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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
Investment Thesis
Bhairav Enterprises Limited is a long-standing Mumbai-based unlisted trading and investment holding company incorporated in 1984. With a share price at face value (₹10) and very limited public disclosures, the company presents a high-uncertainty investment profile. Investors should conduct thorough due diligence through MCA filings and direct company engagement before any investment consideration.
Pros
Cons
Business Segments
Trading
Engagement in trading activities — specific commodities or goods traded are not publicly confirmed
Investments
Investment holding activities including equity investments and financial asset management
Revenue Model
Revenue from trading activities. Investment income from holdings. Current scale is near-dormant with ₹7.86 lakhs revenue in FY2024.
Detailed Analysis
Growth Plans
Potential unlocking of value from investment holdings in a rising market environment
India's economic growth driving opportunities in trading and investment activities
Possible restructuring or business pivoting by management to improve investor value
Potential future listing on BSE SME or main board unlocking liquidity
Industry Tailwinds
Recent Developments
Bhairav Enterprises Limited shares are tracked on informal unlisted share markets at approximately ₹10 per share (face value), indicating minimal premium over intrinsic value and limited market activity.
SEBI and MCA have increased scrutiny on investment holding companies and trading entities in India, with enhanced compliance requirements for related-party transactions and fund flows.
Comparable Companies
BAJAJHLDNG · ~1,10,000 Cr
Frequently Asked Questions
About Bhairav Enterprises
Bhairav Enterprises Limited is a Mumbai-based public limited company engaged in trading and investments, incorporated on 21 August 1984. Registered at the Registrar of Companies, Mumbai, the company has operated as a trading and investment entity for four decades. Its registered address is at Warden House, 340, J.J. Road, Byculla, Mumbai 400008 — a commercial address in central Mumbai. The company is very small in scale, with an authorised share capital of ₹1 crore and a paid-up capital of ₹1 crore. Revenue for FY2024 was approximately ₹7.86 lakhs, reflecting a 1-year revenue CAGR of -12% and an EBITDA CAGR of -44%. These figures indicate the company is in a declining operational phase with minimal trading activity. Bhairav Enterprises was incorporated during the mid-1980s, a period when many Mumbai-based trading and investment companies were established to serve as holding vehicles or small trading intermediaries. The company's NIC classification under wholesale trading and investment activities places it in a common category of legacy Mumbai promoter holding vehicles. Current directors include Shashi Kumar Dujari, Ganesh Sitaram Dant, Tejal Nirav Shah, and Zankhana Karan Bhansali, reflecting a stable governance structure. However, the declining revenue trajectory (from already very small absolute revenues) raises questions about the company's future direction. With revenue declining to under ₹8 lakhs in FY2024 and continuing negative CAGR trends, Bhairav Enterprises appears to be in near-dormant status for its core trading activities. The company may serve primarily as an investment or holding vehicle for its promoter group rather than as an active trading enterprise.
Key Milestones
1984 — Incorporated as Bhairav Enterprises Limited in Mumbai, Maharashtra (CIN: L51909MH1984PLC217692)
Common questions about unlisted shares
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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.
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Potential unlocking of value from investment holdings in a rising market environment
India's economic growth driving opportunities in trading and investment activities
Possible restructuring or business pivoting by management to improve investor value
Potential future listing on BSE SME or main board unlocking liquidity
Industry Headwinds
Company may be dormant or have minimal active operations
Limited public disclosures
Regulatory scrutiny on trading and holding companies
No confirmed ISIN or promoter details
Revenue only ₹7.86 lakhs in FY2024 with -12% revenue CAGR and -44% EBITDA CAGR — severe operational decline
Source: Company Financial Filings
Near-dormant business with unclear path to recovery
Source: AlphaHub Research
Very limited public financial disclosures make it difficult to assess the company's financial health, revenue, and profitability.
Trading and investment holding companies with share prices at face value may indicate dormancy or minimal active operations.
As an unlisted company with no confirmed ISIN, investors face very limited exit options and unreliable price discovery.
Investment holding and trading companies in India face increasing scrutiny from SEBI and MCA regarding shell company regulations and compliance requirements.
Investment portfolios (if any) are subject to equity market and interest rate risks, which can affect asset values and returns.
TATAINVEST · ~38,000 Cr
BBTC · ~5,000 Cr
1984–present — Operated as a trading and investment holding company in Mumbai over four decades
Present — Shares available on the unlisted market at approximately ₹10 per share (face value)