Novman Ahmed
CEO / Managing Director
New Delhi
Summary
Global-scale infrastructure executive with 31+ years of leadership experience spanning EPC, healthcare infrastructure, PPP development, real estate, public sector transformation, and complex multi-stakeholder environments. Proven track record of: Enterprise turnaround & P&L leadership Large-scale capital program execution (>$3B equivalent portfolio exposure) Healthcare infrastructure strategy & delivery Order book expansion and financial restructuring Governance reform, ERP modernization & compliance strengthening Public–Private Partnership structuring Multi-location operational leadership Recognized for transforming underperforming organizations into growth-oriented, financially disciplined, execution-driven enterprises.
Overview
19
19
years of professional experience
Work History
Assistant Manager – Estate & Infrastructure
National Bank for Agriculture and Rural Development
- Earlier Career
- Junior Engineer (QS&C) – Military Engineering Services
- Site Engineer – Large institutional projects including Parliament Library & hospital complexes
Managing Director
HSCC (India) Limited
02.2023 - 02.2026
- Enterprise Scope
- National healthcare infrastructure leader
- EPC, PMC, PPP and healthcare systems development
- Multi-billion INR capital project portfolio
- Pan-India operations including International Projects and Supplies to more than 75 Nations
- Subsidiary of National Buildings Construction Corporation
- Transformation Mandate
- Assumed leadership during:
- Revenue decline for 3 consecutive years
- Liquidity constraints
- Blacklisting by key client ministry
- Insolvency proceedings
- Legacy litigation & audit exposure
- Shrinking order book
- Delivered a structured enterprise-wide turnaround.
- Financial & Business Impact
- Order Book Growth
- Secured ₹3,290 Cr (FY24)
- Secured ₹5,402 Cr (FY25)
- Rebuilt order book to ~₹10,000 Cr
- Revenue Growth
- Reversed decline from ₹1,226 Cr to ₹2,099 Cr in two years
- Projected ₹2,500+ Cr run rate
- 70%+ growth in 24 months
- Liquidity & Profitability
- Rebuilt cash reserves to >₹200 Cr
- Improved EBITDA margins
- Enhanced Net Worth & income-per-employee
- Achieved “Excellent” enterprise performance rating (2 consecutive years)
- Strategic Projects & Capital Programs
- Delivered 250-bed operationalization at All India Institute of Medical Sciences Rajkot within 12 months.
- Led projects exceeding ₹2,500 Cr including:
- AIIMS New Delhi – New OPD Block
- AIIMS Darbhanga
- Entered 35-year PPP concession model in Maharashtra (1,875–2,000 bed target)
- Diversified into diagnostics, pharmacy networks & healthcare services
- Established strategic collaboration with Bharat Electronics Limited for healthcare technology integration
- Governance & Systems Modernization
- Implemented enterprise ERP integration
- Overhauled Procurement, Finance & HR frameworks
- Established KPI-driven dashboard governance
- Closed 123 long-pending projects financially
- Strengthened compliance across audit, vigilance, MSME, and statutory regimes
- Successfully reversed blacklisting by Ministry of Health and Family Welfare
- Enterprise Outcomes
- Restored institutional credibility
- Protected company during insolvency litigation
- Diversified business model beyond EPC
- Positioned organization as national healthcare infrastructure leader
Regional Business Group Head – Delhi NCR
National Buildings Construction Corporation
01.2021 - 01.2023
- Led high-value redevelopment and institutional infrastructure programs.
- Flagship Program:
- Redevelopment at Ayurvugyan Nagar, All India Institute of Medical Sciences New Delhi
- Responsibilities included:
- Multi-disciplinary program leadership (civil, MEP, structural)
- Financial control & dispute management
- Execution in live hospital environment
- Senior stakeholder interface
Chief Executive Officer
NBCC Services Limited
01.2019 - 01.2021
- Full P&L ownership of government facility management & interiors subsidiary.
- Impact:
- 90% growth in revenue and bottom line
- Managed strategic assets including:
- CSOI (Civil Services Officers Institute)
- Pravasi Bharatiya Kendra
- CBI Headquarters
- Institutionalized SOP-driven operations model
- Strengthened financial sustainability
Chief General Manager – Corporate HQ
HSCC (India) Limited
01.2019 - 01.2021
- Central project governance oversight
- Enterprise-wide monitoring systems
- Integrated risk and cost control frameworks
- Corporate–subsidiary coordination
Senior Manager – Project Monitoring Cell
Bhilai Steel Plant
01.2012 - 01.2015
- Program Scope:
- ₹21,000 Cr capital expansion
- 128 integrated work packages
- Capacity increase: 4 MTPA → 7 MTPA
- Led:
- Integrated Master Project Scheduling (Primavera)
- Earned Value Management (SPI/CPI tracking)
- Risk & interface governance
- Executive dashboards for Steering Committee
- Cross-functional integration & claims support
- Unit of Steel Authority of India Limited
Chief Operating Officer (Deputation)
Infrastructure Development Corporation under IFCI
01.2007 - 01.2012
- Led large real estate and mixed-use portfolio including:
- 110m twin tower housing project (Delhi)
- 350-unit residential development (NCR)
- ₹1,000 Cr Financial City (Bangalore)
- Hotel & serviced apartment developments
- MDI Campus (West Bengal)
Education
M.E. - Civil Engineering – Water Resources
AMIE - Civil Engineering
Diploma - Business Administration
Phs - Business Admin
Skills
- Enterprise Turnaround P&L Leadership Healthcare Infrastructure
- PPP Structuring Capital Program Management
- EPC & PMC Contract & Claims Management
- ERP & Digital Governance Risk Mitigation
- Board & Government Interface Cross-Functional Team Leadership
Timeline
Managing Director
HSCC (India) Limited
02.2023 - 02.2026
Regional Business Group Head – Delhi NCR
National Buildings Construction Corporation
01.2021 - 01.2023
Chief Executive Officer
NBCC Services Limited
01.2019 - 01.2021
Chief General Manager – Corporate HQ
HSCC (India) Limited
01.2019 - 01.2021
Senior Manager – Project Monitoring Cell
Bhilai Steel Plant
01.2012 - 01.2015
Chief Operating Officer (Deputation)
Infrastructure Development Corporation under IFCI
01.2007 - 01.2012
Assistant Manager – Estate & Infrastructure
National Bank for Agriculture and Rural Development