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

52-Week Range
Valuation
Financials (FY2024)
Investment Thesis
Ayushman Infratech Limited, now renamed Shantnu Investments India, is a 50-year-old Delhi-based company with a deeply uncertain operational status. The transition from infrastructure to investment holding and the extremely low ₹0.10 share price indicate significant financial distress or near-dormancy. This is a high-risk, low-transparency entity. Investors should approach with extreme caution and verify current MCA filings and audited accounts before any consideration of investment.
Pros
Cons
Business Segments
Civil Construction Services (Historical)
Original business of civil infrastructure and construction services — likely discontinued or substantially reduced following the name change
Investment Holding (Current — as Shantnu Investments India)
Following the name change, the company appears to have pivoted to an investment and financial holding model under the Shantnu Investments India identity
Revenue Model
The original revenue model was based on civil construction contracts. Following the apparent business transformation to Shantnu Investments India, the revenue model is likely investment-driven — income from equity holdings, dividends, and inter-corporate transactions. The current operational revenue model cannot be independently verified without financial disclosures.
Detailed Analysis
Growth Plans
Potential revival or fresh capital infusion under the Shantnu Investments India identity
Value unlocking if legacy construction assets or receivables are realized
Regulatory compliance clean-up enabling orderly operations under new identity
Industry Tailwinds
Potential revival or fresh capital infusion under the Shantnu Investments India identity
Recent Developments
The company changed its name from Ayushman Infratech Limited to Shantnu Investments India, indicating a potential shift in business focus from infrastructure construction to investment or financial services activities.
2023-2024Comparable Companies
NBCC · ~12,000 Cr
Frequently Asked Questions
About Ayushman Infratech
Ayushman Infratech Limited (formerly known as Shantnu Investments (India) Ltd) is a Delhi-based civil construction company that came into its current form following an NCLT-approved merger in 2020. The company was originally incorporated on 28 August 1973 and registered under the Registrar of Companies, Delhi. In 2020, the National Company Law Tribunal, New Delhi Bench approved the merger of Ayushman Infratech Private Limited, Greatvalue Infrastructure India Limited, and Shri Paras Nath Plastics Private Limited with Shantnu Investments (India) Limited — creating the current entity and renaming it Ayushman Infratech Limited. The equity shares of the company are listed on the Metropolitan Stock Exchange of India (MSEI) with a paid-up equity share capital of ₹20 lakhs (₹0.20 crore), comprising 2,00,000 equity shares of ₹10 face value each. The company is currently engaged in Civil Construction Work including civil construction, plumbing works, electrical works, internal roads, fabrication, and laying services. Its registered office is at DSC-319, DLF South Court, Saket, New Delhi 110017 — a reputed business address. Ayushman Infratech serves the construction and infrastructure sector, providing a range of civil engineering and related services to project developers, government agencies, and private clients. The company's transformation from an investment company to a construction services entity reflects a strategic pivot enabled by the 2020 NCLT merger.
Key Milestones
Incorporated in 1973 in Delhi under CIN L45100DL1973PLC006795 as an infrastructure and civil construction company
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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.
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Value unlocking if legacy construction assets or receivables are realized
Regulatory compliance clean-up enabling orderly operations under new identity
Industry Headwinds
Complete operational dormancy under new investment company identity
Ongoing capital erosion with no disclosed path to profitability
Name change and business model pivot increasing compliance and legal complexity
Near-zero share price limiting any meaningful investor return scenario
Very small paid-up capital of only ₹20 lakhs — micro-scale entity
Source: Company Financial Filings
Post-NCLT merger company — track record under current structure is limited to post-2020
Source: Media Reports / Public Records
The name change from an infrastructure company to an investments entity raises serious questions about whether the original civil construction business is still operational or has been abandoned.
A share price of ₹0.10 in the unlisted market indicates near-zero perceived equity value, likely reflecting accumulated losses, capital erosion, or dormant operations.
No recent financial disclosures, management details, or operational updates are publicly available, making risk assessment nearly impossible for outside investors.
The discrepancy between the registered name (Ayushman Infratech) and operating name (Shantnu Investments India) may cause legal, contractual, and investor communication complications.
As a 50-year-old company with a pending or completed name change and possible business model transition, there may be unresolved compliance or regulatory filings with ROC Delhi.
ITDCEM · ~5,000 Cr
SIMPLEXINF · ~500 Cr
Operated in civil construction services under the Ayushman Infratech Limited brand
Underwent a significant corporate transition with a name change to Shantnu Investments India, signaling a business model pivot
Website ayushman.net.in maintained under the original brand name
Shares currently available in the unlisted market at ₹0.10 per share — well below any reasonable operational value