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

Credit Rating (CRISIL)
CARE BB
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 11 Sept 2023
This rating is over a year old.
View Full ReportValuation
Financials
Source: CRISILInvestment Thesis
Carol Info Services (formerly Wockhardt Life Sciences) is delisted from BSE since 2012. Part of Wockhardt Group heritage. No current financial disclosures. Equity trades OTC only.
Pros
Cons
Business Segments
Pharmaceuticals & Healthcare
Manufacturing and distribution of pharmaceuticals and healthcare products; property leasing activities.
Revenue Model
Carol Info Services Limited generates revenue through the manufacture and/or distribution of biopesticides and agricultural chemicals to farmers, agri-retailers, and agricultural distributors across India. Revenue may also include trading in agri-inputs and contract supply to larger agrochemical companies. Given the company's delisting trajectory, detailed current financial information is not publicly confirmed.
Detailed Analysis
Growth Plans
India's biopesticide market is growing as farmers increasingly adopt eco-friendly crop protection alternatives
Government schemes promoting integrated pest management (IPM) create demand for biopesticides over chemical alternatives
Potential acquisition by a larger agrochemical group could unlock significant value for remaining shareholders
Industry Tailwinds
Recent Developments
Carol Info Services Limited carried out a SEBI-regulated delisting process under the SEBI (Delisting of Equity Shares) Regulations, providing public shareholders an exit opportunity at a determined offer price. The company subsequently moved to unlisted status.
RecentFrequently Asked Questions
About Carol Info Services
Carol Info Services Limited is a Mumbai-based company incorporated on 29 November 1979 (CIN: U74999MH1979PLC021942), listed on the National Stock Exchange (NSE: CAROLINFO). Despite its name suggesting an information services business, the company's actual operations are in the manufacture of healthcare and biotechnology-based agricultural products, including a range of biopesticides and agri-inputs. Registered at Wockhardt Towers, Bandra Kurla Complex (BKC), Mumbai — one of India's most prestigious commercial addresses housing major financial institutions and multinationals — Carol Info Services occupies a prime corporate location. The company has a paid-up capital of ₹35.43 crore and authorized capital of ₹100 crore, providing a meaningful capital base. The company's business in biopesticides and agricultural biotechnology aligns with India's growing focus on sustainable agriculture. Biopesticides are biological agents (microbial organisms, natural substances) used to control agricultural pests, offering lower toxicity and environmental impact compared to synthetic chemical pesticides. India's biopesticide market is growing as regulatory restrictions on chemical pesticides tighten and export markets (especially European Union) demand residue-free produce. Carol Info Services is listed on the NSE with ticker CAROLINFO. Management includes directors Akhtar Fakhruddin Shamsi, Parag Arun Ashar, Alwin Anton Lopes, Vijaya Balakrishnan Nair, and Stephen Sabbas D'Souza — a diverse board suggesting professional governance. The company's pivot from 'info services' to agri-biotech reflects the opportunistic evolution common among mid-sized listed companies navigating India's changing economic landscape.
Key Milestones
Incorporated December 29, 1979 in Mumbai, Maharashtra (CIN: U74999MH1979PLC021942)
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Takes 2 minutes
We source & quote
Typically within 1 business day
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Quote valid for 3 days
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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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India's biopesticide market is growing as farmers increasingly adopt eco-friendly crop protection alternatives
Government schemes promoting integrated pest management (IPM) create demand for biopesticides over chemical alternatives
Potential acquisition by a larger agrochemical group could unlock significant value for remaining shareholders
Industry Headwinds
Post-delisting opacity reduces ability to monitor business performance
Competition from large domestic and multinational agrochemical players
Limited secondary market for unlisted shares post-delisting
Regulatory changes in the pesticides sector
Company name 'Carol Info Services' is inconsistent with biopesticide business — historical name may create confusion for investors
Source: AlphaHub Research
Limited financial data available publicly
Source: Media Reports / Public Records
Following the delisting process, secondary market liquidity for Carol Info Services shares is extremely limited. Any investor holding post-delisting shares faces significant difficulty in finding buyers.
Delisted companies are subject to reduced public disclosure obligations compared to listed companies, making ongoing financial monitoring difficult for investors.
The Indian biopesticides and agricultural chemicals sector is dominated by large multinationals and domestic players with significantly greater resources, distribution, and research capabilities.
Biopesticide and agrochemical registrations are regulated by the Central Insecticides Board under the Insecticides Act. Any regulatory changes affecting product approvals could impact the company's portfolio.
Originally Wockhardt Life Sciences Limited; renamed Carol Info Services Limited on November 7, 2003
BSE listed (scrip code 500446); ISIN INE198A01014; authorized ₹100 Cr, paid-up ₹35.44 Cr
March 12, 2012: Delisted from BSE per SEBI Delisting Regulations 2009
Registered at Wockhardt Towers, Bandra Kurla Complex, Bandra East, Mumbai 400051
Wockhardt Group (Habil Khorakiwala family — original promoters pre-delisting)