What does the 'GOI' in Eastern Investments Limited's CIN mean?

The 'GOI' in the CIN L65993OR1927GOI034842 stands for 'Government of India' category in the MCA's CIN classification system. This designation indicates that the company was incorporated as a Government of India promoted or registered entity, as opposed to a purely private company ('PLC' suffix). This suggests historical government involvement in the company's formation or ownership.

What mining investments might Eastern Investments Limited hold?

Given its Odisha base, Bird Group association, and 1927 incorporation, Eastern Investments Limited may hold or have historically held equity interests in coal, iron ore, bauxite, or manganese mining companies operating in Odisha — one of India's richest mineral-resource states. Specific current holdings are not confirmed in publicly available records.

Where can I find information about Eastern Investments Limited?

Eastern Investments Limited's official website is https://birdgroup.co.in/eil/ — part of the Bird Group website. Additional information may be available through MCA21 filings using the CIN L65993OR1927GOI034842 on the MCA portal.

How do I buy Eastern Investments (EIL) 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 Eastern Investments (EIL)?

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 Eastern Investments (EIL) 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.

Eastern Investments (EIL) Unlisted Share Price | Buy Eastern Investments (EIL) Pre-IPO Shares — wisefolio

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

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Eastern Investments (EIL) Unlisted Share Price | Buy Eastern Investments (EIL) Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Eastern Investments Limited is one of India's oldest surviving corporate entities — incorporated in 1927 in Odisha and associated with the historic Bird Group conglomerate. With a CIN bearing the rare 'GOI' (Government of India) classification, this company carries unique historical significance as a colonial-era investment vehicle in India's richest mineral-resource state. At ₹1 per share in the unlisted market, the company is priced near face value, reflecting the minimal current operational activity of what appears to be primarily a legacy holding company. Odisha's extraordinary mineral wealth — iron ore, coal, bauxite — provides the broader backdrop, but investors should approach this as a deep-value legacy situation with high information risk rather than an active growth investment.

Pros

Exceptional historical significance — incorporated in 1927 (nearly 97 years old), among the oldest corporate entities in Odisha and one of the most ancient investment holding companies in India
Associated with the Bird Group — historically one of the oldest and most significant British-era business conglomerates in India, with deep roots in Odisha's mining and industrial development
Odisha is India's richest mineral-resource state — home to massive reserves of iron ore, coal, bauxite, manganese, and chromite — giving a mining-linked investment company intrinsic strategic relevance
CIN prefix 'GOI' (Government of India) in the CIN (L65993OR1927GOI034842) suggests strong historical government linkages — potentially government-promoted or previously government-controlled entity
Long history means potential accumulated asset value from legacy investments, land holdings, and equity positions in Odisha's mining and industrial entities
Bhubaneswar, Odisha's capital, is emerging as an administrative and industrial hub given the state's massive mineral wealth and infrastructure development under successive governments

Cons

Very low share price of ₹1 per share — near face value — suggesting the company may be largely dormant, a holding entity with minimal operational activity, or carry accumulated losses
The 'GOI' denomination in CIN and PSU holding company status may mean the company has complex ownership structures, government approvals for restructuring, or restrictions on secondary market trading
Holding company structures provide indirect equity exposure — returns depend on the performance of investee companies rather than direct operational activity
Mining investments are subject to significant regulatory risk from India's mining regulations, forest clearance requirements, and environmental laws that have grown considerably more complex since 1927
Very limited publicly available information despite having an official website — unclear what the current operational status and financial position of the company are
Bird Group entities in India have gone through significant restructuring post-Independence and post-economic liberalization; current operational relevance and asset quality require verification

Business Segments

Investment Holdings (Mining & Industrial)

Holds equity investments in mining and industrial companies operating in Odisha, particularly in coal, iron ore, and other minerals — consistent with the Bird Group's historical operations in eastern India

Financial Services / Investment Management

As an investment holding company (CIN sector code 65993 relates to holding company activities), manages a portfolio of financial and industrial investments providing dividend and capital appreciation income

Revenue Model

Eastern Investments Limited functions as a holding and investment company, generating revenue primarily through dividends from its investee companies, interest income from fixed-income investments, and potential capital gains from portfolio transactions. As a legacy holding vehicle associated with the Bird Group, its income is derived from returns on its portfolio of equity stakes in Odisha's mining, industrial, and financial sector companies. Given the near face-value share price of ₹1, active operational revenue generation appears minimal.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds12

