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Satchmo Holdings Ltd logo

Satchmo Holdings Ltd

NSE: NITESHEST BSE: 533202

₹3.13

(-1.26%)

Wed, 01 Apr 2026, 07:25 pm

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Company History

2004

  • The company was originally incorporated as Nitesh Estates Private Limited

2006

  • Citi Property Investors acquired 74.0% stake in Nitesh Residency
  • The company started a corporate housing project for ITC

2007

  • AMIF I Limited acquired 28.98% stake in the company
  • The company signed an agreement to develop India's first Ritz-Carlton brand hotel in Bengaluru
  • The company won the bid for a 8.26 acre property in the Boat Club area in Chennai

2009

  • The company executed MoU with Luxury Hotels International Management Company B.V. to set up a full-service luxury international hotel and luxury condominium residences under the Ritz-Carlton brand name
  • HDFC AMC picked up 10.1% stake in Nitesh Housing
  • The company's name was changed to Nitesh Estates Limited
  • The fresh certificate of incorporation consequent upon change of name was granted to the company

2010

  • BETL acquired 1.48% stake in the company
  • The company appointed Mr. Ranga Iyer as an Additional Director

2011

  • The company signed Rs 3bn project in Bangalore
  • The company acquired 51% stake in Nitesh Urban Developers Pvt. Ltd.
  • The company acquired 100% Paid Up Equity of Nitesh Kochi Projects & Developers Pvt. Ltd.
  • The company signed a Joint Development agreement for development of a Rs. 500 Cr Commercial Mall at Indiranagar, Bangalore
  • The company signed up Rs. 200 cr New Luxurious Residential Project Nitesh Park Avenue

2012

  • The company signed up Rs. 450 Cr. New Villament Residential Project, Nitesh Palo Alto
  • The company acquired the balance 4,900 Equity Shares from the promoters of Nitesh Urban Development Pvt. Ltd.

2013

  • The company launched Rs. 300 Crore Nitesh British Columbia in South Bangalore
  • The company obtained clearances for its 5-Star Luxury Hotel, The Ritz-Carlton, Bangalore
  • The company's first The Ritz-Carlton opened in Bangalore

2014

  • The company received the Worldwide Achievers Real Estate Awards 2014
  • The company signed a Joint Development Agreement for a new residential project with 262 residential Units

2015

  • The company signed a new Joint Development Agreement with Rs.375 Cr. revenue potential
  • The company launched Nitesh Hunter Valley in Hennur Road, Bangalore, a Rs 900 Cr Project
  • The company acquired a shopping mall in Pune
  • The company signed an MOU with Goldman Sachs

2016

  • The company signed a JDA for a Rs 175 Crores Residential Project in Bangalore

2018

  • The company started construction of the Ali Askar Road Commercial Project

2019

  • The company name was changed to NEL Holdings Ltd. from Nitesh Estates Ltd.

2020

  • The company name was changed to NEL Holdings South Ltd. from NEL Holdings Ltd.

2022

  • The company name was changed to Satchmo Holdings Ltd. from NEL Holdings South Ltd.

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800