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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2024-25)
Investment Thesis
Amar Vanijya Limited is a four-decade-old New Delhi investment company classified as an NBFC. Its ₹10 share price at face value suggests limited market premium over book value. Without public disclosures, its investment quality and operational health cannot be independently assessed, making it a high-uncertainty holding for investors.
Pros
Cons
Business Segments
Financial Services / Investment
Financial services including investment, trading in securities, and related activities. Registered office in South Extension-II, New Delhi.
Revenue Model
Amar Vanijya Limited earns revenue through dividend income, interest on debentures and bonds, capital gains from equity investments, and interest income from lending activities. As an investment company, returns are primarily driven by portfolio performance rather than operational activities.
Detailed Analysis
Growth Plans
India's long-term equity market growth benefiting investment portfolio
Rising interest rates supporting NBFC lending income
Potential for portfolio restructuring or stake sales generating capital gains
Industry Tailwinds
India's long-term equity market growth benefiting investment portfolio
Recent Developments
The Reserve Bank of India has progressively strengthened NBFC regulations including enhanced capital adequacy norms, governance requirements, and disclosure standards, affecting small investment NBFCs.
2024-01Indian equity markets delivered strong returns in FY2024, which may have benefited investment holding companies with equity portfolios.
2023-06Comparable Companies
BAJFINANCE · ~4,50,000 Cr
Frequently Asked Questions
About Amar Vanijya
Amar Vanijya Limited is a New Delhi-based Non-Banking Financial Company (NBFC) incorporated in 1985, headquartered at 105, Southex Plaza-II, South Extension II, New Delhi. The company operates as an investment holding and lending entity, primarily providing loans to industrial enterprises and managing a financial assets portfolio. As an RBI-registered NBFC, Amar Vanijya must comply with Reserve Bank of India's prudential norms on capital adequacy, asset classification, provisioning, and income recognition. NBFCs play a critical role in India's financial ecosystem by extending credit to segments underserved by traditional commercial banks, particularly mid-market industrial enterprises and smaller commercial borrowers. The company has maintained an active corporate presence for nearly four decades, with its board overseen by directors including Ramawatar Lohia, Khushboo Doshi, Pratibha Devi Beriwala, Kallol Kundu, Pramod Kumar Mundra, and Navin Nayar — a diverse and experienced governance team. The South Extension II, New Delhi location situates the company in one of Delhi's premier commercial districts with proximity to the north Indian business community. Amar Vanijya's positioning as an industrial lender means its asset quality is closely tied to the health of its borrower industries. Key metrics for investor evaluation include loan book size, NPA (non-performing asset) levels, capital adequacy ratio, net interest margins, and diversification of the lending portfolio. India's NBFC sector has seen significant regulatory strengthening since 2018, creating both challenges and opportunities for established mid-sized NBFCs.
Key Milestones
Incorporated 1985 in New Delhi (CIN: U65993DL1985PLC021000)
Common questions about unlisted shares
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You enquire
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We source & quote
· Typically within 1 business dayOur desk sources the shares and comes back with a firm price and an allocation for the quantity available.
You accept the allocation
· Quote valid for 3 daysReview the price, quantity and total. Accept to lock the allocation. The quote is valid for a short window before it needs re-pricing.
You transfer the funds
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Shares reach your demat
· Usually credited within 2–3 business daysOnce payment is verified, the shares are transferred from the desk's demat into yours, and you receive a transfer confirmation.
A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Rising interest rates supporting NBFC lending income
Potential for portfolio restructuring or stake sales generating capital gains
Industry Headwinds
Increasing RBI compliance costs for small NBFCs
Undisclosed portfolio quality risks
Potential regulatory challenges for investment-only NBFCs under evolving frameworks
Limited public financial disclosures — loan book quality and NPA levels not independently verifiable
Source: Media Reports / Public Records
Industrial lending concentration risk
Source: AlphaHub Research
RBI's tightened NBFC regulations require enhanced capital adequacy, governance, and disclosure compliance, increasing costs for small investment companies.
Without disclosure of holdings, portfolio concentration risk cannot be assessed — investments may be concentrated in distressed or illiquid assets.
Equity portfolio value is subject to stock market volatility; a market downturn can significantly reduce investment book value.
Loans extended to industrial borrowers carry credit and default risk, particularly for a small NBFC with limited diversification.
No public disclosures of NAV, portfolio composition, or lending book quality makes risk assessment very difficult.
CHOLAFIN · ~1,00,000 Cr
Unlisted
Listed on BSE (code 512503) — provides exchange-level regulatory compliance
Registered at 105, Southex Plaza-II, Leela Ram Market, South Extension-II, New Delhi 110049
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