Growth Plans

Odisha's continued expansion as India's premier mining and heavy industry state could revalue historical mining-related holdings

Corporate restructuring or asset monetization by the Bird Group could unlock hidden value

Bhubaneswar's emergence as a Tier-2 commercial city could appreciate any Odisha land or property assets

India's increased focus on domestic mineral supply chains (iron ore, bauxite for aluminium, coking coal) creating strategic value for Odisha mining investments

Recent Developments

Active corporate status maintenance

Eastern Investments Limited continues to maintain active corporate status with MCA filings, registered in Bhubaneswar and operating under the Bird Group umbrella at https://birdgroup.co.in/eil/.

Ongoing

Odisha mineral sector revival

Odisha's emergence as India's premier mining state — with record iron ore, coal, and bauxite production and major investments by Tata Steel, ArcelorMittal, JSW, JSPL, and NALCO — provides the broader sector context for Eastern Investments' mining investment holdings in the state.

2000s–present

Comparable Companies

CompanyTypeTickerMkt Cap

Andrew Yule & Company Limited (colonial-era PSU)ListedANDREWYULESmall-cap listed

Schrader Duncan Limited (colonial-era holding)ListedUnlisted—

Shaw Wallace & Company (Bird Group peer)ListedUnlisted/legacy—

Orissa Minerals Development Company (OMDC)ListedORISSAMINESmall-cap listed

Frequently Asked Questions

Eastern Investments Limited is one of India's oldest corporate entities, incorporated in 1927 in Odisha (then part of the Bengal/Orissa Province under British India). With CIN L65993OR1927GOI034842, it is associated with the Bird Group — one of India's oldest and historically most significant business conglomerates. The company functions as a PSU holding company or investment vehicle with interests in Odisha's mining and industrial sector.

The Bird Group (or Bird & Co.) is one of India's oldest business conglomerates with origins in the colonial era. Founded in the 19th century, Bird & Co. had extensive operations in coal mining, jute, sugar, and general trading across eastern India. Several Bird Group entities in Odisha (then Orissa) including Eastern Investments Limited were incorporated as holding and investment companies to manage the group's substantial industrial and mining interests in the state.

A share price of ₹1 for a nearly century-old company typically indicates one or more of the following: the company is primarily a holding/investment vehicle with minimal active operations, significant accumulated losses have eroded equity value, the company holds assets whose current market value is not yet fully recognized, or market awareness and liquidity for this very old unlisted company are extremely limited.

About Eastern Investments (EIL)

Eastern Investments Limited (EIL) is one of India's oldest government-owned holding companies, incorporated on 3 January 1927. Originally part of the Bird Group (Bird & Co. Ltd) — one of colonial India's most prominent managing agency houses — EIL was nationalized under the Bird & Company (Acquisition of Shares) Act, 1980. Since 2011, it has been a subsidiary of Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel. EIL's primary value lies not in its own operations but in its subsidiary holdings — it controls two significant mining companies: (1) The Orissa Minerals Development Company Ltd (OMDC), which mines iron ore and manganese in Odisha; and (2) The Bisra Stone Lime Company Ltd (BSLC), which produces limestone and dolomite — essential raw materials for the steel industry. As a Government of India entity under the RINL/Vizag Steel umbrella, EIL operates with PSU governance frameworks. Its own income is primarily from dividends received from subsidiaries and interest on fixed deposits — resulting in revenues under ₹1 crore annually for EIL itself, while the net worth of approximately ₹269 crore reflects the value of its mining subsidiary stakes. EIL is listed on the Calcutta Stock Exchange (CSE). For investors, EIL represents indirect exposure to India's iron ore and limestone mining sector through PSU subsidiaries, with Vizag Steel's ultimate backing providing institutional credibility. The primary investment case is the underlying mining asset value held via OMDC and BSLC.

Key Milestones

1927 — Eastern Investments Limited incorporated in Odisha (then part of Bengal Province under British India) under CIN L65993OR1927GOI034842 — established as a holding and investment vehicle associated with the Bird Group

Common questions about unlisted shares

How do I buy Eastern Investments (EIL) 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?

Eastern Investments Limited

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