVC, Al Barsha, Sports City, and DIP. These strategic moves aim to unlock high-yield opportunities and fuel strong growth,' Amit Goenka, Chairman and Managing Director of Nisus Finance Group (NiFCO), says.
'We are currently looking at bigger and more lucrative opportunities in the UAE and the GCC where the opportunities are growing and we want our investor community to benefit from these opportunities.'
Nisus Finance meanwhile, reported a 35.5 per cent year-on-year growth in profit after tax reaching Rs325.8 million ($3.81 million) in the financial year ending March 31, 2025, compared to Rs240.5 million ($2.81 million) recorded in FY2024, on Rs673 million ($7.87 million) revenue which jumped 65 per cent, compared to Rs430.4 million ($5.03 million) recorded in the previous year, due to strong growth in its UAE business carried out through its UAE subsidiary Nisus Finance Investment Consultancy FZCO (NiFCO Dubai).
The company's total assets jumped to Rs1.79 billion ($20.93 million), up from Rs491 million ($5.74 million) in FY2024.
The company reported a 42.3 per cent Return on Capital Employed (ROCE) while Return on Investment (ROI) reached a healthy 33.3 per cent in the last financial year when its Net Worth reached Rs1.61 billion – reflecting a robust performance.
The company's Revenue-to-AUM ratio stood at 4.3 per cent while Earnings per Share (EPS) reached Rs16.31 and Net Asset Value per Share reached Rs67.31.
Nisus Finance last year made some successful marquee exits. It had earlier invested in one of India's first self-redevelopment project in Mumbai. The project, managed by Trilogy Developers, merges two societies into a mixed-use development. Last year, it exited from the project with 21 per cent IRR while it also unlocked value with high-yield exit under its Real Estate Special Opportunities Fund (RESO) 1 from a wholly-owned subsidiary of Shapoorji Pallonji Real Estate at 18.74 per cent IRR.
The company also divested from two projects in Bengaluru, achieving a 19 per cent IRR through its Real Estate Credit Opportunities Fund (RECOF) 1. NIFCO also exited from Plotted Development Project Treasure Hills by Treasure Group in Indore with 19 per cent IRR.
'Our FY25 performance reflects the strength of our core platform—lean, profitable, and execution-focused. With the IPO success, we are well-positioned to accelerate strategic growth in FY26 and beyond,' Amit Goenka says.
'Robust AUM growth, diversification of revenue base and strengthening of the India and UAE team, enhancing execution and delivery capabilities have been our key growth drivers, supported by targeted expenditure in marketing and brand building during the Initial Public Offering ((IPO) phase, supporting long-term brand equity and visibility have helped us to record such impressive growth.'
In India, investments worth Rs10 billion are under evaluation across high-growth cities like Mumbai, Pune, Bengaluru and Indore covering both performing credit and special situations. The firm aims to drive strong returns and manage risk through strategic market selection and asset diversification.
'In the FY2026, our objective is to achieve Rs40 billion ($467.81 million) with total income ranging from Rs1.2 billion to Rs1.4 billion ($16.37 million) while we remain on target to become a global asset manager with $$1 billion AUM by 2028 through blue ocean strategies to drive multi-dimensional revenue streams by providing investment opportunities across capital stacks,' Amit Goenka says.
Nisus leverages a decade of experience, utilising local market expertise and proprietary data to capitalise on emerging trends and consistently deliver superior risk-adjusted returns.
NIFCO specialises in urban infrastructure financing and private capital market transactions. The company, along with its subsidiaries and associates, focuses on two main areas: Fund & Asset Management and Transaction Advisory Services. With over a decade of experience in India, Nisus manages Rs15.72 billion in assets for FY 2025, to deliver gross IRR of more than 19 per cent.
The Company's RESO fund has been awarded an 'Excellent' rating by Care Edge Advisory, recognising its strong focus on diversified AIF funds and asset management. The company got listed on BSE SME platform on December 11, 2024.
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