What does Centron Industrial Alliance Limited do?

Centron Industrial Alliance Limited is a Mumbai-based company incorporated in 1949, historically involved in personal care and metal consumer products manufacturing. However, the company reported zero revenue from trading or manufacturing in FY2019 and FY2020, suggesting it may be operationally dormant or a shell entity.

Is Centron Industrial Alliance Limited listed on stock exchanges?

Yes, the equity shares of Centron Industrial Alliance Limited are listed on the Bombay Stock Exchange (BSE). However, with a share price of ₹0.5, trading activity is expected to be extremely thin.

Is Centron Industrial Alliance Limited profitable?

The company reported no revenue from trading or manufacturing in FY2019 and FY2020. No subsequent financials are publicly available to confirm any resumption of business activities.

When was Centron Industrial Alliance Limited incorporated?

Centron Industrial Alliance Limited was incorporated in 1949 as a Public Limited Company, making it one of India's oldest registered corporate entities. Its CIN is L28931MH1949PLC007928.

How do I buy Centron Industrial Alliance 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 Centron Industrial Alliance?

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 Centron Industrial Alliance 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.

Centron Industrial Alliance Unlisted Share Price | Buy Centron Industrial Alliance Pre-IPO Shares — wisefolio

Investment Thesis

Centron Industrial Alliance Limited is a 75-year-old legacy company with no identifiable active business operations since at least FY2019. The share price of ₹0.5 and zero reported revenues indicate this is effectively a dormant shell, making it an extremely high-risk and speculative investment with negligible fundamental value.

Pros

ISIN INE450L01024 confirmed; L-prefix CIN (L28931MH1949PLC007928) — listed company; incorporated 1949 with 75+ years of manufacturing history.
Revenue ₹12 Cr (FY22) — operationally active razor blade/shaver manufacturer.
Cumballa Hill, Mumbai location — premium commercial address in South Mumbai.
Razor blades serve essential daily-use personal care market — stable, recurring consumer demand.

Cons

Trading suspended since September 2015 due to non-compliance — shares not tradeable on exchange despite listing.
Razor blade market dominated by Gillette (P&G) and BIC globally; small Indian manufacturers face severe price and brand competition.
Revenue data only from FY2022; current operational status post-suspension unclear.
Non-compliance leading to trading suspension indicates governance challenges.

Business Segments

Razor Blades & Shavers Manufacturing

Manufacturing of razor blades, shavers, and related metal articles/cutlery for personal care market.

Revenue Model

Historically engaged in manufacturing and trading of personal care and metal consumer products. The company reported zero revenue in FY2019 and FY2020, indicating the revenue model may no longer be active.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

Any revival of business activity or new management-led turnaround could provide speculative upside.

Asset monetisation by promoters could unlock some value if the company holds legacy real estate or assets.

Industry Tailwinds

Any revival of business activity or new management-led turnaround could provide speculative upside.

Asset monetisation by promoters could unlock some value if the company holds legacy real estate or assets.

Recent Developments

Centron Industrial revenue at ₹12 Cr — continued operations after 75 years

The company reported revenues of ₹12 crore in FY2022, demonstrating continued commercial activity after 75 years in India's razor blade market.

FY2022

Comparable Companies

CompanyTypeTickerMkt Cap

Gillette India LimitedListed razor and personal care company — dominant competitor and valuation benchmarkListed (BSE: 507815)——

Emami LimitedListed personal care brand company — comparable for heritage Indian consumer brand positioningListed (NSE: EMAMILTD)——

Gillette India LimitedListed (BSE: 507815)

Listed razor and personal care company — dominant competitor and valuation benchmark

Emami LimitedListed (NSE: EMAMILTD)

Frequently Asked Questions

About Centron Industrial Alliance

Centron Industrial Alliance Limited is a Mumbai-based manufacturer of razor blades and personal care products, incorporated in 1949 with CIN L28931MH1949PLC007928. The company was originally established as Hind Razor & Blade Company Private Limited by the Dahanukar Group — one of Mumbai's well-known business families — and was later reconstituted as Centron Industrial Alliance Limited. The company's flagship brands are Centwin and New Swish — both razor blade brands that would have competed in India's grooming market. Razor blades are a classic example of Gillette-style razor-and-blade business models, though Centron operates at a far smaller scale in the Indian market. The company is registered at 4-F/1, Court Chambers, 35 New Marine Lines, Churchgate, Mumbai — a prestigious Mumbai address in the Fort area legal and commercial district. Centron is among India's legacy consumer goods manufacturers that were established in the post-independence industrialisation wave. Companies like Centron built modest consumer brands during the closed-economy era (1950s-1980s) when import restrictions protected domestic manufacturers. The liberalisation of 1991 and subsequent entry of global brands like Gillette (P&G), BIC, and Schick intensified competition significantly. The company reported revenues of ₹12 crore in FY2022, which is modest but demonstrates continued operational activity. At 75 years of age (1949-2024), Centron represents a vintage Mumbai industrial entity with historical brand names that still maintain some market presence in value-segment razor products. The Dahanukar Group's involvement provides promoter backing with deep Maharashtra business roots.

Key Milestones

Incorporated December 20, 1949 in Mumbai, Maharashtra (CIN: L28931MH1949PLC007928) — 75+ years old

Common questions about unlisted shares

How do I buy Centron Industrial Alliance 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?

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