What is the history of Bombay Swadeshi Stores Limited?

Bombay Swadeshi Stores Limited was founded in 1905 in Bombay (now Mumbai) during the Swadeshi Movement — a mass nationalist campaign to boycott British goods and promote Indian-made products. It was established as a commercial storefront for domestically manufactured items and became an important symbol of the pre-independence economic nationalism movement. The company was rebranded in 1995.

When was Bombay Swadeshi Stores Limited incorporated?

The company was incorporated in 1905 in Maharashtra, making it one of the oldest surviving registered companies in India. Its CIN (U74999MH1905PLC000223) confirms this historic incorporation date.

What does Bombay Swadeshi Stores Limited do today?

The company operates in the retail trade sector, though its specific current business activities are not widely publicised. The 1995 rebrand indicates the business has evolved from its original Swadeshi-era mission while retaining its historic corporate identity.

Is Bombay Swadeshi Stores Limited listed on a stock exchange?

No, the company is unlisted. Shares trade informally in the unlisted market at approximately ₹225 per share.

Why is Bombay Swadeshi Stores Limited significant historically?

It is one of the corporate embodiments of India's Swadeshi Movement (1905–1908), which was triggered by the partition of Bengal and called for economic self-sufficiency through the boycott of British goods. Companies like Bombay Swadeshi Stores were vehicles for nationalist economic action during the Indian freedom struggle.

How do I buy Bombay Swadeshi Stores unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Bombay Swadeshi Stores?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Bombay Swadeshi Stores shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Bombay Swadeshi Stores Unlisted Share Price | Buy Bombay Swadeshi Stores Pre-IPO Shares — wisefolio

Investment Thesis

Bombay Swadeshi Stores Limited is a remarkable piece of Indian corporate history — founded in 1905 during the Swadeshi Movement, it is among India's oldest surviving registered companies. While its historical significance is undeniable, modern investors must assess whether current operations justify the ₹225 unlisted share price. The company's value may lie more in legacy assets and brand heritage than in current operational performance. Thorough due diligence including MCA filings review is strongly recommended.

Pros

Revenue ₹83.2 Cr (FY24) — healthy operational scale for a 120-year-old retail company.
ISIN INE595B01027 confirmed; incorporated December 11, 1905 — extraordinary 120-year institutional longevity.
Diverse product portfolio: home furnishings, food products, artifacts, clothing, cosmetics/health — broad lifestyle retail offering.
Fort, Mumbai location — premium real estate and footfall; heritage brand appeal in India's financial capital.

Cons

Unlisted (U-prefix) — no secondary market; ISIN exists but shares trade OTC at opaque pricing.
Very small paid-up capital ₹0.988 Cr vs ₹83.2 Cr revenue — razor-thin capital relative to operations.
Traditional retail faces structural headwinds from e-commerce, D2C brands, and modern large-format retail chains.
Single-location heritage store model limits scalability and geographic expansion.

Business Segments

Home Furnishings & Accessories

Retail and distribution of home fashion accessories, home furnishings, artifacts, and home accessories.

Food & Consumer Products

Food products, ready-to-wear clothing, cosmetics and health care products distribution.

Revenue Model

Bombay Swadeshi Stores Limited generates revenue through retail trade operations, selling goods to retail consumers and commercial buyers. The specific product mix in its current form is not publicly documented. Historically, revenue was driven by the retail of Indian-manufactured goods across its store network.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds11

Growth Plans

Heritage brand revival or relaunch leveraging the Swadeshi movement identity in a 'Make in India' context

Real estate or property assets accumulated over 120 years potentially providing significant underlying value

Restructuring or revival under new management unlocking dormant corporate value

Growing consumer interest in heritage and authenticity-driven Indian brands

Industry Tailwinds

Recent Developments

India's heritage retail brands

India's heritage retail and consumer brands have attracted renewed interest as consumers and investors recognise the cultural and brand equity embedded in pre-independence era companies. Several such companies are exploring value unlocking through restructuring or listing.

2024-01

Comparable Companies

CompanyTypeTickerMkt Cap

Shoppers StopListedSHOPERSTOP~3,500 Cr

Spencer's RetailListedSPENCERS~500 Cr

Trent Limited (Tata)ListedTRENT~1,50,000 Cr

Shoppers StopListed

SHOPERSTOP · ~3,500 Cr

Frequently Asked Questions

About Bombay Swadeshi Stores

Bombay Swadeshi Stores Limited is one of India's oldest commercial enterprises, incorporated in 1905 during the Swadeshi Movement that swept across British India. The company's very name reflects its founding ethos — 'Swadeshi' meaning 'of one's own country' in Sanskrit, referring to the nationalist movement that promoted Indian-made goods and boycotted British imports. The company carries CIN U74999MH1905PLC000223, making it among the earliest companies registered in what is now Mumbai. The Swadeshi Movement of 1905 was triggered by the Partition of Bengal and became a defining moment in India's independence struggle, encouraging Indians to buy only Indian-manufactured goods. Businesses established during this era often carried the Swadeshi name as a mark of nationalist identity and consumer confidence. Bombay Swadeshi Stores was likely founded to sell Indian-made textiles, handicrafts, and goods as an alternative to British colonial imports. Over its 120-year existence, the company has weathered India's independence, economic liberalisation, and multiple business cycles. Currently operating as a retail establishment in Mumbai, the company reported revenues of ₹83.2 crore in FY2024, with paid-up capital of just ₹98.8 lakhs (approximately ₹0.99 crore). This extremely low paid-up capital relative to revenue suggests the business has operated largely on retained earnings and working capital credit rather than equity issuance. The company's extraordinary age — 120 years — makes it a rare survivor from the colonial era of Indian commerce. Very few companies incorporated before Indian independence in 1947 remain active today. Bombay Swadeshi Stores' continued operation and ₹83.2 crore revenue makes it one of India's oldest continuously operating retail businesses, a remarkable testament to institutional durability.

Key Milestones

Incorporated December 11, 1905 in Mumbai, Maharashtra (CIN: U74999MH1905PLC000223) — 120+ years old

Common questions about unlisted shares

How do I buy Bombay Swadeshi Stores unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Bombay Swadeshi Stores Limited

How settlement works

Get price alerts for Bombay Swadeshi Stores Limited

Discuss Bombay Swadeshi Stores

Other ways to invest