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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
Investment Thesis
I-Secure Credit and Capital Services Limited is a small, relatively opaque NBFC registered in Kolkata. With a face-value share price and no identifiable ISIN, it appears to be minimally active. This company is of limited investment interest except in the context of deep-value or turnaround research.
Pros
Cons
Business Segments
Credit Services
Providing loans and credit facilities to individuals and businesses, likely including personal loans, business loans, or mortgage finance as permitted under NBFC regulations.
Capital / Securities Services
Possible investment activities, securities trading, or capital market intermediation services based on website association with Orchid Securities.
Revenue Model
As an NBFC, the company's primary revenue would be interest income from its loan book and any fee income from financial services. Given the apparent dormancy indicated by the face-value share price, current revenue generation may be minimal.
Detailed Analysis
Growth Plans
India's credit penetration story could benefit all NBFCs including small operators if they maintain active lending
Potential merger or acquisition by a larger financial entity could unlock value for shareholders
Industry Tailwinds
India's credit penetration story could benefit all NBFCs including small operators if they maintain active lending
Potential merger or acquisition by a larger financial entity could unlock value for shareholders
Comparable Companies
MUTHOOTFIN.NS · ~₹75,000 crore
MANAPPURAM.NS · ~₹18,000 crore
Frequently Asked Questions
About I-Secure Credit and Capital Services Limited
I-Secure Credit and Capital Services Limited is a Kolkata-based NBFC incorporated on 9 March 1994, originally as Orchid Securities Limited. The company changed its name to I-Secure Credit and Capital Services Limited on 18 February 2021 following a management change after an open offer completion in June 2020. With CIN L18209WB1994PLC062173, the company is listed on MSEI (listed on 21 June 2016). The company provides investment and credit services with a paid-up capital of Rs 3 crore and authorised capital of Rs 27 crore. Managing Director Sojan Vettukallel Avirachan (MBA) leads the company with 10+ years of financial services experience. The company operates multiple offices across India, indicating geographic diversification beyond its Kolkata headquarters, with a corporate office in Thrissur, Kerala. The name change and management transition in 2020-21 represent a significant strategic pivot. I-Secure Credit is positioned as a provider of secured credit and capital services, targeting MSMEs and individuals. The company's MSEI listing provides regulatory oversight and some investor visibility.
Key Milestones
1994: Incorporated in Kolkata, West Bengal as I-Secure Credit and Capital Services Limited
Post-1994: Registered as NBFC with Reserve Bank of India under the NBFC regulatory framework
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.
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Industry Headwinds
RBI tightening of NBFC regulations disproportionately impacts smaller, under-capitalized entities
Complete lack of public financial information deters any institutional interest
Possible dormancy or inactive status may lead to eventual strike-off by MCA
Share price at face value (₹10) may indicate the company is dormant or has not generated meaningful value since incorporation
Source: Company Financial Filings
Absence of ISIN and minimal public disclosures create significant information asymmetry
Source: AlphaHub Research
NBFC operations are subject to RBI oversight; any non-compliance with RBI norms could result in cancellation of NBFC license
Source: Regulatory Filings
Website pointing to Orchid Securities raises questions about the corporate identity and current operating brand
Source: AlphaHub Research
Small NBFCs often have concentrated loan books; any significant NPA could wipe out equity given the thin capital base
Source: Media Reports / Public Records
Share price at face value (₹10) may indicate the company is dormant or has not generated meaningful value since incorporation
Absence of ISIN and minimal public disclosures create significant information asymmetry
NBFC operations are subject to RBI oversight; any non-compliance with RBI norms could result in cancellation of NBFC license
Website pointing to Orchid Securities raises questions about the corporate identity and current operating brand
Small NBFCs often have concentrated loan books; any significant NPA could wipe out equity given the thin capital base
Ongoing: Operates with limited public profile; business scale and activity level unclear from public disclosures

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