NIS Management Limited is a Kolkata-founded integrated security and facility management services platform (est. 1985) offering manned guarding, housekeeping, payroll, integrated facility management, and electronic security/CCTV rentals across ~1,500 client sites with a workforce of ~18,000 and pan-India branch presence; the company listed on BSE SME in September 2025.

NIS reported a FY25 revenue base of ₹405.33 crore underpinned by annuity-style 3–5 year contracts and high client stickiness (average relationship tenure 4.5–5 years), providing predictable cash flows and strong revenue visibility across government, BFSI, airports, retail, healthcare and industrial sectors.

The company is actively shifting mix toward higher-margin IFM and CCTV rental businesses: Integrated Facility Management and Electronic Security contributed ₹82 crore (≈20% of FY25 revenue) with CCTV rentals highlighted as delivering ~20–25% EBITDA, representing the clearest near-term pathway for margin expansion.

Operationally, NIS runs a technology-enabled, asset-light model with ERP, mobile attendance, QR monitoring and 600+ remotely monitored sites; balance sheet metrics show improving leverage (debt-to-equity 0.55x) and strong fixed-asset turnover, while FY25 EBITDA margin compressed to 7.37% due to wage inflation and mix shifts.

Despite credible marquee clients and regional strength, the stock has corrected since listing; management emphasises disciplined capital structure, geographic expansion into Maharashtra/Gujarat/NCR and targeted growth in margin-accretive services as priorities to drive medium-term profitability for shareholders.