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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 (FY2024)
Investment Thesis
Hillridge Investments Limited is a 1980-vintage Mumbai-based investment company with limited public visibility. Its share price at face value (Rs 10) suggests it is not widely traded. The company's investment in securities and shares gives it indirect exposure to India's equity markets. Without transparent portfolio disclosures or a clear value realization event, it remains a speculative, low-liquidity unlisted holding for niche investors interested in Indian investment companies.
Pros
Cons
Business Segments
Equity Portfolio Investments
Investments in listed and unlisted equity shares of Indian companies; primary asset class for investment holding companies of this type
Debt and Fixed Income Securities
Investment in corporate bonds, debentures, and other fixed income instruments for steady income generation
Other Financial Instruments
Mutual funds, units of other investment vehicles, and other financial assets complementing core equity and debt portfolio
Revenue Model
Hillridge Investments generates revenue through dividends received from equity holdings, interest income from debt securities, capital gains from sale of investments, and potentially rental income if it holds real property assets as part of its investment portfolio. As an investment company, its financial performance is directly correlated with the performance of its securities portfolio and broader market conditions.
Detailed Analysis
Growth Plans
India's sustained economic growth and equity market uptrend increasing NAV of equity portfolio
Potential listing or merger with another entity unlocking NAV value for shareholders
Dividends from portfolio companies providing steady income stream
Policy-driven opportunities in infrastructure, manufacturing, and financial sectors benefiting equity investments
Industry Tailwinds
Recent Developments
India's equity markets significantly outperformed global peers in 2023, driven by strong domestic macroeconomic fundamentals, foreign institutional inflows, and retail investor participation. Investment companies with equity-heavy portfolios would have benefited.
2023The RBI's rate hike cycle in 2022-23 impacted fixed income securities valuations within investment portfolios but improved yields on new debt investments.
2022Comparable Companies
BAJAJHLDNG · ~Rs 1,00,000 Cr
Frequently Asked Questions
About Hillridge Investments Limited
Hillridge Investments Limited is a Mumbai-based investment company incorporated on 12 August 1980. With CIN L65993MH1980PLC353324 and authorised/paid-up capital of Rs 8.5 crore, the company is engaged in buying, selling, and holding equity shares and securities. The company has demonstrated strong recent performance with net profit growing 190.59% year-on-year in FY2025, while total revenue declined 6.49%. Managed by Managing Director Moni, CFO Ajay Garg, and directors including Parmanand Chaubey, Tushar Rai Sharma, and Narender, the company operates as a portfolio investment firm. With over four decades of investment operations, Hillridge Investments has navigated multiple market cycles. As a pure investment holding company, Hillridge's performance closely tracks the Indian equity market. The significant net profit growth despite revenue decline suggests improved portfolio composition or realisation of gains from portfolio restructuring. The company's Goregaon West, Mumbai headquarters positions it in one of Mumbai's growing commercial and residential areas.
Key Milestones
1980: Hillridge Investments Limited incorporated in Mumbai, Maharashtra (CIN: L65993MH1980PLC353324)
1980s: Established as an investment holding company during India's pre-liberalisation era
Common questions about unlisted shares
You buy from and sell to the wisefolio desk — shares route through the desk's demat, money-in before shares-out.
You enquire
· Takes 2 minutesTell us the company and quantity you want. Share your demat details so we can settle directly into your account.
We source & quote
· Typically within 1 business dayOur desk sources the shares and comes back with a firm price and an allocation for the quantity available.
You accept the allocation
· Quote valid for 3 daysReview the price, quantity and total. Accept to lock the allocation. The quote is valid for a short window before it needs re-pricing.
You transfer the funds
· Pay within 2 days of acceptingPay by direct bank transfer to the desk's published account — never to a personal account. We confirm receipt and begin the transfer.
Shares reach your demat
· Usually credited within 2–3 business daysOnce payment is verified, the shares are transferred from the desk's demat into yours, and you receive a transfer confirmation.
A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
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.
Be the first to discuss Hillridge Investments Limited — share your research, ask questions, or compare notes with other investors.
India's sustained economic growth and equity market uptrend increasing NAV of equity portfolio
Potential listing or merger with another entity unlocking NAV value for shareholders
Dividends from portfolio companies providing steady income stream
Policy-driven opportunities in infrastructure, manufacturing, and financial sectors benefiting equity investments
Industry Headwinds
Equity market correction eroding portfolio NAV
Continued opaque operations with no clear shareholder value creation mechanism
Regulatory action on non-compliant NBFCs and investment companies
Management entrenchment in family-controlled unlisted investment vehicles
Investment companies are directly exposed to equity market volatility; a bear market or sector-specific downturn in portfolio holdings directly impacts NAV and dividend income.
Source: Media Reports / Public Records
If the equity portfolio is concentrated in a few sectors or stocks, adverse company or sector-specific events can cause disproportionate NAV erosion.
Source: Media Reports / Public Records
Shares in the unlisted investment company itself are highly illiquid, and if portfolio holdings include unlisted securities, exits can be extremely difficult in stressed market conditions.
Source: Media Reports / Public Records
As an unlisted company, Hillridge Investments has minimal public disclosure obligations, making independent assessment of portfolio quality, leverage, and management quality very difficult.
Source: Media Reports / Public Records
Investment companies operating as NBFCs are subject to RBI regulations on capital adequacy, leverage, and investment guidelines. Any regulatory tightening could impact the business model.
Source: Regulatory Filings
Listed investment holding companies in India typically trade at 20-50% discounts to their NAV; unlisted investment companies face even deeper implied discounts due to illiquidity.
Source: Media Reports / Public Records
Investment companies are directly exposed to equity market volatility; a bear market or sector-specific downturn in portfolio holdings directly impacts NAV and dividend income.
If the equity portfolio is concentrated in a few sectors or stocks, adverse company or sector-specific events can cause disproportionate NAV erosion.
Shares in the unlisted investment company itself are highly illiquid, and if portfolio holdings include unlisted securities, exits can be extremely difficult in stressed market conditions.
As an unlisted company, Hillridge Investments has minimal public disclosure obligations, making independent assessment of portfolio quality, leverage, and management quality very difficult.
Investment companies operating as NBFCs are subject to RBI regulations on capital adequacy, leverage, and investment guidelines. Any regulatory tightening could impact the business model.
Listed investment holding companies in India typically trade at 20-50% discounts to their NAV; unlisted investment companies face even deeper implied discounts due to illiquidity.
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1991: India's economic liberalisation opened new investment opportunities in equities and securities
1990s-2000s: Built equity portfolio leveraging India's post-liberalisation capital market growth
2000s: IT, telecom, and infrastructure sectors' stock market boom would have benefited equity-focused investment companies
2010s: Continued portfolio management through multiple market cycles
2020s: COVID-19 market volatility followed by strong equity market recovery affecting investment portfolio NAV

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