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

Valuation
Financials (FY2016-17)
Investment Thesis
DHSL Textiles India Limited has been amalgamated (merged) into another company. Independent operations ceased; equity likely exchanged or cancelled. No investment merit as a standalone entity.
Pros
Cons
Business Segments
Decorative Textile Trading
Trading of decorative hand and machine-made garments, carpets, durries, rugs, namdas, blankets, shawls, tweeds, linens, bedspreads, quilts, scarfs, tapestry.
Revenue Model
DHSL Textiles India Limited generates revenue through the purchase and resale of textile products — including fabrics, apparel, and possibly home textiles — on a wholesale and/or retail basis. Revenue is derived from trading margins (difference between procurement and selling price), with possible supplementary income from agent commissions or sourcing services for textile buyers. As a Delhi-based entity, the company likely serves institutional buyers, retailers, and garment manufacturers in North India's large textile market ecosystem.
Detailed Analysis
Growth Plans
India's textile and apparel market continues to grow, supported by a young population and rising per-capita consumption of clothing and home textiles
Delhi's position as a major textile trading hub (Karol Bagh, Chandni Chowk) provides geographic advantage for wholesale textile operations
Potential business repositioning or new management could unlock strategic value in a 40+ year old listed entity
Industry Tailwinds
Recent Developments
DHSL Textiles India Limited continues to operate as an unlisted textile wholesale and retail trade company in New Delhi. The company navigates structural shifts in India's textile distribution landscape including the rise of organized retail and e-commerce disruption.
OngoingComparable Companies
Frequently Asked Questions
About DHSL Textiles India
DHSL Textiles India Limited (formerly known as Desire Hitech Solutions Limited) is a New Delhi-based company incorporated on 19 December 1984. The company is engaged in retail and wholesale trade of textiles including garments, carpets, rugs, blankets, shawls, and related products. DHSL Textiles is listed on MSEI (Metropolitan Stock Exchange of India) under the ticker DHSL:IN. The company underwent a significant change in its registered name and business focus — previously operating as 'Desire Hitech Solutions Limited' before pivoting to textiles trading. This type of name and business change is common among small MSEI-listed shell or near-shell companies in India. A critical note for investors: DHSL Textiles India Limited's MCA status is recorded as 'Amalgamated' — indicating the company has been absorbed into another entity through a scheme of amalgamation. This means the company effectively no longer exists as a standalone entity. The last balance sheet was filed for FY2016-17 (revenues ~₹4.45 crore) and the last AGM was held in September 2019. No filings have been recorded since March 2019. The amalgamation status is the most important factor for any potential investor: shares of an amalgamated company are typically exchanged for shares of the absorbing entity as per the court-approved scheme. Investors holding pre-amalgamation shares should investigate the amalgamation terms, the absorbing entity, and the share exchange ratio to understand their actual entitlement. Before any investment in DHSL Textiles shares, investors must verify: (1) the amalgamation terms and absorbing company identity, (2) whether shares have been formally exchanged, and (3) the current status of any remaining obligations.
Key Milestones
Incorporated December 19, 1984 in New Delhi (CIN: L51900DL1984PLC019624)
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We source & quote
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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 textile and apparel market continues to grow, supported by a young population and rising per-capita consumption of clothing and home textiles
Delhi's position as a major textile trading hub (Karol Bagh, Chandni Chowk) provides geographic advantage for wholesale textile operations
Potential business repositioning or new management could unlock strategic value in a 40+ year old listed entity
Industry Headwinds
E-commerce and organized retail fundamentally disrupting traditional textile wholesale trade models
Near-face-value share price indicating very limited value creation over decades of operation
Limited public information preventing independent assessment of financial condition
GST and compliance requirements increasing cost base for small textile traders
Company status is AMALGAMATED — no longer an independent entity
Source: Media Reports / Public Records
No filings since March 2019 — over 6 years without regulatory compliance
Source: Regulatory Filings
MSEI listing provides negligible liquidity
Source: AlphaHub Research
India's textile retail market has been significantly disrupted by fashion e-commerce platforms (Myntra, Ajio, Nykaa Fashion), direct-to-consumer brands, and large-format retailers. Traditional wholesale textile traders face margin and volume pressures.
No ISIN, no confirmed website, and limited public financial data make DHSL Textiles India Limited extremely difficult to assess for due diligence. Investors must rely on MCA-filed documents for any financial insights.
A share price of ₹19.5 — close to typical face value of ₹10 — signals very limited investor confidence. This could indicate constrained operations, accumulated losses, or a company that has seen minimal growth over its 40+ year history.
GST implementation since 2017 has significantly increased compliance requirements for textile traders. Businesses that previously operated in the informal economy have faced higher tax burdens and compliance costs.
Delhi's textile market is served by thousands of small and large wholesale traders. DHSL Textiles competes with both unorganized players with lower cost structures and organized retailers with better brand value.
ARVIND · ~₹7,000 Cr
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RAYMOND · ~₹8,000 Cr
SIYSIL · ~₹2,500 Cr
ISIN INE287F01014; listed on MSEI (DHSL); textile trader — carpets, rugs, shawls, home textiles
Last revenue ₹4.45 Cr (FY17); net worth ₹9.77 Cr (FY17)
Status: Amalgamated — merged into another entity; registered at R-815 New Rajinder Nagar, New Delhi 110060