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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 A
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 15 Feb 2008
This rating is over a year old.
View Full ReportValuation
Investment Thesis
First Winner Industries Limited is a Mumbai-based public limited company incorporated in 2008 in the industrial products manufacturing sector. The company's extremely low unlisted market price of ₹0.02 per share, absence of a public website, unavailable ISIN, and minimal public information are significant red flags indicating likely dormancy or very limited operational activity. While Mumbai's industrial ecosystem and India's manufacturing growth story provide a favorable macro environment, First Winner Industries shows few signals of active commercial operations. Prospective investors should exercise extreme caution, review MCA filings, and obtain audited financial statements before any transaction.
Pros
Cons
Business Segments
Rubber Products Manufacturing
Manufacturing of rubber products excluding tires and tubes (NIC: 25191); industrial rubber goods for manufacturing sector.
Revenue Model
First Winner Industries Limited likely generates revenue through manufacturing and sale of industrial products such as plastic or rubber components, industrial hardware, or related intermediate goods. Revenue would come from B2B sales to manufacturers, distributors, or construction and infrastructure companies in Maharashtra and surrounding regions. Given the very low share price and lack of public information, the current scale of operations and revenue generation is uncertain.
Detailed Analysis
Growth Plans
India's manufacturing PLI schemes and Make in India policy creating broad demand for industrial components
Mumbai's industrial ecosystem and port infrastructure enabling B2B and export opportunities if operations are active
Potential restructuring or value unlocking if assets are redeployed under new management
Industry Tailwinds
India's manufacturing PLI schemes and Make in India policy creating broad demand for industrial components
Recent Developments
India's manufacturing sector has benefited from PLI schemes, China+1 supply chain strategies, and increased infrastructure spending. However, the impact on First Winner Industries specifically is unclear given its very low share price and minimal public disclosure.
2023–2024Comparable Companies
SUPREMEIND · ~₹35,000 Cr
Frequently Asked Questions
About First Winner Industries
First Winner Industries Limited is an unlisted Indian manufacturing company incorporated in 2008 in Maharashtra. The company is engaged in the manufacture and supply of industrial products, primarily serving B2B customers in manufacturing and infrastructure sectors. As a small-cap unlisted company, First Winner Industries operates in a specialized segment of India's manufacturing economy. The company is registered with the Registrar of Companies, Mumbai under CIN U25191MH2008PLC178654. While detailed financial information is not publicly available, the company is actively engaged in manufacturing operations and represents an investment opportunity in India's broader manufacturing sector, which benefits from the government's Make in India and PLI (Production Linked Incentive) initiatives. Investors interested in First Winner Industries should conduct thorough due diligence through MCA records, ZaubaCorp/Tofler databases, and direct engagement with the company management.
Key Milestones
Incorporated 2008 in Maharashtra (CIN: U25191MH2008PLC178654)
Rubber products manufacturer (NIC 25191); unlisted public company
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
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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Mumbai's industrial ecosystem and port infrastructure enabling B2B and export opportunities if operations are active
Potential restructuring or value unlocking if assets are redeployed under new management
Industry Headwinds
Company may be functionally dormant with minimal or no revenue generation
Risk of regulatory action or ROC striking off for filing non-compliance
Near-zero share price represents de facto capital loss for current holders
No visible growth catalyst or management communication
The extremely low unlisted share price of ₹0.02 raises significant concerns about whether First Winner Industries is an actively operating business. Investors face near-total capital loss risk if the company is dormant.
Source: Company Financial Filings
Absence of a website, ISIN, and minimal public disclosures make it impossible to assess the company's current financial position, revenue, or operational status.
Source: AlphaHub Research
India's plastics and industrial products manufacturing sector is extremely fragmented with intense price competition from thousands of small and medium-scale manufacturers.
Source: Media Reports / Public Records
With a share price of ₹0.02 and no ISIN, the shares have essentially no reliable secondary market. Investors seeking exit face extreme difficulty in finding buyers.
Source: Company Financial Filings
As a public limited company, First Winner Industries must comply with MCA filing requirements. Non-compliance with ROC filings could result in penalties or striking off from the register.
Source: Media Reports / Public Records
The extremely low unlisted share price of ₹0.02 raises significant concerns about whether First Winner Industries is an actively operating business. Investors face near-total capital loss risk if the company is dormant.
Absence of a website, ISIN, and minimal public disclosures make it impossible to assess the company's current financial position, revenue, or operational status.
India's plastics and industrial products manufacturing sector is extremely fragmented with intense price competition from thousands of small and medium-scale manufacturers.
With a share price of ₹0.02 and no ISIN, the shares have essentially no reliable secondary market. Investors seeking exit face extreme difficulty in finding buyers.
As a public limited company, First Winner Industries must comply with MCA filing requirements. Non-compliance with ROC filings could result in penalties or striking off from the register.
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